Realtor.com® President Errol Samuelson said Thursday that impending changes to the site — such as the inclusion of listings from sources other than REALTORS® — will strengthen the REALTOR® brand.
Housing price increases is good for the overall economy, but the gap between moderate-income family earnings and the cost of housing is widening in many markets.
The projected 490,000 foreclosures nationally this year is a far cry from the peak of 1.05 million foreclosures in 2010. But a few states are seeing year-over-year increases.
Four years into the recovery, and lackluster economic growth persists. But the housing market is one bright spot that may help change the overall economic picture.