Thursday, January 9, 2025

Archives

Economic Outlook Brightens According to Fannie Mae’s Economics & Mortgage Market Analysis Group

WASHINGTON, DC - December 20, 2010 - (RealEstateRama) -- Improvements in consumer spending and consumer confidence, increased demand for goods and services, and falling unemployment claims are all positive factors for a brighter outlook as we move into 2011, according to the December 2010 Economic Outlook released today by Fannie Mae's (FNMA/OTC) Economics & Mortgage Market Analysis Group. Downside risks still exist, however, including a weaker than expected employment report, the ongoing economic turmoil in Europe, and potential inflation problems in China

Bankrate: Mortgage Rates Rise Significantly

NEW YORK, N.Y. - December 20, 2010 - (RealEstateRama) -- Mortgage rates increased again this week, with the average conforming 30-year fixed mortgage rate now 4.62 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.37 discount and origination points.

Bankrate: Mortgage Rates Hit 5%

NEW YORK, N.Y. - December 16, 2010 - (RealEstateRama) -- Mortgage rates soared again this week, with the average rate on the benchmark conforming 30-year fixed mortgage rate rising to 5 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.40 discount and origination points.

Mortgage Rates Continue to Climb

McLean, VA - December 16, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), which found that both fixed- and short-term mortgage rates continued to rise this week. This was the fifth week in a row where fixed-rate mortgage rates were up

Housing Starts Rise 3.9 Percent in November

WASHINGTON, D.C. - December 16, 2010 - (RealEstateRama) -- Nationwide housing starts rose 3.9 percent in November to a seasonally adjusted annual rate of 555,000 units from an upwardly revised number in the previous month, according to newly released data from the U.S. Commerce Department. This marked the first upward movement in new-home production since August, and was entirely attributable to a nearly 7 percent gain in single-family home building.

U.S. MULTI-HOUSING VACANCY RATE EXPECTED TO HOLD STEADY IN 2011 BEFORE FALLING FURTHER IN...

Boston, MA - December 15, 2010 - (RealEstateRama) -- The U.S. multi-housing vacancy rate is expected to remain relatively stable through 2011, ending the year at 5.8%, before falling further to 5.3% during the course of 2012, according to a new forecast from CBRE Econometric Advisors (CBRE-EA). Multi-family property demand will remain solid, continuing a trend that began when the vacancy rate peaked at 7.4% at the end of 2009.

Mortgage Applications Decrease in Latest MBA Weekly Survey

WASHINGTON, D.C. - December 15, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending December 10, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 2.3 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 2.7 percent compared with the previous week.

Mortgage Fraud Suspicious Activity Reports Rise 7 Percent Increase in the First Half of...

VIENNA, VA - December 14, 2010 - (RealEstateRama) -- The Financial Crimes Enforcement Network (FinCEN) today released two mortgage fraud reports entitled Mortgage Loan Fraud SAR Filings, which together cover the first six months of 2010; one report covers January through March 2010, and the other covers April through June 2010.

Research Shows High Levels of Consumer Satisfaction With Reverse Mortgages

December 14, 2010 - (RealEstateRama) -- NRMLA, last week, published independent research showing high levels of satisfaction among seniors with reverse mortgages and equally positive numbers indicating borrowers understood the transaction they were getting into and felt no pressure getting a loan.

Commercial/Multifamily Mortgage Debt Outstanding Down 1.3 Percent on Bank and CMBS Balances in 3Q...

Washington, DC - December 14, 2010 - (RealEstateRama) -- The level of commercial/multifamily mortgage debt outstanding decreased in the third quarter, to $3.2 trillion, according to the Mortgage Bankers Association’s (MBA) analysis of the Federal Reserve Board Flow of Funds data.

MBA Study Shows Mortgage Banker Production Profits Improved with Higher Refinancing Activity in Third...

WASHINGTON, DC - December 14, 2010 - (RealEstateRama) -- Independent mortgage banks and subsidiaries made an average profit of $1,423 on each loan they originated in the third quarter of 2010, up from $917 per loan in the second quarter of 2010, according to the Mortgage Bankers Association (MBA)’s 3rd Quarter 2010 Mortgage Bankers Performance Report released today.

Survey Shows Split in Real Estate over 2011

WASHINGTON, D.C. - December 14, 2010 - (RealEstateRama) -- The New Year will ring in better times in the U.S. real estate market, according to one out of three people surveyed. The opinion poll found that the majority of respondents, however, aren’t so enthused about real estate when it comes to the calendar advancing to 2011

Clear Capital™Reports Third Straight Month of U.S. Home Price Declines

TRUCKEE, CA - December 13, 2010 - (RealEstateRama) -- Clear Capital www.clearcapital.comreleased its monthly Home Data Index™ (HDI) Market Report, providing the most current (through November 2010) and granular analysis of how local markets performed compared to the national downward trend in home prices

Bond Yields Rise and So Do Mortgage Rates

McLean, VA - December 9, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), which found that once again, both fixed- and short-term mortgage rates rose this week. This was the fourth week in a row where fixed-rate mortgage rates were up.

NAHB’S Multifamily Production and Vacancy Indices Show Increased Confidence

WASHINGTON, D.C. - December 9, 2010 - (RealEstateRama) -- Serving as leading indicators for the sector, two composite multifamily indices produced from NAHB's survey of multifamily builders and property managers showed improvement in the third quarter of 2010. The NAHB Multifamily Production Index (MPI) increased to a value of 35.6, up from the 26.6 level reported for the second quarter. This is the highest the MPI has been since 2007

U.S. INDUSTRIAL REAL ESTATE AVAILABILITY RATE EXPECTED TO DROP TO 13.1% IN 2011

Boston, MA - December 9, 2010 - (RealEstateRama) -- The U.S. industrial real estate sector’s national availability1 rate is expected to fall to 13.1% in 2011, down from 14.0% in the third quarter of 2010, according to new analysis from CBRE Econometric Advisors (CBRE-EA). CBRE-EA forecasts that the industrial availability rate is expected to continue declining during 2012, ending the year at 11.8%. The national industrial availability rate peaked at 14.1% in 2Q 2010.

Finalists Announced for National Sales and Marketing Awards

WASHINGTON, D.C. - December 8, 2010 - (RealEstateRama) -- NAHB’s National Sales and Marketing Council (NSMC) has announced the finalists for The National Sales and Marketing Awards – “The NationalsSM.” Finalists are known as Silver Award Winners, with The Nationals Gold Award winner emerging from the field of Silver Finalists.Gold Awards in each category will be presented at The Nationals Gala, held in Orlando, Fla., next month as part of the NAHB International Builders’ Show (IBS). The awards ceremony is scheduled for Wednesday, Jan. 12th at The Peabody Orlando, and is expected to draw more than 500 attendees.

High Splits Not the Only Factor for Agents Picking an Office

Chicago, IL - December 8, 2010 - (RealEstateRama) -- In Chicago Agent’s newly released Chicagoland’s Best Offices 2010 issue, a survey of the magazine’s readers reveals that there are a number of reasons that agents choose one office over another

Mortgage Applications Decrease in Latest MBA Weekly Survey

WASHINGTON, D.C. - December 8, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending December 3, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 0.9 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 22.8 percent compared with the previous week, which included the Thanksgiving Holiday.

Long-Term Mortgage Rates Rise for the Third Time in as Many Weeks

McLean, VA - December 2, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), which found that the both fixed- and shorter-term mortgage rates rose this week. This was the third week in a row where fixed-rate mortgage rates were up

Business Real Estate Press Releases

RESO Announces 2025 Board of Directors Election Winners

RESO Announces 2025 Board of Directors Election Winners

The results of the Real Estate Standards Organization (RESO) 2025 Board of Directors election have been announced for five open seats, director appointments and the board’s Executive

Recent Gov & Nonprofit Real Estate Press Releases

NAR

Pending Home Sales Moved Up 2.2% in November, Fourth Straight Month...

Pending home sales gained 2.2% in November – the fourth consecutive month of increases and the highest level since February 2023 – according to the National Association of