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National News

Housing an Aging Population Booming with Needs

A new study by The Center for Housing Policy takes a detailed look at America’s older population and the housing needs those aging baby boomers will require. From the start, the study makes it clear that the number of Americans

Do Shadow Inventories Cast Doubts on Growth?

The National Association of Realtors (NAR), spurred on by a better-than-expected early spring homebuying season, has modestly upgraded its economic projections for the next two years to better reflect the current economic climate – though as one analyst has

Rising Rents Reinvigorate Homebuying Interest

The main thrust of housing’s spring selling season is just around the corner, and in 2012, homebuying may be helped from a most unlikely source – rental rates. In the post-boom housing economy, renting has ascended to its most

CoreLogic HPI Highlights Distressed Sale Impact

CoreLogic released the findings of its latest Home Price Index (HPI) yesterday, highlighting the profound impact of distressed sales on the U.S. housing market’s makeup. Excluding distressed sales, home values increased 0.7 percent from January to February and decreased

Mortgage Applications Reverse Trend, Increase

Mortgage applications reversed a six-week trend last week and rose 4.8 percent, with prospective homebuyers and refinancings driving the increase. In addition, the refinance index, which measures refinancing activity, increased by 4 percent, and the purchase index rose 7.2

Principal Reduction Program Gets Treasured Endorsement

Back in January, the Treasury Department forcefully endorsed a potential principal reduction program from the FHFA, and the Wall Street Journal reports that the endorsement has placed newfound pressures on the agency’s director, Ed DeMarco, to act on the

How Will Pent-Up Demand Affect Housing?

Pent-up demand is a term that has been thrown around quite a bit in housing debates lately, and last week, the NAHB threw its analytical hat in the ring. Often, the demand argument is presented as the second coming

Private Loan Modifications Decline in February

Loan modifications from the nation’s banks were down 20 percent from January to February, according to an analysis by the Hope Now alliance. In total, 44,500 home loans were modified in February, compared to 55,700 in January, and workouts

The Emotions of the Homebuying Decision

A new survey out from Coldwell Banker is reporting that a formidable number of homebuyers put more emphasis on the emotional appeal of a home than its technical details. According to a Real Estate Economy Watch overview of the

New FHA Restrictions Change Credit Requirements

A new regulation from the Federal Housing Administration (FHA) is poised to further restrict access to the agency’s pool of low-cost, low-money-down loans. According to a CNN Money article on the changes, the FHA is now scrutinizing the creditworthiness

Construction Spending Retains YOY 2012 Increases

Construction spending, one of the main economic indicators for future growth, rose 5.8 percent year-over-year in February, according to the U.S. Census Bureau. At a $808.9 billion annual rate, spending was actually down somewhat from January’s revised totals, falling slightly

Delinquency Rates at Fannie, Freddie Decline in February

The housing market received another dose of good news late last week with delinquency rate reports from Fannie Mae and Freddie Mac, which both declined in February. The reports are the latest in a long line of positive developments

Investment Home Sales Surged in 2011

Sales of investment and vacation homes skyrocketed in 2011, with the combined market share jumping to its highest level since 2005, according to the 2012 Investment and Vacation Home Buyers Survey from the National Association of Realtors. That survey found

Are Escalating Contract Failures a Problem?

An interesting nugget of information was tucked away in the National Association of Realtor’s latest press release on existing-home sales. Amidst the details on sales (which were down 0.9 percent monthly but up 8.8 percent year, in case you were wondering),

Dimensions of a Housing Recovery

All week, we’ve been reporting on the different dimensions of the housing recovery. From housing’s relationship with the greater economic progression of 2012, to positive projections from Frank Nothaft, Freddie Mac’s chief economist, to the continually high interest from

Legislators Move to Save Mortgage Debt Relief Act

New legislation proposed in the House of Representatives would extend the Mortgage Debt Relief Act of 2007, a federal provision that allows taxpayers to exclude from their income the debt reductions that resulted from mortgage restructuring or foreclosure settlements.

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