National News

Paul Ryan Favors Dissolving Fannie Mae and Freddie Mac

By Jon Prior A Mitt Romney administration plan for a future housing finance system likely shuns any form of a government guarantee based on the Paul Ryan, R-Wis., pick as candidate for vice president. Ryan, as head of the

StreetSafe and React Mobile Perfect for Realtor Safety

By Ian McKendry September is Realtor Safety Month because sometimes agents need to be reminded that there are dangers associated with a job that often requires meeting and being alone with complete strangers. It is important that agents take

Romney Housing Plan Appears, But Does it Lack Specifics?

By Peter Ricci For months, real estate professionals and trade groups alike have bemoaned the lack of housing-related policies on the presidential campaign trail, and it seems Mitt Romney has taken consideration of those criticisms to heart in devoting

Asking Prices Rise for Seventh Straight Month in Trulia Price Monitor

Asking prices on real estate website Trulia rose 2.3 percent year-over-year in the latest Trulia Price Monitor, according to a news release from the website. That increase marks the seventh straight month of asking price increases on Trulia, and

Median Listing Time Down 30 Percent in July, Reports NAR

By Peter Ricci The National Association of Realtors is reporting that the median listing time of properties for sale in July was 69 days, a 29.6 percent decline from the 98 days in July 2011. The data represented a

4 Essential Tips For Real Estate Writing On the Web

By Peter Ricci Any real estate agent will tell you how valuable the Internet is to any real estate business, but the Web’s value does come with one catch – if all agents are using it, how do you

July CoreLogic Home Price Index Boasts Highest Increase Since 2006

By Peter Ricci The CoreLogic Home Price Index (HPI) increased by 3.8 percent in July from a year ago, the highest year-over-year increase for the index in nearly six years, according to the California-based data company. Not since August

Construction Spending Up 9.3 Percent in July

By Peter Ricci Construction spending in July was up 9.3 percent from last year in the latest data from the U.S. Census Bureau of the Department of Commerce. Though construction spending did fall slightly from June by 0.9 percent to

Secure Settlements Helps Weed Out Shady Closing Agents

By Ian McKendry One company is trying to fight fraud and offer peace of mind with software and data that helps monitor risk and vets closing agents. Secure Settlements, Inc. announced its launch in August and says their risk

Bad MLS Photo of the Week – Fancy a Dip?

By Peter Ricci It’s one of the cardinal rules in real estate: do not allow your clients to appear in MLS photos! Though we love rebels as much as the next democratically-active spirit, sometimes rules have a very good

RealtyTrac’s U.S. Foreclosure Sales Report – Distressed Sales Up in Q2

By Peter Ricci Distressed sales accounted for 23 percent of all residential housing sales in the second quarter, according to RealtyTrac’s Q2 2012 U.S. Foreclosure Sales Report. That total is up from a 22 percent share in the first quarter

Market Composite Index & Mortgage Rates Fall on Eve of Bernanke Speech

By Peter Ricci Now this is interesting – after a solid month of rising interest rates impacting the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey, fixed mortgage rates fell in Freddie Mac’s latest survey; yet, mortgage applications in

Can Real Estate Agents Create Bidding Wars?

By Peter Ricci Bidding wars are normally the ultimate sign of a hot real estate market, that demand for real estate is so stratospheric that prospective homebuyers are nearly falling over themselves with offers for the homes. Sadly, bidding

Distressed Property Has Little Impact on Prices, Finds Atlanta Fed

By Peter Ricci It’s a narrative that many real estate professionals are all too aware of – a distressed property appears in a certain market, where it sits for months and negatively impacts the selling prices of the surrounding

Active Housing Inventory Key Factor in Redfin Real-Time Home Buyer Survey

By Stephanie Sims Interested in what prospective clients think of the market? Redfin’s latest quarterly homebuyer survey answers could help you better reach and help your clients. Less than two weeks ago, Redfin collected data from 829 people across

As Housing Recovers, What of the Multifamily Housing Boom?

By Peter Ricci The multifamily housing sector has been a true anomaly; while housing construction has bounced along on a largely sideways path for most of 2012, multifamily housing has been booming, with multifamily housing starts up 30 percent

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