Valuations

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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Trulia: Majority of homes remain priced below pre-recession peak

Just 34.2% recovered values after housing crisis
Many reports show home values soaring to new heights and surpassing pre-crisis peaks. However, Trulia’s new study shows that while the median home price is up, the majority of homes are still lagging behind their pre-recession levels. In fact, all homes may not regain their full pre-recession value until about 2025.
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Lack of housing supply slows pending home sales in March

Numbers still indicate strong home-buying season
Pending home sales dipped slightly in March as low levels of housing inventory created a strain on the market. Low inventory levels are not only holding back home prices, but also creating more competition and increasing home prices. The National Association of Realtors forecasts the rate of home sales for 2017.
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