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Business Outlook Archive


Housing Continues Gradual Recovery

Markets in 68 of the approximately 360 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity in the first quarter of 2015, according to the National Association of Home Builders/First American Leading Markets Index (LMI), released ...


Home Prices Rise 5.9 Percent Year-Over-Year

Home prices nationwide, including distressed sales, increased by 5.9 percent in March 2015 compared with March 2014 according to a recently released CoreLogic® Home Price Index (HPI®). This change represents 37 months of consecutive year-over-year increases in home prices nationally. On a month-over-month ...


Mortgage Choice Act Making Progress

Editor's note: On April 14, 2015, the U.S House of Representatives passed H.R. 685, “The Mortgage Choice Act” by a vote of 287-140. ...


Housing Starts Still Recovering across Parts of the World

The continued recovery in housing starts, relative to a period considered normal, is not isolated to the United States. Figures from the European Mortgage Federation, the Canada Mortgage and Housing Corporation, and the Japanese Ministry of Land, Infrastructure, and Transport indicate that while housing starts have recovered in some countries, ...


Broker Public Portal Elects First Board of Managers

A nationwide group of leading Multiple Listing Services (MLSs) and real estate brokerage firms supporting the creation of a national property search portal have elected their first board of managers. ...


When It Comes to Housing, Hope Springs Eternal

Housing numbers are looking hopeful for the spring season, according to Clear Capital's recently released Home Data Index™ (HDI) Market Report with data through April 2015. ...


New Report Spotlights Homes Sold to Owner-Occupants

Owner-occupant buyers accounted for 63.2 percent of all residential single family home and condo sales in the first quarter of 2015, down from 65.8 percent in the previous quarter and 68.6 percent a year ago to the lowest quarterly level going back to ...


February Home Prices Continue to Rise

Home prices continued their rise across the country over the last 12 months, according to a recently released S&P/Case-Shiller Home Price Indices showing data for February 2015. Both the 10-City and 20-City Composites saw larger year-over-year increases in February compared to January. ...


Housing Recovery Set to Pick Up Pace Next Year

Solid employment gains, attractive mortgage rates, a growing economy and pent-up demand will help keep the housing market moving forward throughout 2015 and into next year, according to economists who participated in a recent National Association of Home Builders (NAHB) 2015 Spring ...


House Prices Make Minimal Rise in February

U.S. house prices rose in February, up 0.7 percent on a seasonally adjusted basis from the previous month, according to the Federal Housing Finance Agency (FHFA) monthly House Price Index (HPI). The previously reported 0.3 percent change in January remains unchanged. ...


DOJ Taking Action against Quicken Following Preemptive Suit

In a recent turn of events, the U.S. government is suing Detroit-based lender Quicken Loans after accusing the lender of taking improper action on loans insured by the Federal Housing Administration, costing the federal government millions of dollars on FHA-insured mortgages. ...


New Study Shows Homeowners Shifting Sense of Home Value

The average American's perception of home value in the post-crash era runs much deeper than standard measures of price and location, according to a recently released Homeowner Sentiment Survey done by Berkshire Hathaway HomeServices. Unlike prior emphasis on square footage and amenities, today’s ...


Legalized Marijuana: A New Meaning to ‘Going Green’ in Real Estate

As the market continues on its road to recovery, many obstacles are falling by the wayside making it easier than recent years to find the right homes for the right buyers. Mortgage rates are still low and affordable, the unemployment rate has ...


Mortgage Applications on the Move

Mortgage applications increased 2.3 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending April 17, 2015. ...


Americans Agree: Real Estate Best Long-Term Investment

Signaling growing confidence in the housing recovery, a majority of Americans once again named real estate the best long-term investment—a trend now continued for two consecutive years, according to a recently released Gallup poll. ...


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