Find out which two US housing markets are now valued at over $2 trillion

Over the last year, the total value of all homes in the US grew at its fastest annual pace in nearly four years. Three of the country's hottest housing markets are now valued over $1 trillion, while the New York City and Los Angeles metro areas each accounted for more than 8 percent of the total value of the
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Activity in the mortgage market took a slight dip in November, no doubt fuelled by the base rate rise which has forced homeowners to take stock of their current position and hold off on making key financial decisions. This saw house purchase activity fall to a 15-month low, but remortgaging activity
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A woman walks in front of London's financial district Canary Wharf in London, Britain, 14 December 2016. Tens of thousands of banking jobs could be lost to continental Europe from next year if ministers do not agree a transitional deal on single market access with the EU, a Lords report on financial
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Americans have named their most admired man and woman of the year—and neither currently lives at 1600 Pennsylvania Avenue. In a Gallup poll released Wednesday, Barack Obama and Hillary Clinton were named the Most Admired Man and Woman for 2017. This is the tenth consecutive year
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It was a great year to hold bitcoin, but a bad time to have been invested in the Uzbek soum. As 2017 winds to a close, a look at the winners and losers around the globe shows that, broadly speaking, the riskiest assets performed well, with bullish sentiment on display in stocks, emerging-market
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Many banks are collecting deposits from institutional depositors by offering them over 13 percent interest rates. Borrowers, particularly business firms, complain that BFIs have already jacked up lending rates by two to three percentage points. According to businesspersons, they are being charged up to
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Across the street, a South Carolina real estate developer plans an $850 million development anchored by a Wegmans grocery store. The development will be called Fenton, the middle name of the man for whom Cary is named. The owners of Cary Towne Center, Tennessee-based CBL Properties, plan
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The amount of defaulted loans in the banking sector at the end of September, 2017 stood at Tk80,307 crore, while the amount at the end of December, 2016 was Tk62,172 crore. Which indicates that default loans amounting to around Tk18,135 crore was accumulated during the nine months of 2017.
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Get more from your money with a Certificate of Deposit (CD) or Individual Retirement Account (IRA)! New rates bring new opportunities to save smarter and earn more with First Merchants Bank. SAVING BEGINS HERE. Now is the time to act when it comes to saving for the future. With a variety of
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KHARTOUM, Dec 28 (Reuters) – Sudan and Saudi Arabia have agreed to re-establish banking relations, the official Sudanese news agency SUNA said, a move that may help restore confidence in Sudan's economy after the lifting of U.S. economic sanctions. The agreement, which will allow for banking
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Agency MBS have a guaranty of principal payment by an agency of the U.S. government or a U.S. government-sponsored entity, such as Fannie Mae and Freddie Mac. Analysts await Sensata Technologies Holding N.V. (NYSE:ST) to report earnings on February, 1. They expect $0.85 EPS, up 11.84% or
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Real property — Sale — Earnest-money deposit The contract purchaser of a piece of real property paid $2,000.00 into escrow as an earnest-money deposit. When disputes arose between the purchaser and the seller, the escrow agent paid the $2,000.00 into the registry of the circuit court and filed an
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Alternative lending will consolidate around a few big players. We predicted that a select few winners would emerge in the alt lending space, with smaller competitors falling out of the race altogether or being acquired. While we haven't seen as thorough a winnowing as we expected, we have definitely
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The settlement covers Morgan Stanley's “deceptive” mortgage bond practices in the run-up to the financial crisis and requires the company to provide $400 million in consumer relief for New York residents affected by the company's alleged actions. A new report from Eric Green, the independent monitor
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Your home may not have made the same gains as stocks or bitcoin, but it still was a robust year for the U.S. housing market. The value of the entire U.S. housing stock increased by 6.5 percent — or $2 trillion — in 2017, according to a report from Zillow. All homes in the country are now worth a
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Islamic State claimed responsibility for three suicide bomb attacks in Kabul which killed as many as 40 people and wounded 30 others at the Afghan Voice Agency and the Shiite-run Tebyan cultural center. The latest attack on Afghanistan took place during a panel discussion to mark the 38th
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As U.S. banks wrestle with the decision of whether to use artificial intelligence to help calculate credit scores and make loan decisions, a potential role model is MyBucks, a company that's been doing this for more than a year —and has even begun offering 15-minute, AI-based loans through WhatsApp
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CASCO — When a property owner Gretchen Bufo decided to rebuild her second home located on Acadia Road in Casco, it triggered a request from the title company. The title company requested a letter saying there would be no enforcement action on Shoreland Zoning Law violations for the
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Australia's peer-to-peer lending industry nearly doubled its loan originations this past financial year writing $300m in loans, according to a recent ASIC report. Peer-to-peer lending, also known as marketplace lending, matches people who have money to invest with people who are looking for a loan.
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We are pleased to enter into these financing and refinancing transactions with affiliates of GSO, the credit platform of Blackstone, one of the … builds homes; (10) fluctuations in interest rates and the availability of mortgage financing; (11) changes in tax laws affecting the after-tax costs of owning a home;
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