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  • Gamechanger: Zillow getting into home selling business with "instant offers"

    In many ways, Zillow was one of the leaders in the online real estate revolution, helping to democratize the home buying process and enabling prospective buyers to search for their next home from the comfort of their current home. And now, Zillow wants to revolutionize the way that people sell their homes as well, as the online real estate giant announced this week that it is launching a pilot program called “Zillow Instant Offers.” Click the headline to read more.

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Gamechanger: Zillow getting into home selling business with "instant offers"

In pilot program, investors and agents will provide offers to prospective sellers
In many ways, Zillow was one of the leaders in the online real estate revolution, helping to democratize the home buying process and enabling prospective buyers to search for their next home from the comfort of their current home. And now, Zillow wants to revolutionize the way that people sell their homes as well, as the online real estate giant announced this week that it is launching a pilot program called “Zillow Instant Offers.” Click the headline to read more.
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Experts: New home sales need to double to hit historic norms

Experts point out new home sales still high compared to 2016
After several months of high gains in new home sales, sales of new single-family homes came tumbling back down in April. Many experts agree the drop was somewhat expected and remains high compared to last year. However, new home sales still lag behind the historic average.
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New home sales plummet more than 11% in April

Housing inventory sees relief
New home sales plummeted in April from the previous month, possibly showing a new cooling in the market. As home sales dropped, so did home prices even as housing inventory increased. But does this mean the market is cooling off? Perhaps only time will tell.
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Court of Appeals set to hear landmark challenge to CFPB constitutionality

D-Day for CFPB coming this week
The Consumer Financial Protection Bureau’s moment of truth (in the courtroom, at least) is coming this week as the full Court of Appeals for the District of Columbia Circuit is set to rehear the landmark challenge to the agency’s constitutionality brought by PHH Corp. Here's a breakdown of the case and a view of what's coming next.
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Consumer survey: Voters say CFPB should be run by a bipartisan commission

What would a commission would do for the bureau?
The highly contested leadership structure of the Consumer Financial Protection Bureau should be a bipartisan commission if it was up to voters to decide. The Consumer Bankers Association, the Independent Community Bankers of America, and the American Land Title Association teamed up to commission a poll of registered voters in key battleground states. Ever wonder what some consumers think of the CFPB?
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Where are building permits keeping up with housing demand?

Interactive chart shows which counties are winning the battle for more inventory
An interactive tool from NAR shows the need for new housing in different counties across the U.S. compared to the number of new building permits issued. Since the housing crisis, the number of counties hitting their peak levels of building permits decreased substantially.
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Fidelity National Financial acquires Hudson & Marshall

Acquisition will power new offering: ServiceLink Auction
ServiceLink, the provider of transaction services to the mortgage and finance industries, is getting into the auction business thanks to its parent company buying one of the country’s top auction companies. On Monday, Fidelity National Financial, the title insurance giant and parent company of ServiceLink, announced that it acquired Hudson & Marshall.
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Embrace Home Loans adds new branch in Washington D.C.

Team fluent in American Sign Language and Spanish
Embrace Home Loans announced it added a new branch in Washington D.C. in order to accommodate and connect with more buyers in the area. "Our goal is to not only cultivate relationships with local real estate agents and buyers, but also to serve the diverse cultural needs of D.C. and the surrounding communities," said Margie Hennessey, the new branch manager.
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