Home Owner News Archive
The U.S. Department of Housing and Urban Development (HUD) recently released its annual report to Congress on the financial condition of the Federal Housing Administration (FHA)
Mike Mondello isn’t just a real estate agent. He’s also a parent. And as a parent, he wants the best for his children. That might include helping them buy their first homes.
All-cash buyers have surged since the housing downturn while the typical amount of time it takes to sell a home is shrinking, revealing the changing dynamics of today’s home buyers and sellers.
Academic experts took a closer look at cash buyers and how time-on-market impacts home sales during the “Changing Dynamics of Recent Home Buyers and Sellers” session last week at the 2012 REALTORS® Conference and Expo. Funding for the research was provided by the REALTOR® University Center for Real Estate Studies.
NAR PULSE—REALTORS® who earn a professional designation or certification have an average gross income that’s $27,000 higher than REALTORS® who have none (Source: 2012 NAR Member Profile).
2013 will mark the 100th year members of the National Association of REALTORS® have subscribed to a strict Code of Ethics. Though the real estate industry itself has evolved over the past century,
The housing market recovery should continue through the coming years, assuming there are no further limitations on the availability of mortgage credit or a “fiscal cliff,” according to forecast presentations at a residential forum at the 2012 REALTORS® Conference and Expo.
Lawrence Yun, chief economist of the National Association of REALTORS®, said the housing market clearly turned around in 2012. “Existing-home sales, new-home sales and housing starts are all recording notable gains this year in contrast with suppressed activity in the previous four years, and all of the major home price measures are showing sustained increases,” he said.
The median downpayment made by all homebuyers in 2012 was 9 percent, ranging from 4 percent for first-time buyers to 13 percent for repeat buyers. The median down payment was the lowest
Clear Capital, a provider of data and real estate asset valuation, investment, and risk assessment, recently released its Home Data Index™ (HDI) Market Report with data through October 2012. The HDI Market Report uses a broad array of public and proprietary data sources providing the most timely and relevant analysis available.
Americans are feeling less discouraged about the housing market, according to a new national survey by FindLaw.com. ...
From eco-friendly coffee cups to hybrid cars, no one can deny that Americans are jumping on the green bandwagon. But while some environmentally friendly lifestyle changes remain somewhat small—reusable grocery bags, anyone?—others are large. You’ve seen it with Energy Star appliances and windows, but what about environmentally certified homes?
Here is where the passive house steps in. This home design concept is not new; it has been circulating in Europe for years. However, the U.S. is just beginning to savvy up to the green building trend that some are calling the most rigorous building standard in the world.
(MCT)—Home prices in August rose across a broad swath of large American cities, adding further evidence that a housing recovery is taking shape.
The Standard & Poor’s/Case-Shiller home price index for the 20 largest metropolitan areas in the country rose 0.9 percent from July and 2 percent from August 2011. It was the fifth consecutive month-over-month increase and the third consecutive year-over-year bump.
(MCT)—R.C. and Stacy Davis lost their condominium to foreclosure in 2009, a bad break that seemed destined to keep them from buying another home for many years.
Evidence is growing that more borrowers will be approved for a mortgage without increasing risk to lenders through more sophisticated credit risk scoring that uses alternative data, such as unsecured credit and property history in consumer credit report analysis, according to a new report by the CEB TowerGroup.
“Traditional credit data and analytics continue to be relevant, but are not sufficient to satisfy the consumer credit reformation of today,” says the CEB TowerGroup’s senior research director, Craig Focardi.
The Census Bureau reported the seasonally adjusted homeownership rate fell to 65.3 percent during the third quarter of 2012.
Regional Spotlight—U.S. Housing and Urban Development Secretary Shaun Donovan recently announced HUD will speed federal disaster assistance