Archive | July, 2014

Zillow Announces Acquisition of Trulia for $3.5 Billion in Stock

Combination of companies sets stage to offer more real estate tools and services that empower consumers and drive more business for real estate professionals Jul 28, 2014 SEATTLE and SAN FRANCISCO, July 28, 2014 /PRNewswire/ — Zillow, Inc. (NASDAQ: Z) today announced that it has entered into a definitive agreement to acquire Trulia, Inc. (NYSE: TRLA) for $3.5 billion in a stock-for-stock […]

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Chinese homebuyers are flocking to these U.S. states

By Les Christie  @CNNMoney July 23, 2014: 5:11 PM ET NEW YORK (CNNMoney) Chinese buyers are now the biggest international players in the U.S. housing market and some states are seeing billions of dollars in real estate deals as a result. More than half of the $22 billion Chinese buyers spent on U.S. homes during the 12 months ended […]

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Price reductions entering Coachella Valley summer market

Dominique Fong, The Desert Sun  12:16 a.m. PDT June 30, 2014 The stunning hillside estate once owned by Joseph Wambaugh, a best-selling novelist famous for his police work stories, was listed about a year ago for $12 million. The 1993 gated home of simple glamour in Thunderbird Heights boasts views of Rancho Mirage and the […]

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Five Takeaways: Where is the U.S. Housing Market Headed?

By NICK TIMIRAOS Tuesday’s housing reports paints a picture of a housing market that may slowly be gaining some balance. Home prices aren’t going up as fast as they were a year ago, when talking heads were buzzing about a potential bubble. And sales of new homes, which have struggled to increase from relatively low […]

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Nomura: Fear is keeping housing demand pent-up

Potential homebuyers disqualify themselves June 25, 2014 Trey Garrison There are a lot of things wrong in housing hampering the entire industry, and Nomura’s U.S. analysts think they figured out at least one that few other have discovered. The unimaginative financial pundits blame the weather for the housing industry’s weak tea in 2014. The money take […]

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Cash Sales Decline; Still Dominate Lower-Priced Homes

  Author: Krista Franks Brock June 20, 2014 Home purchases made with cash are on the decline across the country, according to Zillow, but cash sales still make up a significant portion of the lower-priced home market in many areas. Cash sales declined year-over-year in the first quarter in 102 of the 126 metro areas Zillow observes. Zillow […]

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Housing prices cooling slightly

Kathleen Pender Updated 5:49 pm, Wednesday, June 25, 2014 Although it might not seem like it in San Francisco, the overheated housing market seems to be cooling off. It’s not that home prices are falling, they are just rising at a slower pace. This week S&P/Case-Shiller reported that its 20-city home price index rose “only” 10.8 percent in […]

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International buyers are looking for more than just vacation homes

Focus shifts to urban areas Ben Lane June 19, 2014 1:00AM For years, international buyers have looked to buy properties in markets like Miami, Aspen and Palm Springs when searching for the perfect place for their “holiday.”According to new data from Trulia (TRLA), international house hunters are shifting their focus away from traditional vacation areas to dense, […]

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5 Surprising Missteps That Sabotage Mortgage-Seekers

Your mortgage application could be rejected automatically simply because you’re disputing a charge on a credit card. By Scott Sheldon While credit standards have somewhat loosened up in home lending, make no mistake, getting a mortgage these days still requires scrutinizing your complete financial picture — especially your debts and your current credit standing. Here are […]

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Housing Isn’t Overvalued, Except in These 10 Spots

12:09 pm ET Jun 24, 2014 By STEVEN RUSSOLILLO A deluge of U.S. housing data this week point to a sector that is bouncing back from the winter doldrums, but experts say the real estate market is still far from the bubble-like conditions it reached before the financial crisis hit. That’s the takeaway from online real-estate […]

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