National News

Court Confirms Orleans Homebuilders, Inc.’s Plan of Reorganization

Orleans Homebuilders, Inc. (the “Company”, or “Orleans”) (Pink Sheets: OHBIQ.PK) and certain affiliated debtors today reported that the United States Bankruptcy Court for the District of Delaware has confirmed the company’s Modified Second Amended Joint Plan of Reorganization (the

Realtors Give Thanks to American Troops and Their Families This Holiday Season

As the holiday season approaches, the National Association of Realtors is giving thanks to American troops. NAR will provide care packages and housing assistance to support soldiers and their families here in the U.S. and abroad. Two national charities

Housing Remains Highly Affordable for Seventh Consecutive Quarter

Housing affordability remained near its highest level nationwide for the seventh consecutive quarter as interest rates dipped below 5 percent for the first time since the series was first compiled nearly two decades ago, according to the National Association

Mortgage Purchase Applications Increase in Latest MBA Survey

The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending November 19, 2010.  The Market Composite Index, a measure of mortgage loan application volume, increased 2.1 percent on a seasonally adjusted basis from one

McGraw-Hill Construction Reports on Growth of Green Building Market

By Tom Butala In 2010, the term ‘building green’ has been right up there with ‘foreclosure’ in conversations throughout the real estate industry. According to a recent study, the green trend will become increasingly prominent in

Realtors No Longer Top Professionals to Escape High Priced Cars

Take your best guess – who’s doing the worst among professionals in today’s economy: financial executives, lawyers, Realtors, doctors or insurance brokers? LeaseTrader.com analyzed data on drivers of various industries getting out of their expensive car lease and compared

Happy Thanksgiving Everyone!

Chicago Agent magazine would like to wish all of our readers a fabulous Thanksgiving. Enjoy the

Prices Stable While Sales Follow Seasonal Trend According to October National Housing Report

Impacted by normal seasonal drops in sales, an unpredictable foreclosure moratorium and an expired Tax Credit, residential home sales were lower again in October. A monthly survey of 54 metropolitan areas indicates that sales were 9.8 percent below those

Obama Administration Releases November Housing Scorecard

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury released the November edition of the Obama Administration’s Housing Scorecard (www.hud.gov/scorecard). The latest housing figures show continued signs of stabilization in house prices

HUD Launches New One-stop Website for Economic and Housing Data

The U.S. Department of Housing and Urban Development today unveiled a new website that consolidates a wide variety of economic and housing market data at the regional, state, metropolitan area and county levels. Using data from the Census Bureau,

NAR Praises FHA’s Increased Stability

The latest independent audit of the Federal Housing Administration shows the agency’s financial condition has improved from last year, when it announced its capital reserve fund had fallen below the 2 percent level mandated by Congress. The annual audit

Builder Confidence Improves Slightly in November

Builder confidence in the market for newly built, single-family homes improved slightly in November, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released today. The HMI rose one notch to 16 from a downwardly

Consumer Mortgage Bureau Announces New Designation Programs

The Consumer Mortgage Bureau has developed two new designation programs to define the Mortgage Industry in the wake of the S.A.F.E. Mortgage Licensing Act of 2008: the Registered Mortgage Professional (RMP) and the Licensed Mortgage Professional (LMP). On July

Third Quarter Metro Area Home Prices Hold During Post-Credit Sales Decline

Fully half of metropolitan areas tracked in the third quarter continued to show modest home price increases from a year ago, despite a sharp decline in home sales after the deadline for the home buyer tax credit, according to

Council of Residential Specialists Installs Its 2011 Leadership Team

The Council of Residential Specialists inducted its 2011 leadership team during its inaugural dinner and awards ceremony on Nov. 6, 2010, in New Orleans during the National Association of Realtors Conference & Expo. Frank Serio, CRS, CRS, CRB, Mark

Don’t Forget About Our Veterans – And VA Loans!

Veterans Day is an annual U.S. holiday for honoring our military veterans. The federal holiday is observed on Nov. 11 every year, and is also known as Armistice Day or Remembrance day throughout the world. The date is significant,

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