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What did the Fed say that matters to the housing market?

What did the Fed say that matters to the housing market? | Real Estate Plus+ Daily News | Scoop.it
Tapering is likely to continue apace, and the Federal Reserve is throwing out its previous goal post of 6.5% unemployment in favor of an ill-defined mandate for continued quantitative guidance.
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Real Estate Related News Plus Miscellaneous Tech Stories and News of Interest
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REA Group Loans Director of Sale to Move in the US

REA Group Loans Director of Sale to Move in the US | Real Estate Plus+ Daily News | Scoop.it
he REA Group has announced the international secondment of Tom Ainsworth, realestate.com.au’s Director of Residential Sales to Move Inc in the US.  Tom will join Move as the Senior Vice President Go To Market and Sales, for two years commencing in September 2015.
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Women of Influence 2015

Women of Influence 2015 | Real Estate Plus+ Daily News | Scoop.it
he data on executives in banking and financial sectors reveals a striking lack of women in the C-suites. In 2014, only three women led major U.S. banks, while just 17.6% of Fortune 500 companies had female CEOs and only 11.4% had female CFOs.
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Congress passes mortgage reporting regulations in highway bill

Congress passes mortgage reporting regulations in highway bill | Real Estate Plus+ Daily News | Scoop.it
It would require banks and servicers to report the origination date of a mortgage, the property address for the collateral and outstanding balance of the loan at the beginning of the tax year.
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RealtyTrac: Share of seriously underwater foreclosures hits new low

RealtyTrac: Share of seriously underwater foreclosures hits new low | Real Estate Plus+ Daily News | Scoop.it
At the end of the second quarter there were 7,443,580 residential properties that were seriously underwater — where the combined loan amount secured by the property is at least 25% higher than the property’s estimated market value — representing 13.3% of all properties with a mortgage, according to the second quarter report from RealtyTrac.
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Nationstar Reports Second Quarter 2015 Financial Results

Nationstar Reports Second Quarter 2015 Financial Results | Real Estate Plus+ Daily News | Scoop.it
GAAP EPS of $0.69; Adjusted EPS of $0.32, up 28% QoQ

 


Servicing: Achieved 2.3 bps of profitability, up 1.6 bps QoQ; acquired $29B of servicing; $28B of outstanding commitments


Xome: Continued revenue growth; launched Xome.com website and mobile application


Originations: Delivered strong quarter of $59 million adjusted pretax income and funded $4.8 billion

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Google Translate Can Now Decipher Signs In 27 Languages

Google Translate Can Now Decipher Signs In 27 Languages | Real Estate Plus+ Daily News | Scoop.it
Google Translate’s real-time translation tool, first introduced in January, instantly transcribes a sign from a foreign language to your own when you point your phone camera at it—and now, the feature has expanded to cover 27 languages.
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Home Prices Continue to Rise Nationally; First Time Homebuyers Remain the Weak Spot: S&P/Case-Shiller | S&P Dow Jones Indices

Home Prices Continue to Rise Nationally; First Time Homebuyers Remain the Weak Spot: S&P/Case-Shiller | S&P Dow Jones Indices | Real Estate Plus+ Daily News | Scoop.it
Data released today for May 2015 show that home prices continued their rise across the country over the last 12 months.
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Quicken Loans adding 1,100 more employees in downtown Detroit

Quicken Loans adding 1,100 more employees in downtown Detroit | Real Estate Plus+ Daily News | Scoop.it
As part of its ongoing efforts to aid in the revitalization of downtown Detroit, Quicken Loans is set to add 1,100 new employees and expand into the former Detroit News building, according to a report from the Detroit News itself.
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Zaha Hadid's museum in the mountain opens for business

Zaha Hadid's museum in the mountain opens for business | Real Estate Plus+ Daily News | Scoop.it
Jutting out of the peak of Kronplatz mountain in Italy's South Tyrol region like a futuristic Bond baddie's lair, the Messner Mountain Museum Corones is classic Zaha Hadid with its curved concrete and striking glazing.
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47% of Homes Are Selling in Less Than a Month

47% of Homes Are Selling in Less Than a Month | Real Estate Plus+ Daily News | Scoop.it
Nationally, properties typically stayed on the market for 34 days in June, the shortest number of days since the National Association of REALTORS® began tracking in May 2011. Short sales spent the most time on the market with a median of 129 days,
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Carlton Holloway's curator insight, July 31, 1:36 PM

My homes sold average this year is 4 days, confirming insight.

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The two biggest challenges plaguing the appraisal industry

The two biggest challenges plaguing the appraisal industry | Real Estate Plus+ Daily News | Scoop.it
In an interview with HousingWire, Scott Pickell, vice president and chief appraiser at LRES, discussed recent hurdles appraisers are facing, focusing on compliance and new appraisers.
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Stagefright vulnerability lets criminals send malware by text

Stagefright vulnerability lets criminals send malware by text | Real Estate Plus+ Daily News | Scoop.it
Vulnerabilities in Android's "Stagefright" code allows criminals to send malware via text, and infect the user even if they didn't open the message
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Ten $10 million cars head for Pebble Beach

Ten $10 million cars head for Pebble Beach | Real Estate Plus+ Daily News | Scoop.it
Only 18 cars have ever sold at auction for more than US$10 million, and 11 of them have sold during the Monterey Car Week auctions surrounding the Pebble Beach Concours d’Elegance in mid-August each year. A few weeks from now, that number will likely rise dramatically as there are 10 cars going to auction over the three day Monterey auction period that are estimated to surpass the $10 million barrier
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REDPLAN™ Announces New Board Members

REDPLAN™ Announces New Board Members | Real Estate Plus+ Daily News | Scoop.it
REDPLAN™, Inc., the real estate information industry data protection association, announced today that two more industry leaders have joined its Board of Directors: Chris Galler, Chief Executive Officer of the Minnesota Association of REALTORS®, and Victor Lund, founding partner of WAV Group and CEO of RE Technology.
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Cloud MLX - Lightning strikes twice

Cloud MLX  - Lightning strikes twice | Real Estate Plus+ Daily News | Scoop.it
Cloud MLX is an alternative front end to the MLS. Like all our “Cloud” products it will serve as a complement to existing MLS systems.
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Inventory Down Year-Over-Year for Fifth Straight Month, Offering Home Shoppers Little Relief

Inventory Down Year-Over-Year for Fifth Straight Month, Offering Home Shoppers Little Relief | Real Estate Plus+ Daily News | Scoop.it
There were fewer homes for sale in June than there were a year ago, increasing competition for potential buyers this home shopping season. Most of these declines were among the lowest-valued homes sought by first-time homebuyers, according to the first quarter Zillow® Real Estate Market Reportsi.
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Servicer focus on mortgage delinquencies severely impacts current borrowers

Servicer focus on mortgage delinquencies severely impacts current borrowers | Real Estate Plus+ Daily News | Scoop.it
Despite the percentage of loans in delinquency dropping to less than 5% of all loans in June, mortgage servicers are still paying an inordinate amount of attention to delinquent borrowers, severely impacting the servicers’ overall customer experience, a new report from J.D. Power shows.
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CoStar Increases Revenues by 16% Year on Year

CoStar Increases Revenues by 16% Year on Year | Real Estate Plus+ Daily News | Scoop.it
The CoStar Group has announced revenue for the second quarter of 2015 was $170.7 million, an increase of approximately 16% over revenue of $147.7 million for the second quarter of 2014.
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Black Knight Financial Services Reports Second Quarter 2015 Financial Results

Black Knight Financial Services Reports Second Quarter 2015 Financial Results | Real Estate Plus+ Daily News | Scoop.it
GAAP revenues for the second quarter of 2015 increased 8% to $232.1 million from $214.3 million in the prior year quarter. GAAP net earnings from continuing operations were $7.9 million compared to a loss of $24.6 million in the prior year quarter. The results for the second quarter of 2015 include $15.7 million of costs primarily associated with Black Knight's initial public offering, the refinancing and a charge resulting from the vesting of certain equity-based awards in connection with the initial public offering.
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A 2004 email from Jeff Bezos explains why PowerPoint presentations aren't allowed at Amazon

A 2004 email from Jeff Bezos explains why PowerPoint presentations aren't allowed at Amazon | Real Estate Plus+ Daily News | Scoop.it
Anytime an Amazon worker has an idea to discuss, they're asked to structure their pitch in the form of a four-to-six-page memo, which the company calls a "narrative."
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Pending Home Sales Dip in June

Pending Home Sales Dip in June | Real Estate Plus+ Daily News | Scoop.it
The Pending Home Sales Index,* a forward-looking indicator based on contract signings, fell 1.8 percent to 110.3 in June but is still 8.2 percent above June 2014 (101.9). Despite last month's decline, the index is the third highest reading of 2015 and has now increased year-over-year for ten consecutive months.
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This Big White Button Mutes Your Life So You Can Get Work Done

This Big White Button Mutes Your Life So You Can Get Work Done | Real Estate Plus+ Daily News | Scoop.it
Email. Twitter. Slack. Work. Email. Twitter. Slack. Work. Repeat for 10 hours, maybe throw in a few Facebooks and a sad desk salad, and you’ve just diagrammed the modern distracted workflow.
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C.A.R. Opposes Tax on Home Buyers in Senate Bill

C.A.R. Opposes Tax on Home Buyers in Senate Bill | Real Estate Plus+ Daily News | Scoop.it
The CALIFORNIA ASSOCIATION OF REALTORS® is opposing a provision in the highway bill now being considered by the U.S. Senate that taxes home buyers by increasing the fees Fannie Mae and Freddie Mac charge on their loans.
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14 of the best beach houses by contemporary architects

14 of the best beach houses by contemporary architects | Real Estate Plus+ Daily News | Scoop.it
Beach houses have long been associated with traditional clapboard architecture – but architects are reinventing the vernacular, swapping roofs for swimming pools and introducing dramatic cantilevers. Here are 14 of the best contemporary examples from the pages of Dezeen.
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Homeownership rate drops to 48-year low

Homeownership rate drops to 48-year low | Real Estate Plus+ Daily News | Scoop.it
The homeownership rate in the United States in the second quarter declined to 63.4%, the lowest it has been since 1967, according to data from the Department of Commerce’s Census Bureau.
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