The share of new single-family home sales purchased with cash rose during the second quarter of 2014, reaching 8.4 percent of sales.
The onset of the housing crisis in 2007 led to a decline in the share of new home sales due to conventional mortgage financing and increases in …
After a slow start this year, home sales are predicted to play catch up for the remainder of 2014, according to the Freddie Mac U.S. Economic and Housing Market Outlook for July. The report showed mixed data results for the housing recovery as we head into the second half of …
I was recently notified that the Consumer Financial Protection Bureau (CFPB) is issuing guidance to aspiring homeowners regarding mortgage brokers transitioning to what is known as a “mini-correspondent” lender model.
The CFPB is concerned that some mortgage brokers may be shifting to the mini-correspondent model under the mistaken belief …
The National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI) rose three points to 56 in the second quarter of 2014, regaining the momentum built in 2013. This is the fifth consecutive quarter for an RMI reading above 50.
An RMI above 50 indicates that more remodelers report market …
When considering which rooms to renovate in your home, it’s important to keep in mind which upgrades are likely to give you the greatest return on your investment. A recent report by Remodeling magazine indicates the top five projects that recoup the most dollars at resale.
1. Kitchen – …
Mortgage applications increased 2.4 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 18, 2014.
The Market Composite Index, a measure of mortgage loan application volume, increased 2.4 percent on a seasonally adjusted basis from …
More money has been lost to indecision than was ever lost to making the wrong decision. The economy and the housing market have caused some people to take a “wait and see” position that could cost them in lost opportunities as well as almost certain higher costs in the …
Nationwide housing production fell 9.3 percent to a seasonally adjusted annual rate of 893,000 units in June, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The drop was due primarily to a nearly 30 percent decline in the South. …
Q: What online marketing tools should real estate professionals add to the mix in order to successfully grow their business?
A: Online marketing is one of the most important areas in which to grow your business. Some available tools for online marketing include Google, forms of social media marketing, …
In addition to ensuring the supply of affordable rental housing, the Low-Income Housing Tax Credit (LIHTC) supports jobs and provides benefits to the economy, reports the National Association of Home Builders (NAHB). Using the NAHB economic impact model of home building, revised industry estimates reveal that the LIHTC program supports …