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Business Outlook Archive


Affordability Approaches Pre-2004 Norm as Prices Firm

Housing affordability dipped slightly in the second quarter of 2014 as several markets saw a firming of home prices, according to the NAHB/Wells Fargo Housing Opportunity Index (HOI).  Nationwide, the second quarter HOI was 62.6—i.e., 62.6 percent of new and existing ...


Big Mistakes, Bigger Benefits: Brokers Share what Not to Do

While we often hear about the greatest successes of top brokers, we rarely hear about their worst decisions…and the invaluable business lessons they learned as a result. ...


Millennials Could Hold the Key to Housing Recovery

(MCT)—Dustin Walsh could’ve bought a house in his 20s, except he saw no point. The 31-year-old had the income, but preferred the financial freedom of renting a room in his cousin’s basement. “With my generation, nobody thinks about their debt and nobody ...


Price Increases Cool Down in the Summertime

Home prices nationwide, including distressed sales, increased 7.5 percent in June 2014 compared to June 2013 and rose 1 percent over May, setting new highs for 12 states. Despite low rates, investor purchases and tight supplies, prices are expected to slow down to a .07 percent monthly increase in July. ...


Home-Price Gains Decelerate in Many Metro Areas during Second Quarter

Home-price growth continued to moderate in many metropolitan areas in the second quarter and national year-over-year price appreciation is now at its slowest pace since 2012, according to the latest quarterly report by the National Association of REALTORS®. ...


Delinquency and Foreclosure Rates Decrease in Second Quarter

The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 6.04 percent of all loans outstanding at the end of the second quarter of 2014. The delinquency rate decreased for the fifth consecutive quarter and reached the lowest level since the fourth quarter ...


Builder Confidence Shows Positive Signs in the Second Quarter

Builder confidence in the single-family 55+ housing market for the second quarter is up year over year, according to the recently released National Association of Home Builders’ (NAHB) 55+ Housing Market Index (HMI). Compared to the second quarter of 2013, the single-family ...


Housing Recovery Continues at Slow Pace According to Latest Leading Markets Index

Markets in 56 of the approximately 350 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity, according to the National Association of Home Builders/First American Leading Markets Index ...


NAR Broker Summit: What’s the Future of Real Estate?

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Gino Blefari, Incoming CEO for HSF Affiliates, to Deliver Opening Keynote Presentation at RISMedia’s CEO Exchange

From budget and overhead; recruiting, motivating and retaining agents; expansion and downsizing; technology; and other essential factors, the challenges of profitably operating a brokerage firm in today’s recovering market are many. ...


Local Economies Continue to Advance

The NAHB/First American Leading Markets Index advanced one point in the second quarter 2014 to .89 from a June level of .88. The index measures the US and 351 metropolitan markets’ proximity to normal economic and housing market activity. A value of one or more means the market is back ...


Big Data: The New Competitive Advantage in Real Estate

Editor’s Note: This is the first article in a series on Big Data analysis as relevant to the real estate industry. ‘Big Data’ analytics is the practice of using machine learning to process and draw conclusions from high-volume, high-variety, unstructured information. But ...


10 Cheapest States for Mortgage Rates

Last year, most financial experts — really, anyone who kept up with Fed moves — were certain that interest rates would finally begin to rise in 2014. Now, eight months into the year, mortgage rates are still at record lows and — surprisingly — consumers aren’t even taking advantage of ...


Residential Construction Spending Up 7.4 Percent Year-Over-Year

Despite two consecutive monthly declines, the value of construction spending remains higher than levels recorded a year ago. ...


Consumer Confidence Soars in July

The economic forecast is looking sprightly according to Americans, as consumer confidence in July hit its highest level since October 2007. On Tuesday, the Conference Board announced that the U.S. consumer confidence index jumped to 90.9 in July, up from a revised ...


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