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Business Outlook Archive


Improving Economy Slowly Brightens Outlook for Commercial Real Estate

The strong rebound in economic growth during the second quarter and ongoing job creation are gradually improving the outlook for all of the major commercial real estate sectors, according to the National Association of REALTORS® quarterly commercial real estate forecast. ...


Case-Shiller: Home-Price Gains Slowed in June in All 20 Major Cities

(MCT)—Home prices continued to cool off in June, according to new figures out this week. ...


Speakers Announced for RISMedia’s Power Broker Forum

Attendees at this year’s NAR Annual Conference and Expo will have a special opportunity to hear several of the nation’s most successful industry leaders break down their strategies for success at RISMedia’s 19th annual Power Broker Forum, titled, “Power Broker Strategies for Enhancing the Consumer Experience.” ...


U.S. Negative Equity Falls to 17 Percent

One in six (17 percent) U.S. homeowners with mortgages – or 8.7 million – were still underwater on their mortgage in the second quarter of 2014, despite rising home values, according to the Zillow® Negative Equity Report. This is down from ...


Existing-Home Sales Continue to Climb in July

Existing-home sales increased in July to their highest annual pace of the year, and the ongoing decline in distressed sales reached an important milestone, according to the National Association of REALTORS®. ...


Bank of America to Pay $16.65 Billion in Historic DOJ Settlement for Fraud Leading up to the Financial Crisis

Financial giant Bank of America will pay $16.65 billion in a settlement following a federal probe into its mortgage practices in the years leading up to the 2008 financial crisis, the Department of Justice announced Thursday. ...


Only a Dozen Large Metro Housing Markets Feature Affordable Housing

Of the nation’s 100 largest metro areas, only a dozen are currently more affordable than they historically have been for both renters and homeowners, as widespread growth in housing costs continues to outpace wage growth. Nationally, U.S. home values rose 6.5 percent ...


July Data Shows the Healthiest End to Spring Home Buying Season in Three Years

For the first time in three years, July data shows the price appreciation and inventory increases established during peak buying season (from April to July) continue their upward trend, untouched by external economic factors, according to ...


Majority of Single Homebuyers Feel Strongly about the Importance of becoming a Homeowner: Survey

CENTURY 21 Real Estate has announced the results of its commissioned “Singles Homebuyer Survey.” Among the key findings was that for three-quarters (75%) of single homeowners aged 25-50, becoming a homeowner was at least fairly important with ...


Existing Home Sales Rise, Foreclosures Trickle Down

The U.S. Department of Housing and Urban Development (HUD) recently released the July edition of the Obama Administration's Housing Scorecard—a comprehensive report on the nation’s housing market. The latest data show progress among key indicators, including rebound in the sale of existing homes and the continuing downward trend of foreclosure ...


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®. ...


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