National News

So, You Accidentally Bought A Meth Lab

By Stephanie Sims Imagine finding your dream home – then finding out that the home was used as a meth lab by its previous owners. No, this isn’t an idea for Breaking Bad to live on after its series

CoreLogic Home Price Index in August Hits Highest Mark Since 2006

By Peter Ricci Home prices increased 4.6 percent year-over-year in August in the latest CoreLogic Home Price Index, which is the largest yearly increase in more than six years. Indeed, not since July 2006 have home prices risen as

$1 Billion Realogy IPO Shows Increasing Confidence in Housing

By Peter Ricci Realogy, the real estate services company that owns Coldwell Banker and Century 21, is planning on going public late next week, and its IPO is expected to raise more than $1 billion from investors, according to

Residential Construction Spending Up 0.9 Percent in August

Residential construction spending increased 0.9 percent from July to August to a seasonally adjusted annual rate of $273.5 billion, according to new numbers out today from the U.S. Census Bureau. Overall, private construction spending was down by 0.5 percent from

Want Valuable Real Estate? Look to Street Names, Trulia Finds

By Peter Ricci When you’re around the housing industry long enough, you begin to see the common traits of valuable real estate – strong schools, great trim work, decent lots, and of course, the specific geographical location of the

3 Reasons Your Home Sellers Should List Their Properties in the Fall

By Peter Ricci Autumn is a season of many things – pumpkins, darkening foliage, and, of course, Jack Skellington – but it is not a season known for selling homes. As many an agent will attest, home sellers often

JPMorgan Chase: Shadow Housing Inventory Down 1.2 Million in 2012

By Peter Ricci Shadow housing inventory declined by 1.2 million in the first half of 2012, according to a new study by JPMorgan Chase of the ominous housing stock. The shadow market peaked at six million in 2010, and JPMorgan estimates

25 Percent of Americans Say Election a Factor in Homebuying Decision

By Peter Ricci Who says the political process doesn’t effect homebuying? According to a new survey from MortgageMarvel.com, 25 percent of Americans are taking the upcoming presidential election into consideration in their homebuying decisions. Conducted online by Harris Interactive, the survey

Pending Home Sales Index Up 10.7 Percent in August

By Peter Ricci The Pending Home Sales Index from the National Association of Realtors (NAR) declined in August, falling 2.6 percent from July but rising 10.7 percent from August 2011. The index fell from an upwardly-revised 101.9 in July

Romney Doubles Down on Housing Policy, But Does Policy Mirror Obama’s?

By Peter Ricci Mitt Romney doubled down on his earlier promises and commitments for the U.S. housing market late last week, releasing a white paper that contained more information about some of the policy initiatives floated on his campaign

Census Bureau: New Residential Home Sales Increase 27.7 Percent

By Peter Ricci New residential home sales increased 27.7 percent year-over-year in August to a seasonally adjusted annual rate of 373,000, according to the latest joint report from the U.S. Census Bureau and the Department of Housing and Urban development. From

Texas Home Prices Remain Strong, Rise 3.7 Percent in Dallas

Home prices in Texas remained strong as ever in July, with Dallas posting yet another solid month of growth in the July Case-Shiller Home Price Indices, rising 3.7 percent year-over-year in July. Standard & Poor’s does not track home prices

Mortgage Delinquencies Decline 10 Percent in LPS’ August First Look

By Peter Ricci The U.S. mortgage delinquency rate declined by 10.6 percent year-over-year in the August First Look report from Lender Processing Services, an analytics firm that studies the mortgage markets and real estate industries. A study of approximately

FHFA Targets Five States, But Not Texas, For New G-Fees

In an effort to recover past losses, the Federal Housing Finance Agency (FHFA) is considering new g-fees in five states most affected by the housing downturn. Labeling its losses as “exceptionally high,” the FHFA has selected Connecticut, Florida, Illinois,

Trulia IPO Starts With a Bang, Shares Up 41 Percent

By Peter Ricci Well, so much for our Trulia IPO skepticism – the real estate website became the latest tech darling yesterday when it’s stock hit the New York Stock Exchange, rising 41 percent and closing at $24 a

4 Tips for Multitasking That Actually Work

By Peter Ricci Multitasking is more than a catchy phrase uttered at business symposiums and on trade magazine websites; rather, it’s a survival mechanism, a key to successfully managing the endless array of tasks we all must completely on

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