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