labor department

Make 3D Listings From New Zillow App For Free in a Couple of Hours

Today’s News Synopsis: Zillow Group will 3D homes to Real Estate Listings for FREE!  Home affordability improved in the third quarter in 60% of U.S. markets according to ATTOM Data Solutions.  Mortgage rates increased to their highest in six weeks with 30-year rates at 3.85% and 15-year rates at 3.15%. In The News: Zillow – “Zillow …

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Homeowners Continue To Overestimate Their Home Values

Today’s News Synopsis: How much do you think your house is worth?  Many homeowners seem to be overestimating their value.  Household incomes in the U.S. increased last year to their highest on record by 3.2% as poverty decreased. Prices on homes are increases as demand for rentals continues to increase. In The News: Zillow – “Renter …

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NAHB Report Shows Builder Confidence Remains Strong

Today’s News Synopsis: The NAHB reported builder confidence continues to remain strong, having decreased only slightly to 67 from 69.  Freddie Mac reported mortgage rates increased slightly after having steadily decreased for a long time; 30-year rates now stand at 3.91% and 15-year rates at 3.18%.  The pace at which homes are selling increased drastically …

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Interest Rates Saw the Third Increase Today by the Federal Reserve Since 6 Months Ago

Today’s News Synopsis: In a breaking news story, the Federal Reserve raised interest rates today for the third time in six months and plans to raise them one more time.  However, they may reconsider this decision with the drastic decrease and slowdown in consumer-price inflation.  More wealthy home buyers are going after REOs rather than …

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Realtor.com’s Latest List Shows Metropolitan Areas Best Suited for Families

Sources: Black Knight Home Price Index Report: March 2017 Transactions Redfin Housing Demand Index Ticks Back up as Prime Selling Season Commences Pending home sales drop 1.3% in April as spring housing markets shows weakness 30-Year Fixed Mortgage Rates Moves Lower Honoring Their Sacrifice: Disabled Veterans Receive New Homes Housing Grants Help Disabled Veterans Live Independently …

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Labor Market Improving With Jobless Claims Showing Little Change

Today’s News Synopsis: Mortgage rates decreased again to their lowest this year with 30-year rates at 3.95% and 15-year rates at 3.19%.  Loans originated on residential properties came in at 1.4 million in the first quarter, down 30% from the previous quarter and up 21% year over year.  The labor market is continuing to show …

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New Home Sales of Single-Family Homes Increase to Highest in 10 Years

Sources: Equity Gains Fuel Rise in Housing Market Value Why the supply of homes for sale is the lowest since 1999 Cash and Distressed Sales Update: October 2016 Redfin Report: Luxury Home Prices Inched Up 0.7 Percent in Fourth Quarter as the Rest of the Market Showed Substantial Gains Mortgage Rates Rise for First Time …

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