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DOJ to file civil charges against BofA over jumbo securitizations

DOJ to file civil charges against BofA over jumbo securitizations | Real Estate Plus+ Daily News | Scoop.it

The firm, which took over Countrywide’s legacy subprime business in the wake of the financial crisis, reports in a securities filing that the Department of Justice plans to file civil charges against BofA and related entities over two jumbo prime mortgage securitizations. 

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Case Shiller: Home prices pick up speed despite fewer sales

Case Shiller: Home prices pick up speed despite fewer sales | Real Estate Plus+ Daily News | Scoop.it
Nationally, home prices were up 5.9% annually to 194.1, yet another new high and an increase from June’s rise of 5.8%, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, which covers all nine U.S. census divisions.
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Calif - August pending home sales and Market Pulse Survey

Calif - August pending home sales and Market Pulse Survey | Real Estate Plus+ Daily News | Scoop.it
C.A.R.’s Market Velocity Index – home sales relative to the number of new listings coming on line each month to replenish that sold inventory, or market indicator of future price appreciation – indicates that home prices should continue to stay strong as home sales continue to outstrip new listings, putting upward pressure on home prices through the fall.
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Supply Squeeze Tightens Grip on Affordability in July

Supply Squeeze Tightens Grip on Affordability in July | Real Estate Plus+ Daily News | Scoop.it
“Existing homeowners' refusal to list their homes for sale over concerns about finding a home to buy is a critical driver of supply constraint.”
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Even This Data Guru Is Creeped Out By What Anonymous Location Data Reveals About Us

Even This Data Guru Is Creeped Out By What Anonymous Location Data Reveals About Us | Real Estate Plus+ Daily News | Scoop.it
And as a number of studies have shown, even when it’s “anonymous,” stripped of so-called personally identifiable information, geographic data can help create a detailed portrait of a person and, with enough ancillary data, identify them by name.
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Li'l electric bike pump pops into a pocket

Li'l electric bike pump pops into a pocket | Real Estate Plus+ Daily News | Scoop.it
One hour-long USB charge of its lithium-polymer battery is reportedly sufficient for getting two such tires up to 100 psi each (7 bar). The inflation process takes about 40 to 50 seconds per tire.
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2017 National Geographic Travel Photographer of the Year

2017 National Geographic Travel Photographer of the Year | Real Estate Plus+ Daily News | Scoop.it
See the winning photos from the 2017 National Geographic Travel Photographer of the Year. The power of nature. View Winners galleries.
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Apple added a must-have safety feature to your iPhone in iOS 11— here's how to set it up

Apple added a must-have safety feature to your iPhone in iOS 11— here's how to set it up | Real Estate Plus+ Daily News | Scoop.it
Here's how it works: When you turn on the Emergency SOS feature, the button on the right-hand side of your phone can quickly call emergency services — all you need to do is click the sleep/wake button rapidly five times. 
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August brings higher Illinois home prices, lower sales amid tight inventory

August brings higher Illinois home prices, lower sales amid tight inventory | Real Estate Plus+ Daily News | Scoop.it
Statewide home sales (including single-family homes and condominiums) in August 2017 totaled 16,196 homes sold, down 3.4 percent from 16,771 in August 2016.

The statewide median price in August was $200,456, up 5.0 percent from August 2016, when the median price was $191,000. The median is a typical market price where half the homes sold for more and half sold for less.
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First numbers: Mortgage delinquencies climb 16% in Hurricane Harvey-impacted areas

First numbers: Mortgage delinquencies climb 16% in Hurricane Harvey-impacted areas | Real Estate Plus+ Daily News | Scoop.it
Now the first numbers from Black Knight Financial Services are starting to roll in, and according to the report, the hurricane’s impact on mortgages will likely get worse.  

While delinquencies nationally remained relatively flat from July, the FEMA-declared disaster areas saw delinquencies jump 16%, from 5.37% before the storm, which made landfall on Aug. 25, to 6.22% by the end of August.
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5 Frank Lloyd Wright Homes You Can Buy Right Now

5 Frank Lloyd Wright Homes You Can Buy Right Now | Real Estate Plus+ Daily News | Scoop.it

It can be hard for homeowners to sell Frank Lloyd Wright houses, even if they are live-in works of art. Some prospective owners don't want to deal with pilgrims or rubberneckers, while others simply aren't fans of Wright's style, or his penchant for building in far-flung locations. The upside?........

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Woolworth Building’s Massive Seven-Floor Penthouse Lists for $110 Million

Woolworth Building’s Massive Seven-Floor Penthouse Lists for $110 Million | Real Estate Plus+ Daily News | Scoop.it
Now, the Wall Street Journal reports that its seven-floor penthouse, aptly named the “Pinnacle,” is hitting the market with a price tag of $110 million, making it the most expensive downtown sale ever (the current sales record stands at $50.9 million for the penthouse at Chelsea’s Walker Tower).
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MAD Architects proposes skyscraper that reflects Paris upside down

MAD Architects proposes skyscraper that reflects Paris upside down | Real Estate Plus+ Daily News | Scoop.it
The resulting effect flips the city upside-down, essentially creating a mirage of Paris that looks as if it is floating in the air. The concept fascinatingly engages directly with the visage of the Eiffel Tower, offering a compelling giant flipped reflection of the iconic structure.
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Ten-X: Housing inventory hovers more than 50% below prior peak

Ten-X: Housing inventory hovers more than 50% below prior peak | Real Estate Plus+ Daily News | Scoop.it
A strong labor market and low mortgage rates combined to push home buying demand up, even as low levels of housing inventory hold back progress in sales and increase home prices, according to Ten-X’s Quarterly Residential Market Report for fall 2017.
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New Home Sales Fall in August

New Home Sales Fall in August | Real Estate Plus+ Daily News | Scoop.it
Sales of new single-family houses in August fell 3.4% from July to a seasonally adjusted annual rate of 560,000, a 1.2% decline from August 2016, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.
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HOME Survey: Economic and Financial Outlook, Attitudes About Home Buying and Selling on the Rise

HOME Survey: Economic and Financial Outlook, Attitudes About Home Buying and Selling on the Rise | Real Estate Plus+ Daily News | Scoop.it
Existing-homes sales have retreated in four of the past five months, but new survey findings from the National Association of Realtors® indicate it is not because of a lack of confidence from consumers about buying and selling a home, or based on their views about the direction of the economy and their finances.
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RESNET Hits Record 2 Million HERS-Rated Homes

RESNET Hits Record 2 Million HERS-Rated Homes | Real Estate Plus+ Daily News | Scoop.it
The HERS Index is a measure of a home’s energy efficiency, similar to a miles per gallon calculation for cars. The energy rating standards, recognized by the DOE, EPA, and IRS, can provide homeowners and prospective buyers a breakdown of energy features as well as a reference point when comparing homes. The HERS Index also estimates the expected cost of utility bills.
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The carbon-positive home that costs $2.35 a year to power

The carbon-positive home that costs $2.35 a year to power | Real Estate Plus+ Daily News | Scoop.it
The stunning 10 Star Home was built with a zero-waste philosophy and was designed to positively exceed its carbon footprint over the lifespan of the home, anticipating savings of 203 kg (507 lb) of carbon emissions per occupant per year.
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Redfin Names 15 Colleges Where Students Should Buy Real Estate Instead of Rent Dorms

Redfin Names 15 Colleges Where Students Should Buy Real Estate Instead of Rent Dorms | Real Estate Plus+ Daily News | Scoop.it
At 47 public U.S. colleges it’s more cost effective for a student to buy a condo than rent a dorm room on campus, according to Redfin (www.redfin.com), the next-generation real estate brokerage. Dorm rooms in the U.S. range in cost from $232 to $1,817 per month, with a median monthly rate of $705.
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Freddie Mac: New home sales set to take over in 2018

Freddie Mac: New home sales set to take over in 2018 | Real Estate Plus+ Daily News | Scoop.it
Freddie Mac expects housing starts to increase to 1.33 million in 2018, up from 1.22 million in 2017. In fact, the GSE predicted that new home sales will continue to increase and become the primary driver of home sales next year.
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NAR - Existing-Home Sales Subside 1.7 Percent in August

NAR - Existing-Home Sales Subside 1.7 Percent in August | Real Estate Plus+ Daily News | Scoop.it
Total existing-home sales1, https://www.nar.realtor/topics/existing-home-sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, retreated 1.7 percent to a seasonally adjusted annual rate of 5.35 million in August from 5.44 million in July. Last month's sales pace is 0.2 percent above last August, and is the lowest since then.
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Fla.’s housing market continued positive track in Aug.

Fla.’s housing market continued positive track in Aug. | Real Estate Plus+ Daily News | Scoop.it
Florida's housing market continued its positive track in August, with more closed sales, increased pending sales, more new listings and rising median prices, according to the latest housing data released by Florida Realtors®. Sales of single-family homes statewide totaled 25,235 last month, up 0.9 percent compared to August 2016.
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Here’s what quantitative un-easing could mean for the housing market

Here’s what quantitative un-easing could mean for the housing market | Real Estate Plus+ Daily News | Scoop.it
This quantitative un-easing could have major consequences to the housing market as nearly 40% of the portfolio is made up of mortgage-backed securities that the Federal Reserve started buying in 2009, according to a blog from Mark Fleming, First American Financial Corp. chief economist.
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CoreLogic Reports 2.8 Million Residential Properties with a Mortgage Still in Negative Equity

CoreLogic Reports 2.8 Million Residential Properties with a Mortgage Still in Negative Equity | Real Estate Plus+ Daily News | Scoop.it
Additionally, homeowners gained an average of $12,987 in equity between Q2 2016 and Q2 2017. Western states led the equity increase with Washington homeowners gaining an average of approximately $40,000 in home equity and California homeowners gaining an average of approximately $30,000 in home equity (Figure 1). Home price increases in these states drove the equity gains.
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August National Showing Index Shows 7.1% Year-Over-Year Increase

August National Showing Index Shows 7.1% Year-Over-Year Increase | Real Estate Plus+ Daily News | Scoop.it
Showings on the national level increased 7.1 percent in August from the same period last year, according to the August 2017 ShowingTime Showing Index™.
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TRULIA: Starter Homebuyers Should Start House Hunting Now

TRULIA: Starter Homebuyers Should Start House Hunting Now | Real Estate Plus+ Daily News | Scoop.it
Regionally, the strongest season for starter homes in 70 of the top 100 housing markets is between October and December. That leads to listing prices that are about 4.8% and 3.1% lower in the winter and spring than in the summer, respectively.
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