existing home sales

Gallup Poll Shows Real Estate is Still America’s Favorite Investment

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Sources: Builder Confidence Holds Firm in April Single-Family Production Falls in March After Strong February Reading Mortgage Defaults Climb Slightly Mortgage Rates Tumble Below 4 Percent Rents Rise at Slowest Pace in Five Years Political Holding Pattern Affirms Conservative Growth Forecast Freddie Mac April 2017 Outlook Robots May Help Build Your Next Home and Fill the …

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Bloomberg Releases List of Cities With Highest Household Incomes

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Today’s News Synopsis: Realtor.com released their list of the top places where millennials prefer to purchase real estate.  The latest Bloomberg analysis also showed which cities’ homes had the highest household incomes.  Sales of existing homes were lower last month at 5.48 million after having seen an increase the previous month; sales decreased 3.7%. In …

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Existing-Home Sales Increased Last Month for Third Month in a Row

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Today’s News Synopsis: The Mortgage Bankers Association reported a 2.5% increase in mortgage applications from last week.  Existing-home sales also increased last month for the third month in a row by 0.7% to 5.61 million.  Of all home sales that occurred in September, 31.7% of them were cash sales. In The News: Mortgage Bankers Association – …

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Ocwen Financial Required to Pay $30 Million in Fraud Lawsuit

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Today’s News Synopsis: The National Association of Realtors reported existing home sales increased 1.8% last month to their highest since 2007.  Meanwhile, sales of new homes decreased 6% last month to 551,000.  Ocwen Financial has been required to pay $30 million in a settlement regarding fraud. In The News: Mortgage Professional America – “Morning Briefing: Existing …

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Despite All Odds, Existing-Home Sales Continue to Increase

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Today’s News Synopsis: Despite all odds, existing-home sales are continuing to show positive signs of increase, having risen 1.7% to 5.45 million.  Many housing advocacy groups and stakeholders in the industry are urging FHFA director Mel Watt to bring more changes to housing finance reform.  Mortgage applications decreased 4.1% according to the Mortgage Bankers Association. …

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Texas Supreme Court Rules in Favor of Ocwen Over Lien Settlement

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Today’s News Synopsis: The National Association of Realtors reported existing-home sales increased last month by 1.7% to 5.45 million.  A fine dealt to Bank of America totalling $1.27 billion over fraud was overturned by the United States Court of Appeals for the Second Circuit.  At the same time, the Supreme Court of Texas ruled in …

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NAR Reports 5.1% Increase in Existing-Home Sales

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Today’s News Synopsis:   The National Association of Realtors reported existing-home sales increased 5.1% month-over-month in March.  The Mortgage Bankers Association reported mortgage applications increased 1.3% from last week.  More and more people are interested in buying a home with interest rates continuing to decrease.   In The News: Housing Wire – “Existing home sales rebound …

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Five Cities Could Potentially Be in Housing Bubble; Riverside Included

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Today’s News Synopsis:   Due to overvalued stock and drastically increasing home prices in certain cities, there is a possibility these cities may be in a housing bubble: Reno, Nevada, Bend, Oregon, Boise, Idaho, Austin Texas, and Riverside, California.  Existing-home sales increased by 0.4% to 5.47 million, their highest in nine years.  Bank of America …

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