Wilbur Ross quits Ocwen Financial

Wilbur Ross quits Ocwen Financial

Distressed asset investor bringing his magic to Bank of Cyprus

Dustin Johnson levels blockbuster claims at title attorneys

Is Nat Hardwick the fall guy?

CFPB proposes 7 big changes to foreclosure process for mortgage servicers

Adds guidance on extended borrower protections
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Items Tagged with 'home sales'

ARTICLES

Cash buyers for homes fading away

CoreLogic: REO sales continue to drive cash sales
Trey Garrison
Cash sales made up 33.8% of total home sales in August 2014, down from 36.4% in August 2013, CoreLogic reported Wednesday.
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Local housing markets outpace national numbers

Drilling down into September's numbers
Trey Garrison
Both unit sales and median sales prices averaged growth in the mid-single digits for the month of September, and inventory levels continue to be constrained at just above four months' supply, according to a client note from Sterne Agee analysts Jay McCanless and Annie Worthman.
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Analysts: New home sales stall-out is a disappointment

Expect some rebound but demand remains restrained
Trey Garrison
New home sales stalled in September to just 0.2% growth, following the previous month’s downwardly revised jump of 10%. Analysts think this is more an outlier than a trend, but any optimism is heavily qualified.
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Fannie Mae: Positive on U.S. economy despite global growth decline

Housing faces upward grind in 2015
Trey Garrison
Real economic growth in the U.S. appears ready to exceed 3% for the second half of the year, providing a sound basis for growth in 2015, according to Fannie Mae’s Economic & Strategic Research Group.
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Capital Economics: Recovery in home sales marches on

Analysts bullish on housing
Trey Garrison
The increase in existing home sales in September took sales activity to a 12-month high, and with falling mortgage interest rates and what some see as an improving labor market, Capital Economics is getting bullish on housing.
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Beige Book: Mixed real estate news across all districts

Economy holding steady with slowing growth
Trey Garrison
Reports from the twelve Federal Reserve districts generally described modest to moderate economic growth at a pace similar to that noted in the previous Beige Book.
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Pending home sales slowed in August

NAR forecasts existing home sales to be down 3% for 2014
Trey Garrison
Pending home sales slowed modestly in August but contract signings remain at their second-highest level over the past year, according to the National Association of Realtors. All major regions experienced declines except for the West, which rose for the fourth consecutive month.
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Home-price growth in August slows in 18 of 20 largest housing markets

Affordable home sales slide while home sales over $500K skyrocket
Trey Garrison
Home-price growth is slowing even as the sales of homes under $200,000 slip and the share of home sales above the $500,000 price point grow, according to the August home report from RealtyTrac.
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July's pending home sales put housing back on track

Index hits highest level since August 2013
Brena Swanson
July was able to pick up for the lag seen in the housing market in June as pending home sales return to positive increases, marking the fourth time the index has increased in the last five months.
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Sterne Agee: Housing continues to struggle

Builder opportunities exist in light of shrinking inventories
Trey Garrison
A note to clients from Sterne Agee reports on the state of the homebuilder market, which shows housing continues to struggle against falling inventories and subpar sales.
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