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Business Outlook Archive


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. ...


Back to School: College Towns Primed for 2012 Investors

As parents across the country prepare to send their college-bound students to school this fall, many quickly find housing can be a huge financial undertaking. Some are now considering buying homes for their students to live in with classmates, while ...


Rand on Real Estate: Why You Should Invest in Houston, Texas and Fairfax, Va.

Rand on Real Estate comes to national television. The Fox Business Network is running a new segment called "Where to Invest Now," featuring Greg Rand (@gsrand), CEO of OwnAmerica, as housing market analyst making his picks of the best real estate markets in America for investors. ...


Some Boomers to Their Mortgage: ‘Til Death Do Us Part’

(MCT)-- More baby boomers are retiring while still paying mortgages — and some expect to make house payments into their 90s, mortgage brokers and financial planners say. ...


Operating Online – Where do We Go From Here?

In today’s real estate environment, it’s no longer enough to simply “keep up” with technology. The rapid-fire pace of technology innovation is now matched by ever-growing developments in the social media and mobile world. A broker’s tech plan must be ...


Agencies Issue Proposed Rule on Appraisals for Higher-Risk Mortgages

Six federal financial regulatory agencies recently issued a proposed rule to establish new appraisal requirements for “higher-risk mortgage loans.” The proposed rule would implement amendments to the Truth in Lending Act enacted by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Under the Dodd-Frank Act, mortgage loans ...


Economists Hop on Recovery Bandwagon

Bank of America’s announcement recently that it has significantly improved its home price forecast for the current year made headlines; in fact, the bank joins a growing list of housing economists who have seen the light and hopped on the ...


In July, Housing Starts Edge Down While Permits Rise

Nationwide housing production edged down 1.1 percent to a seasonally adjusted annual rate of 746,000 units in July, according to newly released figures from HUD and the U.S. Census Bureau. However, builders pulled more permits for planned new-home projects than they have in any month since August of 2008. ...


California is Leading the Recovery

The state that gave America Alt-A loans, the first tidal wave of foreclosures, the highest prices during the boom and the fastest fall during the bust is now leading the nation out of the six-year housing depression. ...


‘Normal’ Home Sales Soar Despite Obstacles

While sales of distressed properties - foreclosures and short sales - have shrunk since the first of the year, a surge in sales of “normal” non-distressed properties has pushed total home sales through June 4.5 percent higher than last year even though buyers face tight credit and low inventories. ...


HARP Refinances Continue Surge in First Half of 2012

The Federal Housing Finance Agency (FHFA) recently released its June Refinance Report, which shows that one of every three refinances through Fannie Mae and Freddie Mac were made through the Home Affordable Refinance Program (HARP), the highest number since the ...


Fixed Mortgage Rates Move Higher for Second Consecutive Week

Freddie Mac (OTC: FMCC) recently released the results of its Primary Mortgage Market Survey® (PMMS®), showing fixed mortgage rates moving higher following stronger-than-expected employment reports. The 30-year fixed averaged 3.59 percent, and the 15-year fixed averaged 2.84 percent, still near the historic low. ...


Three Secrets Third-Party Aggregators Don’t Want Brokers to Know

There’s a battle raging between brokerages and third-party aggregators that compile real estate listings online and collect sales leads in order to sell them to agents and brokers. Several large brokerages are so unhappy with aggregators that they’ve turned off ...


Credit Union Merger Provides Greater Services for REALTORS®

On August 1, REALTORS® Federal Credit Union merged with Northwest Federal Credit Union to better serve its members. ...


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