National News

President Obama Endorses Overhauling Fannie Mae, Freddie Mac

President Obama devoted an entire speech yesterday to the housing market, specifically reforms he’d like to see made to our home financing system. President Obama called for reforms to both Fannie Mae and Freddie Mac in a policy speech

CoreLogic: Home Prices Up 11.9 Percent in June

June was yet another banner month for home prices in CoreLogic’s Home Price Index, but could home price gains be slowing down? Home prices continued their sterling performance in June, rising 11.9 percent year-over-year in the latest Home Price

Single Women Whomp Single Men on the Homeownership Front

The latest numbers from the National Association of Realtors show that single women are owning on the homeownership front. Women may earn 77 cents of every dollar that men earn, but when it comes to homeownership, women are not

Trulia: Asking Prices Up 11.3 Percent in Chicago in July

Asking prices in Chicago were up 11.3 percent in July, though that activity came amidst a slowing housing market. Asking prices in July were up 11.3 percent year-over-year in Chicago in the latest Trulia Price Monitor, a leading measure

Residential Construction Up 23 Percent in June

Residential construction spending continued to lead the pack in June, posting strong year-over-year gains in the latest Census Bureau report. Overall construction spending may have down in June, but it was another great month for residential construction spending, which

3 Important Trends in Housing For the Rest of 2013

The housing market has grown in many interesting ways so far this year, and agents will have some interesting details to consider for 2013’s second half. The housing market has cut an encouraging path the last six months. What

Redfin’s New “Price Whisperer” Service Launches in Chicago

Price Whisperer, a new Redfin service that recommends a listing price by collecting information from active buyers, launched today in Chicago. Here’s how it works: users provide the price they’re after, their address and a few photos, then Redfin’s big

CoreLogic: Foreclosure Inventory Down 28% in June

The nation’s foreclosure markets continued to improve in June, according to the latest report from CoreLogic. CoreLogic’s National Foreclosure Report for June brought further good news to the housing recovery, with foreclosure inventory and completed foreclosures both showing encouraging

The Enormous Potential of Millennial Homebuyers

Everyone says that Millennial homebuyers offer a huge opportunity for housing, but now, we can finally put a number behind it – and it’s a big one. It’s no mystery that Millennial homebuyers have been missing in action thus

The 7 Things That Worry Buyers Most about the Buying/Selling Process

In the last year, we’ve entered a new world order in real estate, and homebuyers are facing a number of concerns as a result. It’s a new world out there in the U.S. real estate market. Gone are the

Pending Home Sales Near Six-Year High in June

Pending home sales were at their third-highest level since 2006 in June, but are rising mortgage rates beginning to have an impact? Pending home sales were at their third-highest mark in more than six years in June, though industry

Chicago Home Prices Rise 3.7% From April to May in Case-Shiller

The May Case-Shiller was the best news yet for Chicago’s housing market, with home prices in the city putting up some of the best numbers in the nation. May’s Case-Shiller Home Price Indices report from Standard & Poor’s offered

The 5 Must-Know Details About How Consumers Search For Homes

How do consumers search for homes? Is the Internet still king, or are other, more traditional methods still of use? Read on to find out. In today’s housing market, there are a seemingly limitless array of options for how

NAR Opens Realtor.com to Non-Realtor Listings

The National Association of Realtors has approved changes to the Realtor.com website that will open the site to non-Realtor listings and rentals. The National Association of Realtors’ Board of Directors yesterday approved a number of amendments to its popular Realtor.com website

Will Rising Mortgage Rates Lead to Lower Home Sales?

It’s the big question on everybody’s mind – will the rising mortgage rates of the last couple months produce a noticeable fall in home sales? Mortgage rates have been on the rise the last couple months. Since the beginning

Census Bureau: New Home Sales Jump 38.1 Percent in June

June was a rollicking good month for new residential home sales, which posted strong increases on both monthly and yearly measures. New single-family home sales were up 38.1 percent year-over-year in June, in addition to an 8.3 percent monthly

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