It's official: Housing market hits 'start of recovery'

IT'S been a long time coming but the Gladstone housing market has officially turned the corner, according to a leading property valuer. Herron Todd White's Month in Review March property report has placed Gladstone's market at the 'start of recovery' phase on its national property clock, which rates
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The report also said that regardless of which score was used, Fannie Mae and Freddie Mac's own underwriting systems “more precisely predicted mortgage defaults than third-party credit scores alone.” The Senate bill, which could pass as soon as Monday, would apparently blow up the agency's own
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Facebook and Major League Baseball have signed a deal in which 25 baseball games will only be broadcast in the U.S. on the social network. The two groups said Friday that the deal is an extension from a previous partnership last year in which Facebook streamed 20 baseball games. Facebook (fb
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The problem is that as the more affluent areas of the Canadian real estate market become more popular, this creates a mushroom affect whereby property prices on the outskirts rise as investors look for cheaper alternatives. This can see many less wealthy individuals pushed into selling their properties
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Banking analyst Dick Bove told CNBC the only disappointing thing about Blankfein's departure is that it isn't taking place right now. “I think it's wonderful. The only bad part about this news is that people are talking about him staying until the end of the year. I think he should leave immediately,” Bove told
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U.S. Department of Housing & Urban Development (HUD) Secretary Dr. Ben Carson has criticized media reports based on a leaked memo that claim his Department is moving away from protecting disadvantaged demographics because the Department is rewriting its Mission Statement without the
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THREE out of 13 banks have so far surpassed the US$100 million capital adequacy requirement, with some financial institutions on course to attain the target, businessdigest can report. By Melody Chikono. In 2014, the Reserve Bank of Zimbabwe (RBZ) increased the minimum capital requirement for
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Nathan Lee, a Richey May partner, said large-scale cyberattacks on Equifax, JP Morgan Chase, Yahoo and many other companies in recent years have created growing anxiety among the company's mortgage clients. “There's a sense that, if it can happen to a giant credit reporting company like Equifax,
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We've received information that Amazon is currently looking to hire someone to lead their newly-formed mortgage lending division. Due to non-disclosure agreements, we probably shouldn't reveal their identities. After all, with Amazon planning a move into mortgage lending, it's best we work with them
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The retail sector is booming, owing to factors such as favourable demographics, rising consumer incomes and real estate developments, especially the emergence of new shopping malls. With the emergence of consumerism, retailers face more knowledgeable and demanding consumers. As the
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Polaris Greystone Financial Group LLC raised its stake in shares of Marriott International by 2.5% in the fourth quarter. Polaris Greystone Financial Group LLC now owns 220,080 shares of the company's stock worth $29,871,000 after buying an additional 5,462 shares during the period. WINTON
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While Amazon has been trying to figure out what is causing digital assistant Alexa to laugh unprompted, founder and CEO Jeff Bezos has been laughing all the way to the bank. His fortune climbed past $130 billion this week. Bezos became $2.1 billion richer on Friday, pushing his net worth to $130.5
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The opening line of the monthly roundup from the Buffalo Niagara Association of Realtors says it all about the continuing trends in the residential real estate market. “The three most prominent national market trends for residential real estate are the ongoing lack of abundant inventory, the steadily upward
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Ten years ago, Ohio voters thought they'd fixed the problem of usurious payday lending — only to see short-term lenders slither through loopholes galore while Ohio lawmakers, amply rewarded by campaign donations from the payday lending industry, largely sat on their hands. Well, the time of
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Before pursuing real estate, Parker worked in the lumber business on the West Coast. He operated two mills, which he sold in 1954 before moving to New York. He launched his namesake firm, the Jack Parker Construction Corporation, the following year and soon tackled three colossal projects in
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Ctrip.Com International logo Shell Asset Management Co. bought a new stake in shares of Ctrip.Com International Ltd (NASDAQ:CTRP) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 69,551 shares of
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New Federal Reserve Chairman Jerome Powell feels good about the U.S. labor market, based on his recent congressional testimony. It's been adding jobs at a steady clip, it's drawn people back from the sidelines, and unemployment has plunged. Still, there are a few details he and his colleagues at the
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Perth's property price drop has reached the top tier of houses, with the number of suburbs with a median price of $1 million and higher falling 20 per cent last year. Data from CoreLogic has revealed last year, 27 suburbs recorded a median price of more than $1 million, down from 34 in 2016. Banjup
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Martin Shkreli “has no respect whatsoever for the law,” a federal prosecutor told the judge during the sentencing hearing of the disgraced former pharmaceutical executive. U.S. District Judge Kiyo Matsumoto is hearing arguments in Brooklyn, New York, Friday on how long Shkreli, 34, should spend in
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Chicago Fed President Charles Evans, speaking Friday in a Bloomberg Television interview, said there's scope for the central bank to be patient and … Mickey Levy, economist at Berenberg Capital Markets, said in a note that the latest data give evidence of economic momentum that will lead the Fed to
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