The online real estate company will now be buying and selling homes directly in a third market
Paul Watkins will lead the bureau's Office of Innovation
American borrowers have come to regard the 30-year fixed rate mortgage (FRM) as the be all and end all of all residential lending products.
The housing recovery is expected to grow at an annualized rate 0.6 percent through the third quarter of this year, then gain momentum and prices are projected to grow 3.7 percent between the third quarters of 2013 and 2014
As retrospective analysis of 2012’s economic returns becomes more fleshed out, some pretty astounding figures are emerging.
In recent months, American taxpayers have witnessed quite a few realities with regard to the national budget.
As the political showdown over the United States budget deficit continues with the early days of the sequestration, government agencies are beginning to asses the impact of the sudden spending cuts.
Residential real estate has gone from dismal to a sellers' market in just over a year. Once home prices stopped finally declining in early 2012, investors picked up their pace of acquisition in regional markets that where particularly affected by the housing downturn: Phoenix, Las Vegas, South Florida, and various markets in California. Inventories in those markets quickly tumbled, but that same situation is spreading to other metropolitan areas.