Current Market Data

Will Mel Watt Become the Most Powerful Man in Housing?

Mel Watt, the Democratic representative from North Carolina, is President Obama’s pick to head the FHFA, a role that would give him enormous sway over housing. News broke yesterday that Mel Watt, a long-time Democratic representative from the state

What Home Remodeling Projects Are Best For Your Clients?

Home remodeling projects have a certain romanticism to them, and though some are worth the time and effort, others do not recoup their expenses. Who doesn’t love home remodeling? After all, remodeling is one of the defining reasons for

5 Reasons to Take M-commerce Seriously

M-commerce, or commerce via mobile devices, is the future of business in America, and a new eMarketer survey hammers home that fact. M-commerce, short hand for shopping via mobile devices, used to be a fledgling component of the American

Residential Construction Spending Up in March

Residential construction spending continued its forward progress in March, and the construction industry on the whole expanded impressively. Residential construction had another strong month of activity in March, with construction spending on residential projects in the month rising to

How Do Appraisers View the Housing Recovery?

Consumers, real estate agents and even lenders have been sharing the optimism on the housing recovery, but how do appraisers see things? Slowly but surely, more and more components of the U.S. economy have jumped on the housing recovery

Miami Home Prices Rise 10.4 Percent in February Case-Shiller

Miami posted both monthly and year-over-year increases in the February Case-Shiller, as the city continued to roll towards a housing recovery. There news was uniformly for Miami home prices in the latest Case-Shiller report from Standard & Poor’s, with

Pending Home Sales Index Affected by Low Housing Inventory

Though March’s Pending Home Sales Index from NAR was a positive one, it suggests the low housing inventory levels are affecting home sales at the contract level as well. Pending home sales rose by both monthly and yearly measures

Student Loans Dissuading Consumers from Homebuying

A study conducted by the Federal Reserve Bank of New York says homebuyers with student loans are less likely to take out mortgages than their counterparts. Student loan debt is big; in fact, it would be more accurate to

Multifamily Construction Rolls Along in March ABI

Multifamily developments were, once again, the most in-demand for architectural services, as more and more builders capitalize on rental demand. Multifamily developments once again prevailed in the latest Architecture Billings Index (ABI) from the American Institute of Architects (AIA), as

Mortgage Delinquencies at Lowest Level Since 2008

A new Lender Processing Services study indicates that mortgage delinquencies and foreclosures are moving in the right direction The amount of mortgage delinquencies that were behind in their payments or in foreclosure is at its lowest level since 2008,

What Cities Do Foreign Homebuyers Want to Live in Most?

With the Internet, foreign homebuyers have never had it easier buying property in the U.S. But what cities do they favor the most? It was Thomas Friedman who famously stated that “the world was flat,” and his statement applies

Is Homeownership Still Integral to the American Dream?

Homeownership is often pegged as the ultimately realization of the “American Dream,” but a new study from the MacArthur Foundation finds consumers may not agree with that sentiment. The housing crisis changed many things in the housing market –

New Home Sales Jump 18.5 Percent in March

March was another solid month for newly built residential home sales, as the new construction market bounced back from a disappointing February. After a disappointing February, the sales of new single-family homes returned to form in March, with sales

Miami Home Prices Surge 25.1 Percent in March

Miami’s housing market flourished in March, with residential sales and especially median sales price putting up strong numbers. March marked yet another strong month of residential real estate for Miami-Dade County, with home sales, home prices and distressed property

Apartment Markets Improve Across the Nation, According to NMHC Survey

Survey Results Show Apartment Markets Have Grown Tighter This Year Apartment markets have improved across the nation, according to the National Multi Housing Council’s (NMHC) April Quarterly Survey of Apartment Market Conditions. All four indexes of the survey – Market

Limited Inventory Causes March Existing-Home Sales to Decrease

NAR’s latest survey found that existing-home sales decreased in March due to limited inventory, which continued to pressure home prices. Existing home sales decreased 0.6 percent to a seasonally adjusted annual rate of 4.92 million in March from 4.95

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