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Target: Data breach may have affected 40 million credit, debit cards

Target: Data breach may have affected 40 million credit, debit cards | Real Estate Plus+ Daily News | Scoop.it

The retailer said accounts of customers who made purchases using their cards at its U.S. stores between Nov. 27 and Dec. 15 may have been exposed. The stolen data includes customer names, credit and debit card numbers, card expiration dates and the three-digit security codes located on the backs of cards.

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First quarter GDP shows sharp slowdown in economic growth

First quarter GDP shows sharp slowdown in economic growth | Real Estate Plus+ Daily News | Scoop.it
Real gross domestic product showed a disappointing increase in the first quarter with the worst growth in three years, according to the advance estimate released by the Bureau of Economic Analysis.

Real GDP increased 0.7% in the first quarter, compared to the fourth quarter’s increase of 2.1%, according to the estimate.
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How Rising Rates Affect Mortgage Affordability

How Rising Rates Affect Mortgage Affordability | Real Estate Plus+ Daily News | Scoop.it
If rates rise to 5 percent (which some estimates suggest could happen within the next year) and homes continue to gain value as expected, the share of income spent on a typical U.S. mortgage will jump to 17.9 percent. At 6 percent interest, the share becomes 20 percent. And at 7 percent interest, it becomes 22.2 percent.
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Trump picks Pam Patenaude to serve as HUD deputy secretary

Trump picks Pam Patenaude to serve as HUD deputy secretary | Real Estate Plus+ Daily News | Scoop.it
HousingWire Woman of Influence Pam Patenaude was originally shortlisted to serve as the Secretary of the Department of Housing and Urban Development. That position ended up going to Ben Carson, as HousingWire first reported.

Now in another HousingWire first, President Donald Trump plans to install Patenaude in the true position of power at HUD – deputy secretary.
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Existing Home Sales Decrease Slightly In April As Prices Continue To Rise

Existing Home Sales Decrease Slightly In April As Prices Continue To Rise | Real Estate Plus+ Daily News | Scoop.it
Ten-X Residential Nowcast Model Projects April Existing Home Sales of 5.66 Million Units (SAAR) and a Median Sales Price of $242,158
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NAR - Pending Home Sales Dip 0.8% in March

NAR - Pending Home Sales Dip 0.8% in March | Real Estate Plus+ Daily News | Scoop.it
The Pending Home Sales Index,* www.nar.realtor/topics/pending-home-sales, a forward-looking indicator based on contract signings, declined 0.8 percent to 111.4 in March from 112.3 in February. Despite last month's decrease, the index is 0.8 percent above a year ago.
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Boomers are poised to change the housing market

Boomers are poised to change the housing market | Real Estate Plus+ Daily News | Scoop.it
the number of Americans over 80 will double, from 6 million to 12 million, in the next two decades. And by 2035, one out of three U.S. households will be headed by someone over 65. That’s 79 million Americans, or slightly less than the population of Turkey.
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Starbucks announces big Reserve Roastery on Michigan Avenue

Starbucks announces big Reserve Roastery on Michigan Avenue | Real Estate Plus+ Daily News | Scoop.it
The 43,000-square-foot Reserve Roastery, which will replace a Crate & Barrel retail store, will roast, brew and package its rare, small-batch Starbucks Reserve coffees that are sold at select Starbucks cafes throughout the country, including several in Chicago.
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How to Secure Your Online Accounts By Revoking Access From Third-Party Apps

How to Secure Your Online Accounts By Revoking Access From Third-Party Apps | Real Estate Plus+ Daily News | Scoop.it
A lot of web apps these days request access to another account. Sometimes that’s because they’re adding something to that service, other times it’s simply because of a service called OAuth, which grants an app access to an account using a token.
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New home sales unexpectedly spike to 8-month high

New home sales unexpectedly spike to 8-month high | Real Estate Plus+ Daily News | Scoop.it

Single-family home sales increased 5.8 percent to a 621,000 annualized pace (median forecast called for a 584,000 rate)
The median sale price of a new house rose 1.2 percent from March 2016 to $315,100


Supply of homes shrank to 5.2 months from 5.4 months; there were 268,000 new houses on the market at the end of March

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Case-Shiller: Home prices hit fourth consecutive all-time high

Case-Shiller: Home prices hit fourth consecutive all-time high | Real Estate Plus+ Daily News | Scoop.it
The S&P CoreLogic Case-Shiller Indices, a national measure of U.S. home prices, increased both month-over-month and year-over-year in February. The National Home Price NSA Index, which covers all nine U.S. census divisions, increased by 5.8% in February, up from last month’s 5.6% increase.
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What’s Behind the Surge in Real House Prices?

What’s Behind the Surge in Real House Prices? | Real Estate Plus+ Daily News | Scoop.it
Real, purchasing-power adjusted house prices increased 11 percent in February compared to a year ago. The lack of homes listed for sale is causing unadjusted house price growth to remain strong. Additionally, increasing interest rates are reducing consumer purchasing power. The result is a substantial year-over-year increase in the real price of homes,” said Mark Fleming, chief economist at First American.
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NAR - Existing-Home Sales Jumped 4.4% in March

NAR - Existing-Home Sales Jumped 4.4% in March | Real Estate Plus+ Daily News | Scoop.it
Total existing-home sales 1, https://www.nar.realtor/topics/existing-home-sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, ascended 4.4 percent to a seasonally adjusted annual rate of 5.71 million in March from a downwardly revised 5.47 million in February. March's sales pace is 5.9 percent above a year ago and surpasses January as the strongest month of sales since February 2007 (5.79 million).
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Black Knight’s First Look at March 2017 Mortgage Data: Delinquency Rate Drops to 11-Year Low; Prepayments Up 20 Percent from February’s Three-Year Low

Black Knight’s First Look at March 2017 Mortgage Data: Delinquency Rate Drops to 11-Year Low; Prepayments Up 20 Percent from February’s Three-Year Low | Real Estate Plus+ Daily News | Scoop.it
Delinquencies declined 14 percent month-over-month, hitting their lowest level since March 2006 and the fourth lowest point since the turn of the century
Total non-current inventory – all loans 30 days or more past due or in active foreclosure – fell below 2.3 million, the lowest volume in 11 years
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Without Spending More, Some Renters Could Likely Afford to Buy Above-Average Homes

Without Spending More, Some Renters Could Likely Afford to Buy Above-Average Homes | Real Estate Plus+ Daily News | Scoop.it
let’s focus on the monthly expenses of owning a home: It turns out that renters currently paying the median rent in many markets could afford to buy a higher-quality property than the typical (read: median–valued) home without increasing their monthly expenses.
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Are Home Buyers From China Competing With Americans? 

Are Home Buyers From China Competing With Americans?  | Real Estate Plus+ Daily News | Scoop.it

Chinese buyers shop for higher-priced American homes, on average, than U.S. buyers.


Almost a third of Chinese home shoppers on Zillow focus on six expensive coastal markets: San Jose, San Francisco, Seattle, Los Angeles, San Diego and Boston.


In the U.S. markets that are most popular for Chinese home shoppers, there is a wider gap in the price tier that U.S. versus Chinese home shoppers are targeting.

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Does a Strong Sellers’ Market Mean Increased Loan Defect Risk?

Does a Strong Sellers’ Market Mean Increased Loan Defect Risk? | Real Estate Plus+ Daily News | Scoop.it
We are experiencing one of the strongest sellers’ markets in recent memory and the ‘speed-buying’ that is required for home buyers to make an offer and win a bid for homes they like may be contributing to the increase in defect, misrepre
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Remembering Margery Shinners

Remembering Margery Shinners | Real Estate Plus+ Daily News | Scoop.it
On Tuesday, April 25, 2017, Mainstreet Organization of REALTORS® CEO Margery Shinners passed away unexpectedly, according to MORe.
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Homeownership in the Crosshairs of Latest Tax Plan, Say Realtors®

Homeownership in the Crosshairs of Latest Tax Plan, Say Realtors® | Real Estate Plus+ Daily News | Scoop.it
By doubling the standard deduction and repealing the state and local tax deduction, the plan would effectively nullify the current tax benefits of owning a home for the vast majority of tax filers. In light of the plan’s release, Brown issued the following statement:
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Redfin Housing Demand Index Drops Amid Lower-Than-Expected Buyer Activity in March

Redfin Housing Demand Index Drops Amid Lower-Than-Expected Buyer Activity in March | Real Estate Plus+ Daily News | Scoop.it
The Redfin Housing Demand Index decreased 13.9 percent from February, to a seasonally adjusted level of 108 in March. While homebuyer demand has cooled from its record high of 132 in January, this was still the strongest March since 2013, when the Demand Index registered just one point higher at 109.
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Calif - March pending home sales and Market Pulse Survey

Calif - March pending home sales and Market Pulse Survey | Real Estate Plus+ Daily News | Scoop.it
Based on signed contracts, statewide pending home sales decreased for the third straight month in March on a seasonally adjusted basis, with the Pending Home Sales Index (PHSI)* declining 4.5 percent from 112.5 in March 2016 to 107.4 in March 2017. On a monthly basis, California pending home sales dipped 2.9 percent from the February index of 110.6. 
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Trump slaps 20% tariff on Canadian softwood

Trump slaps 20% tariff on Canadian softwood | Real Estate Plus+ Daily News | Scoop.it
The Commerce Department later announced it had reached a preliminary determination and would impose countervailing duties ranging from 3 percent to 24 percent on imported softwood lumber, with an average of about 20 percent.

One person in the room said Trump threatened that dairy could be next.
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Greenery-filled concrete house keeps owners naturally cool

Greenery-filled concrete house keeps owners naturally cool | Real Estate Plus+ Daily News | Scoop.it
This concrete house, by Vietnam's Vo Trong Nghia Architects, keeps three generations of the same family naturally cool in tropical Ho Chi Minh City using clever passive design. Dubbed Binh House, it's part of the firm's House for Trees series, which aims to create oases of green in inner-city Vietnam.
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Here are our 100 best photos from Coachella 2017

Here are our 100 best photos from Coachella 2017 | Real Estate Plus+ Daily News | Scoop.it
Relive the 2017 Coachella Valley Music and Arts Festival, from the art installations to Kendrick Lamar.
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RE/MAX and HouseCanary announce strategic alliance

RE/MAX and HouseCanary announce strategic alliance | Real Estate Plus+ Daily News | Scoop.it
RE/MAX, LLC, one of the world's leading franchisors of real estate brokerage services, and HouseCanary, the leading modern data analytics company for real estate professionals, announced today their collaboration that aims to make RE/MAX agents more productive than ever.
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Illinois housing market swings into spring with jump in home sales, prices

Illinois housing market swings into spring with jump in home sales, prices | Real Estate Plus+ Daily News | Scoop.it
Statewide home sales (including single-family homes and condominiums) in March 2017 totaled 13,274 homes sold, up 9.6 percent from 12,116 in March 2016.
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