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Foreclosure Rates Fall in Latest CoreLogic Report

Foreclosure rates continued their year-over-year declines in CoreLogic’s National Foreclosure Report for March, a monthly assessment of the foreclosure markets. The 69,000 completed foreclosures in March 2012 were 14,000 less than in March 2011, though they were a slight

Lenders Take Tiny Steps Into Jumbo Market

The jumbo loan market, once a dominant force in mortgages, is a shadow of its former self, and with the Dodd-Frank legislation pending, some are wondering when the super-sized lending option will make a true return to the housing

Student Debt Crisis Poses New Challenges for Agents

In survey after survey, Americans reaffirm their interest in owning a home, but a new obstacle is hindering that dream for recent college graduates – student debt. Now totaling more than $1 trillion, according to a recent report from

REO Properties Buck Housing Trends with Rising Prices

Falling home values have been one of the more stubborn inhibitors to a true housing recovery, but new research by Clear Capital has found no such problems in the REO market. According to a HousingWire article on the research,

FHFA Delays Principle Reduction Decision

After tacitly supporting the policy and hinting at a definitive approach, the FHFA has delayed its decision on principal reductions. Facing mounting support for the policy, Acting Director Ed DeMarco reversed himself somewhat in early April when he came

Construction Spending Rebounds in March

After a couple of mild months, construction spending rebounded in March, according to new data from the U.S. Census Bureau. For the month, spending was up 6.0 percent from March 2011 to a seasonally adjusted annual rate of $808.1

Mortgage Rates Lowest In Decades

Freddie Mac’s average 30-year FRM fell again last week to 3.88 percent, an incredible 0.90 percent lower than April of 2011. Though low rates have become a seeming custom in recent months, an article from CNN Money offers one essential reminder

Vacancy Rates Fall for Rentals and Homes

Rental vacancies and the homeownership vacancy rate both fell in 2012’s first quarter, according to new data from the Census Bureau. For rentals, vacancies have been on a steady decline since 2010, when the rate was 10.6 percent in

Despite the Web’s Ubiquity, Agents Still a Vital Asset

By now, every agent has heard at least once how important the Internet is, but a new survey from HomeFinder.com has reaffirmed the continuing importance of real estate agents. In a wide-ranging consumer survey of nearly 400 HomeFinder.com users, the website

Are New Construction Homes Attractive Again?

Few sectors of real estate were hit harder in the recession than new construction, but projections from noted economist suggest times may be changing. According to economists from the National Association of Home Builders (NAHB) and other firms, a

FTC Sets Conditions for LoopNet/CoStar Merger

An acquisition that would merge the two largest commercial MLS services in the nation has come under fire from the Federal Trade Commission (FTC) for its anti-competitiveness. The merger, in which CoStar would purchase LoopNet, is an $860 million

Will the GSEs Ever See Reform?

Remarks made by HUD Secretary Shaun Donovan have confirmed the Obama White House has no immediate plans to reform the country’s GSEs “anytime soon.” Though HousingWire, which reported on Donovan’s statement, highlighted the political nature of the policy –

Homebuilders Construct Optimism with 2012 Orders

The uptick in construction activity has been one of the major housing topics thus far in 2012, and new stats on orders for the first quarter are continuing that trend. According to the latest data, which was reported by

First Quarter Foreclosure Activity Mixed

Quarterly foreclosure activity increased in 2012’s first quarter for 114 of the 212 metropolitan areas followed by RealtyTrac, according to a new study by the research firm. The study, however, was not entirely negative. Though foreclosures did increase in

International Sales Group Announces Michael Ambrosio as New President

Michael Ambrosio has been named the new president of the International Sales Group (ISG), a global real estate firm specializing in luxury residential properties in Florida and Panama. Some of Ambrosios responsibilities as president will include, managing day-to-day operations and

A Single-Family Presence in the Rental Markets

Month after month, data comes out affirming the rising demand for rental units, and like the wider world of real estate, fresh and unusual details often accompanies it. A recent Wall Street Journal piece on the rent/homeownership dichotomy has

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