Redfin reported a 2.2 percent increase in the number of homes sold in October compared to the same month last year, making it the first month to see a significant yearly increase in home sales so far in 2014. Redfin's data reinforces recent findings from the National Association of Realtors, which estimated October home sales at an adjusted annual rate of 5.26 million, an increase of 2.5 percent from last year.
Read More »GDP Growth Revised to 3.9% for Q3
According to a second estimate from the Commerce Department, GDP grew at an annualized rate of 3.9 percent in July, August, and September, down slightly from the second quarter's growth rate of 4.6 percent and up from the first quarter's 2.1 percent downturn.
Read More »LRES DirectConnect Integrates with RealEC Technologies Platform
LRES, a valuation and asset management solutions provider headquartered in California, has successfully connected its DirectConnect integration hub with Exchange, an electronic provider network offered by Black Knight Financial Services' RealEC Technologies division.
Read More »Home Price Gains Decelerate for Another Month
The S&P/Case-Shiller Home Price Indices grew 4.8 percent annually at the national level in September, according to the latest update from S&P Dow Jones Indices. September's growth rate compares to a gain of 5.1 percent in August.
Read More »FHFA: Loan Limits to Remain Unchanged for 2015
In an release, FHFA announced that the maximum limit for mortgages acquired by Fannie Mae and Freddie Mac will stay at $417,000 for single-unit properties in most of the country, with a maximum of $625,500 for certain high-cost areas. Forty-six counties will see an increase based on their own local conditions.
Read More »Mortgage Risk Levels Remain Elevated in October
The American Enterprise Institute's (AEI) National Mortgage Risk Index for home purchase loans stood at 11.4 percent in October, little changed from the previous three-month average but nearly 1 percentage point above its year-ago level, the group said Monday.
Read More »Existing-Home Sales Expected to Flatten in November
The latest Nowcast report, powered by Google data and released Monday by Auction.com, projects existing-home sales for November will fall between seasonally adjusted annual rates of 5.05 million and 5.46 million units, with a targeted number of 5.25 million sales.
Read More »October Construction Slips After Strong September
Dodge Data & Analytics reported a 4 percent drop in the value of new construction starts last month, estimating groundbreaking at a seasonally adjusted annual rate of $589.8 billion. The decline followed a 10 percent increase in September, which was the strongest month for total construction starts so far this year.
Read More »Home Prices Hit Wall in September
Based on transaction data throughout the month, Black Knight Financial Services' Home Price Index (HPI) recorded a 0.01 percent month-over-month decline, keeping it nearly flat at $241,000. The drop follows meager increases of 0.2 percent and 0.1 percent in July and August, respectively.
Read More »Solutionstar Names EVP for Servicing Solutions
In a recent company announcement, Nationstar subsidiary Solutionstar named Chad Neel as its EVP of servicing solutions.
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