National News

2012 Ends on Solid Footing in Redfin Real-Time Price Tracker

The U.S. housing market ended 2012 on solid footing in the Redfin Real-Time Price Tracker, with home prices, housing inventory and home sales all improving over 2011. A monthly measure of the housing market’s key fundamentals, the Real-Time Price Tracker tracks

Are Price Reductions Becoming More Infrequent?

Heavy price reductions were one of the ugliest side effects of the housing downturn, but a new study by Trulia suggest that price reductions may be happening with fewer frequency as the housing market

Housing Starts Soar in December to Highest Level Since 2008

Housing starts soared in December, climbing 12.1 percent from November and 36.9 percent from December 2011 to a seasonally adjusted annual rate of 954,000, according to the latest numbers from the U.S. Census Bureau and the Department of Housing and

Google Real Estate Part 3: Appealing to Mobile Users

The first two parts to our continuing series on “Google Real Estate” dealt with Internet search behaviors from consumers, and all the data we cited in those articles dealt with an increasingly antiquated assumption – that Web browsers cruise

Builder Confidence Holds Firm in January Housing Market Index

Builder confidence in the newly built, single-family homes market held firm in January, remaining at a level of 47 in the NAHB’s Housing Market Index, the industry’s leading measure of builder confidence. That’s the eighth consecutive month of gains for the

Mortgage Markets Show Improvement in 2012

The national foreclosure inventory declined by 10 percent from September to November and mortgage origination remains strong, according to the November Mortgage Monitor from Lender Processing Services

HUD, Cyndi Lauper Join Forces For America’s Homeless

Turns out, girls just wanna…count the homeless. The U.S. Department of Housing and Urban Development is partnering with ’80s pop icon and Grammy Award-winner Cyndi Lauper to determine the size and characteristics of the country’s homeless population in its

Google Real Estate Part 2: A Broad Marketing Strategy

We’ll start the second part of our “Google real estate” series with an uncontroversial claim – the Internet and real estate are highly intertwined entities. Nine out of 10 home searches today start on the Web, and it seems

Home Prices Increase 7.4 Percent in CoreLogic HPI, Hit Six-Year High

By Peter Ricci Home prices increased 7.4 percent from November 2011 to November 2012 in the lastest CoreLogic HPI, which is the ninth straight month of year-over-year home price increases and the strongest showing from home prices since May

Will Added Competition Threaten First-Time Homebuyers?

First-time homebuyers, as any agent knows, are one of the most important demographics to a healthy real estate market, and the increasing market share of first-time homebuyers has been one of the many positive developments of the housing recovery

CoreLogic: Total Home Sales Increased 6 Percent from 2011 to 2012

Total home sales increased 6 percent in 2012 over 2011 according to the January MarketPulse report from CoreLogic, a wide-ranging analysis of the housing market that anticipated good things for the real estate industry in 2013. With that 6

Google Real Estate Part 1: The Power of Local

Last week, we reported on a rather startling statistic – that real estate-related searches on Google had increased by 253 percent from 2008 to the present

How Do 2012’s Highest Closings Compare to 2011?

Chicago Agent just launched Real Data, its digital data issue containing statistics about the year in real estate, so to kick off the new feature, we decided to compare some of 2012’s findings to 2011. In 2011, the highest

Improving Markets List Adds 47 New Metros, Positive Sign for Housing

According to the National Association of Home Builders/First American Improving Markets Index (IMI), the number of metropolitan areas on the IMI list rose for a fifth consecutive month to 242 in January, marking what the NAHB calls “the latest

Housing-Related Searches on Google Grew 253 Percent Over Past Four Years

Google and NAR team up on housing study With housing search data from Google combined with buyer and seller behavior from the National Association of Realtors (NAR), the story of today’s homebuyers and sellers is unfolding, and it is

2013 Starts Off With Fixed Mortgage Rates at Historic Lows

Freddie Mac’s first Primary Mortgage Market Survey of the year shows that fixed mortgage rates continue to hover near their all-time record low, which the mortgage giant says is, “helping to keep homebuyer affordability high and aiding the ongoing

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