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Finance, Economy & Government Issues Archive


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 sales, ...


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: ...


Freddie Mac Announces Immediate Availability of Streamlined Modification for Delinquent Borrowers

Freddie Mac recently announced it is making its new Streamlined Modification program immediately available to all eligible borrowers nationwide in order to expedite financial relief for potentially thousands of distressed families. Freddie Mac's Streamlined Modification program had originally been scheduled to ...


NAR Member Survey Shows REALTOR® Business and Income Continue to Improve

The business activity and income of REALTORS® are up for the second year in a row following nine years of decline, according to the 2013 National Association of REALTORS® Member Profile. ...


April Housing Scorecard: Progress as Values Rise and Sales Remain Strong

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury recently released the April edition of the Obama Administration's Housing Scorecard – a comprehensive report on the nation’s housing market. The latest data show important progress across many key indicators—as home values continue to ...


Seventy-one Percent Still Say It’s a Good Time to Buy

Home prices are rising at double digit rates. Inventories are at historic lows. Two out of five applicants for a purchase mortgage are rejected. Yet nearly three quarters of Americans say it’s a good time to buy a home. ...


New Mortgage Rules for Balloon, Rural Lenders Would Limit Access to Credit in Rural Areas

Many residents in rural America would have reduced access to mortgage credit despite accommodations included in new Consumer Financial Protection Bureau (CFPB) mortgage rules, according to survey results released recently by the Independent Community Bankers of America® (ICBA). ICBA’s ...


Positive Equity Is Driving Down Defaults

Homeowners with positive equity in their homes have fewer problem loans and are outperforming the national average for defaults. Their default rates are close to pre-crisis norms. ...


Strong Housing Demand Supports Average Home Sale Price Growth

Realogy Holdings Corp., a global leader in residential real estate franchising and provider of real estate brokerage, relocation, and title and settlement services, recently reported financial results for the first quarter ended March 31, 2013, including the following: ...


D.C. Area Real Estate Firm Launches Home Search with ‘Search By School’ Technology

CENTURY 21 Redwood Realty has announced that it has released its third generation Redwood Home Search on c21redwood.com, expanding the reach of its “Search By School” technology throughout the D.C. area. ...


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