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Business Outlook Archive


Are You on Real Estate’s A-List? Numbers Coming in for 27th Annual Power Broker Survey

The numbers are coming in to RISMedia from several hundred of the nation’s top-ranking real estate firms, submitting their 2014 totals of closed transactions and sales volume to RISMedia’s Power Broker Survey. The Power Broker Survey is the industry’s most widely read ...


Millennials Seek Smaller Houses, but Won’t Sacrifice Details

As Millennials begin to enter the home buying market in larger numbers, homes will get a little smaller, laundry rooms will be essential, and home technology will become increasingly prevalent, says panelists during an International Builders’ Show press conference on home trends and ...


U.S. New Home Sales Jump 11.6% in December

Sales of new single-family houses in December 2014 were at a seasonally adjusted annual rate of 481,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 11.6 percent (±16.5%)* above the ...


Boomerang Buyers Will Likely Inch Back Into Market

The first wave of 7.3 million homeowners who lost their home to foreclosure or short sale during the foreclosure crisis in 2015 are now past the seven-year window they conservatively need to repair their credit and ...


ListHub Releases Details, Terms of Listing Deal Proposed to Zillow

In the wake of the news earlier this month that ListHub will be sunsetting its listing agreement with Zillow in April, ListHub released a letter to its customers and key constituents Monday that ...


2014 a Year of Recovery for Owners of Low-End Homes

Owners of the country’s lowest valued homes emerged from 2014 in a stronger position than previous years, with home values up 6.8 percent year-over-year. ...


Home Sales Increase in Year End Bounce Back

Defying the normal trend, home sales in December rose above the number of November sales by a significant 14.4 percent. Sales were also 3.9 percent above those of last December. Although home sales have generally been lower in 2014 than 2013, ...


Zillow Chief Economist, HUD Secretary Talk Housing Following SOTU, Castro Calls 2015 ‘Year for Housing Opportunity’

Following on the heels of President Barack Obama’s second-to-last State of the Union Address, during which he made a passing reference to the changes made at the Federal Housing Administration (FHA), HUD Secretary Julián Castro sat down at the ...


HomeServices of America Announces Formation of Regional Brokerage

HomeServices of America, a Berkshire Hathaway affiliate, announced Tuesday the consolidation of Berkshire Hathaway HomeServices Northwest Real Estate (based in Seattle, WA) and Berkshire Hathaway HomeServices Northwest Real Estate (based in Portland, OR), creating a regional Pacific Northwest brokerage. ...


Bank Economists Predict Robust Economic Growth in 2015

2015 will show an economic improvement, according to the Economic Advisory Committee of the American Bankers Association, who predicts that the U.S. economy will grow nearly 3 percent on an inflation-adjusted basis this year compared to 2.5 percent last year. ...


New Research Highlights Finance Constraints on Housing Demand

An interesting new paper published by economists at the Federal Reserve Bank of New York demonstrates the important role downpayment and wealth constraints play in shaping housing demand, particularly for lower-income homebuyers. ...


Many Buyers No Longer See Marriage as Prerequisite to a Mortgage

(TNS)—In more than two decades as a real estate agent, Marc Tahler has seen his client base of would-be buyers shift. ...


Mortgage Applications Skyrocket 49 Percent – Largest Weekly Jump Since 2008

Mortgage applications made big moves last week, increasing 49.1 percent from one week earlier and showcasing the largest jump since November 2008, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 9, 2015. ...


Properties with Foreclosure Filings Down 18 Percent – Lowest Level Since 2006

Foreclosure filings—default notices, scheduled auctions and bank repossessions—were reported on 1,117,426 U.S. properties in 2014. This number is down 18 percent from 2013 and 61 percent from the peak of 2,871,891 properties with foreclosure filings in 2010, according to the recently release RealtyTrac® ...


High Court Makes It Easier for Borrowers to Walk Away from Underwater Homes

On Tuesday, the U.S. Supreme Court ruled that borrowers looking to rescind their mortgages simply need to notify creditors in writing of their intention to rescind within three years under a key fair lending law. This ruling could possibly make it much easier ...


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