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Existing-Home Sales Rise in October with Ongoing Price and Equity Gains

Existing-Home Sales Rise in October with Ongoing Price and Equity Gains | Real Estate Plus+ Daily News | Scoop.it
Sales of existing homes increased in October, even with some regional impact from Hurricane Sandy, while home prices continued to rise due to lower levels of inventory supply, according to the National Association of Realtors®.
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BPG: brand new image format is half the size of a JPEG - AGBeat

BPG: brand new image format is half the size of a JPEG - AGBeat | Real Estate Plus+ Daily News | Scoop.it

French programmer, Fabrice Bellard, has developed a new image format that could cure this problem. The BPG (Better Portable Graphics) image format delivers the same image quality (or better, from what we’ve seen) as a JPEG file, claiming to be half the size.

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The Best View Yet Of Apple's New 'Spaceship' Headquarters That's Beginning To Take Shape

The Best View Yet Of Apple's New 'Spaceship' Headquarters That's Beginning To Take Shape | Real Estate Plus+ Daily News | Scoop.it

The futuristic campus is designed by Norman Foster's firm, Foster + Partners, and will feature curved glass panels, an underground parking lot, a private auditorium for keynotes and product launches, and a 360-degree view of nature.

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Where Wall Street is Most Likely to Cash out of the Single Family Rental Market

Where Wall Street is Most Likely to Cash out of the Single Family Rental Market | Real Estate Plus+ Daily News | Scoop.it

After nearly three years and hundreds of thousands of property purchases, the nascent single family rental industry is at a crossroads in terms of future growth and long-term staying power. Many are wondering how many of the players will “cash out” of their property portfolios given the strong home price appreciation over the past few years — and if so how that liquidation would impact local markets with a high density of single family homes purchased as rentals.

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Yellen talks interest rates and oil prices

Yellen talks interest rates and oil prices | Real Estate Plus+ Daily News | Scoop.it
Federal Reserve Chair Janet Yellen commented on two hot topics in the market right now: interest rates and oil prices. And her answers might surprise you.
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Redfin raises $71 million for continued expansion

Redfin raises $71 million for continued expansion | Real Estate Plus+ Daily News | Scoop.it
In the latest move in what has been a banner year in the battle for domination of the online real estate market, Redfin announced that it received a large injection of funding from several large investors. The company said that it plans to use the money to continue its growth.
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Zillow Shareholders and Trulia Stockholders Approve Planned Acquisition

Zillow Shareholders and Trulia Stockholders Approve Planned Acquisition | Real Estate Plus+ Daily News | Scoop.it

Zillow, Inc. (Nasdaq:Z) and Trulia, Inc. (NYSE:TRLA) today announced that Zillow shareholders and Trulia stockholders voted resoundingly to approve the previously announced definitive agreement, dated as of July 28, 2014, pursuant to which Zillow will acquire Trulia.

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MLS Pin Quietly Rolls Out Public Facing Site

MLS Pin Quietly Rolls Out Public Facing Site | Real Estate Plus+ Daily News | Scoop.it

Site features include a range of options and information similar to those available on other portal sites like Zillow or Realtor.com, including map search, school and neighborhood data and walk scores, as well as photos and tax data. Listings are pulled directly from MLS Pin, ensuring accuracy. Search results display days on market, while listing pages prominently feature the photo and contact info of the listing agent, and only the listing agent. - See more at: http://www.bankerandtradesman.com/news162209.html#sthash.uo4ZoQfp.dpufMLS Pin Quietly Rolls Out Public Facing Site

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Calif - November home sales and price report

Calif - November home sales and price report | Real Estate Plus+ Daily News | Scoop.it

Slower price gains and the lowest interest rates in nearly two years did little to spur November home sales as low housing affordability and tight supply conditions remained obstacles to entering the market for would-be buyers, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. 

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News Corp Announces New Leadership at Move, Inc.

News Corp Announces New Leadership at Move, Inc. | Real Estate Plus+ Daily News | Scoop.it
NEW YORK---- News Corp announced today that Ryan O’ Hara will become Chief Executive Officer of Move, Inc., effective January 5, 2015. News Corp acquired Move, a leading provider of online real estate services, including realtor.com ®, last month. We are also extremely grateful to Steve Berkowitz for his years of astute and principled leadership, during which period...
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Big Banks Return to Pre-Crisis Lending Standards, Regulator Says

Big Banks Return to Pre-Crisis Lending Standards, Regulator Says | Real Estate Plus+ Daily News | Scoop.it
The largest U.S. banks have lowered their standards for some of the riskiest lending in a sign that weak underwriting is returning to levels seen before the 2008 financial crisis, according to a regulator’s report.
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State of New York bans fracking

State of New York bans fracking | Real Estate Plus+ Daily News | Scoop.it
Citing the potential for air and water pollution and inestimable public-health risks, the state of New York has officially banned the oil and gas extraction process known as fracking. The move becomes that latest in an ongoing nationwide battle over fracking. Here's why it matters for housing.
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Lenders fear weakening mortgage demand in 2015

Lenders fear weakening mortgage demand in 2015 | Real Estate Plus+ Daily News | Scoop.it
The outlook for 2015 is generally good, but lenders are worried that demand for mortgages is going to slow. Here's why, and why they may be right to worry.
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Senate approves short sale tax break

Senate approves short sale tax break | Real Estate Plus+ Daily News | Scoop.it
Homeowners who had short sales in 2014 were facing massive tax bills unless Congress extended short sale tax breaks. The House of Representatives did its part two weeks ago, and now the Senate has followed suit.
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We Surveyed People About Smartwatches And Their Answers Reveal Why This Market Will Be Small

We Surveyed People About Smartwatches And Their Answers Reveal Why This Market Will Be Small | Real Estate Plus+ Daily News | Scoop.it

A global survey BI Intelligence conducted among Business Insider readers during October 2014 illustrates what consumers are looking for in a smartwatch, and whether they intend to purchase one. We generated over 2,000 responses from Business Insider readers, who tend to be young, affluent professionals — ostensibly the target market for a smartwatch. 

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Fyusion’s cool 3D photos could one day power user-generated VR

Fyusion’s cool 3D photos could one day power user-generated VR | Real Estate Plus+ Daily News | Scoop.it
San Francisco-based computer vision startup Fyusion released a new version of its Fyuse app for iOS and Android Wednesday that allows consumers to record unique 3D photospheres that the company has dubbed “surround view.” The company believes that this could augment all kinds of things, ranging from selfies to fashion shows — but when I got a…
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Countrywide whistleblower will receive $57 million

Countrywide whistleblower will receive $57 million | Real Estate Plus+ Daily News | Scoop.it
The whistleblower at the center of the so-called Hustle case against Bank of America over Countrywide mortgage loans will also receive a hefty payout for his participation in the record $16.65 billion settlement between BofA and the U.S. Department of Justice to resolve claims over toxic mortgage-backed securities on residential mortgage loans sold to Fannie Mae and Freddie Mac.
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New York establishes new cyber security examination process for financial institutions

New York establishes new cyber security examination process for financial institutions | Real Estate Plus+ Daily News | Scoop.it

New York’s Department of Financial Services released a letter on December 10, 2014, announcing the details of its plan to focus more attention on cyber security matters in conducting examinations. Directed at New York-chartered or -licensed banking institutions, the letter notes that the Department will be incorporating a number of new security-oriented questions and topics into its pre-examination “First Day Letters.” 

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FHA’s HAWK Program Nixed

FHA’s HAWK Program Nixed | Real Estate Plus+ Daily News | Scoop.it
The Federal Housing Administration's pilot program, designed to extend credit to underserved borrowers and help unlock savings on FHA-insured loans, won't move forward.
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Quadriplegic successfully uses mind-controlled robotic arm

Quadriplegic successfully uses mind-controlled robotic arm | Real Estate Plus+ Daily News | Scoop.it
Building on a previous study, University of Pittsburgh researchers gave quadriplegic Jan Scheuermann the ability to control a sophisticated robotic arm and pick up and manipulate objects of varyin...
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Referrals valued more than leads from third-party websites

Referrals valued more than leads from third-party websites | Real Estate Plus+ Daily News | Scoop.it

A recent survey of real estate executives by real estate marketing firm Imprev has shed some light on the issue, finding that the gap in quality between leads acquired through relationships and leads generated through third-party websites is more like a chasm than a ditch.

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Real Estate Firms and MLSs Team Up to Launch New Consumer Website

Real Estate Firms and MLSs Team Up to Launch New Consumer Website | Real Estate Plus+ Daily News | Scoop.it
ARROYO GRANDE, Calif., Dec. 17, 2014 (GLOBE NEWSWIRE) -- Today, real estate brokerage firms representing more than 300,000 Realtors® and 25 leading Multiple Listings Service (MLS) firms with 350,000 agent and broker subscribers announced the formation of a new company that will develop and manage a new consumer website. The name of the new company has yet to be determined. This announcement is the first time that the 50 industry leaders participating in early formation discussions have released
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Zillow: Number of underwater homeowners sliced in half

Zillow: Number of underwater homeowners sliced in half | Real Estate Plus+ Daily News | Scoop.it
More Americans are coming out of negative equity, with the number tumbling by more than 40% since 2012. However, this doesn’t guarantee a rosy forecast for underwater homeowners.
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Facebook Starts Auto-Enhancing Photos Because Algorithms Are Better At Filters Than You

Facebook Starts Auto-Enhancing Photos Because Algorithms Are Better At Filters Than You | Real Estate Plus+ Daily News | Scoop.it

We’re not ace photographers, but we all take photos. Most could use a little help with light and shadow. So rather than making you manually filter them, Facebook tells me it will now auto-enhance newly uploaded photos starting today on iOS and soon on Android. You’ll be able to adjust a slider to control just how enhanced you want the light, shadow, and clarity, or revert back to your original shot.

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FOMC: Fed maintains federal funds rate

FOMC: Fed maintains federal funds rate | Real Estate Plus+ Daily News | Scoop.it
According to the latest Fed meeting, the current 0% to .25% target range for the federal funds rate will likely be appropriate for a considerable time following the end of its asset purchase program in October.
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Senate fails to pass Terrorism Risk Insurance Act

Senate fails to pass Terrorism Risk Insurance Act | Real Estate Plus+ Daily News | Scoop.it
The Terrorism Risk Insurance Act is critical to the housing industry, and despite passing the House on a bipartisan vote, the Senate failed to reauthorize it before recessing. Here's what the industry has to say.
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