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Business Outlook Archive


Home Values Performed 42 Percent Better When Located Near Public Transportation

Location, location, location near public transportation may be the new real-estate mantra according to a new study released recently by the American Public Transportation Association (APTA) and the National Association of Realtors® (NAR). Data in the study reveals that during the last ...


Suburban Blight & the Affordable Housing Conundrum

As the urban revival in some American cities pushes out lower-income earners to the nearby suburbs, many of those edge cities are struggling to redefine their purpose—and identity—in a new economy. ...


Buying in Bloom: Mortgage Rates Stage for Start of Spring Season

Freddie Mac recently released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates reversing course from the previous week and heading lower with the start of the spring home buying season. As of this week, the 30-year fixed has remained below 4 percent for a ...


Existing-Home Sales and Prices Continue to Rise in February

February existing-home sales and prices affirm a healthy recovery is underway in the housing sector, according to the National Association of REALTORS®. Sales have been above year-ago levels for 20 consecutive months, while prices show 12 consecutive months of year-over-year price ...


Eye on the Economy: Home Building Job Growth Ahead

Housing construction activity has increased significantly over the last year across the three primary sectors of home building: single-family, multifamily and remodeling. And that growth in turn means good news for those businesses that support residential construction, including building suppliers and ...


Survey Shows Next Gen of Homeowners Prefer Customized Spaces

There’s a new type of homebuyer on the market. They know what they want and are ready to get their hands dirty to transform a house to meet their unique needs. Stereotypical luxury and prototypical homes do not entice them; rather ...


Lumberyards Bustling as Housing Market Improves

(MCT)—Even before dawn breaks, workers at the lumberyard in Lynwood, Calif., were bustling around, getting a move on the day. Men in yellow safety vests drove flatbed trucks stacked to the brim with planks of wood. Others were buzzing around in forklifts, ferrying more boards. ...


Mortgage Applications Decrease in Latest MBA Weekly Survey

Mortgage applications decreased 7.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 15, 2013. ...


Home Selling Season Starts Strong

In February, both home sales and prices rose higher than a year ago. After a decisive housing turnaround in 2012, this year looks to improve on recovering market trends. With data representing 52 metropolitan areas, the February RE/MAX National Housing Report shows home sales 2.3 percent greater than February 2012 ...


Eye on the Economy: Low Inventories Driving Permit Growth

While recent economic reports suggest that home building took a pause at the beginning of 2013, leading indicators point to more growth for housing in the months ahead. ...


January Home Prices Rise 0.3 Percent

The latest FNC Residential Price Index® (RPI) indicates that U.S. property values continued to recover through January—the 11th consecutive month of rising prices. Despite the uneven pace of price gains across different geographical markets, there are clear signs that the housing ...


In New York, Confidence Ticks Up

Regional Spotlight--According to a monthly survey of real estate brokers by The Real Estate Board of New York, brokers remained confident in the market in February 2013, with increased confidence indexes for both the residential and commercial markets compared to last month. The Real Estate Market Overall Confidence Index for ...


Pocket Listings: Helpful or Harmful?

Pocket listings—listings sold outside of the MLS—are gaining heat inside the real estate industry. Far from a new concept, they are one of real estate’s biggest in-house controversies, with professionals from across the country taking different stances as to whether or not they help or hinder the market. ...


What’s for Free Lunch Today?

It’s been a long time since the original “free lunch” prompted economists to remind us there’s no such thing as one. Saloon patrons in the late 19th century were often treated to a free meal in exchange for a drink. In ...


Documentary Co-Produced by Broker Exposes Foreclosure Devastation in Low-Income Hispanic Neighborhood

The new documentary Home exposes the decline and devastation of the foreclosure crisis in the west Phoenix neighborhood of Maryvale. Filmmaker Gail Buck, founder of the nonprofit Project Maryvale, a community activist and one of the state’s leading real ...


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