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Seasonal Factors Drive Initial Claims to 4-Year Low

First-time claims for unemployment insurance fell 26,000 for the week ended July 6 to 350,000 the lowest level since March 2008, the Labor Department reported Thursday. The prior week's total was revised up to 376,000 from the originally reported 374,000.

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Zillow’s RentJuice Launches Android App

RentJuice: announced Tuesday the launch of its app for the Android platform, allowing more rental professionals to better communicate with clients and streamline content sharing while out of the office.

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GDP Growth at 1.9% in Q1 as Expected

The US economy grew at an annual rate of 1.9 percent in the first quarter, the Bureau of Economic Analysis reported Thursday in its third estimate of economic performance in the first quarter. The BEA report was consistent with market expectations but emphasized a moribund economy.

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Initial Jobless Claims Down from Prior Week, Still High

First time claims for unemployment insurance fell to 387,000 for the week ended June 23, from the prior week's 392,000, (revised from the originally reported 387,000) the Labor Department reported Thursday. Economists had expected the report would show 386,000 initial claims.

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HLP Launches Online Portal for Foreclosure Mediation

Together with GMAC Mortgage and the state of Maryland, HLP created the Portal as a way to ease the process by which homeowners can opt in for Maryland's foreclosure mediation program. Before now, homeowners have had to submit paper copies of documents to the state's Office of Administrative Hearings. With the added option of electronic submission through the Portal, it is hoped that more homeowners will take the step to opt in for mediation.

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