National News

Fannie/Freddie Fee Hikes Could Raise Rates by 25 Basis Points

April 1 is the set date for when the new Fannie Mae and Freddie Mac guarantee fees will rise by 10 basis points as the primary funding method for the government’s recently-passed payroll tax cut extension, and Lenders One,

The Saga Continues for NAR Sales Data Revisions

On December 21, as the year winded down and everyone began anticipating the holidays, the National Association of Realtors (NAR) quietly released a 14 percent downward revision to its existing-home sales, reversing data going back to 2007. Though the

Fed Outlines Potential REO Conversion Program

REO inventories, and the supposed plan on what to do with them, have attained a near-mythical status in recent months. Every month or so, we publish a story on recommendations from the National Association of Realtors, local attempts to

Location and Quality Go Hand-in-Hand for Homebuyers

News flash: homebuyers care about the perceived quality of a property. Though hardly news to agents, the 2011 National Association of Realtors Profile of Home Buyers and Sellers, just released in November, found that 67 percent of homebuyers decided

Correspondence from the Upcoming Downpayment War

Down payments can make or break a housing contract, and recent data from LendingTree, which reports that the average down payment on homes is just 12 percent, would appear to be welcome news. After all, high down payments and

Could Sellers be the Faulty Factor in the Housing Recovery?

Everyone has a hypothesis on what specific factor is prohibiting housing from a true, sustainable recovery. Typically, such hypotheses feature a stock list of usual suspects – excess inventory, REOs and foreclosures, vacant properties, unreasonably tight financing and contract failures. An academic

Construction Spending Exceeds Expectations

Construction spending in November exceeded economists’ predictions and rose 1.2 percent from October to $807.1 billion, according to new data from the U.S. Census Bureau of the Department of Commerce. All in all, construction spending was positive across the

Date Set for the Fannie/Freddie Fee Hike

Numerous disagreements swirled around Congress’ passing last month of the payroll tax cut extension, but none proved more controversial with real estate professionals than the agreed funding method for the tax cut – and now a date has been

What if Home Values Kept it Real?

After a strong summer, home values have been charting a rough course in recent months. Between CoreLogic’s HPI, LPS’ home price index and Radar Logic’s RPX, home values in the most recent data sets declined between 1 and 2

FHA Continues Home Flipping Embrace

The Federal Housing Administration (FHA) has renewed a waiver for an anti-flipping regulation through 2012, according to a press release just issued by the agency. Originally passed to limit home flipping – the housing strategy of buying cheap properties

Pending Home Sales at Highest Level in 19 Months

The National Association of Realtors’ (NAR) Pending Home Sales Index, a measure of housing contracts for pending sales, rose 7.3 percent in November to its highest level in 19 months, according to a new press release from the association.

Affordability and Refinancing Remain Paths of Opportunity

Unprecedented, historic, monumental – lots of big adjectives are thrown around about housing today, but a new piece by John Gittelsohn in Business Week highlights a couple of the unique opportunities in today’s market. Affordability is a main feature of today’s market,

New-Home Sales Increase Slightly in November

New single-family home sales in November rose 1.6 percent from October, a seven-month high that still continues a 19-month trend of mostly sideways growth at a low level. According to new data jointly released by the U.S. Census Bureau and

ABI Hits First Positive Territory in Three Months

After a nearly three-point jump in October, the Architecture Billings Index, a forward-thinking measure of future construction activity, increased by 2.6 in November to 52.0, the first positive level for the index since August. Additionally, the new projects inquiry, a

Multifamily Housing to Recover Strongly in 2012

Multifamily housing has been in the news quite a bit the last couple months, as analysts have pointed to the sector as one of the few bright spots in construction, if not the entire housing market, in recent months.

Inventories the Main Takeaway from NAR Revisions

As promised, the National Association of Realtors (NAR) released its revised totals yesterday on existing-home sales, and the “meaningful” changes the association had foretold came out to a 14.6 percent downward revision for 2010’s existing-home sales and a 14.3

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