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Finance, Economy & Government Issues Archive


CoreLogic: Prices Rose 7.9 Percent in 2012

December 2012 home prices are expected to rise by 7.9 percent on a year-over-year basis from December 2011 and fall by 0.5 percent on a month-over-month basis from November 2012 reflecting a seasonal winter slowdown, CoreLogic said recently. ...


Luxury Sellers Hang Tough on Prices

Even though the time it takes to sell a luxury property has increased to as long as 260 days in Chicago, 287 in Miami and 197 nationally, overall, fewer sellers are cutting prices. ...


Top 10 Predictions for Housing in 2013

The national housing market made a strong rebound in 2012 and that positive trend is expected to continue in the New Year, according to RE/MAX Co-Founder and Chairman Dave Liniger. His 2013 Top 10 Predictions are revealed in a video presentation released recently. ...


Silicon Valley December Inventory: How Low Can It Go?

Regional Spotlight—MLSListings, a full spectrum MLS service organization that provides industry leading MLS services and technology to real estate professionals in California, has announced that Silicon Valley single family inventory continues its drop from December 2011 levels with Santa Clara County down 57 percent and San Mateo County following closely ...


Home Prices Up 0.3 percent in November; Price Increase Expected to Continue

The latest FNC Residential Price Index™ (RPI) shows that the recovery of U.S. property values has continued through November—the ninth consecutive month of price gains driven largely by rising homes sales and moderate economic growth. ...


Housing Affordability Index to Set Annual Record for 2012

With 11 months of data reported, 2012 will clearly go down as a record year for favorable housing affordability conditions, and a great year for buyers who could get a mortgage, according to the National Association of REALTORS®. ...


Qualified Mortgage/Ability to Repay Rule: MBA and ICBA Supportive

The Consumer Financial Protection Bureau (CFPB) has formally released its qualified mortgage (QM) definition and Ability-to-Repay rule, and financial organizations across the board are responding. ...


Housing Recovery Set to Continue

Clear Capital recently released its Home Data Index™ (HDI) Market Report with data through December 2012. Using a broad array of public and proprietary data sources, the HDI Market Report publishes the most granular home data and analysis earlier than nearly ...


Fiscal Cliff Avoided: What it Means for Housing and Home Builders

The fiscal cliff, an economically damaging set of tax hikes and spending reductions scheduled to begin in 2013, has been avoided (for now) and that is good news for housing in the short-run. ...


Looking Confidently Ahead: Power Broker Predictions for 2013

Consumer confidence. Price appreciation. Multiple offers. Wait…is this real estate we’re talking about?! ...


November Existing-Home Sales and Prices Maintain Uptrend

Existing-home sales continued to improve in November with low inventory supply pressuring home prices, according to the National Association of REALTORS®. ...


NAR’s 2012 Political Advocacy Accomplishments Mean Business for REALTORS®

The National Association of REALTORS® (NAR) actively protects the interests of its more than one million members daily as it advocates for federal policy and state and local regulatory initiatives. During the 112th Congress, the REALTOR® legislative and regulatory agenda focused ...


Buyers Predict Home Prices Will Increase

Nearly three quarters of potential buyers believe home prices will increase in their neighborhood in the next twelve months, twice as many as in the first quarter. ...


Top Economists: Fla.’s Housing Market Growing Stronger

Regional Spotlight—Florida's residential real estate market will continue its upward trend into 2013, though the pace of recovery may be slower than the U.S. as a whole, according to leading U.S. economists speaking at Florida REALTORS® 2013 Real Estate and Economic Forecast Conference Dec. 12 in Orlando. ...


Freddie Mac Economist Sees New Households Outpacing Apartment Boom

In his 2013 forecast, Freddie Mac’s chief economist, Frank Nothaft, sees more than a million new households bolstering housing starts, driving apartment vacancy rates down to ten year lows and outpacing the boom in new apartment construction. ...