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Business Outlook Archive


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 ...


June Pending Home Sales Slip, but Activity Still above Average

After three consecutive months of solid gains, pending home sales slowed modestly in June, according to the National Association of REALTORS®. ...


Is Real Estate Ready for ‘Big Data’?

What may feel like the ultimate in information overload, “big data” actually represents one of the most important new frontiers for trend-spotters and marketers across all industries. Referring to massive sets of information that are too expansive to be captured and analyzed by traditional data processing methods, big data presents ...


The Top 10 Affordable Purchase Markets for Aspiring Millennial Homebuyers

First-time homebuyers have been largely absent from the housing market in the current economic recovery, but some metropolitan areas—particularly in the Midwest and West—are well positioned to see increases in home-buying from the Millennial generation in upcoming years, according to ...


Home Sales Expected to Accelerate

After a slow start this year, home sales are predicted to play catch up for the remainder of 2014, according to the Freddie Mac U.S. Economic and Housing Market Outlook for July. The report showed mixed data results for ...


30-Year-Fixed Mortgage Rates Slide for Second Week in a Row

The 30-year fixed mortgage rate on Zillow Mortgages dropped eight percentage points from this time last week, landing at 3.97 percent. The 30-year fixed mortgage rate hovered between 3.96 and 4.08 percent for the majority of the week, before settling at the current rate on Tuesday. ...


June Existing-Home Sales Reach Recent Highs

During the month of June, existing-home sales reached an annual pace of 5 million sales for the first time since October 2013, according to data recently released by the National Association of REALTORS®. In addition to the heightened existing-home sales, rising inventory ...


Empty Nesters Making Better Financial Decisions

When marketing to a specific group of people (whether it be dictated by age or lifestyle), sales reps tend to follow stereotypes and “common knowledge” regarding their audience. It makes sense to do so. However, these rules and ideals regarding various demographics ...


Summer Starts with Home Sales Heating Up

For the 4th month in a row, June home sales rose higher than sales in the previous month, according to the June RE/MAX National Housing Report released this week. Closed Transactions in June were 4.5 percent higher than May transactions, and 1.95 ...


67 Percent of Consumers Plan Home Improvements in the Next Six Months: Survey

Nationally, 67 percent of consumers plan home renovations within the next six months, according to the latest realtor.com® Home Improvement Survey. ...


The Economic Impact of the Affordable Housing Credit

In addition to ensuring the supply of affordable rental housing, the Low-Income Housing Tax Credit (LIHTC) supports jobs and provides benefits to the economy, reports the National Association of Home Builders (NAHB). Using the NAHB economic impact model of home building, revised ...


Who Moved My Real Estate Market? Trends in the New-homes Arena Offer Great Opportunities

After years of record-low housing production, builders across the nation are gearing up and bringing homebuilding back to life. Building on an inventory of lots purchased during the recession, new-home construction is helping to offset low housing inventory, increasing buyer interest in ...


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