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Business Outlook Archive


Construction Spending on Single-Family Homes up 40 Percent Since Recession Low

According to the Census Bureau, private residential construction spending fell slightly for the month of July, after three successive months of gains. The July value of private residential construction put in place was down 1.6 percent on a seasonally adjusted ...


Apartment Market Infographic Shows Rents are Heating Up

According to research by MPF, provider of market intelligence and objective insights exclusively to the multifamily industry, the average rent increased 4.0 percent from mid 2011 to mid 2012. Are you wondering how the multifamily market is doing? View the following infographic to learn where the top and bottom ten ...


Consumer Financial Protection Bureau RESPA/TILA Harmonization Proposal

On July 9, 2012, the Consumer Financial Protection Bureau (CFPB) issued a 1,100 page proposal to harmonize the Real Estate Settlement Procedures Act (RESPA) and the Truth in Lending Act’s (TILA) disclosures, forms and procedures. As with any proposal of this length, it is a mixed bag of good, bad ...


Look Out! Business Process Systems Are Everywhere You Look

Why don’t brokerages update their business process systems to create the exceptional real estate transactions consumers and agents are looking for? ...


Investors Still Find Real Estate Enticing

(MCT)—The stone house has small rooms, an overgrown yard and a roof that begs to be replaced. But investor Frank Oliveri and his business partner, Al Best, see the potential in its Wyckoff, N.J., address and the $125,000 in renovations they’ve got planned. ...


Fixed Mortgage Rates Ease Going into the Labor Day Weekend

Freddie Mac recently released the results of its Primary Mortgage Market Survey®, showing fixed mortgage rates pulling back and following bond yields lower after gradually moving higher over the past month. ...


Summer Ends Sweetly: July Pending Home Sales Rebound

Great news on the housing front: Pending home sales rose in July to the highest level in over two years and remain well above year-ago levels, according to the National Association of REALTORS®. ...


Good News for Housing: Home Prices Continue Positive Trend

The Case-Shiller indexes of home prices increased again when compared to the previous month or the previous year. Both the 10-city and 20-city seasonally-adjusted (SA) indexes rose 1 percent and 0.9 percent respectively from May to June 2012. This is ...


Urbanization and Single Family Homes

The total number of single family homes in the residential building stock in the United States will shrink by 4 billion square feet in nine years, a new study by a subsidiary of Navigant Research forecast last week. ...


Commercial Real Estate Recovering at a Slower Pace

Positive underlying fundamentals continue to support all of the major commercial real estate sectors, but a slowdown in job creation and ongoing tight loan availability has tempered growth in some areas, according to the National Association of REALTORS® quarterly commercial real estate forecast. ...


Sales of Existing Homes Improve as Prices Rise

(MCT)—Sales of existing homes are strengthening and prices continue to rise, stoking confidence in the housing market’s recovery. ...


Fixed Mortgage Rates Move Higher for Fourth Consecutive Week

Freddie Mac has released the results of its Primary Mortgage Market Survey® (PMMS®), showing fixed mortgage rates following long-term Treasury yields higher amid continued positive data on the housing market. This marks the fourth straight week of fixed mortgage rates ...


REALTORS® Applaud FHFA for Expanding Short Sale Eligibility to Help More Struggling Homeowners

The National Association of REALTORS® applauds the Federal Housing Finance Agency for working with Fannie Mae and Freddie Mac to issue new guidelines that expand eligibility criteria and streamline the short sale process. ...


A Bright July: Existing-Home Sales Improve, Prices Continue to Rise

Sales of existing homes rose in July even with constraints of affordable inventory, and the national median price is showing five consecutive months of year-over-year increases, according to the National Association of REALTORS®. Monthly sales rose in every region but ...


Market Momentum in Illinois

REGIONAL SPOTLIGHT—Data released recently by the Illinois Association of REALTORS® shows signs that the state's housing market is strengthening. ...


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