National News

Housing Vacancy Rate Shows Improvement, Drops 5 Percent

By Peter Ricci The housing vacancy rate is among the most important measures of the real estate recovery. After all, excess supply was one of the big side effects of the housing boom, as the preponderance of vacant homes

5 Tips for Summer Home Selling

By Peter Ricci In case you haven’t noticed, it’s hot outside – quite hot, in fact! All throughout the Midwest, temperatures have been raging (they hit 107 in Evansville, Indiana in June), and they’ve made the home searching process

HUD PSA Highlights New Resources for Homeowners

The $25 billion mortgage settlement received quite a bit of press when the documents were signed back in February, and for good reason. Encompassing several states attorneys general and the largest financial institutions in the country, the settlement was

NAR Takes its Message to Cyberspace with Email Campaign

By Peter Ricci In a new strategy to generate buzz among consumers and Realtors, the National Association of Realtors (NAR) has launched a wide-ranging email campaign on homeownership. According to a description of the campaign on NAR’s website, the

What's Happening with NAR's Realtor Party

By Peter Ricci In an effort to better mobilize Realtors for the coming elections in November, the National Association of Realtors (NAR) has formed the Realtor Party, a group that aims to forgo party politics in the name of

Mortgage Complaints Dominate CFPB Semi-Annual Report

By Peter Ricci Mortgage complains reigned supreme in the Consumer Financial Protection Bureau’s (CFPB) semi-annual report to Congress, comprising 43 percent of the 55,300 complaints the agency received from consumers in its first 11 months of existence. The make-up of

Shadow Inventory Down 35 Percent From 2010 Peak

By Peter Ricci The shadow knows – that his inventory is severely down! According to researchers at Morgan Stanley, the shadow inventory has fallen 35 percent from its 2010 peak, yet more evidence of stabilizing inventories in housing. The

Is 'Prius Effect' the Defining Green Home Solution?

By Peter Ricci In the real estate community, there is a fire burning – are green homes all that they’re cracked up to be? And more importantly, do they add anything to a home’s value? Such questions have been

Mortgage Rates Drop Yet Again

By Justin T. Hilley Market concern over the strength of the economic recovery took Treasury yields to new depths, causing both 30- and 15-year fixed-rate mortgages to continue tumbling to historic lows. The Freddie Mac survey showed 30-year FRM

The Rise of The 1099 Economy: More Americans Are Becoming Their Own Bosses

By Joel Kotkin While the economy has been miserable for small businesses, and many larger ones as well, the ranks of the self-employed have been growing. According to research by Economic Modeling Specialists International, the number of people who

Realtor Party: Are You In or Out? NAR, Realtors Respond

By AGBeat Recently, AG columnist Erica Ramus published an editorial entitled, “Realtor Party? Count Me Out,” which stirred passionate support from Realtors across the nation while simultaneously drumming up disagreement from local boards, state associations and the National Association

Second Quarter Home Orders for Largest U.S. Builders Extremely Promising

By Peter Ricci The National Association of Home Builders’ Builder Confidence Index hit its highest mark in five years in July, and based on second quarter home order stats from the nation’s largest builders, the source of such confidence

Refinance Activity Increases; Even Zuckerberg is In On It

By Stephanie Sims HousingWire reported today that refinance activity has hit a three-year high, and mortgage applications increased 2 percent from last week, the highest levels since April of 2009. When Facebook founder and one of the world’s wealthiest

Pending Home Sales Rise Year-Over-Year For 14th Consecutive Month, MORe President-elect Michael Parent on 'Communication Factor'

By Peter Ricci Pending home sales rose year-over-year for the 14th consecutive month in June, according to the latest Pending Home Sales Index from the National Association of Realtors. A forward-looking index based on contract signings, the Pending Home Sales

New Residential Sales in June Rise 15.1 Percent, Show Healthy Inventory Levels

By Peter Ricci New residential single-family home sales were up 15.1 percent in June year-over-year, according to the latest data from the U.S. Census Bureau. The increase comes a week after existing-home sales rose 7.9 percent from the year

Baby Boomers and Students Represent New Real Estate Opportunities for Agents

By Peter Ricci Every week, it seems new analysts and business firms jump on the housing recovery bandwagon, calling the bottom for the embattled industry and looking forward to a brighter future. As housing moves forward, though, there are

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