News / Features
After reaching a 19-month high in November, the National Association of Realtors’ (NAR) Pending Home Sales Index declined by 3.5 percent in December, though it did retain the year-over-year gains that defined much of housing data in 2011. A
Membership in the National Association of Realtors (NAR) declined for the third straight month in December, closing out a 2011 that marks the fifth straight year of annual declines for the influential association. According to the latest data from
The Federal Housing Finance Administration and its Acting Director, Edward DeMarco, have been receiving some considerable heat from analysts and members of Congress for their refusal to consider principal write downs for homeowners with Fannie Mae and Freddie Mac
Quite a bit has been written about the reactionary lending policies that private mortgage originators began following after the market collapse in 2008, and the common narrative has been that such credit restrictions negatively impact housing. We cover lending
The President’s State of the Union speech is set for tomorrow evening, and among the many economic, political and social issues he is sure to address, many are speculating if one of the more lingering debates in housing will
Housing inventories finished 2011 down by 22.3 percent, with 1.89 million homes on the market at the end of December, the lowest inventory in the last four years. Though low inventories would appear to be a good sign for
Every so often, a piece of information comes around to show that the U.S. housing market, despite some challenging trends, is by no means entirely on shaky ground, and recent data on foreign buyers would seem to suggest such
It’s no mystery that home prices are low. CoreLogic’s latest Home Price Index fell from October to November, and prices have fallen by an average of 32.8 percent from their 2006 peak. What has not followed suit, though, are
It appears Realtors were a very good bunch this year, as Santa delivered some promising existing-home sales data in December. Sales for existing-homes rose by 5 percent from November to December, reaching an adjusted annual rate of 4.61 million.
Freddie Mac released 2012’s first U.S. Economic and Housing Market Outlook this week, and amidst analysis of the job market and consumer confidence, the GSE’s Chief Economist, Frank Nothaft, painted a nuanced portrait of housing, one that, despite some tough
Ever since the Federal Reserve outlined a potential bulk REO sales program, and especially after it was announced early last week that the government was in negotiations with private property management firms for such transactions, speculation has abounded on
Mobil Steel International Inc. and its employees have been taking part in charitable events and making contributions to local charities, according to an article by UltimateSpring.com. The company has given six donations to Sagemont Church’s Helping Hands ministry, an organization
The latest Residential Price Index (RPI) from research firm FNC was released yesterday for the month of November, and as expected, it reported that home prices are still in a sensitive spot with foreclosures and seriously delinquent mortgages still relatively common
The latest residential construction statistics from the U.S. Census Bureau and the Department of Housing and Urban Development for December 2011 show privately-owned housing starts posting a big year-over-year increase, rising by nearly 25 percent from December 2010 at an
After reaching positive territory for the first time in three months in November, the Architecture Billings Index (ABI), one of the leading economic indicators of construction activity, has now scored two straight months of positive numbers, according to the most recent
The National Association of Home Builder’s Housing Market Index (HMI) rose four points in January to 25, the fourth consecutive month of gains and the highest level for the index in more than four years. Bob Nielsen, the chairman