Featured Properties

RSS Economist’s Outlook from the NAR

  • REALTORS® Expect Modest Price Growth in Next 12 Months, as of August 2014 Survey September 30, 2014
    REALTORS® expected home prices to increase modestly in the next 12 months, with the median expected price increase at 3.5 percent, according to data gathered from the August 2014 REALTORS® Confidence Index Survey. [1] Local conditions vary with expectations anchored on factors such as the level of inventory, the state of the local job market, […]
    Scholastica (Gay) Cororaton, Research Economist
  • Change Could Ease Lender Restrictions September 29, 2014
    The Dodd-Frank act requires that originators make a good faith effort to verify a borrower’s ability to repay their mortgage and imposes stiff penalties if they do not (ATR and QM rules). This makes sense for the safety of the borrower and the market. Some originators have expressed concern, though, pointing to a need for […]
    Ken Fears, Director, Regional Economics and Housing Finance
  • Sales of Homes for Investment Purposes On the Decline September 29, 2014
    As reported in the August 2014 REALTORS® Confidence Index Report, sales to investors fell to 12 percent of home sales in August, from the average of about 18-20 percent in 2010-2013. One reason for the decline is that as foreclosures have eased there are now fewer available distressed properties for sale. Distressed sales (foreclosed property […]
    Scholastica (Gay) Cororaton, Research Economist