National News

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

Romney, Obama Debate Housing Policy on Presidential Stage

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

Are Americans Undervaluing Their Homes? Rasmussen Survey Suggests So

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

Cogsville Group To Purchase 94 Fannie Mae Properties in Chicago

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

3 Ways to Project a Professional Appearance in Real Estate

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

Estately Offers Searchable Real Estate Service And Lead Generation For Agents

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

CoreLogic Home Price Index in August Hits Highest Mark Since 2006

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

iPhone 5 and Real Estate – The Pros and Cons

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

$1 Billion Realogy IPO Shows Increasing Confidence in Housing

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

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