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Business Outlook Archive


Normal Market Activity Inches Forward

While the pace may be slow, new industry findings show that the real estate market is indeed moving forward. The Advanced March NAHB/First American Leading Markets (LMI) Index remained unchanged in March at .87 from February but the number of markets considered ...


Fed Reports Winter Cools Inventories

In its latest report on the economy, Federal Reserve economists report that winter weather has contributed to a slowing of real estate markets and inventories are low in most districts. ...


Housing Recovery Expected to Press

Americans’ outlook on housing and the economy has fluctuated somewhat during the past few months, but the trend for most indicators remains positive overall, according to Fannie Mae’s February 2014 National Housing Survey results. ...


Eye on the Economy: New Home Sales Bounce Back in January

The housing market and the broader economy shivered at the end of 2013 as weather-related factors held consumers back and generated production delays. These impacts should prove temporary and our forecast remains positive for housing and home building for the year to ...


Fixed Mortgage Rates Reverse Course

In recent housing news, Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates moving down following weaker than expected economic and housing news. ...


HUD Releases Proposed 2015 Budget

U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan recently unveiled HUD’s fiscal year 2015 budget proposal. This year The President’s Budget provides a roadmap for accelerating economic growth, expanding opportunity for all Americans, and ensuring fiscal responsibility. The Budget adheres to the 2015 spending levels agreed to in the ...


March Housing Madness: Leading Markets Index Shows 59 Metros at or above Normal

Markets in 59 out of the approximately 350 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity, according to the National Association of Home Builders/First American Leading Markets Index (LMI), released recently. ...


Errol Samuelson to Join Zillow as Chief Industry Development Officer

20-year veteran in technology and real estate sectors to lead company's industry relations ...


Average Size of New Single-Family Homes Down at the End of 2013

The size of a typical new single-family home declined slightly for the final quarter of 2013, although the trend for the year was one of increasing size. The trend is likely due to an atypical mix of buyers. ...


NAR Surveys Mortgage Companies on QM

On January 10, 2014, the requirements of the Ability to Repay Qualified Mortgage (ATR/QM) rule went into effect. All applications received on or after that date were required to comply with the rule that includes, among other things, full documentation of income, ...


7 Crucial Facts about FHA Loans

(MCT)—In the wake of the housing bubble’s collapse, FHA loans have taken on renewed importance for today’s mortgage borrowers. ...


Buyers Ready to Make a Move This Spring

The National Association of REALTORS®’ Consumer Advertising Campaign TV commercial, “Make Your Move,” debuted recently in more than 20,000 national spots, and is expected to generate 3.9 billion impressions in 2014. This year’s campaign theme is market momentum, and the latest ad ...


February 2014 Prices Show Largest Drop in Quarterly Growth Since 2010

Recent reports show that home prices have already begun to drop this year. Clear Capital recently released its Home Data Index™ (HDI) Market Report with data through February 2014. ...


Luxury Sales Warm up a Frigid Winter

Polar vortexes are freezing home sales in much of the nation this winter but the luxury segment is finding the temperature to be just perfect as both sales and price increases warm up million-dollar-plus markets from coast to coast. ...


U.S. Negative Equity Rate Takes a Dive

The national negative equity rate ended 2013 below 20 percent for the first time in years, dipping to 19.4 percent of all homeowners with a mortgage, according to the fourth quarter Zillow® Negative Equity Report. Nationally, more than 9.8 million homeowners remain underwater, owing more on their mortgage than their ...