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Business Outlook Archive


Department of Defense Issues Final Military Lending Act Rule

After nearly three years of study, the Department of Defense issued the final Military Lending Act (MLA) rule. ...


Mortgage Rates Move Lower

Freddie Mac recently released the results of its Primary Mortgage Market Survey® (PMMS®), showing fixed mortgage rates reversing course once again and moving lower amid mixed economic and housing data. ...


California Pending Home Sales Continue Annual Increase for Seventh Straight Month

California pending home sales continued to gain steam in June, registering seven months of continued annual increases and the fifth consecutive month of double-digit increases, according to the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.). ...


Existing-Home Sales Rise in June as Home Prices Surpass July 2006 Peak

Existing-home sales increased in June to their highest pace in over eight years, while the cumulative effect of rising demand and limited supply helped push the national median sales price to an all-time high, according to the National Association of REALTORS®. All major regions ...


Over 50 Percent of All Digital Time Now Spent on Mobile

In 2011, just 35 percent of American adults owned a smartphone. Today, nearly 64 percent of American adults own one. Smartphones are so prevalent, they even have their own physical condition attributed to them: text neck. But in all ...


A Look at the Rising Cost of Land in the U.S. in the Past 40 Years

Have you ever wondered how much it would cost to buy an average piece of land in your state 40 years ago? Have a look at this new animated map from howmuch.net to find out. ...


Are You Prepared for Oct. 3?

As you know, on October 3, 2015, the Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosure Rule (the “TRID Rule”) goes into effect and will introduce a new era of real estate closings for most residential mortgages. ...


Bidding Wars Still Dominate Low-Inventory Markets

While the pace of home-buying activities picks up around the nation, certain areas are seeing more excitement than others. ...


National Report: June Home Sales and Prices Best Yet in 2015

The number of June home sales was the highest of any month since the RE/MAX National Housing Report began in 2008. This year’s home sales have now experienced a five-month trend in which sales have been higher than both the previous month and the same month in the previous year. ...


Blight Knows No Bounds in New Economy

For all the talk of recovery, blighted communities appear immune to progress. This phenomenon, once thought common to urban settings, is in fact universal, according to a recent Keep America Beautiful (KAB) report that expounded upon an issue that can be felt even ...


Fed Chief Janet Yellen Sees First Rate Hike Later this Year

(TNS)--Unfazed by recent global turmoil, Federal Reserve Chair Janet L. Yellen is offering a fairly optimistic outlook for the U.S. economy and reaffirming that the central bank is likely to begin raising interest rates later ...


Broker Public Portal Retains Larson Skinner PLLC

The Broker Public Portal (BPP) today announced that it has retained the Minneapolis law firm of Larson Skinner PLLC to assist in developing a broker-friendly and MLS-friendly content license agreement for BPP’s projects. BPP continues its progress to bring a national MLS consumer-facing website to market.  As with any other ...


HUD Issues Guidance Based on Equal Access to Housing Rule

As part of the recent White House Conference on Aging, the U.S. Department of Housing and Urban Development (HUD) issued guidance to better serve and help avoid discrimination to LGBT Americans seeking HUD-assisted or HUD-insured housing. The guidance will help clarify the ...


Infographic: Millennials Willing to Sacrifice Starbucks, Cable TV to Finance Home Purchase

A majority of millennials (ages 24-34) are willing to sacrifice modern day conveniences like cell phones, internet, cable and Starbucks in order to save for a down payment on a home. A new survey from The Collingwood Group shows 65 percent of millennials ...


Lifestyle Choices—Not Student Debt—Keeping Homeownership at Bay for Millennials

The homeownership rate is falling — from a high of 69 percent in the mid-2000s to less than 64 percent today — and lack of millennial demand is a major factor. Some even see a lower homeownership ...


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