News / Features

Consumers Beginning to Prefer Promotional Offers via Smartphone

According to the JiWire.com Mobile Audience Insights Report for the second quarter of 2011, interesting trends were revealed regarding consumption of promotions through mobile-specific channels, with one in five consumers preferring to receive promotional offers through their smartphone. E-mail

Americans Own an Average of 2.4 Devices

According to the JiWire.com Mobile Audience Insights Report for the second quarter of 2011, a substantial shift has occurred in what gadgets Americans own. In the second quarter, most Americans owned a laptop, more than half owned a smartphone

This Week in Real Estate: Data Clashes, Confidence Men, and Inventories

A quick rundown of stats from our real estate news for the week of Oct. 17 – Oct. 21, by the numbers: 13.3 – the percentage that home sales in the nine-county Chicagoland area increased in September from last year.

Foreclosure Attorney Shakeup to Occur for GSEs

The Federal Housing Finance Agency (FHFA), the government body that oversees federal lenders Fannie Mae and Freddie Mac, has ordered the two financial bodies to phase out their network of foreclosure attorneys in the wake of the robo-signing foreclosure

Prey's Anatomy: Perspectives on the Mortgage Interest Tax Deduction

Who knew something so popular could receive such scorn? Since mid-September, when the mortgage interest tax deduction (MID) was floated as a possible casualty of the Congressional “Super Committee” charged with lowering the federal deficit, the famous deduction has

Monthly Existing-Home Sales Falter, but Retain Yearly Gains

After increasing almost 8 percent in August, existing-home sales fell back to earth in September, decreasing 3 percent from August but retaining strong year-over-year gains, according to new data released by the National Association of Realtors (NAR) today. Total sales

Renting and Homeownership at Odds in Freddie Housing Report

Freddie Mac Chief Economist Frank Nothaft released the October 2011 Economic Outlook yesterday, reporting a decrease in homeownership but increase in rental demand. On one hand, Nothaft reported an increase of 1.4 million households that have moved to rental

Fed Approves New Resolution Plans, But is it Enough?

The Federal Reserve approved a new policy on Monday that aims to clarify how larger financial institutions would handle another systemic shock to the banking sector, though some critics still say the new policy falls short. The plan, which

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Housing Starts Jump 15 Percent in September

The U.S. Census Bureau and the Department of Housing and Urban Development announced new data for construction earlier today, the most notable being that housing starts rose 15 percent from August to September. In total, privately-owned housing starts were

Are Short Sales the Remedy for Home Values?

The past few months, media outlets have been awash with proposed remedies for falling home prices, but the latest solution comes from an unlikely source: short sales, home sales of distressed homes before they are repossessed and sold by

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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

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