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1st Time Jobless Claims Continue to Drop

Continuing the drop in first time claims for unemployment insurance, initial filings fell 5,000 for the week ended September 21 to 305,000, the Labor Department reported Thursday. Economists had expected the number of claims to jump up to 330,000, from the 309,000 originally reported for the week ended September 14.

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Report Shows Home Price Rebound in Nearly 25 Percent of Key Markets

July property data from Homes.com shows that property values in nearly one-quarter of the top 100 U.S. markets have fully recovered. According to the site’s latest report, 22 of the top 100 markets in the United States reported price increases of more than 100 percent from their respective troughs, up from 19 the month prior.

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Household Net Worth Growth Slows in Q2

Household net worth improved $1.3 trillion in the second quarter -- half as fast as the first -- as real estate values grew $626.7 billion, the Federal Reserve reported Wednesday in its quarterly Flow of Funds report. But, with a drop in mortgage debt from $9.39 trillion in the first quarter to $9.34 trillion in the second, homeowner equity grew to 49.8 percent.

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Aug New Home Sales Recover From July Plunge

Builders lowered prices and buyers responded in August, pushing new home sales up 7.9 percent to 421,000, reversing almost half of July’s 64,000 drop in sales, the Census Bureau and Department of Housing and Urban Development reported Wednesday. Economists surveyed by Bloomberg expected June sales to rise to 425,000 from July’s originally reported 394,000.

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Low Expectations Weigh Down Consumer Confidence

Consumer confidence dipped in September as Americans expressed doubt over the current direction of economic conditions. The Conference Board’s Consumer Confidence Index, which picked up to 81.8 in August following a drop the month prior, fell to 79.

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July Case Shiller Indices Improve More Slowly

Home prices rose in July by less than two percent for the first time since March but still reached their highest level since August 2008, according to the Case Shiller Home Price Indexes released Tuesday. The 20-city index was up 1.8 percent in July 12.4 percent in the last year — while the companion 10-city index was up 1.9 percent.

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New Industry Technologies Marry Mobility and Compliance

Default servicing technologies are solving the most foreboding of challenges and revolutionizing the way business is conducted. From enabling process servers to validate their work straight from the field to standardizing background checks for property preservation vendors, today's solutions reinforce the mobile nature of the business and demonstrate a commitment to regulatory compliance and consumer protection.

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Trulia: Owning Remains Significantly Cheaper than Renting

Even though both home prices and mortgage interest rates have been steadily rising, owning a home remains significantly cheaper than renting at the national level and in most major markets, according to Trulia. While the gap is closing between renting and owning, the company's Summer 2013 Rent vs. Buy Report indicates overall, owning is still 35 percent cheaper than renting.

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Economist Decries New QRM Proposal

While many in the industry laud the recent changes the Consumer Financial Protection Bureau (CFPB) made to the proposed Qualified Residential Mortgage (QRM) rule, one economist says the new proposed rule sets the stage for another housing crisis.

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August Existing Home Sales At Pre-Recession High

Existing home sales rose an unexpected 6.5 percent in to an annual sales rate of 5.48 million, the highest level since August 2007 ten months before the onset of the Great Recession -- the National Association of Realtors reported Thursday. Economists surveyed by Bloomberg expected existing home sales to drop to 5.

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