National News

Residential Market Shows Third Consecutive Quarter of Negative Equity Decline

CoreLogic has released negative equity data indicating a third consecutive quarterly decline in negative equity for residential

Builder Confidence Remains Flat in December

Builder confidence in the market for newly built, single-family homes remained unchanged in December from the previous month at 16 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released

Price-Reduced Listings Continue to Soar Over Last Year

The number of price-reduced homes on the market this November increased dramatically compared to the same time last year, rising 24.1 percent according to ZipRealty’s Price Reduction Index, a monthly review of MLS-listed properties in 26 markets surveyed by

Trump for President in 2012?

Real estate developer and host of his own reality TV show Donald Trump has hinted that he might consider running for president in

U.S. Homes Set to Lose $1.7 Trillion in Value During 2010

U.S. homes are expected to lose more than $1.7 trillion in value during 2010, which is 63 percent more than the $1 trillion lost in 2009, according to an analysis of recent Zillow Real Estate Market Reports. That brings

New Survey Reveals 58 Percent of Americans Expect Housing Market to Recover After 2012

Trulia.com, a top site for homebuyers, sellers and renters, and RealtyTrac, the leading online marketplace for foreclosure properties, Tuesday released the latest results of an ongoing survey tracking homebuyers’ attitudes toward foreclosed homes. Results of the survey conducted online

HUD to Investigate Allegations That 22 Banks and Mortgage Lenders Discriminate Against Black and Latino Loan Seekers

The U.S. Department of Housing and Urban Development announced yesterday that it is launching multiple investigations into the practices of certain mortgage lenders to determine if their home loan policies illegally deny qualified Black and Latino borrowers access to

Entry Deadline for the 15th Annual Webby Awards Approaches

The 15th Annual Webby Awards will honor excellence on the Internet in the summer of 2011, the final date to enter the most innovative work online is December 17th. Entries for ‘Best Real Estate Site’ of the year can

Calvert Updates ‘Green Homebuilder’ Rankings Based on Environmental and Sustainable Practices

America’s 10 largest publicly traded homebuilders have started to improve their policies and practices relating to the environment and resources, but much progress remains to be achieved, according to a major new study by Calvert – one of the

Fannie and Freddie to Suspend Foreclosure Evictions for the Holidays

Freddie Mac and Fannie Mae, the two government-controlled mortgage entities, have announced that they will freeze all foreclosure evictions on mortgage loans they own or back from Dec. 20, 2010 through Jan.3,

Agencies Issue Final Appraisal and Evaluation Guidelines

The federal financial regulatory agencies issued final supervisory guidance last week on sound practices by financial institutions for real estate appraisals and evaluations. Financial institutions use reliable appraisals and evaluations to determine the value of collateral for mortgages and

Trulia Identifies Top 3 Success Criteria for Hyper-Local Advertising in 2011

Trulia.com recently evaluated the best performing Trulia Local Ads of 2010 to identify the top criteria for creating hyper-local, hyper-relevant ads in 2011. The top three criteria for success include dynamic ads that feature relevant listings, compelling content that

Zillow Rolls Out Agent Reviews and Ratings Feature

By Tom Butala Zillow.com on Wednesday rolled out a new feature, allowing users across the country to review and rate local real estate agents. With 12.5 million visitors each month, Zillow hopes the insight of former clients can provide

National Association of Realtors Predicts Strong Rebound in Pending Home Sales

Pending home sales jumped in October, showing a positive uptrend since bottoming in June, according to the National Association of

Court Confirms Orleans Homebuilders, Inc.’s Plan of Reorganization

Orleans Homebuilders, Inc. (the “Company”, or “Orleans”) (Pink Sheets: OHBIQ.PK) and certain affiliated debtors today reported that the United States Bankruptcy Court for the District of Delaware has confirmed the company’s Modified Second Amended Joint Plan of Reorganization (the

Realtors Give Thanks to American Troops and Their Families This Holiday Season

As the holiday season approaches, the National Association of Realtors is giving thanks to American troops. NAR will provide care packages and housing assistance to support soldiers and their families here in the U.S. and abroad. Two national charities

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