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CoreLogic: REOs hit lowest point since 2007

CoreLogic’s latest report shows that REOs hit their lowest point since September 2007. In fact, all distressed sales continue to decline. At this rate, distressed sales are on course to hit pre-crisis levels by mid-2019. Source: 1

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Lenders work to overcome Detroit's appraisal gap roadblock

After the financial, the Detroit housing market had a long uphill climb to get back to a healthy, sustainable market, an achievement the city is still currently trying to reach. However, lenders in the city are working to originate mortgages…

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Window to the Law: DOL Overtime Rules

Editor’s Note: This is part of a monthly video series from the National Association of REALTORS® to inform and educate members about important aspects of being a real estate professional. Watch for this series each month in RISMedia’s Daily e-News.…

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Low down payment mortgages can compete in today's market

Despite the growing prominence of low down payment mortgages, first-time homebuyers believe they need to put 20% down to compete in today’s market. The market is changing though, and a new survey of real estate agents shows that low down…

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Pending home sales sink to lowest level since January

Pending home sales decreased in August following the previous month’s record high. It now seems July’s high could be an outcast as this marks the third month of declines in the past four. NAR’s chief economist warns of the consequences…

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Housing affordability at the worst level in seven years

Home affordability is at the worst level in seven years, with one in four housing markets not affordable by historic standards. Despite the negative news, Daren Blomquist, senior vice president at ATTOM Data Solutions, did point out one positive area,…

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Nearly 30 Countries Represented at Upcoming LeadingRE Global Symposium

Excitement is building for the 2016 Global Symposium of Leading Real Estate Companies of the World® in Amsterdam October 23-25. LeadingRE members from nearly 30 countries will be participating, including Australia, Belgium, Bulgaria, Canada, Cayman Islands, China, France, Germany, Greece, Hong Kong, Ireland, Israel,…

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California home sales flat in August

California home sales wrapped up the summer on a low note, but the news doesn’t come as much of a surprise, Madeline Schnapp, director of Economic Research for PropertyRadar, said in the latest report. Schnapp explained this report similarly to…

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