February Existing Home Sales

NAR released a summary of existing home sales data showing that February’s existing home sales improved from last month and a year ago, while fewer homes on the market drive price growth. February’s sales show a fifth consecutive month...

State and Metro Employment in January 2015

A job is virtually guaranteed in Midland (Texas), Lincoln (Nebraska), and Ames (Iowa), where the unemployment rate is under 3 percent. The unemployment rate can be misleading about the health of the local economy at times.  If, for example,...

REALTORS® Confidence Index Survey: February 2015 Survey Highlights

A monthly survey of  REALTORS® about their transactions in February 2015 indicated an improvement in most local markets despite harsher winter conditions. The REALTOR® Confidence Index-Current Conditions, the REALTOR® Confidence Index-Six-Month Outlook, and the Buyer Traffic Index all increased...

Credit Availability: Trends, Issues, and Implications for First Time Home Buyers

Presentation by Dr. Laurie Goodman, Urban Institute REALTOR® University Speaker Series Dr. Goodman presented an analysis of mortgage credit availability, concluding that lending standards have been excessively tight as a result of reactions to credit problems experienced during the...

Lenders Pensive, But Warming to Government Overtures

It has become rarer for banks and lenders to hold the loans they originate.  One factor linked to tight credit is the process where loan investors force lenders to buy back mortgages they sold to the investor.  In this...