National News
The 30-year fixed-rate mortgage (FRM) is down to 4.51 percent (with an average 0.7 point) this week and 15-year rates dropped to 3.65 percent (with an average 0.6 point), according to MarketWatch. While neither drop is incredibly drastic, it
Zillow found that home sellers who bought their home after 2007’s housing bubble burst have a tendency to overprice their home by 14.1 percent more than those who bought a home during or before the bubble, said Agent
Many are familiar with the case of the recent murder of Ashley Okland, the Des Moines, Iowa Realtor who was shot and killed at the open house she was showing. While the case (now active for three months) has
The job market for construction seems to be recovering; even as the entire economy experienced a 10 percent increase in layoffs, from May to June – to the highest level since August 2010 – construction hires and openings proved
Fannie Mae released their monthly consumer attitudinal survey report, with results from June finding that Americans now expect a decline of 0.5 percent in home prices over the next year; this is slightly more optimistic than the beliefs measured
A new law to be launched in 2012 is expected to take 100, 75, 60 and 40 watt incandescent bulbs out of manufacturing, hoping to promote energy efficient lightbulbs. According to Poynter, misconceptions of the law have led many
The Obama administration is working to revive the housing market, following up on the administrations’ already active programs and modifications, which President Barack Obama said were “not enough, and so we’re going back to the drawing
After an optimistic first quarter, Wall Street banks are expected to report a drop of almost 25 percent in core trading revenue. JPMorgan Chase, Bank of America, Citigroup, Goldman Sachs, and Morgan Stanley are all expected to report similar
The downsizing trend that has gripped most of the real estate market during the past few years appears to be turning around, according to a survey by the American Institute of Architects
As home prices fell 3.2 percent during the last six months, many began to wonder where they will go from here. According to Housing Wire, Clear Capital believes that prices will drop another 2.4 percent throughout the remaining duration
Miami will not be the next boom town in the U.S., according to recently released data from New
A recent analysis by Reis Inc. showed that the apartment vacancy rate fell to six percent, down from 6.2 percent in quarter one and 7.8 percent in quarter two of 2010, according to Calculated
In addition to research from NAHB showing that home ownership is still valuable, yesterday, NAR released results from the “2011 National Housing Pulse Survey” a telephone poll of 1,250 adults which found similar
Recently, news broke that Bank of America aims to settle a lawsuit with displeased investors for $20 billion; of this $20 billion, $8.5 billion is set to go to investors who were deeply impacted by the troubled mortgage-backed securities
In a recent call for action, the National Association of Realtors has asked Realtors to weigh in on the impact of changing mortgage costs, which are set to decrease on September 30 – which may subsequently further prevent housing
Bank of America has been criticized by many investors who held stock in the now failed home loans; the bank faces a proposed sum totaling $20 billion in order to partially reverse the damage, with the additional costs of