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Consumer Confidence hits 15-year high in February

Consumer confidence took off in February, reaching its highest point in 15 years, according to The Conference Board. However, now every measure of consumer optimism showed an increase on consumer sentiment in February. Source: 1

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Case-Shiller: Home prices set 30-month high in December

Home prices rose to their 30-month high in December and at their fastest pace in over 2.5 years, according to the latest Case-Shiller results. The Indices’ chairman explains why rates are rising so rapidly and if the speed of increase…

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Rising Rates: Spoiling Homebuyers’ Plans?

Homebuyers are concerned about the effect rising interest rates have on their ability to afford a home, but not enough to spoil their plans, according to a recent survey issued by Zillow Group Mortgages. Eighty-three percent of homebuyers who plan…

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Pending Home Sales Falter to 12-Month Low

Pending home sales faltered in January to a 12-month low, despite a simultaneous shoot-up in existing-home sales, according to the National Association of REALTORS® (NAR). NAR’s Pending Home Sales Index (PHSI) declined 2.8 percent to 106.4, with the PHSI sinking…

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Ten-X predicts fall in February’s existing home sales

Existing home sales shot up in January, but don’t expect the following months to follow suite. At least, not according to Ten-X’s Nowcast prediction. And from the looks of January’s pending home sales, the report is on the right track.…

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Warren Buffett gives us all an update on his stake in affordable housing

Every year billionaire investor Warren Buffett releases an annual letter to Berkshire Hathaway shareholders, unraveling the inner workings of his conglomerate’s performance. The 29-page document details the status of Clayton Homes, which specializes in manufactured homes, a key industry in…

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