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Business Outlook Archive


Connecticut Home Sales Increase after Seven-Year Slump

Regional Spotlight—After seven straight years of declining home sales in Connecticut, sales volume increased in 2012 - another sign of a recovering housing market, according to a new report from The Warren Group, publisher of The Commercial Record. ...


Innovative Home Products Poised to Hit Market

(MCT)—In the market for a hot-water-dispensing refrigerator? That was just one of the innovative and unusual products on display last month at the International Builders’ Show in Las Vegas. ...


Home Prices in 2012: Best Year-on-Year Gain in Six Years

CoreLogic®, a leading residential property information, analytics and services provider, recently released its December CoreLogic HPI® report. Home prices nationwide, including distressed sales, increased on a year-over-year basis by 8.3 percent in December 2012 compared to December 2011. This change represents ...


Will Shadow Inventory Come to Light in 2013?

(MCT)—It's called “shadow inventory,” and it could halt or reverse a recovering housing market. That's why the phrase, which describes homes in some form of distress but not yet on the market, popped up during the Q&A segment of the Charleston Trident Association of Realtors sales forecast last week. ...


Fourth Quarter Results: 84 Percent of Refinancing Homeowners Maintain or Reduce Mortgage Debt

Freddie Mac released the results of its fourth quarter refinance analysis showing homeowners who refinance continue to strengthen their fiscal house. This release also contains annual statistics on refinances for the ten largest metropolitan areas and four Census regions of the U.S. ...


Nation’s Leading Brokers Vie for Top Ranking

As the real estate market quickens its pace toward recovery, brokerage firms from around the country are reporting increasingly positive numbers. Brokers will document their organization’s success by participating in RISMedia’s 25th Annual Power Broker Report & Survey, the industry’s preeminent ...


Commercial/Multifamily Mortgage Originations Up 49 Percent

Commercial and multifamily mortgage originations increased 49 percent between the third and the fourth quarters of 2012, and were also up 49 percent compared to the fourth quarter of 2011, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. ...


Federal Agencies Working to Make Homes Healthier

Several federal agencies recently unveiled Advancing Healthy Housing – A Strategy for Action. White House Council on Environmental Quality (CEQ) Chair Nancy Sutley, Environmental Protection Agency (EPA) Administrator Lisa P. Jackson, Secretary of Housing and Urban Development (HUD) Shaun Donovan, Surgeon General Regina Benjamin, M.D., and Deputy Secretary of Energy ...


Housing Recovery Progresses as Short Term Momentum Stalls

Clear Capital, a premium provider of data, collateral risk assessment, and real estate asset valuation and analytics, recently released its Home Data Index™ (HDI) Market Report with data through January 2013. Using a broad array of public and proprietary data sources, the HDI Market Report publishes the most granular home ...


Fannie Mae and Its Lenders Finance $33.8 Billion in Multifamily Loans in 2012

Fannie Mae, provided $33.8 billion in financing to the multifamily market in 2012, the third highest acquisition year in its history. The company remained the largest source of multifamily financing in 2012, working with lender partners to finance nearly 560,000 units of multifamily housing. Approximately 98 percent ($33.1 billion) of ...


Housing Recovery Is Real but Risks Remain

The U.S. housing recovery is real and underway. The end-of-year numbers are in for the primary housing measures. Existing home sales were up 9 percent in 2012 from 2011; new home sales were up 20 percent in 2012 from a year ...


Donovan and DeMarco Announce Extended Foreclosure Relief for Hurricane Sandy Storm Victims

U.S. Housing and Urban Development Secretary Shaun Donovan, who serves as President Obama’s Chairman of the Hurricane Sandy Rebuilding Task Force, and Federal Housing Finance Agency Acting Director Edward J. DeMarco recently announced that the Federal Housing Administration (FHA), Fannie Mae, ...


Four Ways to Stir up Your Database and Find Opportunities

Leads, leads, leads. They’re probably always on your mind. Where to find new leads, how to respond to them quickly, and what it takes to convert them into clients. ...


FHA Takes Additional Steps to Bolster Capital Reserves

As part of a broad effort to strengthen the Federal Housing Administration’s (FHA) Mutual Mortgage Insurance Fund (MMI Fund), FHA Commissioner Carol Galante announced a series of changes to be issued this week that will allow the agency to better manage risk and further strengthen the health of the MMI ...


Gen Y Is Ready to Buy — Are Agents Ready to Work with Them?

2013 is going to be the year of the first time homebuyer. With home prices rebounding, the job market stabilizing, and mortgages more affordable than ever, the next wave of home buyers are ready to act. This will be the first ...


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