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Real Estate

Homebuilders’ confidence rises with demand for new homes

Confidence among home builders grew in August alongside the rising demand for new homes, according to the National Association of Home Builders and Wells Fargo Housing Market Index. After falling last month to 64 due to rising material costs, the index increased once again in August to a level of 68 points, according to the HMI report. … Real Estate

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German Economy Posts Fastest Annual Growth Rate in Three Years in Second Quarter

Shutterstock photo Germany’s annual economic growth rate expanded by the largest amount since the first quarter of 2014 on a calendar and price-adjusted basis in the period from April to June this year, as positive contributions from domestic demand underpinned growth in the Eurozone’s largest economy. Gross domestic product ( GDP ) rose by 2.1% in the second quarter of ...

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China Banks Upgraded to Overweight

CIMB has upgraded Chinese banks to overweight, arguing they are undervalued and a good way to play a cyclical recovery. The upgrade for the banks, coupled with a downgrade for property to underweight, came as the broker said that a re-rating of Chinese stocks was well under way.  The MSCI China and the Hang Seng Index are up 34% and ...

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How smart is too smart for a smart home technology?

The words digital mortgage and e-closing may just be getting to the mortgage finance world, but the home technology world is light years ahead. A new article from NPR by Liz Reid showcased exactly how far smart home technology has come.   From adjusting the temperature for when owners get home to knowing when there is no… Real Estate

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Ringleader of elaborate mortgage fraud scheme gets 10 years in prison

The alleged ringleader of a complex mortgage fraud scheme will spend the next 10 years in New Jersey state prison for his involvement in a scheme that involved using fake sellers, fake attorneys, fake title insurance agents, fake notaries, and a number of fake businesses to steal nearly $ 1 million from mortgage lenders in a series of transactions. According ...

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Tesla, Inc. Bonds See Overwhelming Demand

Tesla continues to have no trouble raising money to help fund its capital-intensive expansion for Model 3 production ramp-up. Despite receiving a junk rating from Moody’s , Tesla ‘s (NASDAQ: TSLA) bond offering last week was oversubscribed. Tesla announced on Friday that its proposed $ 1.5 billion senior note offering ended up generating $ 1.8 billion in aggregate principal notes, or ...

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