National News

New Tool Launched for LEED Professional Credential Holders

The Green Building Certification Institute (GBCI) has launched the CMP Wizard, an interactive online tool to help LEED Professionals understand their Credential Maintenance Program (CMP) requirementsand explore continuing education

First Tier Suburbs Are a “Sweet Spot” For Development and Investment

Once bypassed in the stream of investments being funneled into downtown cores and outlying suburbs, first-tier neighborhoods are emerging in the post-recession era as major magnets for urban growth, according to Urban Land Institute Chief Executive Officer Patrick L.

Chicago Ranks First in U.S. LEED-Certified Structures

The Windy City currently leads the U.S. in the number of LEED-certified

MBA Reports Decrease in Mortgage Applications

The Mortgage Bankers Association (MBA) released yesterday its Weekly Mortgage Applications Survey for the week ending February 11, 2011. The Market Composite Index, a measure of mortgage loan application volume, decreased 9.5 percent on a seasonally adjusted basis from

Housing Starts Up 14.6 Percent in January

According to mam.Econoday.com, U.S. housing starts have climbed in the month of

Home Price Stabilization Seen in Most Metro Areas during Fourth Quarter

Home sales rebounded in 49 states during the fourth quarter with 78 markets – just over half of the available metropolitan areas – experiencing price gains from a year ago, while most of the rest saw price weakness, according

An Increase of Cash Buyers Help Boost the Market

Are all-cash deals the way to go in today’s market? According to the National Association of Realtors, 28 percent of national sales last year were all-cash transactions. The rate was 14 percent in October 2008, when the trade group

Obama Administration Winding Down Fannie Mae and Freddie Mac

Today, the Obama Administration delivered a report to Congress that provides a path forward for reforming America’s housing finance

Foreclosure Activity Stalls

RealtyTrac released yesterday its U.S. Foreclosure Market Report for January 2011, which shows foreclosure filings this month have increased 1 percent from last month but a 17 percent decrease from January

Zillow Chief Economist Optimistic About Housing Market

Zillow released yesterday its Q4 2010 Real Estate Market Report. The online real estate portal that recently merged with Yahoo! says that despite less-than-impressive numbers in the end of 2010, the market should see gains throughout the duration of

Survey Shows Public Dissaproval of Current Lending Practices

As the government works to resolve a failed lending system for homebuyers and owners, a survey released yesterday by MortgageMatch.com shows the majority of Americans agree that major change is

Obama Administration Releases January Housing Scorecard

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury recently released the January edition of the Obama Administration’s Housing

Chicago Commercial Real Estate Firm Accurately Predicts Super Bowl XLV

As the Green Bay Packers made good on their quest for victory in Super Bowl XLV, they also validated the prediction of Chicago-based real estate firm Jones Lang

Remodelers Expect Market Gains During 2011

The latest National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI) edged up to 41.5 in the fourth quarter of 2010, compared to 40.8 in the third quarter. An RMI below 50 indicates that more remodelers say market

FHFA Proposes Rule on Private Transfer Fees

FHFA this week sent a proposed rule to the Federal Register to begin formal rulemaking on private transfer

Zillow and Yahoo! Real Estate Combine Forces

Zillow.com and Yahoo! Real Estate launched yesterday an exclusive partnership that brings together the two sites and creates the largest real estate network on the web, according to

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