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Business Outlook Archive


Housing in 2030: Renter Rate Rises, Homeownership Tumbles

As the recovery makes headway, housing patterns in the future are expected to shift significantly to accommodate an exploding renter population, according to a recent report by the Urban Institute, “Headship and Homeownership: What Does the Future Hold?” Between 2010 and 2030—the year ...


Gap between Homeowner and Appraiser Home Value Opinion Continues to Widen

Detroit-based Quicken Loans recently reported the difference between appraiser and homeowner perceptions continued to increase for the fourth consecutive month in May. Appraiser opinions of home values were 1.15 percent lower than homeowner estimates, according to Quicken Loans’ national Home Price Perception Index ...


Money Doesn’t Always Talk Loudest when Selling Your Home

America has entered a new era of home selling. A survey of home sellers by Coldwell Banker Real Estate LLC found that since 2014, more than one in four sellers nationally sold their home in less than two weeks. Yet despite a preponderance of multiple bids and offers above asking price, ...


‘Zombie’ Foreclosures Drop 10 Percent

A recently released RealtyTrac report shows 127,021 owner-vacated zombie foreclosures as of the end of the second quarter, down 11 percent from previous quarter and down 10 percent from Q2 2014. The report concludes that Zombie foreclosures represented about one in five of the 527,047 U.S. properties in foreclosure. One ...


Five Reasons Why Most American Homes Will Go Solar

Solar power is finally entering the residential real estate mainstream in America after years in the wilderness. The heady growth conjures up images of solar rooftop panels sprouting up as a common sight from West Coast to East Coast and points ...


How the May Job Report Is Good for Housing

Recent news regarding employment rates has housing professionals breathing a sigh of relief. Friday's May Jobs Report reported that employers added a plush 280,000 jobs last month, which hints that there will be no slowdown in job growth anytime soon. ...


Mortgage Rates Remain High

Freddie Mac recently released the results of its  Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates remaining near their highest level of the year. ...


New Disclosure Forms May Alter Contracts

Major changes are coming to real estate transactions. Starting on August 1, any transaction involving a mortgage will use the new disclosure forms created by the Consumer Financial Protection Bureau (CFPB). NAR has compiled a lot of information on this topic at www.realtor.org/respa, ...


REALTORS® View State Supreme Court Decision a Win for Consumers and Industry: Massachusetts Ruling Affirms Long-Standing Broker-Agent Relationship

The Massachusetts Association of REALTORS® (MAR) announced Wednesday that the Massachusetts State Supreme Court (SJC) decision in Monell vs. Boston Pads LLC is a win for consumers and the entire real estate industry. The ability for real estate agents to choose to affiliate with real estate brokers as independent contractors ...


House Prices Move Up In April

U.S home prices continued their upward climb in April, with CoreLogic reporting a  2.7 percent monthly advance, moving the year-on-year gain up to 6.8 percent. This forward motion represents 38 months of consecutive year-over-year increases in home prices. While spring is typically the ...


Housing Recovery—Prices and Production

The Federal Housing Finance Agency (FHFA) and the Standard and Poor’s/Case-Shiller recently released the Home Price Index (HPI) for March. ...


Peak Out: Seven Markets Have Hit Their Peaks

Clear Capital recently released its Home Data Index™ (HDI) Market Report with data through May 2015. The report found that, outside of the usual headline-making markets, there are seven markets, considered “major” in density and culture, which are in bubble territory. These markets ...


New Survey Released on LGBT Homebuying

Over the last decade, there has been an increasing amount of attention paid to the lesbian, gay, bisexual and transgender (LGBT) community but, until now, little information has been available about this population segment’s preferences, aspirations and mindset surrounding the home-buying process ...


Custom Home Building Declines Slightly during the First Quarter of 2015

NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates that the number of custom home building starts (homes built on an owner’s land, with either the owner or a builder ...


Mortgage Applications Move Lower

Mortgage applications decreased 1.5 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending May 15, 2015. ...


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