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Business Outlook Archive


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. ...


May Housing Starts Highlight Strong Demand

Recently reported May housing starts showed an 11.1 percent drop in new home construction nationally, falling to a seasonally-adjusted annual rate of 1.036 million units. The drop from elevated April results was broad, with a 5.4 ...


REALTORS® Report Heightened Commercial Success

Commercial real estate markets are improving with REALTORS® specializing in commercial real estate reporting an increase in annual gross income, the number of sales transactions and sales volume, according to the 2015 National Association of ...


Builders’ Sentiment Improves

The NAHB/Wells Fargo Housing Market Index for June increased to 59, a five point rise from May and tied for the highest since September 2014. The increase in builder confidence aligns with other recent positive housing news. April starts and permits were up significantly from a depressed March. Single-family starts rose ...


Household Economic Well-Being: U.S. Households Increasingly Optimistic

According to a Federal Reserve analysis, U.S. households surveyed during October 2014 reported only modest improvements with respect to economic well-being but felt increasingly optimistic about the future. ...


Millennials are Rays of Sunshine amid Clouds of Pessimism

Remarkably negative findings from the 2015 How Housing Matters survey released this week by the MacArthur Foundation were punctuated by two critically important findings.  Attitudes on the value of housing as an excellent long term investment have flip-flopped and Millennials put a higher priority on the dream of homeownership than ...


Housing in 2030: Renter Rate Rises, Homeownership Tumbles

As the recovery makes headway, housing patterns in the future are expected to shift significantly to accommodate an exploding renter population, according to a recent report by the Urban Institute, “Headship and Homeownership: What Does the Future Hold?” Between 2010 and 2030—the year ...


Gap between Homeowner and Appraiser Home Value Opinion Continues to Widen

Detroit-based Quicken Loans recently reported the difference between appraiser and homeowner perceptions continued to increase for the fourth consecutive month in May. Appraiser opinions of home values were 1.15 percent lower than homeowner estimates, according to Quicken Loans’ national Home Price Perception Index ...


Money Doesn’t Always Talk Loudest when Selling Your Home

America has entered a new era of home selling. A survey of home sellers by Coldwell Banker Real Estate LLC found that since 2014, more than one in four sellers nationally sold their home in less than two weeks. Yet despite a preponderance of multiple bids and offers above asking price, ...


‘Zombie’ Foreclosures Drop 10 Percent

A recently released RealtyTrac report shows 127,021 owner-vacated zombie foreclosures as of the end of the second quarter, down 11 percent from previous quarter and down 10 percent from Q2 2014. The report concludes that Zombie foreclosures represented about one in five of the 527,047 U.S. properties in foreclosure. One ...


Five Reasons Why Most American Homes Will Go Solar

Solar power is finally entering the residential real estate mainstream in America after years in the wilderness. The heady growth conjures up images of solar rooftop panels sprouting up as a common sight from West Coast to East Coast and points ...


How the May Job Report Is Good for Housing

Recent news regarding employment rates has housing professionals breathing a sigh of relief. Friday's May Jobs Report reported that employers added a plush 280,000 jobs last month, which hints that there will be no slowdown in job growth anytime soon. ...


Mortgage Rates Remain High

Freddie Mac recently released the results of its  Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates remaining near their highest level of the year. ...


New Disclosure Forms May Alter Contracts

Major changes are coming to real estate transactions. Starting on August 1, any transaction involving a mortgage will use the new disclosure forms created by the Consumer Financial Protection Bureau (CFPB). NAR has compiled a lot of information on this topic at www.realtor.org/respa, ...


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