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Business Outlook Archive


Top Trends in Real Estate for 2014

(MCT)—Gabe Cole bought and sold 15 homes last year as part of his sideline as a house flipper. ...


Like ‘Em or Not, Online Agent Ratings Drive Business

Consumers are voraciously hungry for reviews and recommendations for everything under the sun, from hotel rooms, to restaurants, to recipes, to real estate agents. But are consumer reviews in the best interests of agents? ...


30-Year Fixed Mortgage Rates Rise Slightly

The 30-year fixed mortgage rate on Zillow® Mortgage Marketplace is currently 4.39 percent, up one basis point from 4.38 percent at this time last week. The 30-year fixed mortgage rate remained relatively flat this week, hovering between 4.38 and 4.42 percent for the majority of the week. ...


Real Estate Industry Wary ahead of New Mortgage Rules

(MCT)—Real estate officials are bracing for new federal mortgage rules intended to press lenders to ensure that prospective borrowers are able to repay home loans. ...


2014: The Emerging Purchase Market

Freddie Mac’s November 2013 U.S. Economic and Housing Market Outlook showed that the major shift for 2014 will be a transition from a refinance-dominated mortgage market to the first purchase-dominated market the industry has seen since 2000. ...


Boomerang Buyers Could Boost Housing Market

(MCT)—Some housing experts are trumpeting changes that allow foreclosure sufferers to buy back into the American Dream sooner than they probably imagined, calling 2014 the year of the “boomerang buyer.” ...


Cost of Constructing a Single-family Home in 2013

NAHB recently published the latest construction cost survey, showing that the average home was built on 14,359 square feet of land, had 2,607 square feet of finished area, and sold for $399,532. ...


Why 2013 Might Be Housing’s Best Year Ever

After nearly a decade of disaster that reached levels of despair not seen since the Great Depression, 2013 was more than a turnaround year. Within its short life, it changed housing from a liability to an asset so favorable that it had ...


Fixed Mortgage Rates Start the Year Higher

Freddie Mac recently released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates continuing to edge higher as we enter the new year. ...


Pending Home Sales Edge Up in November

Pending home sales stabilized in November with a slight gain, according to the National Association of REALTORS®. Monthly increases in the South and West offset declines in the Northeast and Midwest. ...


12 Steps for Growing Your Real Estate Brokerage

Like most businesses in the real estate industry, brokerages must grow at a rate in sync with or even ahead of the communities they serve in order to prosper and profit. ...


New-Home Sales Post Solid Numbers in November

Sales of newly built, single-family homes declined 2.1 percent to a seasonally adjusted annual rate of 464,000 units in November from an upwardly revised strong pace of 474,000 units in the previous month, according to data released recently by the U.S. Department ...


New-Home Production Tops 1 Million in November

Led by a solid increase in both single-family and multifamily starts, nationwide housing production rose 22.7 percent to a seasonally adjusted annual rate of 1.09 million in November, according to figures released by the U.S. Department of Housing and Urban Development and ...


Developers Finding New Uses for Old Parking Garages

(MCT)—The parking garage could well be the ugly duckling of architecture. ...


New England Sales Up 30 Percent

Regional Spotlight—The recently released RE/MAX of New England November Monthly Housing Report shows pending home sales are up on average 30.2 percent over November 2012. Inventory in every state except New Hampshire and Vermont shows a decrease year-over-year. Overall home sales show decreases month-over-month, an expected trend for this time ...


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