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Down Payment Answers For The First-Time Home Buyer
Friday, July 26, 2019 - 2:36pm | 622First-time home buyer fully know the biggest obstacles to having keys in hand are financial. Without equity from the sale of a previous home, the millennial generation has a particularly difficult time with down payments. One reason: their early adult years came during the financially...
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Toll Brother's Solid Q3 Results Puts Homebuilders On Strong Foundation
Tuesday, August 21, 2018 - 11:37am | 637Shares of homebuilders are on a roll after luxury homebuilder Toll Brothers Inc (NYSE: TOL) reported forecast-beating third-quarter earnings, revenues and home deliveries. At the time of writing: Toll Brothers was rallying 11.92 percent to $38.86. Beazer Homes USA, Inc. (NYSE: BZH) was seen...
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Home Depot's Q2 Beat Comes Amid Home Sales Decline, Rise In Median Sale Price
Tuesday, August 14, 2018 - 10:07am | 460Shares of home improvement giants Lowe’s Companies, Inc. (NYSE: LOW) and Home Depot Inc. (NYSE: HD) are rising. Lowe’s plans to release earnings data later this month, and Home Depot’s results are indicative of the current market. What Happened Home Depot's second-...
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Existing Home Sales Data Shows A 'Strong Appetite' For Homebuying
Thursday, July 21, 2016 - 11:57am | 372Existing home sales in the U.S. rose in June and received a strong boost from first-time buyers. According to the National Association of Realtors, existing home sales rose 1.1 percent in June to a seasonally adjusted annual rate of 5.57 million. Sales are now higher by 3 percent compared to...
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Mortgage Rates Plunge To 3-Year Low Following Brexit Vote
Thursday, June 30, 2016 - 1:42pm | 310While it may take years to determine just how much the U.K.’s Brexit vote will impact global economies around the world, the Brexit has already had a meaningful impact on one major U.S. market: housing. Stock markets have been rattled, and global economic growth is now facing a number of...
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Goldman On Zillow: Traffic Growth Is Strong, Litigation Overhang Removed
Thursday, June 16, 2016 - 11:13am | 253According to the comScore data, unique visitors to Zillow Group, Inc.- Class A (NASDAQ: ZG) grew 32 percent year-on-year during April and May, consistent with 1Q. Goldman Sachs’ Heath P. Terry maintains a Buy rating on the company, while raising the price target from $34 to $38. Upside...
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Zillow Just Removed A 'Significant Overhang'; Class A Shares Up +9% In Pre-Market
Tuesday, June 7, 2016 - 8:18am | 350The $130 million settlement of Zillow Group, Inc.-Class A (NASDAQ: ZG) with News Corp (NASDAQ: NWSA) and the National Association of Realtors removed a "significant overhang" on the shares of real estate website, according to JMP Securities. "Importantly, the settlement does not alter any of Zillow...
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Homebuilder Investors Losing Confidence After Surprise Decline In Existing Home Sales
Monday, March 21, 2016 - 2:17pm | 338The National Association of Realtors reported an extremely disappointing U.S. existing home sales number for the month of February Monday morning. Home sales reportedly dropped 7.1 percent to an annual rate of only 5.08 million units, well off the 2.8 percent decline that economists were expecting...
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Existing Home Sales Hit 10-Year High For December 2015
Friday, January 22, 2016 - 1:07pm | 239U.S. existing sales rose nearly 15 percent in December, according to information released Friday by the National Association of Realtors. The seasonally adjusted annual rate of home sales for the year rose to 4.56 million, up from a rate of 4.76 million in November. This was the largest monthly...
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First-Time Homebuyers: Make Sure To Winterize
Friday, January 8, 2016 - 3:06pm | 1073Winter is officially and fiercely underway at this point, and for homeowners, that predictably means higher utility bills. For first-time homeowners especially, the places you can cut costs may surprise you. According to the National Association of Realtors®, the typical first-time homebuyer for...
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Ahead Of The Fed: Interest Rates And Your Mortgage
Sunday, December 13, 2015 - 9:09pm | 999For homebuyers, the go-to resources for information and education are generationally divided. Whether due to comfort or past experiences, where you look first or who you talk to first is statistically different based on your age bracket. According to 2015 National Association of Realtors®...
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Building Something With Homebuilders ETFs
Tuesday, December 1, 2015 - 9:12am | 521With the Federal Reserve inching closer to raising interest rates, investors are increasingly scrutinizing sectors and industries for positive correlations and vulnerabilities to higher borrowing costs. On the surface, consumer discretionary stocks and the corresponding exchange-traded funds would...
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Pending Home Sales Miss Big; How Markets Reacted
Monday, September 28, 2015 - 1:16pm | 399August pending home sales came in 1.4 percent lower than the July number. The National Association of Realtors reports that high prices are more to blame for a decline in sales than weakening demand. Total existing home sales for 2015 are projected to come in about 7.0 percent higher than 2014...
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U.S. Dollar Index Higher
Friday, September 18, 2015 - 2:41pm | 99The December U.S. Dollar Index is trading at 94.91, down 0.22. The U.S. Dollar index has recovered all the early losses and is trading near the highs of the session during late U.S. forex trading on Friday. ,p>Market talk about Thursday's U.S. Federal Reserve decision on monetary policy and...
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Zillow's DotLoop Acquisition Is Direct Competition To Realtors DocuSign
Thursday, July 23, 2015 - 11:12am | 635A heated competition to carve out prime digital real estate and win the hearts and minds of brokers and real estate agents is now being fought on the document battlefield. Zillow Group Inc (NASDAQ: Z) on Wednesday announced its first acquisition since its strategic $2.5 billion acquisition of...