While previous estimates showed cash and distressed sales hitting their pre-crisis marks in 2018 or even 2019, the newest report estimates that the market could see pre-crisis levels as soon as this Summer, according to a new report from CoreLogic.
Cash sales accounted for 32.4% of total home sales in November, which, while up from October’s 31.8%, is down 4.5% annually.
The Pending Home Sales Index,* a forward-looking indicator based on contract signings, decreased 2.8 percent to 106.4 in January from an upwardly revised 109.5 in December 2016. Although last month's index reading is 0.4 percent above last January, it is the lowest since then.
Federal Communications Commission boss Ajit Pai is pushing to halt part of an Obama-era set of privacy rules that would require internet service providers to get explicit consent before they share consumers' browsing data and other personal information with advertisers.
Concerns over rising rates of speedier job-hopping are now at a fever pitch. By one recent estimate, nearly half of employees could leave their jobs by the end of 2017. And according to another, millennials now expect to change their job every two and a half years—double the rate of their Gen X predecessors.
But his usual hymn to the dynamism of the American economy in his annual letter to Berkshire Hathaway shareholders that was released on Saturday morning reached new heights. “Americans have combined human ingenuity, a market system, a tide of talented and ambitious immigrants, and the rule of law to deliver abundance beyond any dreams of our forefathers,” Mr. Buffett wrote.
being in the real estate brokerage business for 32 years as an agent, Broker/Office manager of large regional companies and also as a Broker/Owner of my own company, affords me the opportunity to have experienced the user side of the MLS.
Realogy Holdings Corp., a residential real estate services company, named a new CEO over its Realogy Franchise Group, promoting John Peyton (pictured below) to the role, effective April 1, 2017. Peyton currently serves as president and chief operating officer for RFG.
Peyton will succeed Alex Perriello, longtime CEO of RFG, who will instead serve in a senior advisory capacity as chairman emeritus for the group.
The Data & Analytics division of Black Knight Financial Services, Inc. (BKFS) reports the following "first look" at January 2017 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market.
RE/MAX, LLC has announced a new Vice President of IT and Digital Business. Carie Zoellner now directs the activities of the IT department, including innovation and strategic planning, data center operations, application development, business systems analysis, records management, data privacy, cybersecurity/compliance and customer support. She also leads the company’s key technology initiatives.
With the exception of an unusually harsh and wintry December, existing home sales have now strongly beat expectations in four out of the past five months, as buyers took advantage of slightly better weather and slightly lower mortgage interest rates in January.
DocuSign Payments saves time and effort by providing a fast and easy way to collect payments and signatures in just one step. At launch – via the partnership with global payments platform Stripe – users can DocuSign and pay using Android Pay, Apple Pay or any major credit card.
There is still time left -- but not much -- for affected California brokers to submit their annual Escrow Activity Report to the Bureau of Real Estate (BRE). This applies to firms that operate a "broker-controlled escrow" that engaged in five or more transactions or whose escrow activities exceeded $1 million in the past calendar year.
Based on signed contracts, statewide pending home sales decreased in January on a seasonally adjusted basis, with the Pending Home Sales Index (PHSI)* slipping 0.2 percent from 107.4 from January 2016 to 107.2 in January 2017. On a monthly basis, California pending home sales were down 9.2 percent from the December index of 118.0.
Post-election interest rate surge lead to the first year-over-year decline in consumer house-buying power in two and a half years, but real house prices remain 10.1 percent below the level from January 2000.
However, this move away from refinances also means a move towards riskier loans, according to First American Financial Corporation, a provider of title insurance, settlement services and risk solutions for real estate transactions.
New residential single-family home sales increased 3.7% to an annually adjusted rate of 555,000 in January, the report stated. This is up from December’s rate of 535,000 and 5.5% above January 2016’s rate of 526,000.
An FCC order today reduced the reach of a net neutrality rule requiring broadband providers to share certain data on their services. Originally, providers with less than 100,000 subscribers were exempt; the order raises that number to 250,000 — potentially allowing more companies to escape complying with certain consumer protections.
Nashville, Portland and Tampa reported the fastest year-over-year home value growth, all appreciating over 10 percent. Orlando, Detroit, Las Vegas and Miami are also among the top 10 fastest appreciating marketsiii, a shift away from California dominance. Home values in Nashville were up 9 percent a year ago, but are now rising at more than 12 percent annually, the fastest among the 40 largest U.S. metros. San Francisco and San Jose were both among the top 10 fastest appreciating housing markets at this time last year, but today are among the slowestiv.
Total existing-home sales 1, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, expanded 3.3 percent to a seasonally adjusted annual rate of 5.69 million in January from an upwardly revised 5.51 million in December 2016. January's sales pace is 3.8 percent higher than a year ago (5.48 million) and surpasses November 2016 (5.60 million) as the strongest since February 2007 (5.79 million).
Nationstar Mortgage Holdings Inc. (NSM) today announced that it generated fourth quarter GAAP net income attributable to Nationstar of $198 million, or $2.01 per diluted share driven principally by strong operating results, a favorable mark-to-market ("MTM") adjustment, and decreased amortization of the servicing portfolio.
From the Census Bureau comes more fodder for the stuff-that-is-interesting-but-doesn't-really- matter-anymore file. Or something like that. Let your fingers do the walking, uh, clicking through this look back at a trusty companion to one of the most useful communications devices ever invented.
Above all, we'll all need greater literacy about the place of algorithms in the modern world, and more ability to affect their ultimate outcomes. "The solution is design. The process should not be a black box into which we feed data and out comes an answer, but a transparent process designed not just to produce a result, but to explain how it came up with that result
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