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Business Outlook Archive


Rising Bank Repossessions Cause Foreclosure Activity to Increase in April

RealtyTrac® recently released its April 2015 U.S. Foreclosure Market Report™, which shows foreclosure filings—default notices, scheduled auctions and bank repossessions—were reported on 125,875 U.S. properties in April of 2015, up 3 percent from the previous month and up 9 percent from a ...


Housing Starts Explode to New Heights

After a slugging winter, housing starts have jumped a whopping 20.2 percent in April, restoring themselves to what some are calling “recovery highs,” levels similar to November 2007. Housing start landed at a 1.14 ...


Brokers Welcome Greater Data Control as NAR Approves Funding for Upstream

This past Saturday during the 2015 REALTORS® Legislative Meetings & Trade Expo in Washington, D.C., the NAR Board of Directors approved a partnership between the National Association of REALTORS® (NAR) and its wholly ...


March Home Prices Continue to Rise

According to FNC’s Residential Price Index™ (RPI), U.S. home prices continued to rise at a brisk pace in March and up 0.9 percent nationwide. ...


Project ‘Upstream’ Revealed

For a few years now, industry leaders have been working together to address data problems, producing almost two years ago a solution concept called “Upstream.” Not long after that, the WAV Group was asked to consult on the technical side of the development of the project. Our non-disclosure agreement has ...


NAR Unveils New REALTOR® Safety Resources

To aid members and REALTOR associations in developing safety protocols, the National Association of REALTORS)® has expanded its REALTOR®Safety Program resources with new classes and materials. ...


New Survey Shows TRID Compliance Systems Not Ready

More than 20 percent of banks preparing to comply with the new TILA-RESPA Integration Disclosure Rule – or TRID – will not offer certain mortgage products if the vendor’s systems are not ready, according to a recent survey from the American Bankers Association. The association sent the survey data ...


Breaking News: Project Upstream Revealed

For a few years now, industry leaders have been working together to address data problems, producing almost two years ago a solution concept called “Upstream.” Not long after that, the WAV Group was asked to consult on the technical side of the development of the project. Our non-disclosure agreement has ...


The Road to Recovery: 4 Factors That Affect Home Prices

With housing on a steady path to recovery, home prices have risen approximately 20 percent in the last three years, according to the Federal Housing Finance Agency (FHFA) and Standard & Poor’s (S&P) Case-Shiller house price indices—and both consumers and industry professionals ...


Residential Loan Originations Increase 17 Percent

A new report shows that 1,551,865 loans were originated on single family homes and condos in the first quarter, down 6 percent from the previous quarter but up 17 percent from a year ago. ...


RE/MAX CEO Asks CFPB to Delay TILA-RESPA Regulations

RE/MAX Executives recently delivered a personal letter from RE/MAX CEO and Co-Founder Dave Liniger to CFPB Director Richard Cordray requesting a "good faith grace period" for the introduction of new TILA-RESPA Integrated Disclosure (TRID) regulations. ...


Realtor.com® Launches New Branding and New Spokesperson, Elizabeth Banks

Underscoring its aggressive growth pattern and reinvigorated strategy in the online real estate space, Tuesday, realtor.com® unveiled a new logo, branding, and national consumer ad campaign featuring popular film star Elizabeth Banks. The announcement was made in Washington, D.C. Tuesday afternoon by Move ...


Job Growth: April’s Employment Bounces Back

Job growth in March was worse than originally estimated but bounced back in April. The Bureau of Labor Statistics (BLS) reported that payroll employment expanded by 223 thousand in April. Job gains in February were revised upward by 2 thousand to 266 thousand and the March figure was revised downward ...


Housing Continues Gradual Recovery

Markets in 68 of the approximately 360 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity in the first quarter of 2015, according to the National Association of Home Builders/First American Leading Markets Index (LMI), released ...


Home Prices Rise 5.9 Percent Year-Over-Year

Home prices nationwide, including distressed sales, increased by 5.9 percent in March 2015 compared with March 2014 according to a recently released CoreLogic® Home Price Index (HPI®). This change represents 37 months of consecutive year-over-year increases in home prices nationally. On a month-over-month ...


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