The Winans International Real Estate Index of new-home prices in the United States has reported a 16.8% decline over the past year, its steepest decline in nearly 40 years. From its record high of 296,000 in March 2007, the index has fallen to 246,300, its worst nosedive since the 17-month decline of 17.8% from May 1969 to October 1970, Winans said. The company said the worst decline in the past 100 years was the 55% plunge recorded from 1929 to 1932. Winans can be found online at http://www.winansintl.com.
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The agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
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Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
April 25 -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
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Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25