National News

Builder Confidence Posts Highest Monthly Gain in 19 Months

The National Association of Home Builders/Wells Fargo Housing Market Index (HMI) rose to 18, an increase of four points from September to October, the highest monthly gain in 19 months. According to the National Association of Home Builders (NAHB),

Could HUD Programs Be The Next Budgetary Cut?

Budget reductions are a hot topic in Washington right now, and if two bills from the House and Senate are any indication, funds for the Department of Housing and Urban Development (HUD) could be in danger. HUD funds are

Lagging Supply Threatens Ultimate Buyer's Market

Housing inventories, according to data from the National Association of Realtors’ Realtor.com, are down 20 percent from last year to 2.19 million. That’s the lowest level since the site began tracking inventories in 2007, and it poses a unique challenge

Sideways Growth the Projection for Thursday's Sales Data

The National Association of Realtors (NAR) will release its existing home sales data on Thursday, and housing guru Tom Lawler is predicting a continuation of the sideways growth that has defined home sales for the last four months. Posted

This Week in Real Estate: Lakeview Sales, Census Bureau Findings and ZIPping Through Chi-Town

A quick rundown of stats from our real estate news from the week of Oct. 10 – Oct. 14, by the numbers: 35.7 – the percentage that third quarter home sales increased in Lakeview from 2010. Rosie O’Donnell is not

Children of the '50s a Boom to Real Estate

If only all potential homebuyers operated like the baby boomer generation – then business really would be booming! According to a national survey conducted by Coldwell Banker of more than 1300 of its agents, 87 percent of the agents

Keeping it in the Family with Multigenerational Housing

With home prices falling, and financing and appraisals in a precarious position, the renting market is often mentioned as a rising form of real estate. New data out of the Pew Research Center, though, highlights a remarkable upward trend

Mortgage Rates Rise with Jobs Report

In a shocking development, mortgage rates have risen in the last week, riding on the minor optimism from the latest job reports coming out of Washington. After two solid months of declines, culminating in last week’s drop of the 30-year

Amidst Precarious Times, NAR Reaffirms MID Support

National Association of Realtors (NAR) President Ron Phipps recently reaffirmed his organization’s support of the mortgage interest tax deduction (MID), a long-accepted cornerstone of the home buying process that, regardless of its several decades of popularity, is threatened by

HUD Suspends Former Lend America President

The U.S. Department of Housing and Urban Development (HUD) has suspended Michael Primeau, former President of Lend America, from doing any business with HUD following his admission that he engaged in a wide-scale mortgage fraud scheme. “We take this

Fed Lays CRA/GSE Blame Game to Waste in New Report

The financial crisis may have occurred in the fall of 2008, but that has not stopped economists and policy analysts from continuing to offer their perspectives on what ultimately caused the greatest monetary scare since the bank failures of

Mortgage Fee Standards on Supreme Court's Horizon

The Supreme Court agreed yesterday to hear a case on mortgage fees that will have sweeping implications on how “unearned” mortgage fees are prosecuted in the courts. The case pits Louisiana homebuyers against Detroit-based Quicken Loans Inc. The homebuyers

The Help: Housing Style

More than 50 representatives of grassroots and national housing advocacy organizations engaged in a three-hour roundtable discussion on housing with government officials on Monday for “America’s Housing Crisis: Solutions to the Changing Landscape.” Hosted Ocwen Financial Corporation, the event featured

Homeowners Bummed in New Fannie Mae Survey

Homeowners expressed some fears and anxieties on housing and the general economy in the latest Fannie Mae National Housing Survey. The survey’s biggest takeaway came in home prices, which Americans expect to decline by 1.1 percent during the next 12

Census Bureau Data Emphasizes Housing's Resiliency

The Census Bureau just released its massive tomb on housing data from 2000 to 2010, and as expected, the “Housing Characteristics” brief is a sweeping, detailed analysis of housing, offering both good and bad information on the embattled market.

The Ghost of Countrywide's Past Haunts BofA

In an ironic twist, Bank of America (BofA) is closing 40 mortgage offices and firing hundreds of workers at a time when mortgage interest rates are setting record lows. The firings come in the wake of recent news from

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