With its largest quarter-over-quarter drop since the credit crisis began, shadow inventory fell from 3.28 million loans in the first quarter of 2013 to 2.99 million in the second quarter, a 35% drop on an annualized basis.
As part of its second-quarter earnings announcement today, local transportation and delivery giant Uber announced its biggest bet on autonomous vehicles yet, saying it would purchase 2,500 driverless cars from Google. In addition, the two companies have agreed to a deal in which Uber will share data from its local transportation services with Google, which will use it to further improve its own autonomous car-routing algorithms.
Uber is a car service that sends a driver to a user on demand when he or she pings a mobile app. Investors think the business is worth a lot of money — $3.4 billion to be exact. That's up from a $330 million valuation in November 2011.
SEATTLE (Reuters) - Microsoft Corp takes on Google's Motorola Mobility unit this week in the second of two landmark trials between the companies that delve into hot disputes over the patents behind smartphone...
Lender Processing Services, Inc. (LPS), a leading provider of integrated technology, services, data and analytics to the mortgage and real estate industries, reports the following "first look" at July 2013 month-end mortgage performance statistics derived from its loan-level database representing approximately 70 percent of the overall market.
The general National Pollutant Discharge Elimination System (NPDES) is a permit program that regulates point sources that discharge into waters of the United States. The Illinois Environmental Protection Agency issued its finalized General NPDES Permit for storm water discharges from construction site activities on July 30, 2013 (ILR10).
July was a very strong month for residential new construction. Not only were building permits up 2.7 percent from June to July, but housing starts and housing completions also posted monthly increases of 5.9 and 1.8 percent, respectively. Overall, residential construction is up 23 percent from last year, and has risen 45 percent since bottoming in 2009.
National vacancy rates over the coming year are forecast to decline 0.2 percentage point in the office market, 0.6 point in industrial, and 0.6 point for retail; however, the average multifamily vacancy rate is unlikely to change, with that sector continuing to experience the tightest availability and biggest rent increases.
“If we don’t need it, we don’t buy it,” said Burke, a 33- year-old mother from Abington, Massachusetts, whose two kids are mostly making do with hand-me-downs. “The money can be spent on our home. The more valuable our home is, the better it is for us in the long run.”
The surge in home prices over the past year may have some home buyers wondering if the market has gotten ahead of itself. Rising interest rates aside, housing prices in most parts of the country appear to have plenty of room to move higher if the wider economic recovery remains intact.
Famous architect, Frank Lloyd Wright, designed over 100 homes located in the Chicagoland area, and they’re well-known for their historical significance and character. However, even though the homes are admired throughout the area, sellers who have rehabbed those homes are seeing that it is very difficult to sell some of them.
As the White House and federal regulators work to crack down on so-called patent trolls, one company that’s found success relying on a business model of licensing patents is building a new in-house lobbying team in Washington.
Intellectual Ventures, a privately owned company based in Bellevue, Wash., has tapped telecom lobbyist Russell Merbeth, former vice president of government affairs at wireless giant Cricket Communications, to build its first office in D.C.
As a lobbyist in New York's statehouse, Stephen Acquario is doing pretty well. He pulls down $204,000 a year, more than the governor makes, gets a Ford Explorer as his company car and is afforded another special perk:
Onboard Informatics, a provider of location-based information to real estate firms like Century 21 Real Estate and Redfin, has launched a program to provide discounts and free consulting to select startups who could use the firm’s data to grow their business.
Just last month, Craig Hogan, director of Coldwell Banker Previews, signed a contract with Prism Development, the developer of the Ritz-Carlton Residences, for Coldwell Banker Previews to be the property’s exclusive listing broker. Although the condo development had been exclusively sold by a previous brokerage since its groundbreaking in 2009, Prism Development was ready to make a change...
In the words of founder Buzz Ruttenberg, asking himself a simple question – “what is the right thing to do?” – has led his company, residential developer Belgravia Group, to a legacy of success, quality construction and lasting customer satisfaction. And in the company’s latest venture, Ruttenberg believes it is the right thing to expand Belgravia’s services beyond the homes they build to the larger Chicago market.
Over the past year, we have seen the amount of relief and number of borrowers it helped steadily increase. As the banks begin to reach their total consumer relief obligations, I am encouraged to see how the Settlement has had a measurable impact on hundreds of thousands of borrowers and their communities across the nation.
The news comes after months of rumbling on Wall Street that Microsoft stock, under Ballmer, has underperformed. Earlier this week Nomura Securities analyst Rick Sherlund pretty much predicted that the specter of activisim sparked by ValueAct could force major changes at the top.
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