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 'Housing Market'

ARTICLES

Existing home sales tick up 1.5% in October

Second month in a row of gains brings pace to highest in 11 months
Trey Garrison
Existing-home sales rose in October for the second straight month and are now above year-over-year levels for the first time in a year, according to the National Association of Realtors.
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Flipping activity continues to decline as prime inventory dwindles

Profits still top 36% for investors
Trey Garrison
The third-quarter report from RealtyTrac on flipping shows that 26,947 single-family homes were flipped nationwide in the third quarter of 2014 — where a home is purchased and subsequently sold again within 12 months — representing 4% of all U.S. single-family home sales.
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Sam Zell: There’s no tremendous demand for real estate

Price growth is solid and sustainable; demographics changing
Trey Garrison
Billionaire Investor Sam Zell looks at the American housing market, and like a tuna sandwich, it’s not much to get excited about one way or the other.
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Housing starts drop 2.8% in October but permits up

Completions slow dramatically from September
Trey Garrison
Privately owned housing starts dropped 2.8% in October to print at a seasonally adjusted annual rate of 1,009,000 units, which is still 7.8% above the October 2013 rate of 936,000.
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Homebuilder confidence rises in November

Builders see growing consumer confidence, traffic
Trey Garrison
Builder confidence in the market for newly built single-family homes rose four points to a level of 58 on the National Association of Home Builders/Wells Fargo housing market index.
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Housing stepping in the right direction but at muted pace

Sterne Agee Chief Economist: Era of the home as an ATM is over
Trey Garrison
Sterne Agree chief economist Lindsey Piegza says that while the housing market continues to take steps in the right direction, the pace of the recovery remains muted.
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Millennials still grapple with first-time homebuying

Realtors: Demographics still weighing on housing
Trey Garrison
In 2014, millennials saw 60% better job growth than the U.S. overall and a drop in unemployment to 6%. This growth, along with improved economic opportunities, should encourage millennials to form households and buy homes in the coming years. The emphasis is on "should."
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Homebuilders: Just one in six housing markets back to normal

NAHB says recovery happening but very slowly
Trey Garrison
Markets in 59 of the roughly 350 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity in the third quarter of 2014, according to the National Association of Home Builders/First American Leading Markets Index.
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Institutional investment in housing drops to 4-year low

Cash sales at 33.9%, institutional down to 4.3%
Trey Garrison
Institutional investors — entities that purchase at least 10 properties in a calendar year — accounted for just 4.3% of all sales of single family homes and condos in the second quarter, according to RealtyTrac’s third quarter 2014 report.
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Goldman Sachs: Do these charts show housing heading for a bubble?

Analysts give their take on the risk in housing and equity markets
Trey Garrison
In a note to clients, Goldman Sachs looks at asset prices in housing and equity markets, given that equity markets are back at near-historic highs and some are sounding the alarm about a potential housing bubble.
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