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Mon, 28 Jul 2014 16:06:00 GMT
- Prices Increases Continued in May Black Knight says

Posted To: MND NewsWire

The Home Price Index (HPI) released on Monday by Black Knight Financial Services showed another strong month-over-month gain for housing values in May. The HPI increased by 0.9 percent to a value of $239,000 from $236,000 in April. The index is up 3.4 percent from the beginning of 2014 when it registered at $231,000 and 5.4 percent from May 2013 when the value was $224,000. Black Knight's Data and Analytics Division bases its HPI on residential real estate transactions combined with information from its own property and loan level databases. This is used to produce a repeat sales analysis for more than 18,500 U.S. ZIP codes. Prices accelerated the most in Rhode Island which was up 1.5 percent for the month and in Michigan, Colorado, and Connecticut, each of which rose +1.4 percent. Five...(read more)

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Mon, 28 Jul 2014 15:13:00 GMT
- Zillow to Acquire Trulia; both Companies to Maintain Course

Posted To: MND NewsWire

Zillow, the Seattle based company which started out in the mid-2000s as a website where one could check on one's own and one's neighbor's property values and has grown to a large on-line source of information on homes for sale is acquiring another housing boom start-up, Trulia. The purchase, which actually appears to be more of a merger, was confirmed on Monday and will give $3.5 billion in Zillow stock to the company's stockholders. The boards of directors of both companies have approved the transaction which is expected to close next year . The two companies are self-described as primarily media companies which generate the majority of their revenue through advertising sales to real estate professionals. A corporate press release said that despite continued growth as public companies, "significant...(read more)

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Mon, 28 Jul 2014 14:40:53 GMT
- Pending Sales Down but Holding above “Normal” Mark

Posted To: MND NewsWire

Pending home sales declined modestly in June after three months of what the National Association of Realtors® (NAR) called "solid gains." NAR's Pending Home Sales Index (PHSI) declined 1.1 percent to 102.7 in June from 103.8 in May. June's value was 7.3 percent below the level in June 2013 of 110.8. The May Index had surged by 6.11 percent compared to April, the largest month-over-month increase for the index since the period just before the end of the homebuyer tax credit in April 2010. Despite the June dip, that the index remained above 100 for the second month in a row is considered positive. Prior to the May surge the PHSI had failed to reach 100, which is viewed as an average level of contract activity, since November 2013. The PHSI is a forward-looking indicator of home sales based...(read more)

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