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MBS Day Ahead: How Much Might Today's Fed Minutes Matter?

(Mortgage News Daily) - 9 hours, 18 minutes ago...
 Posted To: MBS CommentaryToday's biggest calendar item is the release of the FOMC Minutes at 2pm. The Minutes provide synopsis of the meeting that took place in the 2 days leading up to the official Fed announcement in late July. That announcement was very little changed from the previous announcement, but the Fed did take the opportunity to telegraph September's widely anticipated launch of the balance sheet normalization program. The normalization program was laid out in detail at th...
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Mansions in Denver are selling more quickly and for more money

(BIZ Journals) - 9 hours, 18 minutes ago...
 Multi-million-dollar homes in the Denver area sold more quickly in July and sold for more money, according to a new report. It took only an average of 56 days for a home priced at $1 million or more to sell in July, compared with 65 days in July 2016 and 75 days in June, according to a new report by Coldwell Banker Residential Brokerage. And the median sale price for luxury homes rose nearly 4 percent in July, rising to $1,365,000 from $1,315,000 in July 2016. Eight homes priced at $3 million...
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Offshore drilling mergers raise hopes for sector recovery

(Yahoo) - 10 hours, 23 minutes ago...
 By Liz Hampton HOUSTON (Reuters) - Mergers among offshore oil drillers are raising hopes that consolidation could bring relief to a sector struggling to emerge from an industry downturn triggered by low crude prices. Transocean Ltd, one of the world's largest offshore drilling contractors, on Tuesday agreed to buy Norwegian rival Songa Offshore SE for $1.1 billion. The deal follows Ensco Plc's pending purchase of Atwood Oceanics Inc in a transaction valued at $839 million....
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As fast-growing community nears buildout, Houston developer ponders what’s next

(BIZ Journals) - 1 days, 9 hours ago...
 “With the oil slump, we really thought land prices would come down, but they didn’t. They went up.” ...
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Housing market remains strong despite low inventory

(BIZ Journals) - 1 days, 9 hours ago...
 Western Pennsylvania's housing market continued strong despite less inventory, according to the latest data from the West Penn Multi-List Inc. Closed sales are up 3.3 percent, and closed sales volume is up 5.6 percent between January and July 2017 compared to the same period a year ago. There were 16,408 homes sold in a 17-county area of western Pennsylvania. Average sale price is $181,061, up 2 percent from $177,264 a year ago. Details about the home sales and locations weren't avail...
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​Oahu, Big Island condo boom reaches Maui

(BIZ Journals) - 1 days, 19 hours ago...
 Hawaii condominium sales have been increasing at a faster clip recently when compared to single-family homes on Oahu, the Big Island, and most recently, Maui. According to a recent housing report by the Realtors Association of Maui, year-to-date closed sales for condominiums on Maui are up 7.3 percent, with the median price up 10 percent, while single-family home sales inched up only 1.6 percent. There were 812 closed condominium sales during the first seven months of the year, up 7.3 percent ...
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9News: Huge Colorado ranch listed for $105 million finds a buyer (Video)

(BIZ Journals) - 1 days, 19 hours ago...
 By Kelly Jensen, KUSA-9News An unknown buyer is now the proud owner of a Colorado 14er — Culebra Peak, elevation 14,053 feet — and the surrounding 83,368 acres. Cielo Vista Ranch is described by the broker agency, Mirr Ranch Group, as “one of the largest, most pristine private properties in North America.” The property was listed at $105 million and has been on the market since 2015. The final sale price and the buyer’s name have not yet been disclosed. Along wi...
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