Industry News
October 13, 2010
Consumers continue to lack confidence that the economy is going to turn around any time soon, according to the Gallup Economic Confidence Index.
October 13, 2010
Nearly a third of Americans probably can’t qualify for a mortgage and less than half can qualify for the best rates, even with a large down payment, according to a new report from real estate website Zillow.com.
October 13, 2010
Home sales were up from July, but still down from 2009
October 13, 2010
The Market Composite Index, a measure of mortgage loan application volume, increased 14.6 percent on a seasonally adjusted basis from one week earlier.
October 12, 2010
Despite the stagnant and uncertain economy, renters are returning to the market in massive numbers, The Wall Street Journal reported.
October 12, 2010
Pending home sales have increased for the second straight month, according to the National Association of Realtors. The Pending Home Sales Index, which is based on signed contracts, rose 4.3 percent in August but still remains well below 2009 levels.
October 12, 2010
The first Emerald-status home in Illinois, and one of only 21 nationwide, has been built in Wheaton, Ill. JAW Builders created the 3,600-square-foot, single-family home, which features geothermal heating and cooling, recycled wood substrate siding,...
October 12, 2010
PNC Financial Services Group became the fourth mortgage lender to halt foreclosures, joining GMAC Mortgage, JPMorgan Chase and Bank of America, according to Housing Predictor.
October 11, 2010
Morgan Stanley analysts released their Housing Market Insights report, according to a report by HousingWire. The Morgan Stanley report predicts that home prices will fall by five to ten percent in 2011, and then remain flat for four years. The...
October 11, 2010
The high number of homes for sale right now could be due to the increased number of households with members who are 55 and older, said a University of Virginia professor in a report by The Virginian-Pilot.
October 11, 2010
The nation’s first Passive House retrofit was completed this week in California, according to a report by Jetson Green. The single-family residence, which uses the same amount of energy as a standard hair dryer, was designed by Lail Design Group and...
October 11, 2010
The National Association of Home Builders (NAHB) announced winners of the fourth annual Homes for Life Award on it website. The award program, sponsored by Andersen Windows, recognizes excellent remodeling work for aging-in-place and universal...
October 11, 2010
President Obama plans to veto a bill that could make it more difficult for homeowners to fight foreclosures, according to a report by the Wall Street Journal. The veto comes in the wake of revelations about “robo-signers,” people who...
October 11, 2010
Toll Brothers, Inc. has announced the purchase of a property located at 132 East 65th Street, at the southeast corner of Lexington Avenue, on the Upper East Side of Manhattan in New York City. Plans call for a 15-story building with approximately...
October 8, 2010
Southern California home builder TRI Pointe Homes, LLC, Newport Beach, Calif., has entered into a strategic partnership with an affiliate of Starwood Capital Group Global, LP, a leading global private equity firm focused on real estate. The...
October 7, 2010
Residential construction fell 0.3 percent in August to an annual rate of $238.5 billion, the Commerce Department reported Friday. This marks the fourth consecutive month that residential spending has dropped. Spending temporarily rose earlier in the...
October 5, 2010
Real estate brokerage firm ZipRealty reports a 0.6 percent increase in September homes for sale
September 27, 2010
The boom and then bust of nonprime mortgage lending in the United States caused enormous damage to individuals, communities, the national economy, and the global financial system, according to a report by the Joint Center for Housing Studies of...
September 24, 2010
According to research from economists at the National Association of Home Builders, first-time home buyers are contributing to an increase in demand for smaller and less expensive new homes.
September 24, 2010
Existing-home sales rose in August following a big correction in July, according to the National Association of Realtors. Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, increased...
