Direct homebuyer Opendoor getting into mortgage business

Direct homebuyer Opendoor getting into mortgage business

Late last year, Opendoor, an online marketplace that buys homes directly from homeowners, announced that it raised $210 million to fund the company’s expansion beyond the two markets where it initially launched. The company currently operates in Phoenix and...
Here are the top 10 metros where Millennials are moving

Here are the top 10 metros where Millennials are moving

Despite the idea that Millennials move around and don’t want to be tied down, young people today are actually less likely to move than previous generations. In fact, data from the U.S. Census Bureau shows the mobility rate for young people currently sits at the...
GDP estimate surges to 3% in second quarter

GDP estimate surges to 3% in second quarter

Real gross domestic product surged in the second quarter to a level not seen since the first quarter of 2015, according to the second estimate from the Bureau of Economic Analysis. The second estimate shows GDP in the second quarter increased to 3%. This is up from...
ADP: Employment increases 237,000 in August

ADP: Employment increases 237,000 in August

Employment is set to boom in August, surpassing last month’s increase, according to the ADP and Moody’s Analytics National Employment Report. The report predicts an increase of 237,000 jobs in August, up significantly from last month’s...
Case Shiller shows home prices reach all-time high

Case Shiller shows home prices reach all-time high

Home prices reached an all new high across the U.S. in June, according to the latest index released from S&P Dow Jones and CoreLogic. Nationally, home prices increased 5.8% from June 2016, up from May’s gain of 5.7%, to hit an all new high, according to the...