National News
Chief Economist for Fannie Mae Doug Duncan released a statement today that said housing market activity is on a steady incline toward improvement, “well ahead of last year’s pace.” Duncan’s statement coincides with Fannie Mae’s recent findings in their
Real estate data firm Reis, Inc. is reporting that average rent costs have reached a record increase in 74 out of 82 markets that it is tracking in the second quarter, including cities like Chicago, Miami, Seattle, San Diego
The Federal Housing Finance Agency (FHFA) has selected the winner bidders for its pilot initiative, putting the agency one step closer to closing out what many have anticipated as its most helpful program yet for the U.S. housing market. The program,
ActiveRain, the popular online real estate network, has an intriguing question for agents – what would you buy if you were on a marketing budget of $500 per month? That question is at the heart of a new competition
Home prices in CoreLogic’s May home price index rose for the third consecutive month, posting both monthly and yearly gains. From April to May, national home prices were up 1.8 percent, CoreLogic reported, and price rose year-over-year by 2
Housing inventories have been on a roll lately, but not the kind many of us had expected – it just keeps going, and going, and going down! In May, the most recent month we have data for, Realtor.com’s for-sale
Lessening underwriting standards are the great white whale in housing’s recovery, and the 2012 Survey of Credit Underwriting Practices from the Office of the Comptroller of the Currency (OCC) is making some suggestions that the tide may be turning for home
Q. Are Banks Getting Tougher or Easier with Lending Guidelines? A. We have plenty of options for all types of buyers. We have loan programs that are specifically designed for buyers ranging from inexperienced first-time homebuyers to seasoned homeowners who have
Looking to join Sotheby’s International Realty in the iPad App game, Prudential Rubloff Properties has expanded their Prudential Rubloff Mobile application for buyers and agents alike who use the tablet in their house hunting process. The app, released on
Robert J. Shiller is more than just a highly-respected professor of economist at Yale – he’s the co-creator of the Case-Shiller Home Price Indices, one of the most influential readings available on the U.S. housing market. Therefore, it makes
Prepping a property for potential buyers is a multi-tiered process, one that involves a number of steps across a number of different mediums. From writing the initial Internet listing to scrubbing the home’s interiors and exteriors for showings, a
Homeownership is often seen as the ultimate realization of the “American Dream.” Though the emotions behind that sentiment are still running strong, a recent report suggests that consumer spending habits may have different priorities, and that other big purchases now take precedent over
In case you’re late to the party, allow us to bring you up to speed – various sources are saying housing is inching towards recovery. Existing-home sales were up 9.6 percent last month, new home sales 19.8 percent, and
The National Association of Realtors’ Pending Home Sale Index bounced back to positive territory in May, rising 5.9 percent to its highest level in two years. With a reading of 101.1, the index is 13.3 percent higher than a
Home prices in Chicago improved in the latest Case-Shiller Home Price Index, increasing 1.1 percent from March to April according to Standard & Poor’s (S&P). That increase came after a 2.5 percent price decline from February to March, which had brought
Sales of new singe-family homes for the month of May, according to new data from the Census Bureau, rose 19.8 percent year-over-year to a two-year high. The 369,000 seasonally-adjusted annual rate was also 7.6 percent above April’s rate of