We’ll add more market news briefs throughout the day. Check back to read the latest. Most recent market news Wednesday, May 24 Black Knight’s First Look at April 2017 Mortgage Data First-lien mortgage delinquencies rose by 13 percent, the largest monthly increase since November 2008 Month-over-month, the number of borrowers past due on mortgage payments […]
In 2009, Netflix gave $1 million to BellKor’s Pragmatic Chaos technology team for building a better movie rating prediction algorithm (to the tune of 10.06 percent) than the one Netflix had been using. It appears that 2017 is the year Zillow follows in the media platform’s footsteps; the company just announced Zillow Prize, which will […]
A family of homebuilders is suing Zillow Group over the Zestimate. The suit, which is seeking class-action status, alleges that Zestimates are illegal appraisals and violate consumer protection laws by pressuring sellers seeking clarity on their home’s value to hire brokers, among other reasons. The attorney representing the family, Barbara Andersen, had sued Zillow Group over her […]
The March 2017 existing-home sales numbers from the National Association of Realtors (NAR) contained some hope that maybe (maybe!) inventory was about to normalize, with sales reaching their fastest seasonally adjusted annualized growth pace since February 2007. That hope was dashed with the release of NAR’s April numbers. Sales fell 2.3 percent from March’s rate, […]
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