Government

In the first full week after the storm, initial claims shot up 78,000 to 439,000--the highest level since April 2011--for the week ending November 10, the Labor Department reported Thursday. Economists expected 376,000 initial claims filings.

Redfin announced that as of mid-November, it has saved customers more than $100 million in real estate fees and reached more than $8 billion in home sales. According to Redfin, customers have saved more than $25 million on fees in 2012 alone. The company also boasts a satisfaction rate of 97 percent.

The holiday season has arrived, and for potential homebuyers hoping to celebrate winter in high style, a recently listed home in Aspen, Colorado, gives those seeking luxury properties the opportunity to own - or rent - the good life. Located in the tony Starwood area, the 13,500-square-foot estate is on the market for $18.5 million, but the owners are cashing in on Aspen's busiest time of year, also offering the home for rent at $90,000 per month.

WFG National Title Insurance Company is bolstering its leadership line up, recently adding a new company VP. Announcing the appointment of Rick Diamond, WFG is gaining a new VP of information technology for agency operations.

Zillow, Inc., a leading real estate information marketplace based in Seattle, Washington, announced that 33 additional real estate brokerages have signed on to participate in Zillow Pro for Brokers. In total, the number of participating brokerages is at 48.

The landscape of homeownership has undergone significant changes in recent years: The homeownership rate has declined, but so has the cost burden of owning a home. Both of these trends are most prevalent among young homeowners, according to a recent report from Fannie Mae. The national homeownership rate has declined in each of the past four years, according to the most recent Census data. The decline among those 25 to 44 years of age is more than twice the overall decline.

Bank of America announced it's on track to fulfill consumer relief requirements as part of the national mortgage settlement.

RE/MAX announced the launch of its RE/MAX Commercial website, the standalone site dedicated to data-rich commercial real estate listings, investor information, and other resources.

East Tennessee's largest credit union has attracted a big fish in the legal community. ORNL Federal Credit Union appointed T. Wayne Hood, Esq. as SVP and general counsel.

FDIC put a date on the closure of the last of its satellite offices established in the wake of the financial crash. The agency's East Coast Temporary Satellite Office (ECTSO), located in Jacksonville, Florida, will close April 5, 2014.