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Finance, Economy & Government Issues Archive


2013 Mid-Year Outlook: Economic Growth on the Road to ‘Normal’

The U.S. may be well into a prolonged period of steady economic growth, but it hasn’t yet reached its full potential, according to Fannie Mae’s (FNMA/OTC) Economic & Strategic Research Group. Fiscal headwinds are expected to keep growth to below 2.0 percent for the first half of the year, with ...


Property Values Take Flight: Home Prices Soar by over 20 Percent

Some of the housing news being kicked around recently is astounding: Home prices soaring by 20 percent or more over the past 12 months? Multiple offers? Bidding wars? All of the great news has some wondering, is another housing bubble brewing? ...


Realtor.com May Real Estate Health Report Shows Regional Markets Leading Recovery as Supply Begins to Respond to Demand

Realtor.com, a leader in online real estate operated by Move, Inc., released its Real Estate Health Report for the month of May 2013 this week. National housing indicators are being led by strong regional markets experiencing key growth, as seller supply begins to respond to consumer demand mirroring on a ...


Want to Motivate Sellers? 850,000 Properties Bounce Back to Positive Equity

Residential property analytic provider CoreLogic® recently released new analysis showing the market is making big moves, with 850,000 additional residential properties turning to positive equity during the first quarter of 2013. ...


Zombie Nation: Which Real Estate Markets Are Rising from the Dead?

The market is rebounding and the economy is strengthening; that's how it would appear from the number of improving housing markets in June, which rose by five to a total of 263, according to the National Association of Home Builders/First American ...


More Than 750 Builders Discuss Housing Issues in Hill Visits

More than 750 builders from across the nation converged on Capitol Hill last week for the annual National Association of Home Builders (NAHB) Legislative Conference to urge their lawmakers to support policies that will keep the housing recovery moving forward and increase housing opportunities for all Americans. ...


4 Tips to Grow Your Net Worth

A report released earlier this year from the Chicago-based Spectrem Group estimated there were 8.99 million households in the United States with a net worth of at least $1 million at the end of 2012. ...


Fannie Mae Takes Additional Steps to Streamline Short Sale Process

Fannie Mae recently introduced a new tool to help real estate professionals successfully close short sales. Listing agents are now asked to register accepted short sale offers with Fannie Mae to provide greater transparency into the process and allow Fannie Mae to proactively work with the mortgage servicer to finalize ...


Rebound Alert: 96 of the Top 100 U.S. Home Markets Advance

Homes.com, a leading online real estate destination and complete lifestyle resource, recently released the Homes.com Local Market Index, a new summary of price performance on repeat sales properties in the U.S. Utilizing home pricing data for the period ending March 2013, the index showed 96 out of 100 markets for ...


Consumer Sentiment Highest Since 2007

(MCT)—A gauge on consumer sentiment this month reached the highest level since 2007, thanks to cheerier expectations and a rosier outlook on current economic conditions, according to data released Friday. ...


HUD and VA Team up: Provide Homes to 9,000 Homeless Vets

Approximately 9,000 homeless veterans living on the streets and in the nation’s shelter system will soon find a permanent place to call home. U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan and U.S. Department of Veterans Affairs (VA) Secretary Eric K. Shinseki announced recently that HUD will provide $60 ...


Home Sales Soar, Consumer Confidence Returns—Multiple Offers and Demand for Advice Powers REALTORS’® Value

The more than 100 major real estate brokers who attended RISMedia’s Mid-Year Power Broker Forum earlier this month virtually all reported first quarter gains in transactions and dollar volume from 2012. Consumer confidence combined with near historic low mortgage interest rates ...


Immigration Reform Could Generate $500 Billion in New Real Estate Transactions

If current legislation that creates a path to legalization for 11 million undocumented immigrants is passed, the nation’s Hispanic real estate leaders estimate that it would create a new pool of 3 million homeowners and pump more than $500 billion in ...


Leading Real Estate Companies of the World® Announces 2012 Market Statistics

Chicago-based Leading Real Estate Companies of the World® announced its 2012 sales statistics recently, showing that collectively, network affiliates produced $272 billion in sales in 2012 with over one million transaction sides. This is $65-70 billion more in dollar volume and approximately 20 percent more sides than its closest network ...


HUD and Census Bureau Announce New Construction Activity in April

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau today announced the following new residential construction statistics for April 2013: ...


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