Monthly Archive:: April 2012

Homeownership Rate

The homeownership rate declined further in the latest data, with 65.5% of households owning their homes in the first quarter of 2012. At the peak, 69.4% were homeowners. Though a 5% decline may not sound too large to a...

Personal Income

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 personal income data....

Distressed Sales Were At 29 Percent Of Market

Distressed sales go through several stages – the initial overdue status for mortgage payments, the actual foreclosure by the financial institution, and the final sale of the property, frequently by Realtors® through the MLS. Measured at the MLS sales...

GDP Growth

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 GDP growth....

FICO Scores and Mortgages

A number of Realtors® responding to the Realtors® Confidence Index March Survey indicated continued tight credit conditions:  in a number of cases prospective home buyers had difficulty in qualifying for a loan.  A comparison of FICO scores for loan...