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Real Estate News Archive
Nationwide production of new single-family homes rose 4.4 percent to a seasonally adjusted annual rate of 470,000 units in December, according to newly released figures from the U.S. Commerce Department. This marked a third consecutive increase and the fastest pace of single-family housing starts since April of 2010. Meanwhile, the overall number of housing starts for the month declined 4.1 percent to a 657,000-unit rate due to a 20.4 percent dip on the more volatile multifamily side.
The Appraisal Institute recently published guidance to help appraisers know when and how to use distressed sales, such as foreclosures, as comparable sales. Such knowledge is particularly crucial in the current market where distressed sales are common,
Freddie Mac (OTC: FMCC) recently released the results of its Primary Mortgage Market Survey® (PMMS®), showing average mortgage rates changing little amid mixed economic data. Regardless, the 30-year fixed-rate mortgage edged down slightly to 3.88 percent
Don’t blame the real estate appraiser if it turns out that house you’re trying to sell or buy isn’t worth what you thought it was. That was the message delivered recently by the Appraisal Institute, one of the nation’s largest professional associations of real estate appraisers.
“The fact is that appraisers are undertaking the same thorough research and thoughtful analysis that they always have in order to continue producing reliable, credible opinions of value,” said Appraisal Institute President Sara W. Stephens. “Don’t shoot the messenger.”
Mortgage applications increased 23.1 percent from one week earlier (last week’s results included an adjustment for New Years Day), according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 13, 2012.
(MCT)—A gauge of U.S. home-builder confidence showed improvement for the fourth consecutive month in January.
The housing market index, produced by the National Association of Homebuilders and Wells Fargo,
Better Homes and Gardens® Real Estate recently announced the addition of a College Station, Texas-based brokerage to its expanding network. Under the leadership of Jennifer Fredericks and Laurie Brown, Better Homes and Gardens Real Estate Preferred Living will serve the Brazos Valley real estate market, including Brazos, Burleson, Grimes, Robertson ...
Sotheby’s International Realty Affiliates LLC has announced it has expanded its global real estate network in Italy with the addition of Milan Sotheby’s International Realty. ...
ERA Real Estate, a leading global real estate franchisor, recently announced the promotion of Melody Bohrer to senior vice president of broker services and operations. Previously the vice president of broker services, Bohrer will now oversee both broker services and operations, the company stated. ...
Prudential Fox & Roach, REALTORS® and the Trident Group recently announced that Scott Crowley has been promoted to chief information officer (CIO). As Chief Information Officer, he is responsible for ensuring that the company’s information technology investments are aligned with its business objectives. ...
Since it opened in May 2009, the REALTORS® Federal Credit Union has created quite a buzz, becoming a benefit among National Association of REALTOR® members. The union offers a portfolio of services and products, and was recently rated the fastest growing credit union in the country by Callahan & Associates, a credit union information source.
REALTORS® FCU ranked number one in organic membership growth, which neared 25 percent between June 2010 and June 2011. Over the 12-month time period, REALTORS® FCU also grew its loan portfolio by 10.66 percent. Currently, REALTORS® FCU has 7,501 members with total assets of $77.9 million.
"Cautiously optimistic" might be the best description of the feelings of members of Midwest Real Estate Data's Board of Managers for the upcoming year in real estate. Most think we may have "hit bottom" in the difficult last few years and that 2012 will be a year of improvement
According to the monthly RE/MAX housing report, December home sales did not follow the seasonal trend but rose an unexpected 5.7 percent from sales in November. Sales were also up 1.1 percent from December 2010, the 6th consecutive month to show a year-over-year sales increase.
Do you know what’s on the minds of today’s homebuyers? In the following interview, RISMedia’s Lesley Geary catches up with Danielle Claroni of New England Land Company. Read on to learn about Claroni’s creative advertising methods and her key to success in real estate.
DotLoop, the offer-to-close hub for transactions, has announced that seasoned software executive Jeff Mills has joined DotLoop as senior vice president (SVP) of sales and marketing. In his role, Mills’ initial focus will be to grow the company’s user base and lead consumer, agent & broker adoption of the DotLoop ...
