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Business Outlook Archive


REALTORS® Report Positive Outlook in Commercial Market

REALTORS® who practice commercial real estate reported an increase in sales transaction volume and medium gross annual income last year, according to the 2014 National Association of REALTORS® Commercial Member Profile. ...


What Do You Do about Bad Customer Service when You’re the Customer?

We recently talked about the importance of exceptional customer service for real estate consumers. Now let’s talk about you. ...


Survey: 13 Percent of Consumers Ready to Buy a Luxury Home

Nationally, 13 percent of surveyed consumers are ready to buy a luxury home and another 26 percent are considering a high-end home purchase, according to the Luxury Homebuyer Survey recently conducted by realtor.com®, a leader in online real estate operated by Move, ...


Home Loans Fall Off as Sales Slow, Rates Rise

(MCT)—Fewer home sales and rising interest rates have led to the nation’s lowest level of mortgage lending in 14 years. ...


Mortgage-Interest Cap Plan Would Be Unfair to High-end Markets

Few in the real estate brokerage community think the latest proposal to cap mortgage interest deductions will actually become law in Washington. ...


First Quarter 2014: Housing Share of the Economy at 15.5 Percent

Housing is an important source of economic growth. As of the first quarter of 2014, housing’s share of gross domestic product (GDP) was 15.5 percent, with home building yielding 3 percentage points of that total. ...


‘Boomerang Buyers’ Purchase New Homes after Foreclosures

(MCT)—Less than five years after Jose and Mary Guadalupe lost their longtime family home to foreclosure, the Orange County couple were able to buy back their house. ...


Low Cash-Out Share, Shorter Terms Point to Equity Build-Up

Freddie Mac recently released the results of its first quarter 2014 quarterly refinance analysis, showing that borrowers will save on net more than $1 billion in interest payments over the coming year as they continue to shorten their payment terms and build ...


The Changing Landscape of Rentals

America’s recent recession brought about many changes to the housing market, with one major impact being an increase of single-family rental housing units. Freddie Mac reports that the single-family rental market, not to be confused with multifamily, has expanded 16 percent (about ...


In Most of U.S., Buying Beats Renting after Only Two Years

In half of U.S. metros, buying a home is a better financial decision than renting for home buyers who plan to stay in their home for at least two years, according to the first quarter Zillow® breakeven horizon analysis. ...


HUD Secretary Announces Disaster Assistance for Arkansas Storm Victims

U.S. Housing and Urban Development Secretary Shaun Donovan recently announced HUD will speed federal disaster assistance to the State of Arkansas and provide support to homeowners and low-income renters forced from their homes due to severe storms, tornadoes and flooding. ...


Home Prices Up 12.9% from Last Year: Case-Shiller

In recent housing news, the latest Standard & Poor’s/Case-Shiller Home Price Index tracked a 0.8 percent rise in February based on a seasonally adjusted basis. This is slightly better than the predictions of national economists; A Reuters poll of economists had forecast ...


After Stagnant Winter, Pending Home Sales on the Move in March

After months of stagnant activity, pending home sales rose in March, marking the first gain in the past nine months, according to the National Association of REALTORS®. ...


Severe Winter Constrains Remodeling Market

Against the backdrop of unusually severe winter weather, the Remodeling Market Index (RMI) declined to 53 in the first quarter of 2014, according to the National Association of Home Builders (NAHB). This reading is down from the historically high level of 57 ...


First Quarter: Sources of New Home Sales Financing

The share of new single-family home sales purchased using Federal Housing Administration (FHA) backed mortgages continued to fall at the start of 2014. ...


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