National News
Hispanic and Latino-Americans comprise about 18 percent of the U.S. population, but have accounted for almost two-thirds of net growth in the U.S. homeownership rate since 2008. A recent report from the National Association of Hispanic Real Estate Professionals
As of this month, the U.S. has seen 121 straight months of economic expansion since the Great Recession in June 2009, the longest-recorded period of economic growth to date. Housing has comprised 15 percent of the nation’s economic output
Every Tuesday throughout the summer, Plainfield, IL’s main drag turns into a family friendly spectacle of classic cars, music and food as the local chamber of commerce closes down the streets for Cruise Night. To Mike Prodehl, president and
U.S. home sales to foreign buyers declined in the last year compared to the prior period, but still generated nearly $78 billion in total purchase volume between April 2018 and March 2019, according to the National Association of Realtors.
Housing starts around the country were sluggish in June, with single-family starts registering below year-ago numbers for a fifth consecutive month. In all, housing starts were down 0.9 percent from the previous June, and were on pace for a
It’s often said by economists that housing costs have risen faster than wages in recent decades, but just how wide is the gulf between income growth and gains in property values? We now have a better sense of that,
Transaction management and CRM companies join forces Lone Wolf and Real Estate Webmasters announced this week that they will be teaming up to expand what they offer agents and brokers. Lone Wolf, which works with 700,000 real estate professionals
Of the dozens of candidates currently in the running for the Democratic Party’s nomination for president in 2020, several frontrunners have made housing and real estate central pieces of their platforms. Here’s where the current frontrunners in the Democratic
July marked the second consecutive month of tightening margins between owners’ estimates of home values and the professional opinions of appraisers, according to Quicken Loans’ National Home Price Perception Index. Appraised values were only 0.71 percent lower nationwide than
On the same day, Compass settled a lawsuit against one titan of the real estate industry while finding itself at the center of a new, explosive complaint from another competitor. In a summons filed in the Supreme Court of
Loan delinquency rates hit their lowest level in 20 years this past April, according to a new report from real estate data firm CoreLogic. The report shows that nationally in April, about 3.6 of household mortgages were in some
While casual observers might have been expecting dismal numbers in the latest jobs report from the Bureau of Labors Statistics following expectedly soft figures in May’s report, Friday’s jobs report was actually pretty encouraging. The total nonfarm job count
This Fourth of July, the mortgage industry has good news for veterans in high-cost real estate markets. Thanks to the Blue Water Navy Vietnam Veterans Act, recently signed into law by President Donald Trump, veterans who secure loans through
Zillow’s trademark “Zestimate” feature, which lets homeowners and prospective buyers see the estimated value of almost any residence, has been upgraded to incorporate artificial intelligence and machine learning capabilities that the company says will improve accuracy. According to a
Mortgage application activity remains strong The number of mortgage applications submitted during the week ending June 21 grew 1.3 percent compared to the prior week, according to the Mortgage Bankers Association’s weekly survey. Growth in refinance applications was somewhat stronger
Trump prioritizes affordable housing with executive order President Trump signed an executive order June 25 to propose “eliminating regulatory barriers to affordable housing.” Secretary Ben Carson of the U.S. Department of Housing and Urban Development will chair a new
