Homeownership migration: This area saw the greatest improvement since Recession

Nationally, 72.4% of all larger ZIP codes, or those with at least 1,000 occupied housing units, saw a decrease in their homeownership rate from 2000 to 2016, according to the report. Over the past few years since the turn of the millennium, several cities have shown dramatic shifts from homeownership to
See Original Article

In his first testimony to Congress this week, new Federal Reserve Chair Jerome Powell argued that the U.S. economic outlook is positive. He cited “the robust job market” boosting consumer incomes and spending, strong growth in other countries helping U.S. exports, and the “stimulative” recent U.S. tax
See Original Article

First American Mortgage Solutions covers 100% of U.S. housing markets through its nationwide network of more than 20,000 credentialed appraisers — in addition to its own staff appraisers. This flexible staffing model, coupled with First American's unique data assets, helps the company select the most
See Original Article

Lights from a police car are reflected on Exxon Mobil Corp. signage displayed at the company's Torrance Refinery in Torrance, California, U.S. Photographer: Patrick T. Fallon/. Exxon Mobil Corp.'s $19 billion liquefied natural gas export project in Papua New Guinea may remain shut for six weeks after
See Original Article

Sovereign wealth fund GIC and a group of international investors are buying a 55 per cent stake in AccorHotels' property business arm, AccorInvest. AccorInvest has almost 30,000 employees and operations in 27 countries. Its portfolio of 891 hotels, most of them in Europe, includes luxury brands Raffles
See Original Article

(ECNS) — Some commercial banks have tightened mortgage loans in Beijing, but the overall impact is thought to be limited as stated-owned banks continue with policies unchanged. Data from financial service platform rong360.com show that 20 of China's 533 banks have stopped issuing new
See Original Article

Clear Capital has been developing platforms for the past 17 years that improve the order and fulfillment of real estate valuations. As both a provider of real estate valuations and a technology company, Clear Capital has seen firsthand how people's lives can improve when they have the right tools.
See Original Article

Portland-based WFG National Title Insurance Co. is expanding its national commercial services division, appointing industry veteran Erin Sheckler to lead the effort for the company. Sheckler's primary focus will be to grow WFG's commercial market share by expanding the commercial presence in
See Original Article

Investors also need to beware of the Ambac Financial Group, Inc. (NASDAQ:AMBC) valuations. The stock trades on a P/S of 1.03, which suggests that the shares are attractive compared with peers. The broad Surety & Title Insurance industry has an average P/S ratio of 132083.38, which is significantly
See Original Article

Bloomberg's Jodi Schneider reports on Trump's latest warning to Beijing as America readies a host of trade actions. President Donald Trump is set to announce steep tariffs on steel and aluminum imports Thursday, people familiar with the matter said, in what would be one of his toughest actions yet to
See Original Article

There has been a conscious and rapid shift to broaden the use of alternative valuation products for origination. Not every decision needs a $500, full-blown 1004 interior appraisal. And in some markets where appraisers are short in number, the turn times can stretch from days to weeks. What these new
See Original Article

12, to acquire 12 Sotheby's International Realty offices in Orange, Riverside and Los Angeles counties, forming a unified brand stretching from Long Beach to the Mexican border. Under the deal, San Diego-based Pacific Sotheby's International Realty is buying Newport Beach-based HOM Sotheby's
See Original Article

At the session level, shares of Philip Morris International Inc.(NYSE:PM) moved -0.95% from the open. The most recent bid on the stock was registered at $99.94. Further, company shares have been seen trading -19.11% off of the 52 week high and 3.39% away from the 52 week low. Narrowing in further
See Original Article

The two Bank of America branches on West Main Street and Williams Avenue in Mystic will close on May 15. There's a change in banking behaviors, according to Bank of America Spokesperson Tara Burke. Burke said 24 million Bank of America customers use mobile banking. The company has a total
See Original Article

The 15-acre property, an estate owned by late shoe designer Vince Camuto, includes a roughly 20,000-square-foot main house with 11 bedrooms. It had been on and off the market since 2008. The property brokers, Zach and Cody Vichinsky of Bespoke Real Estate, were not permitted to disclose the
See Original Article

Greater Bank chief executive officer Scott Morgan said the NPP had been a major project for the Hunter institution and resulted from a collaborative effort from many people in the … “We are committed to innovation and ensuring our customers have access to the latest banking technology,” he said.
See Original Article

Following the improvement in the economy over the last eight months, the real estate market in Nigeria is starting to look up with pockets of opportunities emerging in the residential segment of the market. The low to middle income market remained strong all through the recession period while the upper
See Original Article

The government could set aside 20 per cent of its land premium revenue each year – about HK$20 billion to HK$30 billion – to help residents put a down payment on a flat. This would amount to about 30 per cent of the property price. Buyers would need to come up with 10 per cent themselves. A bank
See Original Article

One individual contacted by Bloomberg News provided documents showing that about 106 million yen ($970,000) was successfully moved from Coincheck to the person's bank account this morning in Tokyo. Coincheck has promised to reimburse victims of the $500 million hack, but has not begun that
See Original Article

Donald Trump's proposal to upgrade U.S. infrastructure was met with a collective groan from American manufacturers who complained that the president ignored his “Buy America” promises. The Alliance for American Manufacturing, a Washington-based nonprofit partnership of producers and the United
See Original Article