News / Features

Housing Affordability Hits Highest Level in History

By Tara Steele, AGBeat.com Economic indicators show housing is improving, and while recovery is not necessarily imminent, housing affordability conditions have reached the highest level since recordkeeping began in 1970, according to the National Association of Realtors’ (NAR) Housing

Default Risk at Lowest Level in Seven Years

By Peter Ricci Default risk for American homeowners fell to its lowest level in seven years in the first quarter of 2012, according to the latest Default Risk Index from University Financial Associates (UFA), with improving economic conditions being

Which Neighborhoods and Suburbs Sell the Most Units?

In terms of all types of residential, non-land and non-rental listings, which city neighborhoods and which suburbs have been selling the most so far this year, as of Feb. 29? Here, the first chart shows the top five Chicago

Lawmakers Renew Calls for Principal Write Downs

It was perhaps inevitable that another White House housing initiative would inspire calls from Capital Hill for principal write downs, but a group of Democrats have taken it a step further in not only pressuring the president for write

Leading Multifamily Index Positive for Multi-Times

The National Association of Home Builders (NAHB) released its latest Multifamily Production Index (MPI) yesterday, showing a steady uptick in the apartment and condominium markets that indicate future activity for the markets. Increasing from 47.3 in the third quarter

Mortgage Debt Continues its Positive Slide

Residential mortgage debt continued to fall in the Federal Reserve’s Flow of Funds report for the fourth quarter, dropping $42 billion, or 1.5 percent. Though it was the smallest drop since 2009, mortgage debt has now declined by $777

“Home Alone” House Sells for $1.585 Million

Families around the world watched as Macaulay Culkin defended his family home from burglars Joe Pesci and Daniel Stern in the 1990 hit film “Home Alone.” That home, a red, brick, four-bedroom Colonial located in Winnetka, recently sold for

Echoes of Prosperity in New Generation of Homebuyers

The “Echo Boomers,” the upcoming generation of working professionals aged 15 to 29, make up nearly 65 million individuals born between 1981 and 1995, an increase of nearly four million from the preceding “Baby Bust”generation. Clearly, quite a few

Consumer Attitudes Stabilizing in February Fannie Survey

Consumer attitudes on both housing and the greater economy appear to be stabilizing, based on the results of Fannie Mae’s February 2012 National Housing Survey, a telephone poll of more than 1,000 Americans that assess their attitude on a wide

CFPB Readies New Rules for Mortgage Servicers

Consumer Financial Protection Bureau (CFPB) Director Richard Cordray indicated in a speech Tuesday before the National Association of Attorneys General that his agency is preparing a new list of rules and guidelines for mortgage servicers drafted to better inform

Prices and Affordability Create a Delightful Inversion

CoreLogic’s Home Price Index, the measure of home values that is used by the Federal Reserve in its economic research, might have fallen for the sixth straight month in January, but it also contributed to what the National Association

Qualification Ills for Mortgage Settlement Principal Reductions

There were quite a few features in the $26 billion mortgage settlement in February between the nation’s five largest banks and 49 state attorneys general, but one of the more notable details involved a $10 billion commitment to principal

White House Unveils New FHA Refinancing Policy

President Obama unveiled yet another housing-related policy at a news conference yesterday that dramatically lowers interest rates for two to three million refinancing homeowners with Federal Housing Administration (FHA) mortgages. The policy would modify the FHA’s “Streamline” refinancing option

Default Risk at Lowest Level in Seven Years

Default risk for American homeowners fell to its lowest level in seven years in the first quarter of 2012, according to the latest Default Risk Index from University Financial Associates (UFA), with improving economic conditions and pricing being among

The Reality Landscape of the Case-Shiller

Standard & Poor’s released the latest Case-Shiller Indices last Tuesday, reporting a 1.1 percent drop from November to December, a 4 percent drop from December 2010, and for Chicago, respective drops of 2 and 6.5 percent. Those indices, however,

Multifamily Market a Study in Contradictions

We’re reported numerous times on the surging nature of the multifamily market, but a new study out from Fitch Ratings has pointed out a strange contradiction in the market’s performance that calls into question its relative

New Subscribe

  • This field is for validation purposes and should be left unchanged.