Home Sales Surge to 10-Year High

America's housing market appears poised to go out like a lion this year, as a pair of real estate reports this week showed home sales climbed to their highest level in a … Sales of new houses clocked in at a seasonally adjusted annual rate of 733,000, according to a Friday report from the Census Bureau.
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“Without further details on how the U.S. can actually compete with China on a cost basis, the current cost structure for someone in the U.S. is so much higher that the economics don't work,” Richard Bourke, senior analyst at Bloomberg Intelligence in New York, said Thursday by phone. “The U.S. is not a
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Despite President Donald Trump's promises to bring back steel manufacturing, many steel mill workers are facing layoffs. For example, ArcelorMittal-owned mill in Conshohocken, Penn. announced in September that it would cut 150 of 207 jobs based on seniority. Many steel workers who voted for
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“The lender that underwrites the loan reports the loan on their LAR, so non-delegated correspondents would not report,” ComplianceTech told HousingWire. “Those who underwrite the loan and sell the loan, servicing released, immediately following closing will be required to report all the fields.”.
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Goldman Sachs Group Inc. is said to be setting up a trading desk to make markets in digital currencies such as bitcoin, Bloomberg News reported Thursday. The news comes in the weeks after Cboe Global Markets Inc. and CME Group Inc. started offering bitcoin futures. Other major exchanges like
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The new U.S. tax law legislation could be a boon for real estate investment trusts and REITs-related exchange traded funds as they will foot a smaller tax bill on dividends under the new plan. The new tax plan comes with a deduction for pass-through businesses or income derived from commercial
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TheStreet raised shares of Choice Hotels International from a “c+” rating to a “b” rating in a research note on Wednesday, October 18th. Zacks Investment Research upgraded shares of Choice Hotels International from a “hold” rating to a “buy” rating and set a $76.00 price target for the company in a
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The National Reverse Mortgage Lenders Association (NRMLA) has formally announced the members of its 2018 Board of Directors. … year-long term: Co-Chairs Joe DeMarkey of Reverse Mortgage Funding and Reza Jahangiri of American Advisors Group (AAG); Vice Chair Sherry Apanay, Finance of
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New Career Opportunity! Staffing Now has an opening for a Mortgage Loan Originator in Edinburg, TX.
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Belgian prosecutors say they've broken up a money laundering ring trying to transfer cash from Africa to set up a parallel banking system. The Crown Prosecutor's office said Friday that several raids have been launched around Brussels since April and that four people have been arrested, and cash and
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Although Nike's top- and bottom-line beat expectations, other metrics were weak, including a decline in North American sales and an increase in inventory. Analysts are weighing in on the stock today, and despite the stock's fall none were willing to come off the sidelines and advocate buying on
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Matt Damon only has a small cameo in the upcoming Ocean's 8, but a petition circulating online has almost 20,000 signatures calling for the actor be removed from the film entirely. Ocean's 8 is an all-female reboot of the original that is meant to be empowering for women. (Watch the trailer here, courtesy
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Based in the Atlanta suburb of Alpharetta, Cook & James attorneys serve real estate closing needs in Georgia, New York, Connecticut and South Carolina. The firm was recently added as a network partner with national real estate eClosing software platform, Pavaso. phil_dacosta. DaCosta will be
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President Donald Trump's former chief strategist Steve Bannon and his former campaign manager Corey Lewandowski have been asked to testify to House lawmakers investigating Russian interference in the 2016 election. Both men were sent letters this week by the House Intelligence Committee
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For Oil States International, Inc. (NYSE:OIS) Thursday was another day of strong-handed buying, with the low volume day punctuated by a rise from previous close. Trading activity stretched to 0.79 million shares from the 90-day average tally of 0.82 million shares per day. The price at the open on
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Primary Residential Mortgage Inc. (PRMI) has announced the formation of the PRMI Giving Members from Primary Residential Mortgage Inc. (PRMI) recently distributed 2,900 backpacks to six elementary schools across the nation in partnership with the Kids In Need Foundation (KINF). PRMI delivered
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“It's one of the most inefficient markets I've ever seen,” said Arjun Balaji an engineer who trades cryptocurrencies and surveyed the dot-com bubble from his vantage point in kindergarten. Balaji has been buying bitcoins since 2012, and has recently made hundreds of thousands of dollars by day trading
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Turkey's president Tayyip Erdogan spoke for a lot of the world when he told Trump, “you cannot buy our will with dollars. Erdogan lamented that the US, the cradle of democracy, had stooped to buying international votes with its aid. The foreign minister of Iran, Mohammad Javad Zarif, said that the world
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“In major metropolitan areas where property values are high and taxes tend to be high as well, the middle-class family is going to get hit by that,” said Joel Naroff, chief economist at Naroff Economic Advisors, a Pennsylvania-based consultancy. The new rules should spur people to buy cheaper homes
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Mozambique's central bank reduced its benchmark lending rate on Friday by 150 basis points to 19.5 from 21 percent, APA can report on Friday.A media release from the bank's Monetary Policy Committee (CPMO), which met in Maputo in the morning for its last meeting of the year, said it reduced the
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