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Today’s Top Story – Consumer Archive


Homeowners Take a Fresh Look at Remodeling

(MCT)—If you’ve put off redoing that kitchen or adding a deck while waiting for the economy to perk up, welcome to the club. ...


2013: Transition to “Normal”?

The trend of gradual but below-potential economic growth seen in 2012 is expected to carry over through 2013 and into 2014. This modest growth path combined with the real GDP growth rate during the recovery from 2009 to this point of ...


Museum Exhibit Showcases Micro-Unit Apartments

A new exhibit, Making Room: New Models for Housing New Yorkers, opened Tuesday at The Museum of the City of New York, and will run through September 2013. ...


Existing Home Sales Hit 5-year High in 2012

(MCT)—Sales of existing homes ticked down in December from the month before, while the total for 2012 hit the highest level in five years, according to data released Tuesday by the National Association of REALTORS®. ...


Housing Starts End 2012 on a High Note

The year 2012 was a promising one for housing. With consistent improvements in housing construction and prices, home building is once again contributing to economic growth. And the December housing starts report capped off the year with confirmation of ...


Will the Recovery Continue? A Look at Housing in 2013

2012 was the year that the U.S. housing market began its long-awaited recovery. Will the recovery continue in 2013, or will we see another setback? And what are the implications for real estate professionals—especially those who specialize in distressed ...


Mortgage Rates Mostly Flat

Freddie Mac recently released the results of its Primary Mortgage Market Survey® (PMMS®), showing mortgage rates largely unchanged from the previous week helping to keep homebuyer affordability high, refinancing strong and should continue to aid the ongoing housing recovery. ...


CoreLogic: Prices Rose 7.9 Percent in 2012

December 2012 home prices are expected to rise by 7.9 percent on a year-over-year basis from December 2011 and fall by 0.5 percent on a month-over-month basis from November 2012 reflecting a seasonal winter slowdown, CoreLogic said recently. ...


Luxury Sellers Hang Tough on Prices

Even though the time it takes to sell a luxury property has increased to as long as 260 days in Chicago, 287 in Miami and 197 nationally, overall, fewer sellers are cutting prices. ...


Real Estate Magazine Hot Topic Winner: Pocket Listings-Helpful or Hurtful?

Near the end of 2012, we put out a call to our readers, asking them for the most prevalent real estate topics they want covered in the New Year. This ‘Hot Topics’ contest ran into the first week of ...


The Money’s in Mobile

I have made the point over the past couple months that our mobile devices have taken over as the primary consumer search tool for most of us and will take over for the rest of us in the near future. Yes, ...


Home Prices Up 0.3 percent in November; Price Increase Expected to Continue

The latest FNC Residential Price Index™ (RPI) shows that the recovery of U.S. property values has continued through November—the ninth consecutive month of price gains driven largely by rising homes sales and moderate economic growth. ...


Real Estate Q&A: Seller Financing Can Help Sell Home

(MCT)—QUESTION: I am trying to sell my home but am not getting any showings. I’m thinking about allowing a buyer to finance it through me. Is this a good idea? ...


Great Spaces: Hilary Swank, Michael Strahan, and More

Hilary Lists Swanky Pad ...


Qualified Mortgage/Ability to Repay Rule: MBA and ICBA Supportive

The Consumer Financial Protection Bureau (CFPB) has formally released its qualified mortgage (QM) definition and Ability-to-Repay rule, and financial organizations across the board are responding. ...


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