Fannie: Millennial housing demand declines further

Fannie: Millennial housing demand declines further

Fall comes even as housing affordability for young improves

Case-Shiller: Home price gains decelerate rapidly

Biggest drop in HPI since November 2012

Can Quicken Loans save Detroit?

Forbes: “Dan Gilbert is saving Detroit to help his business”
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Investments

Shareholders rights law firms launch investigations into News Corp/Move deal

Four firms immediately question stock purchase price
Ben Lane
Within hours of the deal's announcement, the law firms of Johnson & Weaver, Rigrodsky & Long, Powers Taylor, and Levi & Korsinsky all announced investigations into whether Move breached its fiduciary responsibility to its shareholders by accepting $21 per share in the sale to News Corp instead of a higher valuation.
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Fannie: Millennial housing demand declines further

Fall comes even as housing affordability for young improves
Trey Garrison
As has been extensively documented, Millennials face an uphill battle in homebuying owing to everything from higher unemployment rates and student debt to affordability challenges.
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Realtor confidence on home price growth slips, but solid

Members less confident than trade economists on coming year
Trey Garrison
Members of the National Association of Realtors expect home prices to increase modestly in the next 12 months, with the median expected price increase at 3.5%, according to data gathered from the August 2014 Realtor Confidence Index Survey.
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News Corp's MOVE acquisition escalates epic online real estate listings battle

Zillow, Trulia trading lower on news of MOVE deal
Trey Garrison
Zillow and Trulia are selling off after news broke that rival MOVE is being sold to News Corp for $950 million — proof that the battle for real estate listings traffic just kicked into high gear.
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Case-Shiller: Home price gains decelerate rapidly

Biggest drop in HPI since November 2012
Trey Garrison
Home price growth slowed far more than expected in July, according to the latest Case-Shiller Home Price Index. "Inventory is up, but sales volume is down," said Zillow chief economist Stan Humphries.
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WinWater Home Mortgage launching second jumbo RMBS

$276.9 million offering receives AAA ratings from KBRA
Ben Lane
The company, which refers to itself as “a residential mortgage conduit aggregator focused on opportunities in the non-agency jumbo sector,” is bringing WinWater Mortgage Loan Trust 2014-2 to market.
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Capital Economics: Home price growth will slow to 4% annualized

Loosening credit, stronger wage growth could trigger homebuilding boom
Trey Garrison

Loosening mortgage credit conditions, decent job gains and an eventual acceleration in wage growth will help home sales to rise over the next 12 months, according to Paul Diggle, property economist at Capital Economics.


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Can Quicken Loans save Detroit?

Forbes: “Dan Gilbert is saving Detroit to help his business”
Ben Lane
Dan Gilbert, the founder and chairman of Quicken Loans, is still pushing to save the city of Detroit. He's invested millions in the revitalization of Detroit's downtown area and the results of his efforts are having a real impact on the recovery of the city and on Quickens Loans' business too.
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Black Knight: Home prices up just 0.2% in July month-over-month

Home prices now just 10.2% off 2006 pre-crisis peak
Trey Garrison
Home prices are now just 10.2% off the 2006 peak, but price appreciation is slowing both month-over-month and year-over-year, according to the latest data from Black Knight Financial Services.
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Monday Morning Cup of Coffee: Love or loathe – Reverse mortgages, Holder’s legacy

Plus, a week of critical housing and mortgage finance metrics ahoy
Trey Garrison
Two things that don't engender a lot of middle ground — reverse mortgages and Attorney General Eric Holder. Plus, the top 10 homebuilders and housing/mortgage finance metrics galore — it's all in here.
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