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Home Prices on Long-Term Spell Upward

Home prices are continuing their long-term spell upward, with a February gain of 6.3 percent, according to the S&P CoreLogic/Case-Shiller Indices. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index’s 10-City Composite, which is an average of 10 metros...

Wells Fargo Fined $1 Billion for Abusive Insurance, Mortgage Practices

The government has handed down a $1 billion penalty to Wells Fargo for abusive consumer practices related to its administering of auto insurance and extensions on mortgage rate locks. In addition to the fine, the bank has been ordered to...

Is ‘Green’ at a Premium? Depends Where You Purchase

Who says you need “green” to get a green home? According to an analysis by realtor.com®, eco-friendliness is becoming the norm—and being a green homeowner may not be as pricey as thought. While California’s costlier markets have high concentrations of...

Loan Originations: Home Purchases Up

Even with increasing interest rates, closed home purchases ticked up 6 percent in March, according to Ellie Mae®’s latest Origination Insight Report. Closed refinances slumped 5 percent. Across the board, closings took 41 days in March, one day less than...

Half of Markets Outpacing Peaks Prior to Recession

ATTOM Data Solutions has released its Q1 report on sales, which found homes in 54 percent of metros are at prices above their pre-recession top-out. “Rising interest rates and recently enacted tax reform that removed some tax incentives for homeownership...

Economic Forecast: Expectations High, but Less Long-Term Optimism

The latest Urban Land Institute (ULI) Real Estate Economic Forecast predicts modest fluctuations across the board for 27 economic/real estate indicators. The three-year forecast is completed semi-annually, surveying over 48 economists and analysts at 36 real estate organizations. A leading...

Existing-Home Sales Strengthen

Building on February’s gains—and for the second time this year—existing-home sales have strengthened, the National Association of REALTORS® (NAR) reports. March sales increased 1.1 percent to 5.6 million, but they were down 1.2 percent from the prior year. Inventory increased,...

The Commercial Broker Roundtable: Coworking for Women

Editor’s Note: The Commercial Broker Roundtable is a quarterly look at the issues affecting the commercial real estate market and their ramifications for residential real estate. Moderator Deena Zimmerman, Vice President, SVN Chicago Commercial Participants Felena Hanson, Founder, Hera Hub,...

Planning a Vacation Getaway?

NAR PULSE—Remind your agents that NAR members get discounts year-round on car rentals. Take advantage of your member benefits the next time you rent a car through REALTOR Benefits® Program partners Avis®, Budget® and Hertz® and save up to 25%...

New-Home Sales Take Off

March new-home sales took off, up 4 percent to 694,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). The average new-home sales price was $369,900, while the median was $337,200. New-home listing inventory...
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