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Freddie Sees Stronger Housing Market This Fall
Mortgage Professional America, Oct. 1, 2019--Jann SwansonDespite expecting an economic slowdown as reflected in the gross domestic product, Freddie Mac published a pretty upbeat September forecast as the month, the third quarter, and the government's fiscal year ended on Monday.
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CoStar Agrees to Buy Hotel Data Firm STR
Wall Street Journal, Oct. 1, 2019--Peter Grant (subscription)CoStar Group Inc., which has built a multibillion-dollar business out of selling commercial real estate data, is making its biggest push so far into the hotel business by agreeing to pay $450 million in cash for STR, one of the world's largest hotel data firms, the companies said Tuesday.
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Most First-Time Buyers Prefer Remote Financial Literacy Counseling
National Mortgage Professional, Oct. 1, 2019--Phil HallWhen it comes to financial counseling for newcomers to the homebuyer market, the majority of first-time buyers prefer to receive their information remotely rather than during in-person courses, according to a new study from Abt Associates.
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Kraninger’s Stance on CFPB Constitutionality Puts Rules in Limbo
National Mortgage News, Oct. 1, 2019--Kate Berry (subscription)By declaring that the Consumer Financial Protection Bureau is unconstitutional, CFPB Director Kathy Kraninger has potentially opened a floodgate of litigation against the agency.
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Manhattan Resale Home Prices Drop Most Since ’11 as Sellers Cave
Bloomberg, Oct. 2, 2019--Oshrat CarmielResale prices for Manhattan apartments tumbled the most in more than eight years, pushed down by buyer demands for discounts in a market swamped with choices.
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There’s a Tech Revolution Happening in Commercial Real Estate
Scotsman Guide, Oct. 1, 2019--Victor WhitmanScotsman Guide interviewed MBA Vice President of Industry Technology Rick Hill about the tech revolution happening right now in commercial real estate.
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U.S. Manufacturing Dives to 10-Year Low as Trade Tensions Weigh
Reuters, Oct. 1, 2019--Lucia MutikaniU.S. manufacturing activity tumbled to a more than 10-year low in September as lingering trade tensions weighed on exports, further heightening financial market fears of a sharp slowdown in economic growth in the third quarter.
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