National News

Millennials’ Attitude Toward Homeownership

By Tara Steele for AGBeat In the recent American Dream Survey by real estate search giant Trulia, Chief Economist Dr. Jed Kolko notes that renewed optimism about housing is not without reason, but the pendulum may have swung too

Dwell Time: The New Make or Break SEO Metric?

By AGBeat It is well known that Google constantly grooms its algorithm to provide what it deems the most relevant search results possible in its endless quest to think like a human brain. In February 2011, a batch of

Realtor Background Checks Include Reputation, Character: Legal?

By Kathleen Cosner for AGBeat We have a new “industry standard” making an appearance for both appraisers and Realtors. Those of us who do work with appraisal management companies and complete Broker Price Opinions are being asked to submit

What DO Today's Homebuyers Want?

By Peter Ricci It’s the ever-present question on everyone’s mind, right up there with the meaning of life and the purpose of the Higgs Boson – what DO homebuyers want, in today’s real estate market? All kidding aside, it’s

Wells Fargo Shutting Down Wholesale Lending

Wells Fargo is shutting down its wholesale lending business as part of a broad settlement with the Justice Department for a discriminatory lending lawsuit. The San Francisco-based bank will also pay borrowers $125 million to settle claims and commit $50 million

NAHB Improving Markets Index Expanded to 84 Cities

The National Association of Home Builders/First American Improving Markets Index (IMI) expanded yet again last month, with the NAHB adding 11 more metros to the index, which now totals 84. A measure of improving economic conditions, the IMI now

5 Things to Consider About NAR's Top-Level Domain Gambit

By Peter Ricci It was seven years ago that ICANN, the nonprofit that oversees top-level domain names, announced it would allow new domain names in addition to .com, .net and .org, and this summer, it was revealed that the

CFPB Unleashes Proposed Mortgage Disclosure Form, with Comments from Mortgage Banker Association President and CEO David Stevens

After a few months of relative quiet, the Consumer Financial Protection Bureau (CFPB) made considerable waves on Monday with its released of a 1,099-page rule detailing its new standards for mortgage disclosure forms. Intended to simplify the process for

MRED in Negotiations with Zillow on Direct Feed, with Comments from Russ Bergeron, CEO of MRED

By Peter Ricci Zillow was in the news yesterday when Inman News reported that the syndication site had contacted 50 or so MLSs at the end of June about establishing direct IDX feeds. Though Zillow maintains secondary feeds through ListHub,

4 Essential Steps For Agents Entering the Short Sale Process

By Peter Ricci Short sales have become increasingly common in the post-bubble economy, and indeed, the list of agents who have successfully adapted their businesses to short sales is long and varied. Though some have found quite a bit

Optimism Key Ingredient in Obama, Fannie Housing Reports

By Peter Ricci Maybe it’s the patriotic Fourth of July fervor, but two new government reports on housing are quite optimistic, with both President Obama’s Housing Scorecard and Fannie Mae’s latest National Housing Survey finding quite a bit to

Is Housing's Foundation Getting Stronger?

Chief Economist for Fannie Mae Doug Duncan released a statement today that said housing market activity is on a steady incline toward improvement, “well ahead of last year’s pace.” Duncan’s statement coincides with Fannie Mae’s recent findings in their

Rents Average Over $1000 A Month

Real estate data firm Reis, Inc. is reporting that average rent costs have reached a record increase in 74 out of 82 markets that it is tracking in the second quarter, including cities like Chicago, Miami, Seattle, San Diego

3 Reasons the FHFA's REO Pilot Program is a Good Thing

The Federal Housing Finance Agency (FHFA) has selected the winner bidders for its pilot initiative, putting the agency one step closer to closing out what many have anticipated as its most helpful program yet for the U.S. housing market. The program,

$500 Marketing Budget – What Would You Do?

ActiveRain, the popular online real estate network, has an intriguing question for agents – what would you buy if you were on a marketing budget of $500 per month? That question is at the heart of a new competition

Gains for Home Prices in CoreLogic Index Make it 3 Months in a Row

Home prices in CoreLogic’s May home price index rose for the third consecutive month, posting both monthly and yearly gains. From April to May, national home prices were up 1.8 percent, CoreLogic reported, and price rose year-over-year by 2

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