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ARTICLES

Grassroots military organizations ask Congress to save the CFPB

VoteVets, Common Defense say that CFPB protects servicemembers
As the Financial CHOICE Act winds its way through the House of Representatives, two grassroots organizations that represent current and former members of the military are asking the members of Congress to leave the Consumer Financial Protection Bureau alone and allow the bureau to continue functioning as it does now.
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OfferPad signs on for Zillow's "Instant Offers" home-buying program

Begins making offers to home sellers in pilot program
It’s now been a few days since Zillow sent the housing business into a bit of a fervor when it announced that it was getting into the home-selling business with its “Instant Offers” program, and more details about how the program will work are beginning to emerge. Now, another of the participating investors has revealed itself.
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Have issues with the Zestimate? Zillow is offering $1 million to fix it

Online real estate giant launches contest to improve property valuation algorithm
Zillow knows its “Zestimate,” the online real estate giant’s property value estimation tool, isn’t perfect. Even after years of consistently working on the algorithm that powers the Zestimate, Zillow acknowledges that its Zestimate error rate is still 5% nationwide. But Zillow wants to do something about it, and it’s offering up a sizable carrot for anyone who can make the Zestimate better: $1 million.
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Trump budget surprise: Gutting the CFPB

Budget proposal shifts appropriations to Congress, then slashes funding
The impact of President Donald Trump’s 2018 federal budget proposal would certainly be felt in the housing industry via the 13% cut to HUD's budget, but that’s hardly the only impactful move that the budget proposal holds. Buried on the second-to-last page of Trump’s budget is a move that is sure to please Trump’s fellow Republicans and many in the housing industry as well – gutting the Consumer Financial Protection Bureau.
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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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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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NAR: Existing home sales will see best year since 2006

Sales to increase 3.5% this year
As prices go up, existing home sales are on track to hit the highest sales pace since 2006, a new forecast from the National Association of Realtors shows. However, the housing market will still face various headwinds, including lack of economic growth, which could hold back the sales pace.
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Realtors: Homebuyers flooded housing market in first quarter

Home price growth accelerates to fastest pace in a decade
Home sales increased in the first quarter to the fastest sales rate in a decade. However, as home sales increase, housing inventory is pushed lower and home prices continue to rise. During the first quarter, home prices increased at their fastest pace in two years.
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Here are the best places for college grads to live

Where affordability intersects with available jobs
Just in time for graduation season, a new study conducted by Trulia shows the most promising housing areas for those new graduates. The study compares affordability with the number of jobs available to recent grads, and the salaries they are paid, to find the six areas that rank as the best metros for college grads to live.
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