National News

Small Home Builders Keep the Nation’s Housing Industry Alive

Small home builders are the mainstay of the nation’s housing industry, including a sizable number of self-employed mom-and-pop operations, according to a new study by economists at the National Association of Home

Homeowners Recoup More with Exterior Replacement Projects

As part of the 2010-11 Remodeling Cost vs. Value Report, the National Association of Realtors recently rated exterior replacement projects among the most cost-effective home improvement projects, demonstrating that curb appeal remains one of the most important aspects of

U.S. Housing Market Shows 23 Percent Year-Over-Year Rise in December National Price Reductions

Trulia.com has released its December price reduction report for the U.S. housing market. Nationally, the number of listings with at least one price cut grew by 23 percent, from 22 percent in December 2009 to 27 percent in December

Housing Starts Rise 3.9 Percent in November

Nationwide housing starts rose 3.9 percent in November to a seasonally adjusted annual rate of 555,000 units from an upwardly revised number in the previous month, according to newly released data from the U.S. Commerce Department. This marked the

Residential Market Shows Third Consecutive Quarter of Negative Equity Decline

CoreLogic has released negative equity data indicating a third consecutive quarterly decline in negative equity for residential

Builder Confidence Remains Flat in December

Builder confidence in the market for newly built, single-family homes remained unchanged in December from the previous month at 16 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released

Price-Reduced Listings Continue to Soar Over Last Year

The number of price-reduced homes on the market this November increased dramatically compared to the same time last year, rising 24.1 percent according to ZipRealty’s Price Reduction Index, a monthly review of MLS-listed properties in 26 markets surveyed by

Clear Capital Reports Third Straight Month of U.S. Home Price Declines

Clear Capital (www.clearcapital.com) released its monthly Home Data Index (HDI) Market Report, providing a granular analysis of how local markets performed compared to the national downward trend in home prices through November

Trump for President in 2012?

Real estate developer and host of his own reality TV show Donald Trump has hinted that he might consider running for president in

U.S. Homes Set to Lose $1.7 Trillion in Value During 2010

U.S. homes are expected to lose more than $1.7 trillion in value during 2010, which is 63 percent more than the $1 trillion lost in 2009, according to analysis of recent Zillow Real Estate Market Reports. That brings the

New Survey Reveals 58 Percent of Americans Expect Housing Market to Recover After 2012

Trulia.com, a top site for homebuyers, sellers and renters, and RealtyTrac, the leading online marketplace for foreclosure properties, Tuesday released the latest results of an ongoing survey tracking homebuyers’ attitudes toward foreclosed homes. Results of the survey conducted online

HUD to Investigate Allegations That 22 Banks and Mortgage Lenders Discriminate Against Black and Latino Loan Seekers

The U.S. Department of Housing and Urban Development announced yesterday that it is launching multiple investigations into the practices of certain mortgage lenders to determine if their home loan policies illegally deny qualified Black and Latino borrowers access to

Entry Deadline for the 15th Annual Webby Awards Approaches

The 15th Annual Webby Awards will honor excellence on the Internet in the summer of 2011, the final date to enter the most innovative work online is December 17th. Entries for ‘Best Real Estate Site’ of the year can

Calvert Updates ‘Green Homebuilder’ Rankings Based on Environmental and Sustainable Practices

America’s 10 largest publicly traded homebuilders have started to improve their policies and practices relating to the environment and resources, but much progress remains to be achieved, according to a major new study by Calvert – one of the

Fannie and Freddie to Suspend Foreclosure Evictions for the Holidays

Freddie Mac and Fannie Mae, the two government-controlled mortgage entities, have announced that they will freeze all foreclosure evictions on mortgage loans they own or back from Dec. 20, 2010 through Jan.3,

Agencies Issue Final Appraisal and Evaluation Guidelines

The federal financial regulatory agencies issued final supervisory guidance today on sound practices by financial institutions for real estate appraisals and

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