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Business Outlook Archive


Pending Home Sales Rise in January to Highest Level in 18 Months

Improved buyer demand at the beginning of 2015 pushed pending home sales in January to their highest level since August 2013, according to the National Association of REALTORS®. All major regions except for the Midwest saw gains in activity in January. ...


Strong Job Growth Foreshadows Solid Full-Year Economic Growth

The economy is poised for a pickup in growth in 2015 amid a strengthening employment sector, rising income growth, and declining commodity prices, according to Fannie Mae’s (FNMA/OTC) Economic & Strategic Research (ESR) Group. ...


Housing Confidence Up, More Americans Renovating

This past week, both Home Depot, Inc., and Lowe's reported high fourth quarter gains, with profits beating their own revenue projections as well as analysts' estimates, according to a recent Bloomberg Business article. ...


Developers Report Strong Sentiment on Multifamily Market

The National Association of Home Builders' recently released Multifamily Production Index (MPI) held steady with a reading of 54 for the fourth quarter of 2014. This capped the third straight year of quarterly readings consistently at 50 or above. ...


Flip Flop: 2014 Rings in Lowest Share of Flipped Homes Since 2011

RealtyTrac® recently released its Q4 and Year-End 2014 U.S. Home Flipping Report, which shows that 136,269 U.S. single family homes were flipped in 2014, 5.4 percent of all single family home sales during the year—the lowest share of flips since 2011. ...


Trulia Will Continue to Receive ListHub’s Listing Data for Now, Hearing Set for Next Month

The battle between Move and Zillow Group over Trulia’s listings continued this week, with a California judge granting Zillow Group’s request Monday for a temporary restraining order, requiring Move-owned ListHub to continue providing listing data to Trulia until at least March 12. ...


Construction Snapshot: January’s Drop in Starts a Match for Usual Seasonality

CMD recently announced that January’s $22.5 billion of construction starts, excluding residential activity, was 10.1 percent lower than in December. The decline all but disappears, however, when allowance is made for seasonality. CMD’s long-term average December-to-January moderation, due to obstructionist winter weather, has ...


Home Prices Grew at Twice the Rate of Inflation in 2014

S&P Dow Jones Indices recently released the latest results for the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices. Data released today for December 2014 shows a slight uptick in home prices across the country. Nine cities ...


Existing-Home Sales Cool in January as Available Inventory Remains Subdued

Existing-home sales declined in January to their lowest rate in nine months, but the pace was higher than a year ago for the fourth straight month, according to the National Association of REALTORS®. All major regions experienced declines in January, with the Northeast ...


Zillow Completes Acquisition of Trulia, Creating Online Real Estate Powerhouse

Following on the heels of Zillow’s highly anticipated announcement that took place on Tuesday, February 17, 2015 that confirmed the completion of its acquisition of Trulia, Inc. for $2.5 billion in a stock-for-stock transaction—and the formation of Zillow Group (a media company that ...


Low Down Payment Drop: Share of Buyers Lands at 11-Year Low

Those using low down payment plans dropped last year, according to recently released news from RealtyTrac, who analyzed the size of down payments on nearly 20 million purchase loans for single family homes and condos nationwide from 2004 through 2014. ...


Mortgage Applications Dip 13.2 Percent

Mortgage applications decreased 13.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 13, 2015. ...


National Housing Report: Home Sales Start at a Slower Pace

Like last year, 2015 home sales are starting the year at a slower pace. January home sales were 3.9 percent lower than sales in January 2014, according to the January RE/MAX National Housing Report. Last year, sales improved dramatically during the spring ...


Mortgage Rates Move Higher on Strong Jobs Report

Average fixed mortgage rates are moving higher amid a strong employment report, according to the results of Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®). Regardless, fixed-rate mortgage rates still remain near their May 23, 2013 lows. ...


Factors for Improving Home Sales

Nearly every factor generally associated with home sales has been turning for the better. We have more jobs, a growing population, rising rents, additional inventory choices, record-high household net worth, and exceptionally low mortgage rates. On top of these trends, ...


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