National News

Case-Shiller Reports 0.8 Percent Decrease for Chicago-Area Home Prices

U.S. cities are reporting little change in prices in the latest Case-Shiller Home Price Indices, the monthly report by Standard & Poor’s (S&P) that is the leading measure of U.S. home prices. The newest report, which surveys home prices for the third

The PMI Group Files for Chapter 11 Bankruptcy

The PMI Group, one of the country’s largest mortgage insurers, filed Chapter 11 bankruptcy proceedings last week to an amount of $736 million in debts, according to a HousingWire piece on the development. The bankruptcy filing is intended to

New Home Sales Edge Upward in October

New-home sales rose slightly in October by 1.3 percent to a seasonally adjusted annual rate of 307,000, according to new data from the Commerce Department released this morning. The data, which represented a 4,000-unit increase from September, beat economists’

Growth and Gains Observed in the FDIC’s Third Quarterly Report

Financial institutions insured by the Federal Deposit Insurance Corp. (FDIC) displayed positive gains on lower loan-loss provisions in this year’s third quarterly report; 63 percent of the FDIC’s client banks reported higher earnings, according to FDIC data cited by

Housing Recovery in Sight, but Further Down the Road

According to a survey by Reuters of economists and housing analysts, U.S. home prices will begin to improve in 2013, only after another year of stagnant recovery in 2012.  The survey polled 27 economic analysts between November 17 and

Not-So-Super Committee Puts Housing Cuts in Limbo

The Super Committee, the congressional panel charged with cutting $1.2 trillion from the federal budget, failed to meet a deadline this week, casting government budget conflicts and housing-related cuts in further distress. Though the cuts would not be scheduled

Turkey, Stuffing and Open Houses!

Thanksgiving is a time for family, community and scrumptious dining; or, if you’re an agent, a great time to list and sell properties! A new story in The Los Angeles Times by Lauren Beale has spotlighted several agents off the West

Housing Affordability Only Improves in Latest NAHB Index

Housing affordability displayed slight improvements in the third quarter of 2011, with interest rates at their lowest levels and  affordability near the highest levels it has been in over twenty years, according to the National Association of Home Builders

Government Hopes to Scale Back Involvement in Housing Market

Both Republicans and the Obama administration agree, surprisingly enough, that the government should back off a little from the housing market, according to a Washington Post article by Zachary Goldfarb. But executing the plan is easier said than

2011 HUD Grants Prioritizes Sustainable Development Across the U.S.

U.S. Department of Housing and Urban Development (HUD) Secretary Shaun Donovan recently announced the recipients of the 2011 sustainable communities grants. The goal of the grants, which totaled to nearly $96 million this year, is to help communities and

High-End Estate Owners Decide Whether to Cut Their Losses or Weather the Economic Storm

Auctions for penthouse apartments, waterfront mansions and grand country estates traditionally carry the stigma of a ‘last resort’ for desperate sellers or banks trying to get rid of foreclosed properties. The upkeep of homes $10 million and above can

Freddie Mac Releases November 2011 Economic Outlook

Freddie Mac released its Economic and Housing Outlook report for November 2011 yesterday, and according to the report, the country is right in the midst of the most affordable home-buying market in decades, though recent home sales don’t reflect

Will the Shadow Inventory Shroud a Housing Recovery?

There may be more than 3 million homes officially for sale nationwide, but a recent Miami Herald investigation has shown that millions of additional properties lay dormant in housing’s “shadow inventory,” many of them tucked away on bank’s balance

House of Reps Decisively Approve New FHA Loan Limits

The House of Representatives voted in favor for a bill that re-raised the limit of conforming jumbo mortgages for the Federal Housing Administration (FHA), ending a nearly two month gridlock in

Today’s Homebuyers Have Changed

The 2011 National Association of Realtors (NAR) Profile of Home Buyers and Sellers surveyed 5,708 home buyers and sellers, learning that the demographics of home buyers and types of homes being sold has shifted drastically this year, mostly due

Where are the Fixer-Uppers in the MLS?

Have you ever paid attention to some of the words used to describe properties in the MLS? LeapRE searched for keywords in descriptions that could be signals to have your affiliate recommendations ready for clients who buy the properties.

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