Articles Tagged with ''Realtor.com''

August jobs report: Unemployment holds steady at 3.9%

Non-farm payrolls increased by 201,000
The unemployment rate in August remained at 3.9%, according to the latest Employment Situation Summary report from the U.S. Bureau of Labor Statistics. One economist said the 9 year high in wage growth ensures the federal government will raise rates at their meeting later in September.
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In real estate, man’s best friend is often calling the shots

Realtor.com reveals pet-owning homebuyers make decisions based on their animals
Realtor.com surveyed 1,000 recent homebuyers to reveal that 80% were pet owners. Among those with pets, 90% said their animals' needs were essential to their decision of purchasing a home, and most of them would pass up their dream home if it didn't work for Fido.
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Realtor.com: Home prices are rising 3 times faster than rents

This could mean further reinforcement for multifamily demand for the foreseeable future
According to Realtor.com, home prices are rising at three times the rate of rent growth. A new analysis by the real estate company’s research division shows that the monthly costs of buying a home have risen by 14% over the past year while rents have only increased by 4%. That's likely to keep people renting.
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News Corp’s Move acquiring Texas real estate startup Opcity for $210 million

Company matches homebuyers and sellers with real estate agents
Move, which is owned by media giant News Corp and operates Realtor.com for the National Association of Realtors, is about to grow its real estate empire by acquiring a Texas-based real estate technology startup that claims its technology can match qualified homebuyers and sellers with real estate agents in real-time. News Corp announced late Wednesday that Move is acquiring Opcity, which was founded in 2015, for $210 million.
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NFL player Mychal Kendricks accused of insider trading on News Corp’s acquisition of Move

Former Browns linebacker admits to getting tips from former Goldman Sachs analyst
Former Cleveland Browns linebacker Mychal Kendricks admitted Wednesday that he engaged in insider trading when he used privileged information from a former Goldman Sachs analyst to make a profit of nearly $280,000 when News Corp acquired Move back in 2014.
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Freddie Mac: Mortgage rates fall to lowest level since mid-April

Mortgage rates decrease for the third consecutive week
Mortgage rates decreased for the third consecutive week, according to Freddie Mac’s latest Primary Mortgage Market survey. Freddie Mac’s Chief Economist Sam Khater said consumer spending is now driving equities higher, however, sales activity in the housing market has now crested.
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Case-Shiller reaction: Will Americans be able to afford homes?

NAR, Genworth, Realtor.com and Keller Willams weigh in
After Tuesday's Case-Shiller report showed a 6.4% increase in home prices, experts in the housing market indicate wage disparities and lacking inventory as critical motivators. Keller Williams Chief Economist Ruben Gonzalez predicts that home prices will continue the upward trend, largely due to consumer demand.
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Realtor.com ends relationship with Apartment List, will use Apartments.com for rental listings

Two titans of home and rental listings reunite to share content
Realtor.com is terminating its content partnership with Apartment List, ending the relationship between the two companies after only six months. Apartment List's listings began appearing on Realtor.com in January, but now, those listings will soon disappear. Instead, Realtor.com is partnering with Apartments.com to provide its apartment community listings.
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