Auction.com, an online marketplace for foreclosure and bank-owned properties, announced industry veteran Patrick McClain as its new senior vice president of Auction portfolio operations. Under McClain’s direction, Auction.com’s portfolio operations will focus on optimizing real estate owned disposition services by establishing partnerships with third-party vendors, agents and its clients’ asset management companies. “Patrick McClain is
Ergonomics is a major trend in the working world. Small changes in the ergonomics of the workplace decrease the risk of serious falls, back pain, and joint injuries. The same is true at home, especially in three common home ergonomic warning zones: the kitchen, bathroom, and garage or attic. Here are some organization tips to
Millennials are now ages 18 to 36, and while they have pushed off entering the housing market longer than other generations, they are now moving towards settling down. Actually, as Millennials get older, they are increasing homeownership rates faster than in previous years, according to research from Fannie Mae. Their credit scores are improving as
The ADP National Employment Report predicted a gain in jobs in September similar to the previous month’s increase. Jobs are set to increase by 154,000 in September, according to the report. In comparison, August’s increase came in at 151,000. “The current record of consecutive monthly job gains continued in September,” Moody’s Analytics Chief Economist Mark Zandi said.
The most recent ADP National Employment Report predicts employers continued to hire, and add jobs to the economy, all through September. Jobs are set to increase by 154,000 in September, according to the report provided today by the payroll services company. In comparison, August’s increase came in at 151,000. “The current record of consecutive monthly job gains continued in September,” Moody’s
Home prices increased in August both monthly and annually, according to the Home Price Index and HPI Forecast released by CoreLogic, a global property information analytics and data-enabled solutions provider. Home prices, including distressed sales, increased 6.2% annually in August and 1.1% from July, according to the CoreLogic HPI. “Home prices are now just 6%
Distressed sales slipped down in June by 2.2% from last year and 0.8% from May, according to the latest report from CoreLogic. Within the distressed category, real estate owned sales accounted for 4.9% of the distressed sales and 2.9% of total home sales in June. This is a decrease of 1.9% from June 2015, and
Despite the growing prominence of low down payment mortgages, first-time homebuyers believe they need to put 20% down to compete in today’s market, but it’s not true given current market conditions, according to real estate agents across the country. Redfin conducted a survey between Sept. 15 and Sept. 18, receiving responses from 762 real estate agents
Cash sales fell to less than 30% for the first time since the housing crisis began, according to the latest report from CoreLogic. Cash sales decreased in June, down 2.5 percentage points from last year and 0.9 percentage points from May to 29.3%. This is down significantly from the cash sales peak in January 2011
The S&P CoreLogic Case-Shiller Indices came out today, showing yet another increase in home prices in July at a slightly faster rate than June. In fact, this increase was just 0.6% short of the record high set in July 2006. The industry’s reaction compared this increase to the recent increase in household income. All seem