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Business Outlook Archive


Existing Sales Trend Up for First-Time Buyers

Although existing home sales decreased in November, the share of sales for first-time buyers increased to the highest level since October 2012. Existing home sales decreased 6.1 percent in November, but were 2.1 percent above the same period a year ago. The ...


Ask the Expert: Will Homebuyers Be Ready to Act in 2015?

Today's “Ask the Expert” Column features Kathy Cummings, Homebuying Coach with Bank of America Home Loans. ...


Existing-Home Sales Lose Momentum in November as Inventory Slightly Tightens

After hitting their highest level of the year, existing-home sales slid in November as housing supply showed some tightening, according to the National Association of REALTORS®. All major regions experienced a decline in sales compared to a month earlier. ...


RISMedia Exclusive: Outgoing Move CEO Talks about Transition, Future of Move, What’s Next for Him

Following the announcement of News Corp’s acquisition of Move, Inc, operator of realtor.com®, this past October, more news was announced last week by News Corp with Ryan O’Hara, a News Corp veteran, taking over as CEO in January. ...


Fannie Mae and Freddie Mac Swim Against the Tide with 3 Percent-Down Loans

Recently, Fannie Mae and Freddie Mac announced plans to begin backing home loans with down payments as low as three percent. This move came just days after the mortgage giants implemented less rigid lending standards in order to give Main Street citizens with ...


Zillow Shareholders and Trulia Stockholders Approve Planned Acquisition

Zillow, Inc. (Nasdaq:Z) and Trulia, Inc. (NYSE:TRLA) announced Thursday that Zillow shareholders and Trulia stockholders voted resoundingly to approve the previously announced definitive agreement, dated as of July 28, 2014, pursuant to which Zillow will acquire Trulia. ...


News Corp Announces New Leadership at Move, Inc.

News Corp announced Wednesday that Ryan O’Hara will become Chief Executive Officer of Move, effective January 5, 2015. ...


In Most Major Markets, Negative Equity Has Fallen by Half Since Peak of Crisis

The number of U.S. homeowners upside down on their mortgages has fallen by more than 40 percent since early 2012, according to the third quarter Zillow® Negative Equity Report. ...


Eye on the Economy: Labor Market Gains Are a Positive Sign for Housing

An improving labor market will help support growth in home building in 2015. And the November report offered the most positive jobs data in some time. According to the Bureau of Labor Statistics, 321,000 jobs (seasonally adjusted) were added to the economy in November, and the numbers for September and ...


Save 25% on the Revised Accredited Buyer’s Representative (ABR®) Core Course

NAR PULSE—The Accredited Buyer’s Representative Course (ABR®) has been completely revised and overhauled with expanded real-world scenarios designed to help REALTORS® confidently represent buyers through all real estate transactions. Become a trusted consultant for buyers by signing up for this completely online ...


Research Shows Many U.S. Renters Still Dream of Homeownership

The majority of U.S. renters are struggling financially and plan to remain renters for the next three years, according to recent Freddie Mac survey data. However, the recent financial crisis did not tarnish renters' dreams of homeownership with 91 percent of them viewing homeownership as something of which to be ...


What Homes Do Millennials Buy?

Recent NAHB research shows that millennials tend to buy homes that are smaller, older, and less expensive than homes bought by older generations. Being the youngest home buyers with little or no accumulated wealth also affects how millennials shop and buy their homes. ...


Final QRM: Good for Consumers and Private Capital

After nearly three years of deliberation, regulators have finalized the Qualified Residential Mortgage (QRM) rule and abandoned the onerous and costly down payment requirement while giving creators of mortgage-backed securities one less uncertainty on their road to recovery. The immediate impact ...


Realtor.com® 2015 Housing Forecast: Stage Set for the Return of First-Time Home Buyers

Following years of retrenchment among prospective first-time homebuyers and the dampening effect it has had on the recovery of the housing market, first-timers will return to the market next year, according to the realtor.com® 2015 Housing Forecast released Dec. 4. ...


30-Year Fixed Mortgage Rate at Lowest Level in 19 Months

The 30-year fixed mortgage rate on Zillow(R) Mortgages is currently 3.76 percent, down one basis point from this time last week. The 30-year fixed mortgage hovered around 3.75 percent last week before settling at the current rate. ...


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