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Author Archives: Tory Barringer

Tory Barringer began his journalism career in early 2011, working as a writer for the University of Texas at Arlington's student newspaper before joining the DS News team in 2012. In addition to contributing to DSNews.com, he is also the online editor for DS News' sister publication, MReport, which focuses on mortgage banking news.

Pending Sales Numbers Indicate ‘Flattening Market’

The National Association of Realtors' pending home sales index, which serves as a forward-looking indicator for closed existing-home sales one-to-two months out, bumped up slightly in November to 101.7 from October's downwardly revised reading of 101.5. The trade group said the data indicates a """"flattening market"""" but stressed that 2013 as a whole has produced """"the best sales total in seven years.""""

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Homes’ Days-on-Market Remain Low in November

Following a post-summer slowdown, homebuyers across the nation put a little more force on the accelerator in November. According to a recent report from Redfin, 27.2 percent of homes in 23 metros across the United States went under contract within two weeks of listing during the month of November. Despite being frustrated with a lack of selection, homebuyers are ready to move quickly when they find a home they like, the company says.

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RIO Software Solutions Opens Free Online ‘Broker School’

RIO Software Solutions, the parent company of RIO Genesis Software system, has unveiled a new free online education series called """"Broker School."""" It offers lessons on how to open, grow, and manage a profitable real estate office, with topics ranging from basic operational fundamentals to lead management and agent recruitment.

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Banks’ Quarterly Earnings Expected to Disappoint

Bank stocks were reportedly up in Q4 2013, but under current market conditions, the investment firm FBR Capital Markets doubts most banks will live up to the hype when quarterly earnings are reported. FBR says weak loan growth and margin pressures will likely drive down mortgage banking results. Based on secondary market observations, the firm estimates last quarter's mortgage activity to be down nearly 50 percent year-over-year.

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GSE Forecasts ‘Continued but Measured Housing Recovery’ in 2014

Fannie Mae's forecast shows a mostly optimistic view of the coming year. The GSE expects the housing sector to double its contribution to overall GDP growth in 2014, which is predicted to come in at 2.9 percent. The 2014 forecast accounts for three key drivers: an acceleration in spending activity from the private sector, waning fiscal drag from the government, and the housing market's ongoing recovery.

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