National News

3.67 Percent for 30-Year FRM Shatters Record Low

The average 30-year FRM last week shattered previous record lows by falling to just 3.67 percent, according to Freddie Mac’s latest Primary Mortgage Market Survey. Down from last week, when it averaged 3.75 percent the 30-year was 4.49 percent

20 Percent Think Agents Have ‘Very High’ Ethical Standards

Compared to lawyers, politicians and used car salesmen, how ethical are real estate agents? According to a new poll out from Gallup, the answer to that question is actually quite

Is This Commission Better Than Cash?

As Slater puts it in “Dazed and Confused” – “That’s what I’m talking about, man!” A Colorado man shipped 12 pounds, or $18,000 worth, of marijuana to his real estate

Home Prices Increase 1.1 Percent in CoreLogic HPI

Home values reached a milestone in April, according to the latest CoreLogic Home Price Index (HPI), rising 1.1 percent year-over-year. The increase was the second consecutive yearly gain for the HPI and the first time consecutive increases have occurred since June

5 Mistakes Your Homebuyers Should Avoid

As we’ve chronicled on several occasions, housing is coming back, and now that the market is improving, many features of the post-boom market no longer apply. Here are five of the most common remnants of the past housing market

50 Percent Increase in Hispanic Purchasing Power in Two Years

The composition of the U.S.’ housing market is changing radically, and nowhere is that change more apparent than among hispanic homeowners. The data could not be more clear – in the next two years, the purchasing power for Hispanics

What’s in a Word? “Agents” Absent on Job Sites

Job-hunting sites such as Monster, Career Builder and especially Simply Hired have made job searches easier than ever, but in the case of real estate, a bit more legwork may be necessary. Chicago Agent did a sweep of the real

Did the FHA’s Foreclosures Really Rise by 73 Percent?

Lender Processing Services (LPS) made quite a stir last week with its report that foreclosures on Federal Housing Administration (FHA)-guaranteed homes rose by 73 percent in April. Naturally, the FHA, feisty as ever, is not taking that claim mildly,

4 Things You MUST Know About the Supreme Court’s Recent Ruling on Transaction Fees

The Supreme Court’s rulings have a habit of disappearing in the daily news cycle, but its most recent ruling could have a transformative effect on the entire real estate landscap. The ruling for Freeman et. al. v. Quicken Loans,

Which Brokerage Recruited The Most Agents?

With mergers and acquisitions among brokerages on the rise, several brokerages have increased their personnel, but still, brokerages with good recruitment are always increasing

U.S. Home Prices Rise Modestly in the First Quarter

By Tara Steele According to the Federal Housing Finance Agency’s (FHFA) seasonally adjusted purchase-only house price index (HPI), home prices rose modestly in the first quarter of 2012, up 0.6 percent from the fourth quarter, and up 0.5 percent

CoreLogic Sues Redfin Over Home Price Tool

By AGBeat Recently, Redfin launched a new tool to educate homeowners on the pricing process, but the company has now been sued by CoreLogic for violating its automated valuation model patent filed 20 years ago. Launched just over two

Eight Reasons Housing is Recovering

By Peter Ricci It’s no mystery that housing has been on a bumpy path since 2007, but the past month, a wide range of data has come out all but endorsing a new housing recovery. From home sales, to

5 Great Things Happening in the Construction Economy

Everything was sunny and fine for the U.S. construction industry in April, which continued its 2012 gains with strong showings for the month in the Census Bureau’s latest report. Altogether, construction spending rose 0.3 percent from March to April

App Review: Agents Can Take Trulia On The Go

Agents with a Trulia account can finally take the popular online real estate listing site on the go, as the company has created the Trulia for Agents app for iPhone and Android users. Though the app puts the site

What is Walmart’s Impact on Home Prices?

Walmart is many things to many people – discount chain, multinational corporation, grocery store, and, of course, arbiter of pollution, low-wage jobs and traffic. But a new study from a duo of economists has put a new, interesting perspective

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