National News

HSBC Halts U.S. Foreclosure Activity

According to the Associated Press, London-based HSBC Holdings is suspending foreclosures in the

NAR Chief Economist: “Fundamentals for Housing Recovery are Developing”

Pending home sales eased moderately in January for the second straight month, but remain 20.6 percent above the cyclical low last June, according to the National Association of

Housing Affordability Rises to Highest Level in Two Decades

Nationwide housing affordability during the fourth quarter of 2010 rose to its highest level in the 20 years since it has been measured, according to National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI) data released

New Home Sales Drop in January

According to the U.S. Census Bureau and the Department of Housing and Urban Development, new single-family home sales fell in January compared to the month

2010 Chicagoland Volume of List-Side Sales

According to LeapRE, agents who produce over $10 million in list-side sales (171 to be exact) represent 20 percent of Chicagoland’s listing volume. On average, they have their listings on the market for the shortest amount of time, the

NAR Figures Show Another Rise in Home Sales

The uptrend in existing-home sales continues, with January sales rising for the third consecutive month with a pace that is now above year-ago levels, according to the National Association of

RealtyTrac Report Shows Decline in Foreclosures

RealtyTrac released yesterday its Year-End and Q4 2010 U.S. Foreclosure Sales Report, which shows that foreclosure homes accounted for nearly 26 percent of all U.S. residential sales during the year, down from 29 percent of all sales in 2009

Toll Brothers Reports Profit in Q1 2011

Toll Brothers, Inc. has announced results for earnings, revenues, contracts and backlog for its first quarter ended January 31,

S&P Case-Shiller Home Price Indices Shows Mixed Progress in Local Markets

Data through December 2010, released today by Standard & Poor’s for its S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, show that the U.S. National Home Price Index declined by 3.9 percent during the fourth quarter

Mortgage Applications Increase in Latest MBA Weekly Survey

Mortgage applications increased 13.2 percent from last week, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending February 18,

National Survey Reveals Renter Moving Plans for 2011

For the first time in years, the apartment rental market is beginning to experience signs of recovery as the U.S. economy slowly begins to

NAR Faces Allegations of Inflating Existing-Home Sales Reports

The National Association of Realtors (NAR) is facing allegations of inaccurate reports of existing-home sales dating back to

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

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