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Industry News From REALTOR® Magazine

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Updated: 45 min 7 sec ago

New-Home Shoppers Are in Upgrade Mode

Wed, 06/04/2014 - 00:00

The new-home market in the last year has largely been driven by the upper tier, resulting in record-setting rises to the number of bedrooms,...

‘Affordability Issues Are Real, Major Hurdle’

Wed, 06/04/2014 - 00:00

Fifty-two percent of Americans say they’ve had to make at least one major sacrifice in order to cover their rent or mortgage over the last...

Report Raises Concerns Over Homelessness After Foster Care

Wed, 06/04/2014 - 00:00

About 25,000 young people age out of foster care each year, with a large number then facing homelessness. 

Mortgage Applications Fall 3.1% in Latest Week

Wed, 06/04/2014 - 00:00

Loan demand was on the decline last week, despite mortgage rates continuing to drive down borrowing costs.

Anyone? 'Ferris Bueller' Home Finally Sells

Wed, 06/04/2014 - 00:00

It took five years to find a buyer for the iconic home featured in a classic 1986 feature movie.

Mass. Sues FHFA Over Foreclosure Buybacks

Tue, 06/03/2014 - 00:00

The state of Massachusetts alleges that Federal Housing Finance Agency policies violate a state law allowing nonprofit organizations to buy...

More Home Owners Tap Equity Loans

Tue, 06/03/2014 - 00:00

In the first quarter of this year, home equity lines of credit — once called a major culprit of the housing crisis — soared to its...

Buyers Making Homes Out of Warehouses

Tue, 06/03/2014 - 00:00

An emerging trend is seeing more home buyers turning warehouses and other commercial buildings into unique residences that offer both historic...

Home Owners Doing Record Number of Cash Deals

Tue, 06/03/2014 - 00:00

About 29 percent of non-investment buyers used cash to fund their housing transactions in the first quarter of this year, and baby boomers make up...

Uptick in Lower-End Housing Could Get More Millennials Off Sidelines

Tue, 06/03/2014 - 00:00

Some of the hottest markets for first-time buyers are those that have had an increase in new homes sold for less than $200,000, according to...

WTC Rents Slashed to Snag More Tenants

Tue, 06/03/2014 - 00:00

Developers of One World Trade Center, the tallest building at New York's newly redeveloped World Trade Center site, are cutting office rents...

Housing Market Reaching Equilibrium

Mon, 06/02/2014 - 00:00

Analysts surveyed by Reuters say they expect prices to slow in the coming months due to tight lending standards, slow wage growth, and a lack of...

Realogy Joins Fortune List

Mon, 06/02/2014 - 00:00

The company behind Better Homes and Gardens, Century 21, and Coldwell Banker was named one of the country's top 500 corporations.

Trouble Looms for 2 Million Borrowers

Mon, 06/02/2014 - 00:00

Borrowers with modified mortgages are facing interest rate hikes, and many of them are still underwater.

15 Healthiest Cities in the U.S.

Mon, 06/02/2014 - 00:00

Find out which city nudged out a three-time reigning champ for the top spot as “healthiest” city in the nation. 

E-Mortgages Will Speed Closings, Cut Costs

Mon, 06/02/2014 - 00:00

An electronic mortgage process could cut 30 days off the average time it takes to close a loan, according to a task force created by Fannie Mae....

'Retailers Are Hungry for Space'

Mon, 06/02/2014 - 00:00

Developers are ramping up construction in the retail sector as current supply dwindles, the economy improves, and as store chains look to expand....

NAR: ‘An Uptrend’ in Closing Sales Ahead

Fri, 05/30/2014 - 00:00

“Higher inventory levels are giving buyers more choices, and a slight decline in mortgage interest rates this spring is raising prospective...

Mortgage Rates in a Falling Streak

Fri, 05/30/2014 - 00:00

Mortgage rates inched down for the fifth consecutive week, lowering borrowing costs for home shoppers. 

Fannie's Site Revamp to Help Agents Move Short Sales Faster

Fri, 05/30/2014 - 00:00

Mortgage giant Fannie Mae announced that new functionality on its website provides real estate professionals with a way to contact Fannie Mae more...

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