National News
By Peter Ricci President Barack Obama and Republican presidential nominee Mitt Romney squared off in Denver last night in the first of three presidential debates, and though the debate (which focused solely on domestic policy) mainly generated headlines on
By Peter Ricci Home values have been on a certifiable roller coaster ride the last 12 years, with their ebbs and flows resembling the famed “Raging Bull” ride at Six Flags Great America; however, home values have stabilized in
By Peter Ricci New York-based Cogsville Group has been selected by the Federal Housing Finance Agency (FHFA) as the second winning bidder in its REO pilot initiative, the ambitious plan to convert thousands of government-owned distressed homes into affordable rental
By Peter Ricci In the most recent Gallup poll of professions, 20 percent of respondents surveyed had a high opinion of real estate agents, compared to 70 percent for doctors and 84 percent for nurses; could that be because of
By Ian McKendry Estately, which uses the straightforward tag line, “home shopping made simple,” is another real estate search site. However, the tag line is appropriate – the website is intuitive and not overly cluttered like some of the
By Peter Ricci Home prices increased 4.6 percent year-over-year in August in the latest CoreLogic Home Price Index, which is the largest yearly increase in more than six years. Indeed, not since July 2006 have home prices risen as
By Peter Ricci Let’s start with two highly obvious points – real estate is becoming increasingly technological, and the iPhone 5 is the latest, hottest piece of technology on the market today. Nine out of 10 homebuyers begin their
By Peter Ricci Realogy, the real estate services company that owns Coldwell Banker and Century 21, is planning on going public late next week, and its IPO is expected to raise more than $1 billion from investors, according to
By Peter Ricci Residential construction spending increased 0.9 percent from July to August to a seasonally adjusted annual rate of $273.5 billion, according to new numbers out today from the U.S. Census Bureau. Overall, private construction spending was down by
By Peter Ricci When you’re around the housing industry long enough, you begin to see the common traits of valuable real estate – strong schools, great trim work, decent lots, and of course, the specific geographical location of the
By Peter Ricci Autumn is a season of many things – pumpkins, darkening foliage, and, of course, Jack Skellington – but it is not a season known for selling homes. As many an agent will attest, home sellers often
Shadow housing inventory declined by 1.2 million in the first half of 2012, according to a new study by JPMorgan Chase of the ominous housing stock. The shadow market peaked at six million in 2010, and JPMorgan estimates that banks, through
By Peter Ricci Who says the political process doesn’t effect homebuying? According to a new survey from MortgageMarvel.com, 25 percent of Americans are taking the upcoming presidential election into consideration in their homebuying decisions. Conducted online by Harris Interactive, the survey
By Peter Ricci The Pending Home Sales Index from the National Association of Realtors (NAR) declined in August, falling 2.6 percent from July but rising 10.7 percent from August 2011. The index fell from an upwardly-revised 101.9 in July
By Peter Ricci Mitt Romney doubled down on his earlier promises and commitments for the U.S. housing market late last week, releasing a white paper that contained more information about some of the policy initiatives floated on his campaign
By Peter Ricci New residential home sales increased 27.7 percent year-over-year in August to a seasonally adjusted annual rate of 373,000, according to the latest joint report from the U.S. Census Bureau and the Department of Housing and Urban development. From