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Business Outlook Archive


Pending Home Sales Surge in May

Pending home sales rose sharply in May, with lower mortgage rates and increased inventory accelerating the market, according to the National Association of REALTORS®. All four regions of the country saw increases in pending sales, with the Northeast and West experiencing the ...


Contract Rate on New Home Loans Dips Under 4 Percent

On average, mortgage interest rates declined in May, according to data released recently by the Federal Housing Finance Agency (FHFA). On conventional mortgages used to purchase newly-built homes, the average contract interest rate dropped by more than 30 basis points, from 4.19 ...


Existing-Home Sales Heat Up in May, Inventory Levels Continue to Improve

Existing-home sales rose strongly in May and inventory gains continued to help moderate price growth, according to the National Association of Realtors®. All four regions of the country experienced sales gains compared to a month earlier. ...


New-Home Sales Skyrocket in May

Sales of newly built, single-family homes rose 18.6 percent to a seasonally adjusted annual rate of 504,000 units in May, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. This is the ...


Even as Inventory Surges in May, First-Time Homebuyers Remain Challenged

After plunging throughout 2012 and for much of 2013, and rising only modestly through the beginning of this year, the inventory of all for-sale homes nationwide spiked in May, jumping 11.8 percent year-over-year according to the May Zillow® Real Estate Market Reports. ...


Senator Johnny Isakson and David Eisenhower Confirmed to Speak at Broker Summit

NAR PULE—David Eisenhower has been added to the roster of speakers at the REALTOR® Broker Summit in Atlanta, GA. He is the grandson of General and President Dwight D. Eisenhower. Attendees will gain insight into the leadership qualities General Eisenhower needed ...


Northeast Dominates Monthly Price Increases

Homes.com recently released its April Local Market Index, a price performance summary of repeat sales in the top 100 markets, and the companion Midsize Markets Report for defined areas ranked from 101­300. Utilizing home pricing data, the Index shows year-­over-­year gains for ...


Are We Communicating?

According to a recent survey done by California homebuyers, one of the biggest challenges facing real estate professionals and their clients is communication. We all know past clients are a great source of repeat and referral business so why is it that many ...


Share of All-Cash Home Purchases Falls in Most Areas

The portion of home purchases made with all cash fell in the first quarter compared to a year ago in a majority of metro areas nationwide, as investor-driven activity fades and more traditional buyers re-enter the market, according to a Zillow analysis. ...


Housing Production Falls 6.5 Percent in May, Single-Family Permits Up

Declines in both single- and multifamily starts pushed nationwide housing production down 6.5 percent in May to a seasonally adjusted annual rate of just over 1 million units, according to newly released figures from the U.S. Department of Housing and Urban Development ...


New Home Purchase Applications Dip by 8 Percent in May

Mortgage applications in May 2014 decreased by 8 percent from April, according to recent information released by the Mortgage Bankers Association (MBA) Builder Application Survey. This change does not include any adjustment for typical seasonal patterns. ...


Cash is King: First-Timers Give Way to Bidders Coming Out of Foreclosure

The all-cash buying real estate trend has not let up at all in early 2014. In fact, most states have seen an increase in cash purchases—a stunning trend when you consider how popular cash buyers were last year and the fact that ...


Builders Target REALTORS® to Locate Buyers in Recovering Markets

For the past several years, builders have actively sought help from REALTORS® to find qualified buyers. The National Association of REALTORS® estimates that two-thirds of new homes sold in 2013 were purchased by buyers brought to builders by REALTORS®. ...


Competition among Lenders Good for Potential Buyers

The future of expanded credit availability has strong ties to a healthy housing recovery—and that future lies in the hands of private lenders. ...


Home Rental Interest Rises, Apartment Rentals Still Reign: Survey

The amount of renters in theU.S. has expanded significantly nationwide since the burst of the housing bubble. As the market continues to swell and demand for both home and apartment rental properties increases,Homes.com® and sister site, ForRent.com®, conducted a survey to gauge the mindset of today’s renter. The ...


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