News / Features

Mortgage Markets on the Mend in MBA National Delinquency Survey

The mortgage markets showed considerable signs of healing in the Mortgage Bankers Association’s latest National Delinquency Survey, a wide-ranging measure of the U.S. residential mortgage markets. Among the survey’s many highlights were the national delinquency rate, which at 7.09

What Are the Most Recognizable Brands in Real Estate?

There are numerous brands in the real estate industry, all of which follow unique business models and offer their clients and agents different experiences in the homebuying and selling process; which of those brands, though, is the most recognizable

NAR: Existing-Home Sales Inch Up While Housing Inventory Falls

In what has become a recurring pattern for the housing market, existing-home sales inched up in January while housing inventory declined, according to the latest analysis from the National Association of Realtors (NAR). Nationally, existing-home sales were up 0.4

Chicagoland Home Sales Up 36.8 Percent in January

January was another strong month of real estate for the Chicagoland area, according to the Illinois Association of Realtors (IAR), with Chicagoland home sales rising 36.8 percent year-over-year. Though the area’s median price was only up 0.7 percent on

Freddie Mac Dishes the Optimism in New Market Report

“Optimism” was somewhat of a taboo term during the darkest days of the housing downturn, with any encouraging reports on the housing market earning skeptic glances and caustic asides. Now, though, the situation is a little different. Housing starts,

Fading Foreclosure Discounts Complement Rising Home Prices

An interesting thing has been happening in the housing market. Home prices, as we’ve reported on numerous occasions, have been rising steadily after bottoming in 2012’s first quarter, but a recent FNC report found a corresponding trend – discounts

Census Bureau: Building Permits Up 35.2 Percent in January

January was another strong month of residential construction activity, according to the latest data from the Census Bureau, with building permits increasing 35.2 percent year-over-year. With a seasonally adjusted annual rate of 925,000, building permits also increased 1.8 percent

MRED Rolls out the Red Carpet for Listingbook AI

Midwest Real Estate Data (MRED), Chicagoland’s multiple listing service, has announced that Listingbook AI, the cutting edge customer collaboration/interaction tool, has gone live to its nearly 40,000 real estate

FHA Labelled Risky Business by Government Accountability Office

Oh no they didn’t! Even after taking sweeping steps to shore up its finances and avoid a Treasury bailout, the Federal Housing Administration (FHA) still suffered an awkward blow last week, with the Government Accountability Office (GAO) labeling the

RealtyTrac Market Report Shows Decrease in Foreclosure Filings

Foreclosure filings were down 28 percent year-over-year in January and 7 percent from December, according to the latest Foreclosure Market Report from research firm RealtyTrac. In addition, U.S. foreclosure starts hit a 79-month low, decreasing 11 percent from last month and decreasing

NAHB: Builder Confidence Holds Firm in February Housing Market Index

Builder confidence held firm in February’s Housing Market Index, falling just one point from January to a rating of 46, according to the National Association of Home Builders (NAHB). Despite the decline, the Housing Market Index has risen strong

CoreLogic: Half of Today’s Mortgages Do Not Meet QM Standards

Roughly half of today’s mortgage originations do not meet the standards of the Consumer Financial Protection Bureau’s qualified mortgage rule, according to analysis by CoreLogic. As CoreLogic explained in its February MarketPulse Report, 52 percent of today’s originations would

National Mortgage Delinquency Rate Down 14 Percent in 2012

The national mortgage delinquency rate, which tracks how many of the nation’s borrowers are seriously delinquent on their mortgages, fell in 2012’s fourth quarter, declining from 5.41 percent in the third quarter to 5.19 percent in the fourth, according

Pressure Mounts for President Obama to Fire Ed DeMarco

Well, it was bound to happen sooner rather than later. House Democrats have renewed their calls for President Obama to fire Ed DeMarco, the acting director of the Federal Housing Finance Agency (FHFA) who has single-handedly stalled the government’s

Real Estate Love – A Zippy Approach

She ruled in beauty o’er this heart of mine, A noble lady in a humble home, And now her time for heavenly bliss has come, ‘Tis I am mortal proved, and she divine. “Soleasi Nel Mio Cor” by Petrarch

Good News for Downtown Chicago Condo Market

The downtown Chicago condo market put up strong numbers in 2012, with sales of existing condos rising 31.2 percent over 2011, according to analysis by the Appraisal Research

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