National News

NAR Faces Allegations of Inflating Existing-Home Sales Reports

The National Association of Realtors (NAR) is facing allegations of inaccurate reports of existing-home sales dating back to

New Tool Launched for LEED Professional Credential Holders

The Green Building Certification Institute (GBCI) has launched the CMP Wizard, an interactive online tool to help LEED Professionals understand their Credential Maintenance Program (CMP) requirementsand explore continuing education

First Tier Suburbs Are a “Sweet Spot” For Development and Investment

Once bypassed in the stream of investments being funneled into downtown cores and outlying suburbs, first-tier neighborhoods are emerging in the post-recession era as major magnets for urban growth, according to Urban Land Institute Chief Executive Officer Patrick L.

National Home Prices on the Rise

For the first time in six months, home sales in the 54 U.S. markets surveyed in the RE/MAX National Housing Report are greater than one year ago. The year-to-year sales difference has been improving for three consecutive months; in

U.S. Government Speeding Foreclosure Resales Up

The U.S. government is taking action to speed the resale of foreclosed properties by temporarily expanding access to Federal Housing Administration mortgage insurance, U.S. housing officials

NAHB Hopeful Housing Market Will Rebound This Year

The National Association of Home Builders hopes that this is the year for a rebound. There is reportedly more interest from potential buyers, the organization said, and new housing construction has increased during the month of

MBA Reports Decrease in Mortgage Applications

The Mortgage Bankers Association (MBA) released yesterday its Weekly Mortgage Applications Survey for the week ending February 11, 2011. The Market Composite Index, a measure of mortgage loan application volume, decreased 9.5 percent on a seasonally adjusted basis from

Housing Starts Up 14.6 Percent in January

According to mam.Econoday.com, U.S. housing starts have climbed in the month of

NAR Supports Obama Administration’s Lending Overhaul

The National Association of Realtors welcomes the Obama Administration’s call for an orderly transition from the current form of the secondary mortgage market to a new structure that would enable Americans to achieve affordable, sustainable

Homesellers Cut Prices to Accommodate Prospective Buyers

Homesellers continue to discount their asking price in an attempt to entice buyers to move towards a purchase according to a report issued by national real estate brokerage

Home Price Stabilization Seen in Most Metro Areas during Fourth Quarter

Home sales rebounded in 49 states during the fourth quarter with 78 markets – just over half of the available metropolitan areas – experiencing price gains from a year ago, while most of the rest saw price weakness, according

Obama Administration Winding Down Fannie Mae and Freddie Mac

Yesterday, the Obama Administration delivered a report to Congress that provides a path forward for reforming America’s housing finance

Foreclosure Activity Stalls

RealtyTrac released yesterday its U.S. Foreclosure Market Report for January 2011, which shows foreclosure filings this month have increased 1 percent from last month but a 17 percent decrease from January

Zillow Chief Economist Optimistic About Housing Market

Zillow released yesterday its Q4 2010 Real Estate Market Report. The online real estate portal that recently merged with Yahoo! says that despite less-than-impressive numbers in the end of 2010, the market should see gains throughout the duration of

Survey Shows Public Dissaproval of Current Lending Practices

As the government works to resolve a failed lending system for homebuyers and owners, a survey released yesterday by MortgageMatch.com shows the majority of Americans agree that major change is

Obama Administration Releases January Housing Scorecard

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury recently released the January edition of the Obama Administration’s Housing

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