Inman News released a report highlighting metro areas that are expected to “outshine many other markets in real estate performance this year.” In its report, Inman News scanned metro areas with populations over 150,000 to find where real estate sales volume is rising, job markets are growing, foreclosure activity is low, sales prices are appreciating, and home affordability is at high levels.
Federal and state officials negotiating with major banks on a settlement over allegedly improper foreclosures have given state attorneys general until Feb. 3 to opt in to a potential deal. The number of states participating could affect the value of the deal or whether an accord is even reached.
In the short amount of time since the REALTOR.com global site launched, there are more than 4 million active listings already on the site, including over 1.2 million International listings.
On Jan. 5, 2011, NAR reached out to Bank of America and Freddie Mac regarding inconsistencies in Bank of America’s implementation of required changes to Freddie Mac’s mandatory short sale affidavit.
This week two federal online piracy bills garnered significant media attention when a number of popular websites went dark in opposition to the legislation. The bills, the Stop Online Piracy Act (SOPA) H.R. 3261 and the Protect IP Act (PIPA) S. 968 are intended to address the problem of foreign websites that facilitate the downloading of digital content like movies and music.
The US Government Accountability Office (GAO) released their report on real estate appraisals “Appraisal Subcommittee Needs to Improve Monitoring Procedures” as required per Dodd-Frank.