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Tag Archives: Processing

First-Time Unemployment Claims Creep Up

Unemployment

The Department of Labor reported Thursday that advance initial unemployment figures for the week ending July 20 totaled 343,000, an increase of 7,000 over the previous week's revised tally. The four-week moving average for first-time claims was 345,250, a decline of 1,250 from the prior week.

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U.S. Home Value Appreciation Picks Up Speed in Q2

According to Zillow's second-quarter Real Estate Market Reports, the U.S. Zillow Home Value Index (HVI) rose to $161,100 as of the end of June--up 2.4 percent quarter-over-quarter and 5.8 percent year-over-year. The second quarter's increase was the largest annual gain since August 2006 and the largest quarterly gain since the fourth quarter of 2005--as well as the second-largest quarterly gain since 2004. Over the next 12 months, Zillow forecasts an additional 5 percent increase in home values.

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DocuTech, LendingQB Form Strategic Alliance

LendingQB, a provider of end-to-end loan origination software (LOS), and DocuTech, a provider of enterprise-class compliant document preparation software, announces a partnership to integrate their platforms.

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Summer Starts with Mixed Numbers

According to data reported by Redfin agents operating in 19 U.S. markets, June sales were down 4.7 percent compared to May, though they were still 2.7 percent up year-over-year. Home prices, on the other hand, continued to climb, coming in 4.3 percent higher than May and 18.7 percent higher year-over-year. Every one of the markets tracked in Redfin's report saw prices rise both on a monthly and yearly basis. Inventory also posted another solid gain in June, rising 2.4 percent month-over-month.

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Home Price Boost Sends Sales Down in June

Existing-home sales fell 1.2 percent in June to an annual sales rate of 5.08 million as the price of a single-family home rose 13.5 percent from a year earlier--the strongest year-over-year gain since November 2005, the National Association of Realtors (NAR) reported Monday. The drop in sales came despite an increase in April in NAR├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós Pending Home Sales Index, which tracks contracts for existing single-family homes. The index rose in April to 105.7 from 104.1 in March and fell in May.

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