Marketing & Statistics
Home Marketing & Statistics
Sharp Jump in Purchase Activity Led by Applications for FHA Loans in Latest MBA...
WASHINGTON, D.C. - October 6, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending October 1, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 0.2 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 0.3 percent compared with the previous week.The Refinance Index decreased 2.5 percent from the previous week. The seasonally adjusted Purchase Index increased 9.3 percent from one week earlier and is the highest Purchase Index observed in the survey since the week ending May 7, 2010. The unadjusted Purchase Index increased 9.1 percent compared with the previous week and was 34.7 percent lower than the same week one year ago
RE/MAX Records Increasing Franchise Sales
Denver, CO - October 5, 2010 - (RealEstateRama) -- While the housing market is experiencing a post tax credit correction, RE/MAX reports that at the end of the 3rd quarter, 2010 franchise sales are 36% higher than this time last year. After nine months, the global real estate franchisor sold 510 franchises worldwide. In the U.S., 147 sales represent a 28.9% increase over 2009, and in Canada, 28 sales mark a 16.6% increase. An even more impressive success story is taking place in the emerging markets of Brazil and India, where RE/MAX has sold 71 and 64 franchises respectively in 2010
CALIFORNIA ASSOCIATION OF REALTORS releases its California Housing Market Forecast for 2011: Small increases...
LOS ANGELES, CA - October 4, 2010 - (RealEstateRama) -- A weaker-than-expected economic recovery will result in a projected decline in California home sales for 2010, although home sales are expected to edge up slightly in 2011, according to the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) “2011 California Housing Market Forecast” released today
Most Renters Live in Unaffordable Housing, New Census Data Show
Washington, DC - October 4, 2010 - (RealEstateRama) -- A majority of U.S. renters lived in unaffordable housing in 2009, according to new data from the 2009 American Community Survey (ACS) released by the Census Bureau on September 28, the result of a continuing rise in rents and a loss of affordable housing on the one hand and a decline in incomes on the other. This trend has hit the lowest income renters the hardest. The data also point to rising demand for renting and away from homeownership, and describe other housing trends
Pending Home Sales Show Another Gain
Washington, DC - October 4, 2010 - (RealEstateRama) -- Pending home sales have increased for the second consecutive month, according to the National Association of Realtors
1Casa Real Estate Agency – Offers Cheap Spanish Properties like Business, Villas and Bar...
Malaga, Spain - October 3 - (RealEstateRama) -- 1Casa real estate agency provides Spanish Property for Sale including Off Plan, Spain Villas, Apartments, business, Coastal and Commercial Properties in Spain. It especially soled property in Malaga and G...
DCA, HMFA Announce Winners of 2010 Excellence in Housing Awards
ATLANTIC CITY, N.J. - September 29, 2010 - (RealEstateRama) -- The New Jersey Department of Community Affairs (DCA) and New Jersey Housing and Mortgage Finance Agency (HMFA) today honored eight organizations with the Excellence in Housing Awards in recognition of their outstanding work in housing development.
STIMULUS, BASE REALIGNMENT, OTHER FEDERAL PROGRAMS DRIVE TOTAL CONSTRUCTION SPENDING UP 0.4 PERCENT TO...
WASHINGTON, D.C. - October 1, 2010 - (RealEstateRama) -- Total construction spending edged up 0.4 percent between July and August to $812 billion, driven by increases in public construction activity including stimulus and base realignment projects, according to an analysis of new Census Bureau data released today by the Associated General Contractors of America. Association officials cautioned, however, that private residential and nonresidential spending both continued to shrink as private-sector demand for construction remains extremely weak.
Inlanta Mortgage Adds Vice President of Technology and Marketing
Waukesha, WI - September 30, 2010 - (RealEstateRama) -- Inlanta Mortgage is pleased to announce the promotion of Chris Knowlton to Vice President of Technology and Marketing. Chris has been with Inlanta Mortgage since June of 1997. Chris will continue to direct and manage the computer and information technology side along with overseeing and developing marketing plans and internet marketing use
Mortgage Refinance Applications Decrease Despite Decline in Rates in Latest MBA Weekly Survey
WASHINGTON, D.C. - September 29, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending September 24, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 0.8 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 1.0 percent compared with the previous week.
Vacation Rentals Growing as Option for Business Travelers and Vacation Home Owners Seeing Increase...
AUSTIN, TX - September 28, 2010 - (RealEstateRama) -- While vacation rentals have long been popular among families and groups traveling together, HomeAway®, Inc. – the world’s leading online vacation rental marketplace – finds in its latest “HomeAway Vacation Rental Marketplace Report” the appeal of vacation rentals to business travelers also continues to grow in popularity.
EastGroup Properties Announces Third Quarter 2010 Conference Call and Webcast
Jackson, MS - September 28, 2010 - (RealEstateRama) -- EastGroup Properties (NYSE-EGP) announced today that it will hold its Third Quarter Conference Call and webcast on Friday, October 22, 2010 at 11:00 A.M. Eastern Daylight Time. On the call, David Hoster, President and CEO, and Keith McKey, CFO, will review the third quarter results and discuss EastGroup's current operations
Massachusetts Home Sales Down in August for Second Month in a Row as Median...
WALTHAM, MA - September 28, 2010 - (RealEstateRama) -- The Massachusetts Association of REALTORS® (MAR) reported today that single-family home sales in August went down for the second month in a row compared to the year before. Single-family year-over-year median prices went up for the 10th straight month as condominium median prices crossed the $300,000 threshold for the first time since MAR has been tracking median prices.
Federal Housing Finance Agency Reports Mortgage Interest Rates
Washington, DC - September 28, 2010 - (RealEstateRama) -- The Federal Housing Finance Agency today reported that the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders, used as an index in some ARM contracts, was 4.65 percent based on loans closed in August. This is a decrease of 0.13 percent from the previous month.
Housing Tax Incentives Benefit Younger Households the Most, According to Recent NAHB Research
WASHINGTON, D.C. - September 28, 2010 - (RealEstateRama) -- New research from the National Association of Home Builders (NAHB) reveals that the benefits of housing-related tax deductions, such as the mortgage interest deduction, generally decline in value as individuals age.Using Internal Revenue Service Statistics of Income (SOI) data, NAHB was able to report for the first time how various tax deductions are used by different age groups. The analysis demonstrates that the biggest beneficiaries are younger households, who typically have large mortgages, small amounts of equity in their homes and growing families.
Top Economists to Discuss State of the Economy in Press Briefing on Tuesday, September...
WASHINGTON, D.C. - September 27, 2010 - (RealEstateRama) -- Chief economists from the American Petroleum Institute (API), the National Association of Manufacturers (NAM) and the National Association of Home Builders (NAHB) will address the state of the U.S. economy based on their respective industries. The economists will be available to answer questions. API Chief Economist John Felmy will provide an overview of the current state of the economy and discuss U.S. gasoline and diesel fuel demand and their implications. API represents the oil and natural gas industry, which supplies a majority of America’s energy, supports more than 9.2 million U.S. jobs and comprises 7.5 percent of the U.S. economy.
More consumers seeking rental housing options despite the normal seasonal downtrend
NORFOLK, VA - September 24, 2010 - (RealEstateRama) -- With a year-over-year 65 percent increase in traffic to the ForRent.com family of sites in August 2010, it is evident consumers are still actively seeking rental options despite the seasonal downtrend at this time. This finding supports the August 2010 quarterly survey conducted by the National Multi-Housing Council (NMHC), which identified a shift in consumer mentality toward short-term rental agreements and away from long-term mortgage debt.
First-Time Home Buyers Stoke Demand for Smaller, Less Expensive Homes
WASHINGTON, D.C. - September 24, 2010 - (RealEstateRama) -- A growing segment of the housing market, first-time home buyers are contributing to an increase in demand for smaller and less expensive new homes, according to research from economists at the National Association of Home Builders (NAHB).Delving into data from the most recent biennial American Housing Survey, which was conducted by the Department of Housing and Urban Development and the Census Bureau in 2009, the study, "Characteristics of New and First-Time Home Buyers," finds that 41 percent of the 8.4 million households who bought a home between 2007 and 2009 were first-time buyers
New York State housing market sales rise slightly in August; still below year-ago mark
Albany, NY - September 23, 2010 - (RealEstateRama) -- Statewide sales of existing single-family homes in New York State increased in August from July by 3.7 percent, but remained 30-percent below the August 2009 total, according to the preliminary single-family sales data accumulated by the New York State Association of REALTORS.
Fannie Mae Announces New Incentives for HomePath Properties
WASHINGTON, DC - September 23, 2010 - (RealEstateRama) -- Fannie Mae (FNMA/OTC) today announced a seller assistance incentive on Fannie Mae-owned properties listed on the company's REO website, www.HomePath.com, and expands the initiative to offer an incentive to real estate agents and brokers. Qualified homebuyers who will be owner-occupants can receive up to 3.5 percent of the final sales price that can be used toward closing cost assistance, including a home warranty, if desired and available. In addition, selling agents representing owner-occupants will receive a $1,500 bonus. Eligible offers must be submitted on or after September 23, 2010, and must close by December 31, 2010. The sale must close within 60 days of the offer being accepted.
Florida’s Existing Home, Condo Sales Up in August 2010
ORLANDO, FL - September 23, 2010 - (RealEstateRama) -- Sales of existing homes in Florida rose 1 percent in August, with a total of 13,997 homes sold statewide compared to 13,908 homes sold in August 2009, according to the latest housing data released by Florida Realtors®. Statewide existing home sales in August increased 3 percent over statewide sales activity in July.Ten of Florida’s metropolitan statistical areas (MSAs) reported higher existing home sales last month, while 13 MSAs posted increased existing condo sales. Florida’s median sales price for existing homes last month was $134,000; a year ago, it was $146,500 for a decrease of 9 percent. The median is the midpoint; half the homes sold for more, half for less
Illinois Home Sales in August Improve from July Year-to-Date Sales Up 9.2 Percent Statewide,...
SPRINGFIELD, IL - September 23, 2010 - (RealEstateRama) -- Illinois home sales made gains in August from the previous month as buyer affordability conditions soared; slower activity is anticipated due to seasonal factors and fewer buyers in the immediate pipeline following the tax credit. According to the Illinois Association of REALTORS® latest report, statewide total home sales (which include single-family and condominiums) in August 2010 totaled 8,390, an increase of 2.6 percent from July’s 8,181 home sales; year-over-year home sales are down 21.9 percent compared to August 2009 sales of 10,740 homes. Year-to-date sales remain positive, up 9.2 percent January through August 2010 with 73,598 sales compared to 67,390 home sales for the same period in 2009.
Fixed-Rate Mortgages Unchanged While ARMs Are Mixed
McLean, VA - September 23, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®). The 30-year fixed-rate mortgage rate and the 15-year fixed-rate were unchanged; shorter-term rates were mixed.
MBA Analysis: Commercial and Multifamily Mortgage Debt Outstanding Declined $52 Billion or 1.6 Percent...
Washington, DC - September 23, 2010 - (RealEstateRama) -- The level of commercial/multifamily mortgage debt outstanding decreased in the second quarter, to $3.24 trillion, according to the Mortgage Bankers Association’s (MBA) analysis of the Federal Reserve Board Flow of Funds data.Declines were driven by drops in commercial and multifamily mortgages held in CMBS and loans held by banks and thrifts
Existing-Home Sales Move Up in August
Washington, DC - September 23, 2010 - (RealEstateRama) -- Existing-home sales rose in August following a big correction in July, according to the National Association of Realtors
August sales and price report
LOS ANGELES, CA - September 22, 2010 - (RealEstateRama) -- California home sales edged up 1.8 percent from July, but were down 14.9 percent from August 2009, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today. The statewide median home price also increased 1.2 percent from July and was up 8.6 percent from a year ago.
Total Housing Starts Rise for Fourth Straight Month in August, CBIA Announces
SACRAMENTO, CA - September 22, 2010 - (RealEstateRama) -- Total housing production in California continued to rise for the fourth month in a row in August even as single-family production posted the lowest monthly total since February 2009, the California Building Industry Association announced today.
Mortgage Applications Decrease in Latest MBA Weekly Survey
WASHINGTON, D.C. - September 22, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending September 17, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 1.4 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 22.9 percent compared with the previous week, which included the Labor Day holiday
Countdown To Buy Launches Private Label Solution Powered By Its Innovative Online Real Estate...
BETHEL, CT - September 20, 2010 - (RealEstateRama) -- Countdown To Buy, a next generation online real estate marketplace whose goal is to offer the fairest and most effective solutions to buy and sell properties, announced today it has launched “powered by Countdown To Buy”, a private label solution featuring the Company’s innovative online offer management and negotiation platform. Being “powered by Countdown To Buy” enables institutions and real estate companies to leverage their existing brand, while taking advantage of the benefits offered by Countdown To Buy’s trusted platform and hosted solutions.
No Big Changes in Mortgage Rates Tracked By Freddie Mac
McLean, VA - September 16, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®). While the 30-year fixed-rate mortgage rate rose, the 15-year fixed-rate dipped slightly; shorter-term rates fell.