National News

Case-Shiller Posts Second Straight Month of National Declines, 1.8 Percent for Chicago

Standard & Poor’s released the latest results of its influential Case-Shiller Home Price Indices just moments ago for the month of October, and like the previous collection of data, it shows both monthly and year-over-year declines for housing values

Competing Price Indices Anticipate Case-Shiller Decline

Standard & Poor’s will release the latest batch of Case-Shiller Home Price Indices next Tuesday, and several of the other competing price indices have some analysts projecting the second negative month in a row for the Case-Shiller, which remains

Affordability and Refinancing Remain Paths of Opportunity

Unprecedented, historic, monumental – lots of big adjectives are thrown around about housing today, but a new piece by John Gittelsohn in Business Week highlights a couple of the unique opportunities in today’s market. Affordability is a main feature of today’s market,

New-Home Sales Increase Slightly in November

New single-family home sales in November rose 1.6 percent from October, a seven-month high that still continues a 19-month trend of mostly sideways growth at a low level. According to new data jointly released by the U.S. Census Bureau and

ABI Hits First Positive Territory in Three Months

After a nearly three-point jump in October, the Architecture Billings Index, a forward-thinking measure of future construction activity, increased by 2.6 in November to 52.0, the first positive level for the index since August. Additionally, the new projects inquiry, a

Multifamily Housing to Recover Strongly in 2012

Multifamily housing has been in the news quite a bit the last couple months, as analysts have pointed to the sector as one of the few bright spots in construction, if not the entire housing market, in recent months.

Inventories the Main Takeaway from NAR Revisions

As promised, the National Association of Realtors (NAR) released its revised totals yesterday on existing-home sales, and the “meaningful” changes the association had foretold came out to a 14.6 percent downward revision for 2010’s existing-home sales and a 14.3

Huge HARP 2.0 Restriction Lifted by Fannie

One of the key provisions to the HARP 2.0 revisions was eliminating the LTV ratio limits that restricted a huge swath of underwater homeowners from refinancing their mortgages; it would appear that Fannie Mae has taken it one step

CFPB Law Risks Further Foreclosure Backlog

Foreclosures, on average, take a long, long time to complete in the U.S. In fact, according to the latest data from Lending Processing Services, it takes an average of 631 days to foreclose on a property, and if current

Fannie Projects Strong Economic Finish for 2011

A new economic report from the Fannie Mae Economics & Mortgage Market Analysis Group states that the U.S. economy is poised to finish the year strongly, though 2012 may prove to be a tricky year. According to the report, the

Housing Construction Posts Big Gains in November

Residential housing construction posted some of the most promising gains of the year in the latest joint report from the U.S. Census Bureau and the Department of Housing and Urban Development. Data was especially strong for housing starts, which

How to Explain the NAR’s Counting Mishap?

We’re two days away from the official unveiling of the National Association of Realtor’s (NAR) revised existing home sales, and like many journalists and analysts, we await what will likely be a release of data that will greatly influence

What are the Costs of the Payroll Tax Cut?

The payroll tax cut drama continued earlier today when Speaker of the House John Boehner announced that the House of Representatives would not pass the two-month extension approved by the Senate over the weekend. The divergence in congressional behavior

Builder Confidence Rises for the Third Consecutive Month

Builder confidence continues to rise in the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI), a key measurement of builder sentiment and an influential projection on future housing activity. Derived from a monthly survey that the NAHB

Ask a Lender: Joel Schaub, Guaranteed Rate

Q: I am working with a buyer who wants to place an offer on a home in Oak Park, but I am not sure we will be able to sell his South Loop condo based on current sales in

What Can Builders and Developers Expect for 2012?

After several difficult years for the industry, many in real estate are looking to 2012 with much anticipation. Will this year bring the return of the for-sale market, or will rentals reign? What features will emerge in home design,

New Subscribe

  • This field is for validation purposes and should be left unchanged.