Bad weather, lack of inventory, rising rates slow home sales

Bad weather, lack of inventory, rising rates slow home sales

A trifecta of factors have had a chilling effect on the Long Island real estate market so far this month. The confluence of snowier-than-usual weather, higher mortgage rates and a continuing shortage of available housing inventory is being blamed for a recent slowdown in home-sales velocity here.
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After departures, West Wing anxiety lingers

President Donald Trump waves with outgoing White House Communications Director Hope Hicks before boarding Marine One on the South Lawn of the White House in Washington, Thursday, March 29, 2018, for a short trip to Andrews Air Force Base, Md., and then on to Cleveland. (AP Photo/Andrew
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The UK Just Confirmed Its 1st Case of 'Super Gonorrhea.' And It's Freaking Out Health Experts

Public health officials have been sounding the alarm on increasingly difficult-to-treat strains of gonorrhea for years now. This week, health officials in the U.K. pointed to a tangible human case of “super gonorrhea,” drawing widespread concern among medical and infectious disease experts.
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LinkedIn adds video for sponsored content and company pages

Along with the sponsored content, LinkedIn is offering B2B targeting capabilities allowing marketers to drill down on audience traits like job title, seniority, company name, industry and skills. The company also offers integration with its Matched Audiences solution that allows marketers to target
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The Hottest Real Estate Markets in America, March 2018

“Never in history have there been more eyes on fewer homes than today,” said Javier Vivas, director of economic research at realtor.com. “The price gains observed in the last days of March tell us the market is on pace to see half of the homes listed above $300,000 this summer. This means buyers are
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Congress Considers Going Easy on Predatory Lenders

The payday lending industry is pressing its friends in Congress to repeal rules that shield borrowers from short-term loans that trap them in debt at interest rates of 400 percent or more. The rules were issued last year by the Consumer Financial Protection Bureau in a last gasp of consumer financial
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BankThink Consumers lose when small banks can't compete

As Congress considers a major regulatory relief bill for the banking industry, lawmakers must remain focused on giving community banks relief from regulation that is harming the industry and reducing competition. One of the strengths of the American economic system is our impetus for competition.
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Should You Buy American International Group Inc (NYSE:AIG) At $54.52?

This high level of volatility gives investors the opportunity to enter into the stock, and potentially buy at an artificially low price. A question to answer is whether American International Group's current trading price of $54.52 reflective of the actual value of the large-cap? Or is it currently undervalued,
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Chinese student deported from US after 'disturbing behaviour' including buying two high-powered …

An international student at the University of Central Florida who owned high-powered rifles and alarmed police and classmates with his “disturbing behaviour” is being deported to China, after a judge found him to be out of compliance with his visa, officials said. Sun Wenliang, 26, came to the attention of
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Gershman Mortgage Helps To Preserve Affordable Housing in Missouri

Gershman Mortgage is one of the nation's leading mortgage bankers, offering over 60 years of experience, security, and unmatched customer service in residential and commercial financing Gershman has maintained a reputation in the mortgage industry that few lenders can equal. We were one of the
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Facebook Starts Fact Checking Photos and Videos in This Country

Facebook has started to fact-check photos and videos to thwart the spread of fake news. The social media giant said Thursday that it has partnered with the Agence France-Presse (AFP) news service to scrutinize photos and videos in France for accuracy in addition to conventional news stories
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Prospect of a Trade War Is Worrisome, Bank of Israel Head Warns

She dismissed the possibility that falling housing prices could spark a banking crisis: “We think the system is stable and safe, and can withstand even a fairly sharp correction in the housing market.” As the first female Bank of Israel governor, Flug is one of just 13 women in the world running central banks
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Angel Oak Capital Advisors hires Namit Sinha to oversee firm's non-QM investments

Earlier in his career, Sinha worked at Nomura Securities as the company's executive director of mortgage trading, where he specialized in the acquisition and financing of non-performing loans, RPLs, non-QM and prime jumbo loans. Sinha also spent time at Lehman Brothers and Barclays as a
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SALT Lending Expands Executive Team With New CTO

DENVER, March 29, 2018 /PRNewswire/ — SALT Lending (SALT), which offers blockchain-backed cash loans using the value of cryptocurrency as collateral, has named Bill Sinclair as Chief Technology Officer (CTO) of SALT Lending Holdings, Inc. Sinclair is the first to hold this position at the company,
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Vancouver developers warn new taxes will drive housing costs up

Those taxes aren't just targeting wealthy people who are buying up west side houses, or homeowners who've amassed significant equity as housing prices soared. Developers who purchase parcels of land for future housing projects must also pay. And those taxes, they say, will drive housing costs up
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Here's What Trump Could Do to Amazon

Lina Khan, director of legal policy at Open Markets Institute, a Washington think tank that advocates for tougher antitrust enforcement, says Amazon should be scrutinized. One area of concern is the way Amazon can exploit information it collects about third-party sellers to better compete against them.
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Women Less Confident About the Housing Market

The latest installment of the ValueInsured Modern Homebuyer Survey finds strong disparities between men and women when it comes to their levels of confidence in the state of the housing market. According to the report, only 44 percent of all women believe the housing market is heading in a good
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How to approach gender bias in the mortgage industry

In closing, I am glad these conversations are surfacing, and HousingWire is taking the lead by hosting the debate, but I think leaders and change agents alike need to hold ourselves to a higher standard for dialogue. By associating Rob Chrisman with this movement, you push away him and all of his
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raceAhead: All About The Empathy

A heartfelt thanks to the dozens and dozens of you who have answered my call to help me help you by answering a few short questions in this brief survey. Here's what I'm learning so far: You're smart, funny, dedicated, often lonely in the work and at work, and you're looking for best practices, better
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Toronto morphs into whole new 'monster' as houses slump and condos soar

It's a tale of two housing markets in the Toronto area as Canada's biggest city gears up for the crucial spring selling season: sales of big detached homes are slow, while condo deals are booming. On one side are people like Karen Berends, who put her $1,498,888 house back on the market in nearby
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