Foreclosures | Mortgages | Financing
Homeowners got a step closer when it comes to estimating their home’s value. In fact, they are now only 1% off from appraised values. Quicken Loans’ chief economist expressed his hope that with this information the only surprises this holiday season are the ones wrapped under the tree. …read more
From:: Real Estate Wire
The American Petroleum Institute late Tuesday reported an unexpected climb of 4.7 million barrels in U.S. crude supplies for the week ended Dec. 9, according to sources. Analysts and traders polled by The Wall Street Journal forecast a stockpile decline of 1.7 million barrels, on average. Supply data from the Energy Information Administration will be released Wednesday morning. January crude was at $52.43 a barrel in electronic trading, down from the contract’s settlement of $52.98 on the New York Mercantile Exchange.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
Harmonic Inc. shares slipped in the extended session Tuesday after the digital video infrastructure company said its financial chief plans to resign in the coming months. Harmonics shares fell 2.9% to $5.05 after hours. The San Jose, Calif.-based company said CFO Harold Covert will continue on until after the filing of the company’s annual report with the Securities and Exchange Commission. In the meantime, Harmonic has launched a search for a new CFO.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
International Business Machine Corp. Chief Executive Ginni Rometty said Tuesday the tech firm plans to hire about 25,000 new workers over the next four years. In an opinion piece for USA Today, Rometty called the new hires “new collar” jobs, meaning not traditional white collar or blue collar positions but those “that employers in many industries demand, but which remain largely unfilled.” IBM plans to hire about 6,000 U.S. workers to these positions in 2017, Rometty said. The announcement comes after a slew of layoffs at Big Blue with an estimated 14,000 workers laid off back in May. At the end of 2015, IBM reported having just under 378,000 workers worldwide, down from around 434,000 at the end of 2012. IBM shares were unchanged after hours, after closing up 1.7% at $168.29 Tuesday.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
Mortgage applications for new homes increased in November thanks to continued improvements in the overall economy and job growth. However, there’s still a lot of room for growth. Lynn Fisher, MBA’s vice president of research and economics, explains what’s ahead for housing. …read more
From:: Real Estate Wire
All three of the main U.S. stock benchmarks notched record closes on Wednesday as investors braced for the Federal Reserve’s December interest-rate announcement, set for Wednesday at 2 pm. Eastern. The Dow Jones Industrial Average, which finished higher for a seventh straight day, gained 114.50 points, or 0.6%, to 19,910.93, closing within striking distance of the psychologically-important 20,000 level. Tech stocks like Intel Corp. and Apple Inc. were among the best performers on the blue-chip gauge. Meanwhile, the S&P 500 index advanced 14.73 points, or 0.7%, to 2,271.69, with tech and energy shares leading the index higher. The Nasdaq Composite Index rose 51.29 points, or 1%, to 5,463.83. The Fed is widely expected to raise interest rates for the second time since the financial crisis, with market-based indicators pricing in a nearly 100% chance of a hike.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
Zillow lists six predictions for housing in 2017. These predictions touch on some of this year’s key topics including immigration, Millennials and new home construction. Compare and contrast Zillow’s prediction with others from the housing industry. …read more
From:: Real Estate Wire
Eight years after the passage Housing and Economic Recovery Act of 2008 mandated that Fannie Mae and Freddie Mac increase lending to three specific “underserved” markets, the Federal Housing Finance Agency announced Tuesday that the government-sponsored enterprises must work to open the credit box for certain very low-, low-, and moderate-income families. …read more
From:: Real Estate Wire
Appraisal volume spent most of the fall seesawing up and down. When it did post a consistent trend, it trended down. The latest report from a la mode on appraisal volume, however, finally breaks that downward spiral. …read more
From:: Real Estate Wire
According to a new report from Redfin, homes will fly off the market in 2017, faster than any other year on record. Here’s a look at why that’s the case. Plus, a look at six more predictions from Redfin’s team about housing in 2017. …read more
From:: Real Estate Wire