Tag Archives: Cnbc

The Other Housing Recovery: Agents’ Pay

About half of all licensed agents are members of this industry group, which is meeting in Washington, DC this week for a semi-annual conference. “To put that in perspective,the median realtor income had fallen by 35 percent during the housing … Continue reading

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Despite High Demand, Some Builders Slow Production

While smaller builders are taking the brunt of the price increases, the big public builders may actually be taking advantage of them. Knowing that supplies are low and demand is high, some are limiting sales in order to keep prices … Continue reading

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Beyond the Numbers, Confidence Returns to Housing

While first-timers are getting more interested, current homeowners are getting less interested, according to the Campbell survey. Meanwhile investor interest in housing rose to a four-month high, accompanied by a rise in sales of distressed properties. Investors, who largely buy … Continue reading

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Housing Foreclosures Start to ‘Flare-Up’ Again

In California, foreclosures slowed dramatically last year due to a new law designed to protect homeowners, the California Homeowner Bill of Rights, and due to the $25 billion National Mortgage Settlement with mortgage servicers over so-called “robo-signing” foreclosure paperwork fraud. … Continue reading

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How Sequestration Cuts May Pummel Housing

Sequestration could also hit the nation’s home builders, especially those with a large footprint around Washington, DC and Northern Virginia, like Toll Brothers, which reported a first quarter profit Wednesday, and NVR. “Industry tailwinds look to be gaining steam, but … Continue reading

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The Real Estate Recovery, in Your Neighborhood

Now, as we enter the first stages of real recovery, it is more important than ever, for home owners, buyers and investors, to hone in on local markets to see what is and what is not putting housing back on … Continue reading

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Mortgage Recovery Still Rocky

The trouble is, the banks are close to finishing their obligations under the settlement, and the largest, Bank of America, will not continue to offer principal reduction afterward. “The programs then going forward will provide for similar relief, but I … Continue reading

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Attention Mortgage Shoppers, Could Walmart Be Next?

They also want better service and transparency. Although most respondents to the survey showed satisfaction with primary banks (81 percent), many expressed frustration that could push them to find a lending alternative. Top on the list of gripes: “slow execution.” … Continue reading

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New Home Sales Disappoint

“It is making me nervous for sure to have such uncertainty over such a traditional expectation, the mortgage deduction,” says Stephen Paul, of Mid-Atlantic Builders, a Maryland-based company. Paul says he hasn’t seen any cancellations over it yet, but it … Continue reading

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Is Housing Risen From Ashes? ‘Industry Has Come Back’

Economists are saying it, and now even some Americans are saying it. After falling to depths not seen since the Great Depression, the U.S. housing market may finally be rising from the ashes.  It may not seem like a lot, … Continue reading

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