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China-based Home Builder to Invest $1 Billion in U.S. Operations

Per a press statement, "Landsea Group Co. Ltd., an internationally recognized home builder, has announced it will invest more than $1 billion in the U.S. housing market over the next several years beginning with residential developments in three of the country's largest housing markets--New York, Los Angeles and San Francisco."

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Negative Equity Update: As Progress Continues, Problems Plague the Lower End

Zillow senior director for economic research Svenja Gudell offers a series of bold observations tied to her analysis of the second quarter Zillow Negative Equity Report. National negative equity rates continued to decline in 2014 Q2, falling to 17%, down 14.4% from its peak (31.4%) in the first quarter of 2012. Importantly, Gudell notes, the 8.7 million homeowners still underwater map to a generational lock that continues to challenge normal market dynamics at the entry level.

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