National News

Realogy IPO a Success, Shares Up 25 Percent in First Day’s Trading

By Peter Ricci Realogy shares have leapt 25 percent in the first day of trading after a hugely successful IPO for the real estate services company, according to market reports. This marks the second successful real estate IPO in

Fannie Mae National Housing Survey Finds Consumers High on Housing

by Peter Ricci The latest National Housing Survey from Fannie Mae is finding consumer confidence on the housing market at an all-time high, bolstered by record-low mortgage rates and rising prices. A survey of 1,000 Americans, Fannie conducted the

Shadow Housing Inventory Down 10.2 Percent in New CoreLogic Report

by Peter Ricci Residential shadow housing inventory declined 10.2 percent year-over-year in July in CoreLogic’s latest survey of the market, as the housing market’s inventory levels continued to improve. Bearing no signs of the frightful predictions that many analysts

32 Chicago Agents Among NAHREP’s Top 250 Latino Real Estate Agents

Thirty-two agents in the Chicago metropolitan area were featured in the National Association of Hispanic Real Estate Professionals’ (NAHREP) first ever ranking of the top Latino real estate agents in the United States. For its list, which ranks the nation’s

Freddie Mac REO Inventory Down 30 Percent From 2010 Peak

By Peter Ricci The REO inventory for Freddie Mac is down 30 percent from its 2010 peak, according to new data from the GSE. Chris Bowden, the vice president of Freddie Mac’s HomeSteps unit, said at HousingWire’s REperform Summit

Trulia Confronts ‘End of Suburbia’ Meme with New Study

By Peter Ricci One of the more common housing memes, as of late, has been the end of suburbia, that because of the housing boom, and all the rampant suburban speculation that drove it, prospective homebuyers are opting for

October Redfin Real-Time Demand Pulse Suggets Strong Fall Home Sales

By Peter Ricci We recently wrote that prospective home sellers should not count out the fall and winter months for their real estate needs, and based on the October Real-Time Demand Pulse from Redfin, it appears quite a few homeowners

39 Percent of Housing Investors Plan on Purchasing More Properties

By Peter Ricci Housing investors have been one of the more interesting outcomes of the post-boom real estate market, as they have snatched up the scores of highly inexpensive distressed properties that sit throughout the country – and according

What’s in a Word? With Real Estate Writing, Quite a Bit!

By Peter Ricci Real estate writing, as any successful agent can anecdotally support, can have a profound impact on how quickly a property sells and at what price, but a series of fascinating studies recently spotlighted by the Wall

NAHB Improving Markets Index Reaches 103 Housing Markets in October

The National Association of Home Builders (NAHB) added 11 more metropolitan areas to its Improving Markets Index for October, a measure of the nation’s housing markets that are showing definite signs of recovery. A measure of specific housing markets’

With Election Looming, Housing Scorecard Reports Promising Signs

By Peter Ricci Amidst a closely-watched and increasingly divisive presidential election season, the Department of Housing and Urban Development (HUD) has released the Obama administration’s latest Housing Scorecard, a measure of the U.S. housing market that highlighted a number

How Does Financing Vary by Suburb/Neighborhood?

Since the beginning of 2012, financing has primarily been conventional for both the suburbs and the Chicago neighborhoods, at 42 percent and 45 percent, respectively. There is a substantial difference (8 percent) between the percent of government programs that

Romney’s Plan Laid Out

By Jon Prior The wind blows the tightly regulated part in his hair. The stage seems makeshift, but the scene in front of a foreclosed home in Florida is well choreographed. In January, the Mitt Romney campaign chose this

FHA’s Galante Says ‘No’ to FHFA-style REO-to-Rental Program

By Peter Ricci Acting Federal Housing Administration (FHA) Commissioner Carol Galante has announced that the FHA has no plans to incorporate an REO-to-rental program similar to that of the FHFA. Making her comments at the HousingWire REperform conference currently

Asking Prices Rise Again in Trulia Price Monitor

By Peter Ricci Asking prices rose 0.5 percent from August to September in the Trulia Price Monitor, a leading indicator in home-price trends that is issued on a monthly basis by the real estate website. In addition, asking prices

Apartment Boom May Be Slowing Down, Finds Reis in Study

By Peter Ricci The multifamily sector of the housing market has been one of the few bright spots in the post-boom marketplace, and how – new data from the Mortgage Bankers Association earlier today found that more than 2,500

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