REALTOR® Magazine is the official magazine of the NATIONAL ASSOCIATION OF REALTORS® and the business tool for real estate professionals. The magazine advances real estate best practices, brings expert insight to significant trends, and provides REALTORS® with timely decision-making tools on business purchases and strategies.
North Dakota's oil boom – mostly centered in the western part of the state – is prompting record-high home and rental prices across the state.
"More moderate growth this year is not necessarily bad news, it signals a more sustainable, long-term growth trajectory that will help quell fears that another bubble is arising," according to the latest forecast from the personal finance publisher.
A sector of the market that took a lot of blame for causing the financial crisis is slowly re-emerging.
The number of properties for sale edged up 3.1 percent in January, suggesting a more balanced housing market going into the 2014 home buying season, according to realtor.com®’s latest National Housing Trend Report.
Mortgage delinquencies nationwide have plummeted to their lowest level in more than five years, as more home owners are coming out of the red on their payments.
Fannie Mae pumped nearly $30 billion into the multifamily housing sector last year by cooperating with lenders to finance 507,000 units of housing within the niche.
The Department of Justice is accusing lending giant JPMorgan Chase of approving thousands of loans for the Federal Housing Administration and Veterans Affairs that should not have been eligible for federal insurance.
The bank has announced that it has dropped its minimum credit score for FHA loans from 640 to 600.
The foreclosure picture is improving across the country, particularly in these states with foreclosure inventories below 0.7 percent.
“A significant amount of pent-up housing demand exists, but for it to be unlocked more rapidly, additional gains in wages must be realized,” NAHB economists write.
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