May 19, 2016

Aston Villa sold to Chinese businessman

Chinese buy into global soccer empire A Chinese businessman is buying up a storied English soccer team that’s fallen on hard times. Tony Jiantong Xia’s Recon Group is taking control of Aston Villa, a 140-year-old club, from American tycoon Randy Lerner, the former owner of the NFL’s Cleveland Browns. It’s the latest high-profile move by […]

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May 19, 2016

Strong housing market helps reduce lingering foreclosure inventory

A little less than 20k residential properties in the foreclosure process lie vacant (zombies), representing 4.7% of all foreclosures, according to the Q2 2016 U.S. Residential Property Vacancy and Zombie Foreclosure Report by housing data provider RealtyTrac. Currently, 19,187 properties are undergoing zombie foreclosures, a decrease of 3.1% from last month. RealtyTrac finds these numbers by […]

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May 18, 2016

Why are both sides happy about latest ruling in Move/Zillow battle?

As HousingWire (and others) reported earlier Wednesday, a Washington state judge handed down a ruling in the pre-trial proceedings of the legal battle between Move and Zillow over the alleged theft of trade secrets. Both sides claimed that they’re happy with the judge’s ruling. But why? So, here’s a quick summary of the lawsuit that’s […]

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May 18, 2016

Judge hands Zillow latest victory in Move lawsuit

Real estate listing behemoths Move and Zillow both say they are happy with the latest ruling from a King County Superior Court (statements below). Both are currently locked in a lengthy and expensive (multi-billion-dollar) court battle over executive personnel and trade secrets.  According to a ruling from the honorable judge Sean P. O’ Donnell in […]

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May 18, 2016

There's no consensus on GSE reform, but there is this

“There’s no crisis.” “There’s no deadline.” “There’s no consensus on reform.” The three quick snippets from Paul Miller, managing director and head of financial services/real estate research with FBR Capital Markets & Company, sum up the constant conversations surrounding GSE reform at the Mortgage Bankers Association’s Secondary conference in New York City. After attending a […]

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May 18, 2016

The 'perfect storm' blocking your business this spring-buying season

What’s presumed to be the hottest buying season of the year isn’t shaping up to that this year due to a flurry of factors that are growing into the “perfect storm” to hinder housing, explained Kevin Golden, director of analytics with a la mode, at the Mortgage Bankers Association’s Secondary conference in New York City. “There’s no […]

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May 18, 2016

Housing experts fear impact of Trump, Sanders presidency

Come November, some percentage of the U.S. population will choose the next president of this country. Who wins the election is still a big mystery and what happens after that is an even larger mystery. Regardless of who wins, whether its presumptive Republican nominee Donald Trump, former Secretary of State Hillary Clinton, or Sen. Bernie […]

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May 17, 2016

Top 10 fastest moving housing markets

In some markets it seems like houses just can’t stay on the market long enough to give valid buyers a chance. In places where homes can go on the market and go into contract during the same weekend, borrowers and lenders need to be prepared. NerdWallet, a company dedicated to giving consumers information about personal […]

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May 17, 2016

Fannie Mae: Economic growth weak, but housing is improving

The major economic indicators disappointed in the first quarter, and will lead to a weaker than expected performance for the country’s economy this year, economists at Fannie Mae said in a new report. Fannie Mae’s Economic & Strategic Research Group unveiled its May 2016 Economic Outlook, and the report suggests that the economy should improve […]

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May 17, 2016

Home Depot stocking up for remodeling wave?

The world’s largest home improvement retailer, Home Depot, today reported sales of $22.8 billion for the first quarter of fiscal 2016, a 9% increase from the first quarter of fiscal 2015. Online sales are also up by more than 20%. Net earnings reached $1.8 billion — a 14% increase from the same time last year. The CEO […]

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