Davenport Real Estate News

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  • Housing data hits Wall Street

    14 min ago | via Iol.co.za 

    US stocks closed lower on Monday, with the S&P 500 suffering its biggest one-day decline since early August, as the latest housing data came in much weaker than expected, raising new concerns about the rate of growth in the economy. Equities were also pressured after China's finance minister indicated the country would not increase stimulus measures in response to some weak data of its own.

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    Related Topix: Financial Markets, Housing

  • China's Large Banks May Relax Mortgage Policies: Sho...

    18 min ago | via Barron's 

    Shanghai Securities News today said China's four largest policy banks - ICBC , Bank of China , Agricultural Bank of China and China Construction Bank - may relax the standard for "first-home purchases" to support China's sliding property market. Those qualified as "first-home purchases" only need to put down 30% down payment and enjoy relatively cheap mortgage.

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    Related Topix: Home, Mortgage, Mortgage, Personal Finance

  • Millennials Leave Their Parents' Basements, But Not ...

    25 min ago | via Townhall 

    With cash-paying investors on full retreat, existing home sales dropped 1.8% in August , according to the National Association of Realtors. Lawrence Yun, NAR chief economist says that's a good thing because "first-time buyers have a better chance of purchasing a home now that bidding wars are receding and supply constraints have significantly eased in many parts of the country."

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    Related Topix: Housing, Home Selling, Home, Real Estate, Opinion

  • Why Private Student Loans Could Be a Better Deal Tha...

    28 min ago | via Credit.com 

    There's a consensus in the student loan world that students and their families should consider taking out federal loans before applying for private ones , and there are sound reasons behind that logic: Many federal student loans have benefits like a repayment grace period, the option of applying for income-based repayment and loan-forgiveness programs . Federal loans are easier to get for undergraduate students , and they tend to carry lower interest rates than private loans.

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    Related Topix: Foreclosures

  • Americans' Housing Confidence Edges Up on Millennial...

    28 min ago | via Natl. Relocation & Real Estate 

    Overall, Americans are more confident in their housing market than at the start of the year, buoyed by optimism among millennials but with tempered expectations in general for future market performance, according to the latest ZillowA Housing Confidence Index . The headline U.S. ZHCI rose to 64.2 over the summer, up from 63.7 in January, and housing confidence increased among residents of 11 of the 20 major metro areas surveyed.

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    Related Topix: Zillow, Home Buying

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