National News
By Peter Ricci In an effort to shore up its struggling finances, the Federal Housing Administration (FHA) has announced that it will be tightening its mortgage standards and policies for certain homebuyers in 2013. The FHA’s finances have been
By Peter Ricci The multifamily housing market continued its dominant performance in the American Institute of Architects’ (AIA) Architecture Billings Index, a leading economic indicator of future construction activity that is based on the billings from the nation’s architectural firms.
By Peter Ricci There was nothing but good tidings and cheer in the National Association of Realtors’ (NAR) existing-home sales report for November, which found existing-home sales to have increased 5.9 percent from October to November and 14.5 percent
By Peter Ricci Building permits increased 3.6 percent from October to November and 26.8 percent year-over-year in the latest joint study by the U.S. Census Bureau and the Department of Housing and Urban Development. Altogether, between single-family and multifamily
By Peter Ricci The National Association of Home Builders/Wells Fargo Housing Market Index, the leading measure of builder confidence for the newly-built, single family home market, rose for the eighth consecutive month in December, hitting its highest mark since April
By Peter Ricci Declining foreclosure activity and strengthening home sales contributed positively to home prices in October, with FNC’s latest Residential Price Index increasing 3.7 percent year-over-year for the month. In addition, the Residential Price Index was up 0.4
By Peter Ricci The American Enterprise Institute strikes again! After being one of the first major research firms to call the Federal Housing Administration’s (FHA) finances into question, the Institute has published another analysis of the FHA’s books, and
By Peter Ricci Some of the nation’s top homebuilders, including PulteGroup and Lennar Corp., are finding a substantial revenue stream from an unlikely source – mortgage lending. Both builders, reports Bloomberg, have seen sizable returns from their in-house mortgage
By Peter Ricci The precipitous decline of mortgage interest rates has been one of the major stories in real estate in 2012, but recent actions by the Federal Reserve has some thinking that rates could fall even further in
By Peter Ricci In the last few years, there have been some big changes in Cuba. Fidel Castro is no longer in power, having passed the baton to his young brother Raul; citizens are allowed to purchase cell phones;
By Peter Ricci In its latest American Dream Survey, real estate website Trulia found that 93 percent of millennials who rent plan to purchase a home some day, and 72 percent of the entire demographic consider homeownership to be part of
By Peter Ricci The holiday season is often a strange one for real estate agents, many of whom are winding down their business for the year, closing up any loose ends from the summer homebuying season, or, for the
By Peter Ricci A new report from the Wall Street Journal is validating what many have been suspecting for months – President Obama is planning on replacing Acting Federal Housing Finance Agency Director Ed DeMarco by early next year, and
By Peter Ricci The for-sale-by-owner (FSBO) market is one of untapped potential, like an oil reserve that real estate agents haven’t quite reached yet. After all, these are consumers who are looking to sell their homes, but are not
Despite the continued economic uncertainty involving the fiscal cliff, consumers are increasingly confident about the U.S. housing market, as Fannie Found in its National Housing Survey for
By Peter Ricci The Multifamily Production Index, the National Association of Home Builder’s (NAHB) measure of builder sentiment in the apartment/condominium market, was positive again in the third quarter with an index level of 52. That’s the third straight
