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Business Outlook Archive


How the May Job Report Is Good for Housing

Recent news regarding employment rates has housing professionals breathing a sigh of relief. Friday's May Jobs Report reported that employers added a plush 280,000 jobs last month, which hints that there will be no slowdown in job growth anytime soon. ...


Mortgage Rates Remain High

Freddie Mac recently released the results of its  Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates remaining near their highest level of the year. ...


New Disclosure Forms May Alter Contracts

Major changes are coming to real estate transactions. Starting on August 1, any transaction involving a mortgage will use the new disclosure forms created by the Consumer Financial Protection Bureau (CFPB). NAR has compiled a lot of information on this topic at www.realtor.org/respa, ...


REALTORS® View State Supreme Court Decision a Win for Consumers and Industry: Massachusetts Ruling Affirms Long-Standing Broker-Agent Relationship

The Massachusetts Association of REALTORS® (MAR) announced Wednesday that the Massachusetts State Supreme Court (SJC) decision in Monell vs. Boston Pads LLC is a win for consumers and the entire real estate industry. The ability for real estate agents to choose to affiliate with real estate brokers as independent contractors ...


House Prices Move Up In April

U.S home prices continued their upward climb in April, with CoreLogic reporting a  2.7 percent monthly advance, moving the year-on-year gain up to 6.8 percent. This forward motion represents 38 months of consecutive year-over-year increases in home prices. While spring is typically the ...


Housing Recovery—Prices and Production

The Federal Housing Finance Agency (FHFA) and the Standard and Poor’s/Case-Shiller recently released the Home Price Index (HPI) for March. ...


Peak Out: Seven Markets Have Hit Their Peaks

Clear Capital recently released its Home Data Index™ (HDI) Market Report with data through May 2015. The report found that, outside of the usual headline-making markets, there are seven markets, considered “major” in density and culture, which are in bubble territory. These markets ...


New Survey Released on LGBT Homebuying

Over the last decade, there has been an increasing amount of attention paid to the lesbian, gay, bisexual and transgender (LGBT) community but, until now, little information has been available about this population segment’s preferences, aspirations and mindset surrounding the home-buying process ...


Custom Home Building Declines Slightly during the First Quarter of 2015

NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates that the number of custom home building starts (homes built on an owner’s land, with either the owner or a builder ...


Mortgage Applications Move Lower

Mortgage applications decreased 1.5 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending May 15, 2015. ...


Existing-Home Sales Lose Momentum in April

Despite properties typically selling faster than at any time since July 2013, existing-home sales slowed in April but remained above an annual sales pace of five million for the second straight month, according to the National Association of REALTORS®. All major regions except for the Midwest experienced sales declines in April. ...


Homeowners Voice a Shifting Sense of Home Value in New Study

Berkshire Hathaway HomeServices and Berkshire Hathaway New England Properties recently released results of its first quarterly Homeowner Sentiment Survey showing that people’s perception of home value in the post-crash era runs much deeper than ...


Howard Hanna Acquires N.Y.’s Nothnagle Realtors

At a joint press conference held in Rochester, N.Y. Wednesday, Howard W. “Hoddy” Hanna, III, Chairman and CEO of Hanna Holdings, Inc., and Armand D’Alfonso, President and CEO of Nothnagle Realtors, announced that Nothnagle Realtors has joined forces with Howard Hanna Real Estate Services. ...


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 ...


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