Current Market Data

5 Reasons to Take M-commerce Seriously

M-commerce, or commerce via mobile devices, is the future of business in America, and a new eMarketer survey hammers home that fact. M-commerce, short hand for shopping via mobile devices, used to be a fledgling component of the American

Residential Construction Spending Up in March

Residential construction spending continued its forward progress in March, and the construction industry on the whole expanded impressively. Residential construction had another strong month of activity in March, with construction spending on residential projects in the month rising to

How Do Appraisers View the Housing Recovery?

Consumers, real estate agents and even lenders have been sharing the optimism on the housing recovery, but how do appraisers see things? Slowly but surely, more and more components of the U.S. economy have jumped on the housing recovery

Pending Home Sales Index Affected by Low Housing Inventory

Though March’s Pending Home Sales Index from NAR was a positive one, it suggests the low housing inventory levels are affecting home sales at the contract level as well. Pending home sales rose by both monthly and yearly measures

Student Loans Dissuading Consumers from Homebuying

A study conducted by the Federal Reserve Bank of New York says homebuyers with student loans are less likely to take out mortgages than their counterparts. Student loan debt is big; in fact, it would be more accurate to

Multifamily Construction Rolls Along in March ABI

Multifamily developments were, once again, the most in-demand for architectural services, as more and more builders capitalize on rental demand. Multifamily developments once again prevailed in the latest Architecture Billings Index (ABI) from the American Institute of Architects (AIA), as

Mortgage Delinquencies at Lowest Level Since 2008

A new Lender Processing Services study indicates that mortgage delinquencies and foreclosures are moving in the right direction The amount of mortgage delinquencies that were behind in their payments or in foreclosure is at its lowest level since 2008,

What Cities Do Foreign Homebuyers Want to Live in Most?

With the Internet, foreign homebuyers have never had it easier buying property in the U.S. But what cities do they favor the most? It was Thomas Friedman who famously stated that “the world was flat,” and his statement applies

Is Homeownership Still Integral to the American Dream?

Homeownership is often pegged as the ultimately realization of the “American Dream,” but a new study from the MacArthur Foundation finds consumers may not agree with that sentiment. The housing crisis changed many things in the housing market –

New Home Sales Jump 18.5 Percent in March

March was another solid month for newly built residential home sales, as the new construction market bounced back from a disappointing February. After a disappointing February, the sales of new single-family homes returned to form in March, with sales

NMHC Survey: Apartment Markets Improve Across the Nation

Apartment markets improved nationwide, according to a recent NMHC survey. All four indexes of the survey were above 50, indicating improving conditions. Apartment markets have improved across the nation, according to the National Multi Housing Council’s (NMHC) April Quarterly

Limited Inventory Causes March Existing-Home Sales to Decrease

NAR’s latest survey found that existing-home sales decreased in March due to limited inventory, which continued to pressure home prices. Existing-home sales decreased in March due to limited inventory, which continued to pressure home prices, according to the latest

Smoking Damages a Property’s Value by 29 Percent

A new study by Pfizer Canada has uncovered the true cost of smoking – its monetary damages to your real estate listings! Anti-smoking campaigns typically focus on the negative health effects of tobacco, but a new study by Pfizer

April Mortgage Activity At Highest Level Since 2010

The mortgage markets have been on a bumpy ride the last five years; are the latest numbers from the Mortgage Bankers Association, though, a positive sign? Mortgage applications rose 4.8 percent last week to their highest level since May

What Do Owners & Renters Most Regret About their Living Arrangements?

Inevitably, there will be some aspect of one’s living arrangements to regret, but how do the regrets of owners and renters compare? It’s the most unfortunate of situations – a consumer spends the time researching a home purchase or

45 Percent of Homebuyers Choose Lender on Agent Recommendation

The agent/lender relationship is a darned important one, and a new survey highlights just how influential agents are in the creation of that relationship. The relationship between agent and lender is one of the more integral in real estate,

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