National News
We’ve been exploring the rapidly falling housing inventory for some time now, and though analysts have offered explanations for the decline, we had not yet seen a consumer-driven survey on the issue – until now with Redfin’s Real-Time Home Seller Survey. A
The National Association of Home Builders latest Home Builders/Wells Fargo Housing Market Index (HMI) rose for the fourth consecutive month in August, reaching its highest point in more than five years. A measure of builder confidence for the newly-built, single-family
Housing affordability was one of the hidden jewels of the post-boom housing market, as falling home prices offered prospective buyers one of the best opportunities in decades to enjoy the benefits of homeownership. As the latest quarterly report from
Housing starts in July were up 21.5 percent from last year, according to the latest joint report from the U.S. Census Bureau and the Department of Housing and Urban Development. Additionally, building permits, which are the clearest signal for
By Stephanie Sims They say real estate is a great investment, but we’re not sure they meant entire towns of real estate. According to the Huffington Post, quite a few people have named the right price and bought themselves
By Peter Ricci It was just last week that Mitt Romney announced Wisconsin representative Paul Ryan as his running mate for the 2012 election, and already, analysts and journalists alike are combing through Ryan’s voting records and position statements
New household formation increased by 125,000 year-over-year in 2012’s second quarter to 74.8 households, and amidst those increases, one ethnic group stood apart: Hispanic homebuyers. While white and black households declined (by 649,000 and 81,000, respectively), Hispanic households grew,
By Peter Ricci The National Association of Realtors’ Confidence Index Report (RCI) is one of the broadest measures around for Realtor business, and the latest index’s finding on average listing time seems to be one of the most optimistic
By Peter Ricci Foreclosure filings in July fell by 10 percent from a year ago, according to the latest U.S. Foreclosure Market Report from RealtyTrac. Encompassing default notices, scheduled auctions and bank repossessions, there were 191,925 filings in July,
By Peter Ricci It’s one of the titanic arguments in the world of real estate – rent or buy? Indeed, few arguments in our beloved business inspire such fervent support, and few have been fueled more successfully by the
By Peter Ricci According to analysis of government documents, the three big government housing institutes – Fannie Mae, Freddie Mac and the Department of Housing and Urban Development (HUD) – have decreased their REO housing inventory by more than
By Peter Ricci The seasonally adjusted delinquency rate for mortgage loans on one-to-four unit residential properties declined by 10 percent year-over-year in 2012’s second quarter, according to the Mortgage Bankers Association’s (MBA) latest National Delinquency Survey. Though the delinquency rate
By Peter Ricci Real estate website Trulia is reporting that, boosted by fewer housing vacancies and relatively impressive job growth, asking prices have risen in its Trulia Price Monitor for the sixth straight month. A leading indicator on home
Mortgage giant Fannie Mae released the findings of its second-quarter financial report earlier today, highlighting its net income, loan volumes and, naturally, its continuing health in the recovering mortgage markets. Overall, the GSE reported a net income of $5.1
By Peter Ricci The National Association of Realtors completed the long-anticipated merger of its virtual Realtors Federal Credit Union (FCU) with the Northwest Federal Credit Union on August 1, effectively opening to its members a new range of financial
By Stephanie Sims Home mortgage rates are hovering near a record low. And home prices are still lower than a few years ago. But that doesn’t mean Texans are getting a break when it comes to some of the