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Business Outlook Archive


Custom Home Building Declines Slightly during the First Quarter of 2015

NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates that the number of custom home building starts (homes built on an owner’s land, with either the owner or a builder ...


Mortgage Applications Move Lower

Mortgage applications decreased 1.5 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending May 15, 2015. ...


Existing-Home Sales Lose Momentum in April

Despite properties typically selling faster than at any time since July 2013, existing-home sales slowed in April but remained above an annual sales pace of five million for the second straight month, according to the National Association of REALTORS®. All major regions except for the Midwest experienced sales declines in April. ...


Homeowners Voice a Shifting Sense of Home Value in New Study

Berkshire Hathaway HomeServices and Berkshire Hathaway New England Properties recently released results of its first quarterly Homeowner Sentiment Survey showing that people’s perception of home value in the post-crash era runs much deeper than ...


Howard Hanna Acquires N.Y.’s Nothnagle Realtors

At a joint press conference held in Rochester, N.Y. Wednesday, Howard W. “Hoddy” Hanna, III, Chairman and CEO of Hanna Holdings, Inc., and Armand D’Alfonso, President and CEO of Nothnagle Realtors, announced that Nothnagle Realtors has joined forces with Howard Hanna Real Estate Services. ...


Rising Bank Repossessions Cause Foreclosure Activity to Increase in April

RealtyTrac® recently released its April 2015 U.S. Foreclosure Market Report™, which shows foreclosure filings—default notices, scheduled auctions and bank repossessions—were reported on 125,875 U.S. properties in April of 2015, up 3 percent from the previous month and up 9 percent from a ...


Housing Starts Explode to New Heights

After a slugging winter, housing starts have jumped a whopping 20.2 percent in April, restoring themselves to what some are calling “recovery highs,” levels similar to November 2007. Housing start landed at a 1.14 ...


Brokers Welcome Greater Data Control as NAR Approves Funding for Upstream

This past Saturday during the 2015 REALTORS® Legislative Meetings & Trade Expo in Washington, D.C., the NAR Board of Directors approved a partnership between the National Association of REALTORS® (NAR) and its wholly ...


March Home Prices Continue to Rise

According to FNC’s Residential Price Index™ (RPI), U.S. home prices continued to rise at a brisk pace in March and up 0.9 percent nationwide. ...


Project ‘Upstream’ Revealed

For a few years now, industry leaders have been working together to address data problems, producing almost two years ago a solution concept called “Upstream.” Not long after that, the WAV Group was asked to consult on the technical side of the development of the project. Our non-disclosure agreement has ...


NAR Unveils New REALTOR® Safety Resources

To aid members and REALTOR associations in developing safety protocols, the National Association of REALTORS)® has expanded its REALTOR®Safety Program resources with new classes and materials. ...


New Survey Shows TRID Compliance Systems Not Ready

More than 20 percent of banks preparing to comply with the new TILA-RESPA Integration Disclosure Rule – or TRID – will not offer certain mortgage products if the vendor’s systems are not ready, according to a recent survey from the American Bankers Association. The association sent the survey data ...


Breaking News: Project Upstream Revealed

For a few years now, industry leaders have been working together to address data problems, producing almost two years ago a solution concept called “Upstream.” Not long after that, the WAV Group was asked to consult on the technical side of the development of the project. Our non-disclosure agreement has ...


The Road to Recovery: 4 Factors That Affect Home Prices

With housing on a steady path to recovery, home prices have risen approximately 20 percent in the last three years, according to the Federal Housing Finance Agency (FHFA) and Standard & Poor’s (S&P) Case-Shiller house price indices—and both consumers and industry professionals ...


Residential Loan Originations Increase 17 Percent

A new report shows that 1,551,865 loans were originated on single family homes and condos in the first quarter, down 6 percent from the previous quarter but up 17 percent from a year ago. ...


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