Realogy Holdings Corp. (RLGY), the largest full-service residential real estate services company in the United States, today announced the appointment of John Peyton to the newly created role of president and chief operating officer (COO) for its subsidiary, Realogy Franchise Group (RFG).
The S&P CoreLogic Case-Shiller Indices came out today, showing yet another increase in home prices in July at a slightly faster rate than June. In fact, this increase was just 0.6% short of the record high set in July 2006.
The industry’s reaction compared this increase to the recent increase in household income. All seem to agree that while home prices are increasing, the recent rise in income, which rose at a faster rate than home prices, could eventually ease the affordability problems with homeownership.
Consumer confidence hit its highest level in nine years, right about when the last recession began, according to the Consumer Confidence Survey conducted by The Conference Board by Nielsen, a provider of information and analytics around what consumers buy and watch.
Consumer confidence increased in September to 104.1, up from 101.8 in August. The Present Situation Index increased from 125.3 to 128.5 and the Expectations Index both increased from 86.1 to 87.8.
Statewide pending home sales rose in August on a seasonally adjusted annualized basis, with the Pending Home Sales Index (PHSI)* increasing 6.4 percent from 113.9 in August 2015 to 121.3 in August 2016, based on signed contracts. The year-over-year increase was the fifth consecutive positive annual improvement and the largest in 2016. Despite the improvement, overall market conditions appear to be slowing down and closed transactions plateauing.
Tight inventory finally caught up with existing home sales in July with sales falling 3.2 percent after meeting or beating expectations for much of the spring. The August home sales forecast predicts a slight recovery in existing home sales, only bringing them back in line with the range that has prevailed since March.
One ability that changes as we age is our brain's ability to categorize the information streaming in. This is essential, because it helps us to avoid doing things like eating poison berries. Categorization learning is largely visual, but also relies on attention. When we are young, we find it easy to add new things to our internal categories. However, as we age, this ability slows down.
After rising, falling, and rising again in the wake of the implementation of the Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosure rule, the time to close a mortgage loan appears to finally be settling into a new normal – about a month and a half.
Early on, the average time to close a loan increased from 46 days in October 2015, when TRID took effect, to as high as 50 days in January of this year.
Lower demand equates to lower price, and lower land development costs in these hidden gems could allow builders to more easily produce affordable entry-level homes that are in short supply. And while these markets may be under the radar now, affordable prices and small town charm could put them on the map for people nearby looking for a weekend getaway, or Snowbirds that are lured to mild winter weather and lower living costs.
As indicated by an earlier report, Yahoo today confirmed it’s working with law enforcement to investigate a data breach which affected the account information of “at least” 500 million users. The company says that the user account information was stolen from its network in late 2014 by what it now believes to be a state-sponsored actor.
The company's new Tunable White LED strip lighting brings the beauty of the rising and setting sun into a home, controlled by the turn of a dial. Homeowners can create a wide range of moods within a room at the touch of a button—from bright, cheerful 4K (which mimics full daylight) to warm, cozy 2K (which resembles the warm tones of sunrise and sunset), the firm says. This technology gives consumers total lighting control over their interior environment to achieve a range of lighting scenes, from twilight in the middle of the afternoon to bright midday sun a midnight.
Five years after acquiring online real estate marketing startup Diverse Solutions, Zillow Group today sold the company to Market Leader.
Market Leader, a subsidiary of Constellation Software Inc., is a 17-year old company based in Bellevue, Wash. that provides sales and marketing tools to more than 200,000 agents, brokerages, and franchises across the U.S. and Canada. It started in 1999 as HouseValues.
On Tuesday, Google announced a new system called Google Neural Machine Translation (GNMT) that works on whole sentences and improves accuracy about 60% on average over the old phrase-based machine translation (PBMT), including on notoriously difficult Chinese-to-English translations.
According to Emma, (@myemma.com) a provider of email marketing software and services, in a new eMail study, you don’t have to be a neuroscientist to do genius email marketing, but it certainly helps, says the report. The report shows how top brands are using the secrets of the human mind to design and write email (consumers) can’t resist.
Home prices continued their increasing trends continued to increase in July, but at a slower rate than before, according to the most recent report by S&P CoreLogic Case-Shiller Indices released by S&P Dow Jones Indices and CoreLogic.
“The S&P CoreLogic Case-Shiller National Index is within 0.6% of the record high set in July 2006,” said David Blitzer, S&P Dow Jones Indices managing director and chairman of the Index Committee. “Seven of the 20 cities have already set new record highs.”
Total existing-home sales1, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, declined 0.9 percent to a seasonally adjusted annual rate of 5.33 million in August from a downwardly revised 5.38 million in July. After last month's decline, sales are at their second-lowest pace of 2016, but are still slightly higher (0.8 percent) than a year ago (5.29 million).
New single-family home sales dropped in August from an unusually-high number of sales in July, but still recorded an increase from last year.
Sales of new single-family houses in August decreased 7.6% monthly to a seasonally adjusted annual rate of 609,000, according to a report from the U.S. Census Bureau and the Department of Housing and Urban Development. This is still, however, 20.6% above last year’s estimate of 505,000.
This weekend marked the official launch of Fannie Mae’s Desktop Underwriter Version 10.0, implementing the long-awaited use of trended credit, a change that could open up the credit box to potential borrowers previously unable to get a mortgage due to their credit history.
“Desktop Underwriter transformed the industry when it was introduced over twenty years ago,” said Marianne Sullivan, senior vice president of single-family business capabilities with Fannie Mae.
The dorms, which are modular and made of low-cost shipping containers, are less grungy than you might expect. They each include a bedroom, bathroom, and kitchen, which are all private. There are also common spaces — a courtyard, kayak landing, bathing platform, barbecue area, and roof terrace.
Eisman reminded the packed ballroom how, in his opinion, greed, leverage and porous underwriting standards led to the mortgage meltdown. The reaction to this crisis, he said, has led to a new paradigm in mortgage lending, which currently may be too restrictive in terms of underwriting and may take up to 10 years to “workout the kinks.”
Move, Inc., a subsidiary of News Corp [NASDAQ: NWS, NWSA] [ASX: NWS, NWSLV] and operator of leading online real estate services destination realtor.com®, today announced that David Phillips will join the company this fall as vice president, industry relations, national.
Among the highlights of the report: -- Monthly prepayment rate (historically a good indicator of refinance activity) increased by 32% month-over-month. -- August's prepayment rate of 1.67% is the highest Single Month Mortality (SMM) rate in over three years. -- Delinquencies fully recovered from July's spike, falling 6% (-135,000) from one month ago. -- Inventory of loans in foreclosure has now declined for 19 consecutive months and in 51 of the past 52 months.
“Michael brings an impressive list of accomplishments to his role as president of First Team Real Estate, in addition to a number of unique characteristics that render him particularly well suited to lead the organization,” states Cameron Merage, First Team’s CEO and founder.
Sharing your scoops to your social media accounts is a must to distribute your curated content. Not only will it drive traffic and leads through your content, but it will help show your expertise with your followers.
How to integrate my topics' content to my website?
Integrating your curated content to your website or blog will allow you to increase your website visitors’ engagement, boost SEO and acquire new visitors. By redirecting your social media traffic to your website, Scoop.it will also help you generate more qualified traffic and leads from your curation work.
Distributing your curated content through a newsletter is a great way to nurture and engage your email subscribers will developing your traffic and visibility.
Creating engaging newsletters with your curated content is really easy.