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Business Outlook Archive


Bankrate: Mortgage Rates Hit New Record Lows

Mortgage rates hit new record lows last week with the benchmark 30-year fixed mortgage rate dropping to 3.50 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.40 discount and origination points. ...


NAHB Announces Best of 50+ Housing Awards Finalists

The National Association of Home Builders (NAHB) has announced the finalists for NAHB’s 2013 Best of 50+ Housing Awards, the premier design and marketing competition for the 50+ housing industry. A total of 83 entries were chosen as finalists and ...


The Foreclosure Iceberg Is Slowly Melting

CoreLogic reported Monday that October prices that exclude distress sales rose only 5.8 percent while prices that include distressed sales increased on a year-over-year basis by 6.3 percent in October 2012, the biggest increase since June 2006 and the eighth ...


As Short-Sale Tax Break Nears End, Pressure Mounts on Homeowners

(MCT)—The race is on to finalize short sales and seal the deal on mortgage reductions as the Dec. 31 expiration of a massive tax break for struggling homeowners looms. ...


Number of Improving Housing Markets Surges to 201 in December

The number of housing markets considered “improving” according to parameters established by the National Association of Home Builders/First American Improving Markets Index (IMI) surged by 76 to a total of 201 metros in December, according to recently release IMI data. ...


CoreLogic: Prices on Track for 7.1 Percent Increase

October prices nationwide, including distressed sales, increased on a year-over-year basis by 6.3 percent in October 2012, the biggest increase since June 2006 and the eighth consecutive increase in home prices nationally on a year-over-year basis, according to the latest data from CoreLogic. ...


The Good and the Bad of the Latest Existing Home Sales Numbers

The National Association of REALTORS® (NAR) released their latest statistics for existing home sales last week, and the numbers show both some positives and negatives regarding America's housing industry. Home sales are up and so are selling prices, but foreclosures and short sales still make up a large portion of ...


Foreclosure Sales Increase 21 Percent in Third Quarter

RealtyTrac® recently released its Q3 2012 U.S. Foreclosure & Short Sales Report™, which shows a total of 193,059 U.S. properties in some stage of foreclosure or bank-owned (REO) were sold during the third quarter, an increase of 21 percent from the previous quarter, but still down 3 percent from the ...


More Market Turnaround Evidence: Foreclosures Down in October

(MCT)—The number of homes in foreclosure dropped in October from the previous month and was down 9 percent for the year as the housing market showed signs of improvement. ...


Mortgage-Interest Deduction Could Fall Prey to Revenue Needs

(MCT)—As Congress looks for new sources of revenue to deal with the looming “fiscal cliff,” a popular ingredient of the American dream could be on the chopping block. ...


Be Thankful, but Don’t Slow Down

What a bumpy ride we’ve had over the past five years. But we seem to be building some upward momentum. Markets change over time, and it’s good to see more than a year’s worth of progress in many key areas ...


Making Money Is Not Difficult…It’s Different

A couple of weeks ago, I was speaking to an audience and as I was coming to a close, I made the statement, “Making money is not difficult… it’s different.” I could tell that this sentence was for some in ...


NAR Introduces REach™, a Technology-Accelerator Program

NAR PULSE—REach™ is an accelerator program developed by NAR’s strategic investment arm, Second Century Ventures to identify those technologies, resources and companies that will most benefit the industry and introduce those companies to the NAR Membership. Want to get involved? Become a beta tester, recommend a company and ...


Next Generation Buyers: Savvy, Sophisticated and Ready to Buy

If you want to know who will push the economy forward in coming years, look no further than Generations X and Y. The Generation X and Y age group, ranging from 18-48 is 103 million strong making them a group ...


CENTURY 21 to Continue Innovative Ad Campaign during Super Bowl 2013

As we recover from our Thanksgiving holiday, many of us are already looking forward to another iconic American celebration. No, not Christmas: the Super Bowl. ...


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