WRAPUP 1-US homes sales accelerate; supply still a constraint

WRAPUP 1-US homes sales accelerate; supply still a constraint

The number of previously owned homes on the market fell 3.2 percent to 1.80 million units in October, a record low for the month. Supply was down
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Mortgage Administrator

View full details for Mortgage Administrator job in Glasgow on s1jobs.com.
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Existing Home Sales Erase Summertime Losses

For the second straight month the National Association of Realtors® (NAR) is reporting that sales of previously owned homes increased, this time by 2.0 … “Making changes to the mortgage interest deduction, eliminating or capping the deduction for state and local taxes and modifying the rules on capital
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'I Am Not Okay': Charlie Rose's Co-Hosts Respond To His Sexual Misconduct Scandal

The blockbuster sexual misconduct allegations against legendary television host Charlie Rose rocked the media world on Monday, but it put two other high-profile TV personalities in an especially difficult position: Rose's CBS co-hosts. Norah O'Donnell and Gayle King anchor CBS This Morning
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US homes sales accelerate; supply still a constraint

The South, which accounts for almost half of the existing homes sales market, recorded a 1.9 percent increase in sales last month. There were also gains in sales in the Northeast, Midwest and West regions. The PHLX housing index .HGX was trading higher in line with a broadly firmer market. The dollar
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The Murdochs Just Agreed to Pay $90 Million for Their Handling of Fox's Sexual Harassment …

Twenty-First Century Fox Inc has reached a $90 million settlement of shareholder claims arising from the sexual harassment scandal at its Fox News Channel, which cost the jobs of longtime news chief Roger Ailes and anchor Bill O'Reilly. The settlement, which requires a judge's approval, resolves what
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Turkey Lifts Bank-Funding Cost as Lira Drops to All-Time Low

Bloomberg's Simin Demokan discusses politics and the central bank in Turkey. (Source: Bloomberg). The currency traded 0.5 percent lower at 3.9502 per dollar as of 3:40 p.m. in Istanbul. The yield on the nation's benchmark 10-year bonds climbed 20 basis points to 13.10 percent, after touching a record
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Existing Home Sales Rise 2% in October

According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage rose to 3.90% in October (matches highest
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The Economic Yield Curve Is the One to Watch

Bloomberg Prophets Professionals offering actionable insights on markets, the economy and monetary policy. Contributors may have a stake in the areas they write about. To contact the author of this story: Joseph G. Carson at joe.carson@abglobal.com. To contact the editor responsible for this story:
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Mugabe Ends 37-Year Zimbabwe Rule Under Impeachment Threat

Robert Mugabe's near four-decade reign as the strongman of Zimbabwe ended on Tuesday, when he submitted a letter of resignation to parliament, House of Assembly speaker Jacob Mudenda said. Mudenda announced the resignation during a joint sitting of lawmakers in Harare, the capital, called to
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Housing market loosens slightly in Wisconsin

MADISON, Wis. (AP) — New data from the Wisconsin Realtors Association indicates that the state's tight housing market is showing signs of loosening. Wisconsin Public Radio r.
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Overseeing Google's 'Reasonably Sized' Other Bets

A fuller account of my interview with Porat appears in the current issue of Fortune. I also discussed with her how long Google will keep giving away so much food to its employees—and, in my case, visitors. (The current tally is 178,000 meals daily.) Spoiler alert: Porat promises free grub for Googlers for a
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How a return to multigenerational living is shifting the housing market

Another large builder, Lennar, has taken this a step further with its NextGen Communities concept, which it advertises as “two homes, one price.” Launched in Phoenix five years ago, the floorplans comprise a traditional home and an adjacent private apartment. A door connects the units, but each has its
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Why WeWork Just Invested In This Women-Only Club

This article originally ran in Term Sheet, Fortune's newsletter about deals and dealmakers. Sign up here. Remember when I brought to your attention The Wing, the latest startup to launch a print magazine? Today, the company has a bigger announcement — it raised $32 million in Series B funding from
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Citi and BNP Seen as Less Risky in Global Regulators' Ranking

Citigroup Inc. and BNP Paribas SA dropped in global regulators' ranking of banks that pose the biggest threat to the financial system, and authorities recommended they face lower capital surcharges. Citigroup fell one level in the ranking, meaning its extra capital requirement under international
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Hungary cbank says ready to buy longer-maturity mortgage bonds

BUDAPEST, Nov 21 (Reuters) – The National Bank of Hungary is ready to buy mortgage bonds of maturities at 10 years or more if banks issue such notes as part of the NBH's efforts to loosen monetary conditions on the longer end of the yield curve, a top central banker said on Tuesday. Its separate new
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Apple's iPhone X Built With Illegal Overtime Teen Labor, FT Says

Apple Inc.'s main supplier in Asia has been employing high-school students working illegal overtime to assemble the iPhone X in an effort to catch up with demand after facing production delays, the Financial Times reported, citing several teenagers involved. A group of 3,000 students from the
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RBO & Co. LLC Decreases Holdings in Philip Morris International Inc (PM)

LLC trimmed its position in shares of Philip Morris International Inc … stock valued at $110,000 after buying an additional 191 shares during the period.
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Current Mortgage Rates for Tuesday, November 21, 2017

Stocks are moving higher today but mortgage rates are trending lower. We did get some economic data out this morning but it wasn't enough to shake investors completely out of the dip they built as they awaited the Existing Home Sales report. The good news for borrowers is that this means rates are
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Fla. Housing Market: Sales, Median Prices Rise in Oct. 2017

ORLANDO, Fla., Nov. 21, 2017 /PRNewswire/ The impact of Hurricane Irma on Florida's housing market resolved by the end of October, according to the latest housing data released by Florida Realtors. Sales, median prices, new listings and new pending sales rose even as the inventory of for-sale
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