National News

Pending Home Sales Continue Uptrend

Pending home sales improved further in December, marking the fifth gain in the past six months, according to the National Association of

2010 Foreclosure Activity Increases in 72 Percent of Major Metros

RealtyTrac recently released its 2010 Year-End Metropolitan Foreclosure Market Report, which shows that foreclosure activity increased from 2009 in 149 of the nation’s 206 metropolitan areas with a population of 200,000 or more. At the same time, the metro

Google Maps to Drop Real Estate Search

Google’s Earth and Maps team announced this week that they will drop the real estate listing search feature from their maps technology due to limited user

National Association of Home Builders Elects Leadership for 2011

Members of the National Association of Home Builders (NAHB) elected four senior officers to top leadership positions within the federation during the association’s International Builders’ Show in

S&P/Case-Shiller Home Price Indices Show Decline in National Home Prices

Data through November 2010, released yesterday by Standard & Poor’s for its S&P/Case-Shiller Home Price Indices, show a deceleration in the annual growth rates in 17 of the 20 MSAs and the 10- and 20-City Composites compared to what

Homeownership Now More Affordable Than Renting in 72 Percent of American Cities

Trulia.com released yesterday its latest Rent vs. Buy Index which found that it is more affordable to buy than to rent a two-bedroom home in 72 percent of America’s 50 largest

Married U.S. Households Account for Less Than Half in 2010

By Tom Butala According to the U.S. Census Bureau, the amount of married households in the United States now accounts for less than half of all

December Existing-Home Sales Jump

Nationwide existing-home sales rose sharply in December, when sales increased for the fifth time in the past six months, according to the National Association of

Mansion from The Godfather for Sale

Fictional character Don Vito Corleone’s mansion has been put on the market for $2.9 million. The Tudor-style home is where Francis Ford Coppola’s 1972 iconic film The Godfather was

Builder Confidence Remains Unchanged In January

Despite an encouraging forecast from panelists at the NAHB’s International Builders’ Show last week, a recent survey by the organization reveals that builder confidence at the time remains relatively

FHFA Announces Plan to Find Alternatives for Mortgage Servicing Structures

By Jessica Bollman Fannie Mae and Freddie Mac have been directed to work together along with the Federal Housing Finance Agency (FHFA) and the Department of Housing and Urban Development (HUD) to develop an alternative plan for future mortgage

2010: The Year of Not-So-Empty Nesters

By Tom Butala A recent study from the National Association of Realtors shows that the amount of young adults living at home is at its highest level since the early

NAHB Chief Economist: “This Year’s Spring Selling Season Will be Better Than Last Year’s

Housing will see gradual improvements in activity this year as the nation’s economy and job market continue to move to higher ground, establishing momentum that will produce more considerable gains in 2012, according to economists who appeared at the

Home Listings Average More Than Two Price Reductions in December

The number of price-reduced homes on the market this December remained at high levels compared to 2009, rising 23.4 percent according to a report surveying 26 US markets issued by national real estate brokerage,

Trulia Going Global with International Home Search Capabilities

Trulia.com has announced a partnership with ListGlobally, a global property listings firm, to provide Trulia users with the ability to search for homes outside the U.S. Trulia will be ListGlobally’s exclusive partner in the U.S. for international real estate

Record 2.9 Million U.S. Properties Receive Foreclosure Filings in 2010

RealtyTrac released yesterday its Year-End 2010 U.S. Foreclosure Market Report, which shows a total of 3,825,637 foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on a record 2,871,891 U.S. properties in 2010, an increase

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