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Connecticut Home Sales Post Increase in January

Single-family homes sales in Connecticut rose 2.0 percent in January, according to a new report from The Warren Group. The month-to-month gain in January marks the ninth consecutive month of home sale increases for the state.

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Cold Weather Still Affecting Some Markets

2015 HUD

A release issued by the Minneapolis Area Association of REALTORS (MAAR) gave an in-depth look at how the nationwide cold weather this past January and February affected local, cold weather markets. Freezing weather hurt new listings, which declined 5.0 percent. Despite the drop in listings, MAAR is more bullish for the spring and summer months, expecting overall seller activity to increase.

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U.S. Bank Accused of Housing Discrimination

The National Fair Housing Alliance (NFHA) and four of its member organizations announced new evidence of housing discrimination by U.S. Bank, N.A. The civil rights groups allege that U.S. Bank maintains and markets foreclosed homes in white neighborhoods, in "a much better manner than in African-American and Latino neighborhoods," according to a press release issued by the NFHA.

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114 More Jobs Cut by Bank of America

Bank of America filed a Worker Adjustment and Retraining Notification (WARN) with the Texas Workforce Commission (TWC), alerting the TWC of impending layoffs in three of the bank's North Texas offices. The notice was sent on March 3, detailing layoffs of 114 workers from two offices in Plano, Texas and one in Richardson, Texas.

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California Loses Jobs in January

A report issued by the Wells Fargo Economics Group noted that California lost 31,600 jobs in January—the largest single-month decline in over four years. Non-farm payrolls declined .2 percent during the month of January. The decline from December, 2013 to January, 2014 was the largest one month drop since September, 2009.

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Rising Home Prices Shrink California Distressed Sales

The California Association of Realtors (CAR) released a new report, revealing sales of distressed homes have plummeted in the past five years. In January, 2009, 69.5 percent of all homes sold in California were distressed, which included short sales and real estate-owned properties (REO). The report issued Monday noted that five years later, distressed home sales made up only 15.6 percent of sold homes.

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High-End Home Sales Rise in California

The number of homes sold for more than $1 million in California increased 45.1 percent in 2013 against 2012, according to real estate information service DataQuick. Last year, 39,175 homes sold over the million dollar mark versus 2012's 26,993 homes. Of those homes, 10,602 were bought with cash. Those homes that were financed in this price bracket had a median down payment of 30 percent.

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Vectra FS, Valuation Vision Introduce RepairSmart BPO

Vectra Field Services, a provider of pre-foreclosure and REO mortgage field services, and Valuation Vision, a company specializing in alternative valuation products and technology solutions, together announced the launch of RepairSmart BPO, a new property valuation report.

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