National News

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

Fifth Third Mortgage Surpasses National HAMP Conversion Average

Fifth Third Mortgage Company has continued to lead the pack when it comes to HAMP modifications. Fifth Third Mortgage Company outpaced the industry in permanent modifications in the government’s Home Affordable Modification Program (HAMP) in 2012, marking the third consecutive

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

March Housing Starts Shoot Up 7 Percent

Housing starts in the U.S. climbed 7 percent from February to March and rose a dramatic 46.7 percent from year-ago levels, the U.S. Census Bureau said last week. Starts last month rose to an annual rate of 1.03 million

Agents Control 45 Percent of Homebuyers’ Lender Choice

When it comes to recommending a lender for a home purchase transaction, a new study shows that closing time, reliability and costs are among the most significant factors for real estate agents. The Campbell Surveys and Inside Mortgage Finance

Real-Estate Listing Words: The Good, Bad and Hyperlocal

A picture may be worth a thousand words, but what’s a word worth? Trulia combed through millions of property listings on for-sale homes to find the words and phrases in the most expensive and least expensive listings, as well

What’s Happening to America’s Wealthy?

According to Laurie Moore-Moore, CEO of The Institute for Luxury Home Marketing, the Great Recession not only reduced the number of wealthy people, but changed attitudes and buyer behaviors. Moore-Moore notes that, “In 2008, as a result of the

Economic Growth Stronger Than Expected for First-Quarter

The Economic Growth  Pace is Above-Trend and Expected to Set a Moderate Pace for the Year Economic growth has accelerated to a pace of 3.2 percent, according to Fannie Mae’s Economic & Strategic Research Group. This pace is above-trend,

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

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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