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Business Outlook Archive


Foreclosure Starts at 71-Month Low, Bank Repossessions Increase

RealtyTrac® recently released its U.S. Foreclosure Market Report™ for November 2012, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 180,817 U.S. properties in November, a decrease of 3 percent from October and down 19 percent from November 2011 — marking the 26th ...


First-Time Homebuyers Face Stiff Competition from Investors

In this hot market the homes moving fastest have two types of increasingly web savvy buyers: First time homebuyers who take advantage of FHA financing and absentee buyers looking for investments. ...


Treasury to Announce Big Changes to HAFA Program

The U.S. Treasury Department will be making some changes to the HAFA Program in 2013, and as a real estate professional, these changes will affect short sales in your local market. ...


Save 10 Percent and Get Free Shipping with Xerox Direct

NAR PULSE—For a limited time, Xerox, a REALTOR Benefits® Program Partner, invites you to save 10 percent and get free shipping when you buy any color printer or color multifunction at Xerox Direct. Offer includes the versatile cartridge-free, high quality Xerox ColorQube® 8570 solid ink printer, which starts at ...


More Americans Believe Economy Headed in Right Direction

Despite continued uncertainty surrounding the fiscal cliff, Americans are showing increased confidence in the housing market and the direction of the economy. According to results from Fannie Mae’s November 2012 National Housing Survey, such improvement bodes ...


Why Buying at the End of 2012 May Be Your Best Investment Yet

With just a month left in 2012, the number of days to benefit from year-end home buying tax benefits is dwindling quickly. We consulted real estate experts from across the country to share what you need to know when preparing to close before December 31, 2012. ...


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. ...


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