Freddie Mac reported a net income of $2.9 billion in the third quarter, and will pay back $1.8 billion to the Treasury. Fannie Mae reported a net income of $1.8 billion for the third quarter of this year, compared to a $5.1 billion loss in the third … [Read more...]
Trulia on the pluses and minuses of Obama’s re-election
Forbes has a column from Trulia’s chief economist, Jed Kolko, “What Obama’s Re-Election Means for Housing.” Interesting reading, but if you’re lazy here are the main points: 1. More opportunities for refinancing as the … [Read more...]
Constant or Higher Prices on Recent Transactions Compared to a Year Ago
Home prices continue to firm up as demand for existing home sales is reported to be increasing faster than the supply of available homes. According to the latest REALTORS® Confidence Index, about 30 percent of REALTORS® reported constant home prices … [Read more...]
Gen X & Y and Homeownership [INFOGRAPHIC]
Jobless Claims
In each Economic Update, the Research staff analyzes recently released economic indicators and addresses what these indicators mean for REALTORS® and their clients. Today’s update discusses jobless claims. Businesses appear to continue to preserve … [Read more...]
Eminent domain amendment passes… but be wary
It’s easy to jump on eminent domain as a black-and-white issue; no one wants the government to be able to seize property just because someone else thinks they can do something better with it. That’s what property rights are all about, and … [Read more...]
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