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National News

Purchase Activity Back to 2010 Levels in MBA Mortgage Survey

By Peter Ricci The Purchase Index of the Mortgage Bankers Association’s (MBA) latest Mortgage Applications Survey, which measures purchase activity in the nation’s mortgage markets, increased 3 percent last week from the week before and 26 percent year-over-year, hitting

Fannie Mae: Housing Market on ‘Firm Footing’

By Peter Ricci Rebounding home prices, record low mortgage rates and strong home sales are just some of many positive factors in the housing market heading into 2013, according to the latest Economic and Strategic Research report from Fannie

American Housing Survey Provides Fascinating Glimpse at New-Home Shoppers

By Peter Ricci The American Housing Survey is conducted every two years by the U.S. Census Bureau, and every time the agency releases it they unleash a bevy of fascinating statistics regarding how the buyers of newly-built single-family homes

What Will Happen with Housing Inventory in 2013?

By Peter Ricci Yesterday’s existing-home sales report from the National Association of Realtors’ made two points perfectly clear: one, that existing-home sales are showing promising trends for 2013; and two, that housing inventory has fallen just about as low

Fitch Analysis: Housing will be Economic Boon in 2013

By Peter Ricci The housing market will contribute positively to the U.S. economy in 2013, with single-family housing starts climbing 18 percent, new home sales rising 22 percent, and finally, existing-home sales increasing 7 percent, according to an optimistic

2012 Zillow Home Value Index Increases 5.9 Percent Over 2011

By Peter Ricci The latest Home Value Index from Zillow had nothing but good things to share about the housing market, with U.S. home values increasing 5.9 percent in 2012 over 2011. Furthermore, the Home Value Index also increased

Google Real Estate Part 5: The Appeal of Homeownership

By Peter Ricci So far, our “Google Real Estate” series has covered a wide range of topics within the real estate tech sphere. From Internet video, to mobile users, to the broad applications of marketing strategies, our emphasis has

Existing-Home Sales Increase 12.8 Percent in December

By Peter Ricci Existing-home sales increased 12.8 percent year-over-year in December as the housing market closed out a stellar 2012, according to the latest numbers from the National Association of Realtors. Though sales did dip a bit from November

CFPB Institutes New Rules For Appraisals, Loan Officer Compensation

By Peter Ricci The Consumer Financial Protection Bureau (CFPB) can be called many things, but lazy isn’t one of them. After announcing new standards for residential mortgages and regulations for mortgage servicers, the agency was back at it again

Early Spring for Winter Real Estate Market?

By Stephanie Sims Is winter the new spring when it comes to real estate? Typically, homeowners don’t list their homes until warmer weather because historically, more homebuyers buy in the spring and summer. But that’s not always the case

Home Price Increases Lift 1.4 Million Borrowers From Negative Equity

By Peter Ricci Riding the wave of increasing home prices, approximately 100,000 borrowers were lifted out of negative equity in the third quarter of 2012, according to the latest analysis of mortgages by CoreLogic. From January to September 2012,

The Built-for-Rent Market – a Temporary Phenomenon?

By Peter Ricci The surging residential rental market – and the uptick in multifamily construction that has accompanied it – has been one of, if not the biggest outcomes of the post-boom housing market, and according to recent data pulled

CFPB Releases New Regulations for Mortgage Servicers

By Peter Ricci Just a week after releasing new standards for residential mortgages, the Consumer Financial Protection Bureau (CFPB) is at it again this week, releasing the first nationwide standards for mortgage

Are Price Reductions Becoming More Infrequent?

By Peter Ricci Heavy price reductions were one of the ugliest side effects of the housing downturn, but a new study by Trulia suggest that price reductions may be happening with fewer frequency as the housing market

2012 Ends on Solid Footing in Redfin Real-Time Price Tracker

By Peter Ricci The U.S. housing market ended 2012 on solid footing in the Redfin Real-Time Price Tracker, with home prices, housing inventory and home sales all improving over 2011. A monthly measure of the housing market’s key fundamentals, the Real-Time

Housing Starts Soar in December to Highest Level Since 2008

By Peter Ricci Housing starts soared in December, climbing 12.1 percent from November and 36.9 percent from December 2011 to a seasonally adjusted annual rate of 954,000, according to the latest numbers from the U.S. Census Bureau and the

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