National News
By Peter Ricci National home prices increased 2.5 percent year-over-year in CoreLogic’s Home Price Index (HPI) for June, marking the fourth consecutive month of yearly gains for the index. In addition, the index, which is used by the Federal
Twitter is one of the simplest forms of social media, an incredibly accessible tool that allows one to effortlessly contact thousands of real, local people for a variety of purposes. But don’t let it fool you! Twitter may be
When it comes to the housing market and the real estate industry, few things could be more clear – the two are among the most important contributors to economic growth. Indeed, the amount of economic activity involved in a
Russ Bergeron, the CEO of Midwest Real Estate Data (MRED), the Chicagoland multiple listing service, was a panelist at Inman News’ Real Estate Connect Conference in San Francisco. This industry leading conference, which took place from August 1 to August
By Peter Ricci The housing vacancy rate is among the most important measures of the real estate recovery. After all, excess supply was one of the big side effects of the housing boom, as the preponderance of vacant homes
By Peter Ricci In case you haven’t noticed, it’s hot outside – quite hot, in fact! All throughout the Midwest, temperatures have been raging (they hit 107 in Evansville, Indiana in June), and they’ve made the home searching process
The $25 billion mortgage settlement received quite a bit of press when the documents were signed back in February, and for good reason. Encompassing several states attorneys general and the largest financial institutions in the country, the settlement was
By Peter Ricci In a new strategy to generate buzz among consumers and Realtors, the National Association of Realtors (NAR) has launched a wide-ranging email campaign on homeownership. According to a description of the campaign on NAR’s website, the
By Peter Ricci In an effort to better mobilize Realtors for the coming elections in November, the National Association of Realtors (NAR) has formed the Realtor Party, a group that aims to forgo party politics in the name of
In its second major technology announcement of the week at Inman San Francisco, real estate website Trulia has announced “Trulia IQ,” a new web platform for brokerages. Operating on a data-driven model similar to its other platforms, such as
By Peter Ricci Mortgage complains reigned supreme in the Consumer Financial Protection Bureau’s (CFPB) semi-annual report to Congress, comprising 43 percent of the 55,300 complaints the agency received from consumers in its first 11 months of existence. The make-up of
By Peter Ricci “It is a truth universally acknowledged, that a real estate agent in possession of a good property must be in want of great photography.” – Jane Austen Alright, that may not be the exact opening line
By Peter Ricci A new brokers program for Trulia is building on the company’s previous outreach efforts to real estate professionals. Real estate website Trulia has just announced a new “Trulia Brokers Program,” a program tailored specifically to real
By Peter Ricci The shadow knows – that his inventory is severely down! According to researchers at Morgan Stanley, the shadow inventory has fallen 35 percent from its 2010 peak, yet more evidence of stabilizing inventories in housing. The
By Peter Ricci Chicago led the nation in the latest Case-Shiller Home Price Indices from Standard & Poor’s, with home prices for the city rising by 4.5 percent from April to May and showing the best monthly appreciation of all
By Peter Ricci In the real estate community, there is a fire burning – are green homes all that they’re cracked up to be? And more importantly, do they add anything to a home’s value? Such questions have been