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National News

8 Reasons to Jump for Joy on Housing

It’s no mystery that housing has been on a bumpy path since 2007, but the past month, a wide range of data has come out all but endorsing a new housing recovery. From home sales, to interest rates, to

The 4 Most Prominent Arguments Against Syndication

Internet syndication has changed the real estate industry as we know it, but that doesn’t mean that all brokerages want to use it. Edina Realty, the Twin Cities-based brokerage that famously pulled its listings from Trulia, was in the

10 Things You Didn’t Know About NAR’s Purchase of 437 N Rush in Chicago

The National Association of Realtors (NAR) announced earlier this week its purchase of 437 N Rush, a two-story building that borders the west side of the association’s Chicago headquarters off Michigan Avenue. NAR will now own the entire block

3 Ways to Ensure a Smooth Appraisal Process

Appraisals – can’t live with ’em, can’t live without ’em. A topic we have covered numerous times, appraisals have been a consistent source of headaches for agents in the post-boom market, with contract failures a common result of the

7 Important Details of the NAR Credit Union Merger

The National Association of Realtors announced this week the merger of its Realtors Federal Credit Union (FCU) with the Northwest Federal Credit Union. The end result of a nine-month inquiry by Bob Goldberg, the senior vice president for sales, marketing,

New Home Sales Increase 9.9 Percent, Jeff Morr on Incendiary Miami Market founder/CEO of Majestic Properties in Biscayne Corridor

The housing recovery continued rolling along this morning, with the Commerce Department reporting that new home sales rose 9.9 percent in April from last year. Sales rose 3.3 percent from March to April, and year-over-year median price of new properties

Five Reasons the Government’s Housing Starts Data is Flawed

Housing starts are among the most influential collections of data in the world of real estate, but a Washington Post blog has laid bare some troubling flaws with the data’s collection. Here are the five most notable inconsistencies with

Hazel Goldman with RE/MAX in Pinecrest on ‘Dramatic’ Miami Market

Existing-home sales in the South increased 3.5 percent from March to April, according to the latest data from NAR, with a yearly increase of 6.5 percent. Nationally, sales were similarly strong, rising 3.4 percent from March and 10.0 percent from

Are Agents Recovering? Top 6 Trends That Say ‘Yes’

RE/MAX  surveyed 1,022 of its residential experts in its quarterly RE/MAX Market Insights, and it found numerous signs of a market recovery in real estate, from pricing data to sales activity. Here’s what we thought were six important takeaways from

Are Nonjudicial Foreclosure States Leading the Recovery?

Judicial and nonjudicial states have radically different approaches to foreclosure proceedings, and they may produce different recoveries in the appropriate states. Currently, few analysts argue that a housing recovery is not happening; debate still persists, though, on the particulars

Shifting Demand Defines 2012 Housing Recovery

As the housing market progressively recovers in 2012, more and more analysts are noting the shift in consumer demand from single-family to multifamily units. The latest (and most detailed) example is “The Shifting Nature of U.S. Housing Demand,” a

Mortgage Interest Rates Reach Historic Lows

Freddie Mac yesterday released the latest results of its Primary Mortgage Market Survey, and it found what by now has become common – that average fixed mortgage rates hit record lows last week. The 30-year FRM averaged just 3.79

Fannie Mae Research Points to Improved Housing Market

Fannie Mae bolstered its predictions for the U.S. housing market in its report from the latest Economic & Strategic Research Group. Housing, the report stated, showed considerable promise in the first quarter of 2012, growing at a rate that “substantially”

Foreclosure Activity Lowest in Five Years

Foreclosure filings, which encompass default notices, scheduled auctions and bank repossessions, were the lowest in April in five years, according to the latest data from RealtyTrac. The 188,780 filings for April were a 5 percent decline from March and a

Housing Inventory Stats Down 21 Percent From 2011

Inventory levels in the U.S. housing market are down 21 percent from last May, according to the newest statistics from Pro Teck Valuation Services. A real estate valuation firm based in Waltham, Mass., Pro Teck said many of the

Housing Starts Data Post Huge Yearly Increases

Housing starts for privately-owned homes rose by nearly 30 percent year-over-year in April, perhaps the strongest sign yet of a recovery in residential construction. According to the latest data from the U.S. Census Bureau and the Department of Housing

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