National News

Pending Home Sales Index Up 10.7 Percent in August

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

Romney Doubles Down on Housing Policy, But Does Policy Mirror Obama’s?

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

Census Bureau: New Residential Home Sales Increase 27.7 Percent

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

LifeLine Response App Aims to Save Lives with “Intellitouch” Tech

By Peter Ricci LifeLine Response is an app for iPhone and Android smartphones that takes a highly intriguing approach to the mobile safety app marketplace, a niche in the app landscape that, as we have covered, grows more crowded

FNC and Bradford Technologies Are Catching Up With Appraisal Problems

By Ian McKendry The housing market is starting to stabilize and has actually been one of the few bright spots for the US economy over the past few months, but structural challenges and tight lending standards have been holding

Chicago Home Prices Rise 2.7 Percent in July Case-Shiller

By Peter Ricci Chicago home prices posted yet another strong month of growth in the July Case-Shiller Home Price Indices, rising 2.7 percent from June to July. For the last three months, in fact, Chicago home prices have been

Mortgage Delinquencies Decline 10 Percent in LPS’ August First Look

By Peter Ricci The U.S. mortgage delinquency rate declined by 10.6 percent year-over-year in the August First Look report from Lender Processing Services, an analytics firm that studies the mortgage markets and real estate industries. A study of approximately

FHFA Targets Five States, Including Illinois, For New G-Fees

In an effort to recover past losses, the Federal Housing Finance Agency (FHFA) is considering new g-fees in five states most affected by the housing downturn. Labeling its losses as “exceptionally high,” the FHFA has selected Connecticut, Florida, Illinois,

4 Tips for Multitasking That Actually Work

By Peter Ricci Multitasking is more than a catchy phrase uttered at business symposiums and on trade magazine websites; rather, it’s a survival mechanism, a key to successfully managing the endless array of tasks we all must completely on

Obama Scorecard: Fewer Americans Underwater, But Housing Remains Fragile

By Kerri Panchuk The number of underwater borrowers is down from late 2011, but housing is far from on the mend, the Obama Administration said. In the administration’s August Housing Scorecard, the report shows the number of upside-down borrowers

Bigger is Better for Foreign House Hunters: Dutch, Irish and Brits Want Bigger Homes

By Tara Steele, AGBeat While the average homebuyer in America is searching for smaller and smaller homes every year, foreign seekers looking at American properties are searching for big

More Than One Million HAMP Mods Canceled

By Jon Prior The one millionth Home Affordable Modification Program (HAMP) trial or permanent workout failed in July, according to the latest Treasury Department data. A total of 770,834 borrowers failed to finish either a three-month trial or were

Top 10 Neighborhoods By Total Transactions: 2011 Compared to 2012

The overall total number of transactions and total value closed increased considerably in neighborhoods with the top total transactions – both close to 20

Trulia IPO Starts With a Bang, Shares Up 41 Percent

By Peter Ricci Well, so much for our Trulia IPO skepticism – the real estate website became the latest tech darling yesterday when it’s stock hit the New York Stock Exchange, rising 41 percent and closing at $24 a

NAHB Housing Market Index Hits Highest Mark since 2006

By Peter Ricci National Association of Home Builders/Wells Fargo Housing Market Index rose for the fifth consecutive month in September, rising three points and reaching its highest level since June of 2006. A measure of builder confidence in the

Existing-Home Sales Rise 7.8 Percent As Housing Inventory Stabilizes

By Peter Ricci Existing-home sales continued their positive readings in August, rising 7.8 percent from July  and 9.3 percent from August 2011 as housing inventory continued to stabilize, according to the National Association of

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