The Ticker

Appraisal volume remains quiet in September

4-week average slightly edges up
There’s less than one week left in September, and so far, the month’s recorded quite the roller coaster. However, despite the drastic rise and fall, September still followed season trends, especially given the beginning of the month included the Labor Day holiday.
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CoreLogic: Cash sales hit record low in June

Hits below 30% for first time since 2007
Cash sales hit a new mark-they decreased to below 30% of total market sales for the first time since 2007. They still have some work to get to the pre-crisis average, which it will reach by mid-2018 if the decrease continues at its current rate.
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Zillow ranks fastest appreciating housing markets

Incomes appreciating faster than homes for first time since 2011
Home prices in some metropolitan areas grew at almost triple the rate of the national average. Zillow laid out a list of the top five which, surprisingly, San Francisco was not on. While some areas are heating up, it seems California’s hot markets could be cooling down.
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Chase officially satisfies $4 billion RMBS settlement consumer-relief requirement

Completes more than one year ahead of schedule
In his ninth and final report, Joseph Smith, monitor of the JPMorgan Chase Residential Mortgage-Backed Securities Settlement, credited Chase with more than its required $4 billion of consumer relief obligation. The settlement dates all the way back to claims that Chase, Bear Stearns and Washington Mutual packaged and sold bad residential mortgage-backed securities to investors before the financial crisis.
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