National News

Married U.S. Households Account for Less Than Half in 2010

According to the U.S. Census Bureau, the amount of married households in the United States now accounts for less than half of all

December Existing-Home Sales Jump

Nationwide existing-home sales rose sharply in December, when sales increased for the fifth time in the past six months, according to the National Association of

Real Data 2011 Now Available Online

See the top chicagoland agents, brokers and deals of 2011! Chicago Agent magazine has now released the highly anticipated fourth edition of Real Data, the premiere residential reference guide in the real estate

2010: The Year of Not-So-Empty Nesters

By Tom Butala A recent study from the National Association of Realtors shows that the amount of young adults living at home is at its highest level since the early

Mansion from The Godfather for Sale

Don Vito Corleone’s mansion has been put on the market for $2.9 million. The Tudor-style home is where Francis Ford Coppola’s 1972 iconic film The Godfather was

FHFA Announces Plan to Find Alternatives for Mortgage Servicing Structures

By Jessica Bollman Fannie Mae and Freddie Mac have been directed to work together along with the Federal Housing Finance Agency (FHFA) and the Department of Housing and Urban Development (HUD) to develop an alternative plan for future mortgage

Former Montana Property of Unabomber Ted Kaczynski Listed

By Tom Butala Northwest National Real Estate has boasted the opportunity to  “own a piece of infamous U.S. history” in their listing of the former residence of Unabomber Ted

FHA Issues Guidance for Reverse Mortgage Borrowers

The Federal Housing Administration (FHA) yesterday released guidance to homeowners and lenders that use the reverse mortgage or Home Equity Conversion Mortgage (HECM) program and are dealing with outstanding property taxes and unpaid hazard insurance premiums. FHA’s guidance is

Pending Home Sales Continue Recovery

Pending home sales rose again in November, with the broad trend over the past five months indicating a gradual recovery into 2011, according to the National Association of Realtors. The Pending Home Sales Index,* a forward-looking indicator, rose 3.5

Sandra Bullock Named Most Desirable Celebrity Neighbor for 2011

U.S. adults would most like to be neighbors with Sandra Bullock in 2011, according to the fourth annual Zillow Celebrity Neighbor Survey. The survey asked U.S. adults which celebrities and politicians they would most like to be their neighbor,

National Association of Realtors Reflects on 2010

2010 was a year of real estate contrasts. While many consumers took advantage of historic buying opportunities and the market saw a gradual stabilization of sales and prices, other challenges facing the nation led some to question the value

Obama Administration Releases December Housing Scorecard

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the December edition of the Obama Administration’s Housing Scorecard. The latest housing figures show continued home affordability in the housing market,

Homeowners Recoup More with Exterior Replacement Projects

As part of the 2010-11 Remodeling Cost vs. Value Report, the National Association of Realtors recently rated exterior replacement projects among the most cost-effective home improvement projects, demonstrating that curb appeal remains one of the most important aspects of

2011 Predictions From Industry Experts

Throughout the country, everyone has an opinion about the housing market and where it is heading. From unemployment rates to consumer confidence, the different stats, figures and charts can be overwhelming. To help make the future appear clearer, we

U.S. Housing Market Shows 23 Percent Year-Over-Year Rise in National Price Reductions

Trulia.com has released its December price reduction report for the U.S. housing market. Nationally, the number of listings with at least one price cut grew by 23 percent, from 22 percent in December 2009 to 27 percent in December

Housing Starts Rise 3.9 Percent in November

Nationwide housing starts rose 3.9 percent in November to a seasonally adjusted annual rate of 555,000 units from an upwardly revised number in the previous month, according to newly released data from the U.S. Commerce Department. This marked the

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