Home prices continued to rise in January, reaching a record-high for the fifth month in a row, according to the new S&P CoreLogic Case-Shiller Indices, a measure of U.S. home prices.
The indices are generated by S&P Dow Jones and CoreLogic and cover all nine U.S. census divisions. The latest version of the indices showed a 5.9% annual gain in January, up from an annual gain of 5.7% in December.
Opinions appear to be a bit mixed in that regard, with some analysts viewing January’s data as a significant drawback for certain segments of the home-buying market, while others say the rising prices aren’t a concern, yet.
Case in point: Zillow Chief Economist Svenja Gudell said the rising prices won’t impact home buying, but another factor could dampen 2017’s prospects – rising interest rates.
People aren’t necessarily more creative in groups than alone, or vice versa. In fact, creativity needs both conditions; our performance peaks when we alternate–first working alone, then coming together to share our ideas, then going off by ourselves again to mull over what we heard.
The 10-story, 6,200-square-foot structure with three bedrooms and four bathrooms was designed by Phoenix architect Sukumar Pal. Pal designed his home so the tubular tower portion causes heat to rise and vent in the summer but capture the heat during the winter.
No one in the mortgage industry needs to be convinced about the power, prominence and appeal of technology anymore. Despite the industry’s initial reluctance to integrate more technology into its processes, innovation and automation are now watchwords in the industry.
They cannot help show a customer a house, market a home, hold an open house, or negotiate the price of a home," said Matt Murphy, CMO of Chime Technologies, an online real estate platform in San Francisco. "Agents are still a critical part of the real estate transaction, but they can leverage chatbots and automation technology to help save themselves time."
By a 31-1 vote Monday, NFL owners approved the Raiders’ plan to relocate from Oakland to Las Vegas, where the club intends to build a $1.6-billion stadium to open in 2020. The plan calls for the Raiders to remain in Oakland while their new stadium is being constructed.
Fifty-two of the 100 largest U.S. cities were majority-renter in 2015, according to U.S. Census Bureau data compiled for Bloomberg by real estate brokerage Redfin. Twenty-one of those cities have shifted to renter-domination since 2009.
In a video uploaded to YouTube, the drone is seen delivering a small box containing a few bottles of sunscreen in southern California on Monday, where the MARS 2017 conference was taking place. Last year, Amazon made some drone deliveries in the U.K.
They want it fast, they want it easy, and it better be perfect. That pretty much sums up the typical millennial homebuyer today. So, if that's your target and your house isn't pristine, they're going to move on to one that is. So how do you make your home swipeable? It's easy, really.
Winter 2017 home sales remained strong during February with the 7,391 closings representing the second highest total for the month, according to the housing market report released today by the New York State Association of REALTORS®. The January statewide median sales price of $242,000 represents an increase of 4.3 percent from a year ago.
Based on signed contracts, statewide pending home sales decreased in February on a seasonally adjusted basis, with the Pending Home Sales Index (PHSI)* declining 2.6 percent from 113.5 in February 2016 to 110.6 in February 2017, marking the weakest February in three years. On a monthly basis, California pending home sales were up 3.2 percent from the January index of 107.2.
After updating attendees with the status of the industry in a speech marked with the typical inventory drought and ever-rising interest rates, Michael Fratantoni, chief economist and senior vice president of research and industry technology with the Mortgage Bankers Association, concluded his presentation early Tuesday morning with a call to action for everyone attending the mortgage technology conference.
The earlier advisory began by noting, "Under California law, with its two-tiered licensing system, real estate salespersons cannot provide -- or advertise that they can provide -- real estate services independently of their responsible brokers. Moreover, salespersons must be associated or affiliated with a responsible broker in order to engage in real estate licensed activities in this State."
The service will require a minimum investment of $10,000 and charge a 50 basis point fee, the firm said in a filing of its ADV registration documents for the digital service. The fee also includes access to financial advisers as needed via phone support.
While renting out most apartments has been illegal for several years, new legislation passed last year makes it easier to regulate Airbnb listings. Now, even advertising the listings, not just listing them, is illegal.
A new analysis of census data published by Bloomberg indicates that cities and towns with ties to Wall Street and Silicon Valley had the highest U.S. household incomes in 2015. The richest households weren't isolated to the coasts, with some communities in between also making the list.
And all of it puny compared to the rumbling of trucks, the honking of horns, the roaring of airplanes. New figures from the Department of Transportation show 98 percent of Americans are exposed to around 50 decibels worth of road- or aviation-related screeching, the audible equivalent of a refrigerator hum.
The group, which calls itself Turkish Crime Family, claims to have login credentials for more than 627 million icloud.com, me.com and mac.com email addresses. These are email domains that Apple has allowed for users creating iCloud accounts over the years.
The Data & Analytics division of Black Knight Financial Services, Inc. (BKFS) reports the following "first look" at February 2017 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market.
Sales of new single-family homes increased to a seasonally adjusted annual rate of 592,000 in February, the report showed. This is an increase of 6.1% from January’s 558,000, and an increase of 12.8% from 525,000 in February last year.
Apple has finalized a deal to acquire Workflow today — a tool that lets you hook together apps and functions within apps in strings of commands to automate tasks. We’ve been tracking this one for a while but were able to confirm just now that the ink on the deal is drying as we speak.
Total existing-home sales 1, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, retreated 3.7 percent to a seasonally adjusted annual rate of 5.48 million in February from 5.69 million in January. Despite last month's decline, February's sales pace is still 5.4 percent above a year ago.
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