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Will appraisals soon need to indicate a home's driving distance to the nearest cold-brew drive-through? Could be. According to a new study by the Harvard Business School, when an outlet for Starbucks opens in a community, home prices in that ZIP code rise by 0.5 percent within one year. The information emerged from a larger study on gentrification which was conducted using census data as well as data from Yelp . The study's authors say that Yelp may be a potential new tool for policymakers to monitor gentrification, the process of rebuilding homes and businesses in an area followed by an influx of more affluent residents. As this is often at the expense of earlier, often less well-off residents, it tends to be a volatile subject. The researchers say one big issue is the lack of consistent data
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Housing News
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Will appraisals soon need to indicate a home's driving distance to the nearest cold-brew drive-through? Could be. According to a new study by the Harvard Business School, when an outlet for Starbucks opens in a community, home prices in that ZIP code... (read more) |
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Mortgage Rate Watch
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Mortgage rates have only been moving higher gradually , but things are adding up . Today's move brings them to the highest levels in nearly a month. In recent weeks, I've made it a point to qualify the actual pace of the movement by drawing a distinc... (read more) |
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Rob Chrisman
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If we’ve learned anything in the last ten years, it’s rarely a good thing when a lender is the focus of a story in the mainstream press, and this is no exception: “CashCall stopped making loans, but its founder, targeted by regulato... (read more) |
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Housing News
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Purchase applications increased slightly during the week ended August 31, but overall mortgage activity fell slightly according to the Mortgage Bankers Association (MBA). Its Market Composite Index, a measure of application volume, was down 0.1 perce... (read more) |
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MBS Commentary
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Some economic reports matter when it comes to bond market movement potential, and many don't. The tricky thing about econ data is that reports that HAVE had an impact in the past can easily get caught up in a newfound cycle of irrelevance.&nb... (read more) |
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MBS Commentary
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The first two trading days of September introduce a somewhat serious threat to the calm, sideways range that dominated the past 3 weeks. Granted, the rate spike in late July introduced a similar threat to the similar sideways range and we liv... (read more) |
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