Keyword: real estate economics
Full presentation of Economic Issues & Real Estate Trends Forum from NAR annual conference
2011 NAR convention This morning at the National Association of Realtors (NAR) annual conference, the Economic Issues and Residential Real Estate Trends Forum was held outlining the current state of affairs and what the near future holds. NAR Chief Economist Dr. Lawrence Yun gave a presentation called “Economic and Housing Market Outlook” and Dr. Richard Peach, Senior Vice President of ...
New home sales improve in September, inventory levels remain low
New home sales up Sales of new single family homes improved in September, rising 5.7 percent after falling slightly in August, according to the U.S. Census Bureau. While August saw a rise over the year prior, September saw a drop of 0.9 percent from September 2010. September ended with a 6.2 month supply at the current rate of sale with ...
Mortgage applications drop despite lowest interest rates since WWII ended
Low rates aren’t enough According to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey, mortgage applications dropped 4.3 percent from the week prior and is 12.1 percent lower than the same week in 2010. Last week, the conventional 30-year fixed rate mortgage averaged 4.01 percent, down nearly an entire percent from the week prior, but buyers weren’t swayed by the ...
New 2012 AGBeat media kit available now
- We know you want the most sophisticated audience, and here it is!
Recycling the concept of home equity insurance in a down market
Revamping an old concept The concept of equity insurance has been around longer than TNT & USA have been showing daylong marathons of Law & Order, Law & Order SVU, and NCIS. Really, the idea goes back since around the time of Prohibition, and began as land insurance. It kind of fell off the map for a few decades, re-appeared ...
NAR reacts to detrimental Congressional proposal requiring 20% down
Qualified Residential Mortgage proposal The above video is of Realtor Magazine Senior Editor, Robert Freedman and Ken Fears, Manager of National Association of Realtors (NAR) Regional Economics discussing how the current proposal to require 20% down on all mortgages would impact the housing sector. According to the Federal Reserve Board, “Six federal agencies have approved and will submit a Federal ...
Homeownership – do Realtors rent or own their own homes?
National Homeownership Month As the nation kicks off National Homeownership Month, some wonder what the Realtor population practices rather than preaches and who owns homes out of the people promoting homeownership. According to the National Association of Realtors (NAR), 91% of Realtors are homeowners, a very healthy number compared to the national average of 67%. For members aged 39 and ...
Pending home sales nosedive 27% from April 2010
Lowering expectations Pending home sales (contracts signed) dipped far below what was forecast in April, hitting a seven month low, according to the National Association of Realtors (NAR), now 27% below April of 2010. Last month when pending home sales beat expectations, NAR Chief Economist Lawrence Yun spoke optimistically about market conditions, “Based on the current uptrend with very favorable ...
Home sales down 12.9% from April 2010, one in three homes sold were distressed
Existing home sales data The National Association of Realtors is reporting a 0.8% drop in existing home sales in April, a 12.9% drop from April 2010 (which was near the end of the home buyer tax credit). Distressed homes accounted for over one in three homes sold in April, up 4% from April 2010. The national median existing home price ...
Is the residential real estate double dip official?
The home price double dip is here Analysts have been talking about the impending double dip for some time, and it is now officially here. According to CoreLogic’s February Home Price Index, home prices declined for the seventh month in a row, down 6.7% over the year, taking distressed sales into account. Prices are now officially 4.1% below their 2009 ...
How mortgages will stop with a government shutdown – no bucks, no Buck Rogers!
Now that our friends at the Federal Reserve have changed the mortgage pay system for borrowers and broker, there is more “good’ news from Washington. If a budget stalemate occurs and the money dries up because of the lack of a budge deal, the mortgage business comes to a halt. Why you may ask? Well, below are just a few ...
Statistically, if there are ten houses on your street, at least one is vacant, right?
Housing vacancy rates are in… Today, the news is buzzing about the horrific news that census data released shows extremely high vacancy rates in America that have crept up to 13% of all homes, up 12% since 2007. Vacancies are a general ill in the market, especially when they are abandoned homes. Maine has the highest vacancy rate at 23% ...
Messin’ with real estate demand – too stupid to make up
Calling the bottom It never caught on of course, but I thought my idea for a new game show wasn’t bad. Named it Call The Bottom. Contestants would be assigned various markets around the country and then asked to predict when the bottom would be found. Dumb idea? You bet. As dumb as some of the silly financing rules we ...
Benn Rosales
Conal Campbell
Elijah May
Lani Rosales
Tara Steele
Marti Trewe
Charlene Jimenez
