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National News

NAHB: Builder Confidence Holds Firm in February Housing Market Index

Builder confidence held firm in February’s Housing Market Index, falling just one point from January to a rating of 46, according to the National Association of Home Builders (NAHB). Despite the decline, the Housing Market Index has risen strong

CoreLogic: Half of Today’s Mortgages Do Not Meet QM Standards

Roughly half of today’s mortgage originations do not meet the standards of the Consumer Financial Protection Bureau’s qualified mortgage rule, according to analysis by CoreLogic. As CoreLogic explained in its February MarketPulse Report, 52 percent of today’s originations would

Lending Tree: American Dream of Homeownership Still Alive

A new survey from Lending Tree of more than 1,000 homeowners found consumer confidence on the housing market continues to improve, with sentiments towards buying, selling, financing and the overall concept of homeownership now at very encouraging levels. Doug

National Mortgage Delinquency Rate Down 14 Percent in 2012

By Peter Ricci The national mortgage delinquency rate, which tracks how many of the nation’s borrowers are seriously delinquent on their mortgages, fell in 2012’s fourth quarter, declining from 5.41 percent in the third quarter to 5.19 percent in

Pressure Mounts for President Obama to Fire Ed DeMarco

By Peter Ricci Well, it was bound to happen sooner rather than later. House Democrats have renewed their calls for President Obama to fire Ed DeMarco, the acting director of the Federal Housing Finance Agency (FHFA) who has single-handedly

Real Estate Love – A Zippy Approach

She ruled in beauty o’er this heart of mine, A noble lady in a humble home, And now her time for heavenly bliss has come, ‘Tis I am mortal proved, and she divine. “Soleasi Nel Mio Cor” by Petrarch

Obama’s State of the Union Comes Up Short on Housing Policy

By Peter Ricci The housing market received some well-earned recognition last night in President Obama’s State of the Union address, with the president praising the market’s rising home prices, strengthening purchase market and the rebounding construction

Q4 Home Prices Post Strongest Increase Since 2005

By Peter Ricci Median existing single-family home price rose 10.0 percent in the fourth quarter of 2012 year-over-year, the strongest yearly increase for home prices since the fourth quarter of 2005, according to the National Association of

NAR: Typical Realtor Less Experienced in 2012 Than in 2011

By Peter Ricci The typical Realtor was less experienced in 2012 than in 2011, according to the latest numbers from the National Association of Realtors (NAR), which found that Realtors last year had, on average, 11 years of experience,

Will Obama Adress Housing in His State of the Union?

By Peter Ricci Tonight, President Obama will deliver the first State of the Union address of his second term, and along with the expected comments on gun control, climate change and immigration, recent reporting by the Washington Post suggests that

List Your Property on a Friday, Or Suffer the Consequences

By Peter Ricci A wide number of factors contribute a listing selling for its ultimate price, but recent research suggests that the home’s timeliness could add thousands to the final sale

Is the Case-Shiller Flawed? 3 Things to Consider

By Peter Ricci The monthly release of Standard & Poor’s Case-Shiller Home Price Indices is always a red letter day for the housing market, an authoritative indicator on where the housing market is headed. The reason for that importance

Consumer Confidence Continues to Climb in National Housing Survey

By Peter Ricci Consumer confidence in the housing market continued to climb in Fannie Mae’s January National Housing Survey, as more and more consumers approved in the direction of the housing recovery. Most notably, the percentage of survey respondents

3 Reasons Your Clients Should Buy Now

By Peter Ricci The latter winter months are often an awkward time for prospective homebuyers; though competition for real estate is sparse, inventory is often slim as well, and homebuyers are often caught between a rock and a hard

NAHB Improving Markets Index Swells to 259 Areas in February

By Peter Ricci The National Association of Home Builders’ (NAHB) Improving Markets Index expanded to 259 metropolitan markets in February, according to the latest tally from the NAHB. That’s up from 242 in January, and all 50 states now

Home Prices Rise 8.3 Percent in CoreLogic Home Price Index

By Peter Ricci Home prices rose a robust 8.3 percent year-over-year in December according to the latest CoreLogic Home Price Index. That’s the biggest increase since May 2006 and the 10th consecutive monthly increase for the Home Price Index;

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