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Business Outlook Archive


All-Cash Share of U.S. Home Purchases Drops to Lowest Level Since 2009

RealtyTrac® recently released its May 2015 U.S. Home & Foreclosure Sales Report, which shows 24.6 percent of all single family home and condo sales in May were all-cash purchases, down from 28.5 percent in the previous month and down ...


Pending Home Sales Reach Highest Level in Nine Years

Pending home sales continued to rise in May and are now at their highest level in over nine years, according to the National Association of REATORS®. Gains in the Northeast and West were offset by small decreases in the Midwest and South. ...


Seeing Is Believing: Expanding National Housing Inventory Makes Summer 2015 Best Buying Season Since 2006

U.S. housing markets are on track to be the best since 2006 with robust demand and a corresponding growth in supply (4 percent month-over-month) maintaining their springtime momentum and helping to boost sales in June 2015, according to realtor.com’s ‘Advance ...


Student Debt Is One of the Top Reasons Millennials Are Not Buying Homes

Twenty-somethings are not borrowing money to buy homes at the rate they were a decade ago—a trend that may have as much to do with high levels of student debt and poor job prospects as it has to do with trauma from ...


CFPB Delays ‘Know Before You Owe’ Rule again for a Saturday Launch

The Consumer Financial Protection Bureau (CFPB) Wednesday issued a proposed amendment to the “Know Before You Owe” mortgage disclosure rule, which proposes to move the rule’s effective date to October 3, 2015, two days later than its most recent proposal to extend the effective date to October 1, 2015. ...


Best and Worst Markets for Low Down Payment Buyer Affordability, Accessibility

RealtyTrac® has released a joint analysis with Down Payment Resource that examined affordability, median income, median home price and homeownership program availability in 370 U.S. counties with a population of at least 100,000 and where sufficient data was available. The report then ranked each ...


Top Home Markets Increase, Half Reaching Full Pricing Recovery

Homes.com® recently released its April 2015 Local Market Index, a price performance summary of repeat sales in the top 100 markets, and the companion Midsize Markets Report for the next 200 largest markets. Among the nation’s top 300 markets, 137 markets (46 percent) ...


Top 250 Latino Real Estate Agents in the U.S. Close $4 Billion in Transaction Volume over the Last Year: NAHREP

The National Association of Hispanic Real Estate Professionals (NAHREP) released its annual report Wednesday on the Top 250 Latino Agents in the country. For the fourth consecutive year, NAHREP received a record number of applications from top agents across the country ...


April Prices Mark Largest Seasonal Gain Since 2005

The latest FNC Residential Price Index (RPI) shows U.S. home prices climbed rapidly since March, as strong sales and limited inventory relative to demand continue to be the key narratives highlighting the spring housing market countrywide. ...


Economic Rebound on the Horizon with Q1 Slump in Rearview Mirror

Recent indicators suggest that the U.S. is experiencing a moderate rebound in economic growth in the current quarter following a temporary drop in activity in the first quarter, according to Fannie Mae’s (FNMA/OTC) Economic & Strategic Research (ESR) Group. The strong U.S. dollar and challenges in the oil and gas ...


Existing-Home Sales Bounce Back Strongly in May as First-time Buyers Return

Fueled partly by an increase in the share of sales to first-time buyers, existing-home sales increased in May to their highest pace in nearly six years, according to the National Association of REALTORS®. Led by the Northeast, ...


Tech Trends and Profitability Strategies in Focus at August REALTOR Broker Summits

Bringing together its broker members for an in-depth strategy session, the National Association of REALTORS® two 2015 REALTOR® Broker Summits, taking place this August in Seattle, will offer real estate professionals a unique opportunity to learn from industry leaders about the critical ...


May Home Sales and Prices Continue Rising

Home sales in May were greater than in any other May since the RE/MAX National Housing Report began in 2008. This spring has now experienced a four-month trend in which sales were higher than both the previous ...


CFPB Announces Two-Month Pushback of TRID Rule

The Consumer Financial Protection Bureau (CFPB) announced this week a proposal to push back the effective date of the TILA-RESPA Integrated Disclosure rule, which combines two mortgage disclosure regimes into one. The new date is set for October 1. The rule, originally set to go ...


More Upscale Buyers Enter Market, International Sales Dollar Volume Spikes

While total unit sales from international home buyers decreased from last year, total sales dollar volume increased 13 percent, according to the National Association of REATLORS® 2015 Profile of Home Buying Activity of International Clients. ...


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