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Record number of homes sold in Champaign County in November

Homes sales were up 33 percent over the 177 sold last November. Year to date, 2,853 homes have been sold, up 12.2 percent from last year through November. And home sale prices are also increasing, with the median home sale price in November at $177,300, up more than 14 percent from $155,000 a year ago. “Showing activity remains considerably higher than a year ago, suggesting the holidays are not stopping or slowing home sales that could make this winter one of the best on record for sales activity,” said Liz McDonald, the president of the local real estate organization. She said inventory is still limited, so homes aren’t lasting long on the market. Homes were on the market for an average of 71 days in November, down from 86 a year ago.

Ocwen Financial Accelerates Growth Trajectory With Strategic Relationship With Oaktree and New Servicing Contracts

Share: Enters into definitive agreement with Oaktree to launch MSR investment vehicle; expected to add approximately $50 to $60 billion of subservicing Oaktree may purchase up to 7.9% of newly issued Ocwen stock at closing Awarded new contracts projected to add $30 to $40 billion in servicing WEST PALM BEACH, Fla., Dec. 22, 2020 (GLOBE NEWSWIRE) Ocwen Financial Corporation (NYSE:OCN) ( Ocwen or the Company ), a leading non-bank mortgage servicer and originator, today announced significant developments on the Company s growth plans that are expected to generate approximately $80 to $100 billion of new servicing UPB in the aggregate. Ocwen has entered into a definitive agreement with funds managed by Oaktree Capital Management, L.P. (collectively, Oaktree ) to form a strategic relationship that will acquire and hold mortgage servicing rights ( MSRs ) through a licensed entity, or MSR asset vehicle ( MAV ). The newly-formed company is expected to invest up to $250 million of

First-time Buyers at Disadvantage as Housing Prices Surge

First-time Buyers at Disadvantage as Housing Prices Surge On 12/22/20 at 8:25 AM EST The U.S. housing market has rebounded from the low hit last spring during the worst of the coronavirus pandemic, the Department of Housing and Urban Development reported. Sales of new and existing houses are driven by low mortgage rates and a desire by many to leave cities for the suburbs. The robust housing market underscores the growing split between those who could work from home during the pandemic and remained employed, and those who couldn t, and didn t. Lean housing inventories have led to bidding wars in many markets, pricing many first-time buyers out of the market.

Portland homes for sale dip to lowest level ever as prices spike in bidding wars: Cash is king | Ap

Portland homes for sale dip to lowest level ever as prices spike in bidding wars: Cash is king | Ap
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