The Real Estate Roundtable, a group of leaders representing real estate businesses and trade associations, published a release urging lawmakers to take a pro-growth approach to tax reform that considers the commercial real estate (CRE) sector's role in the larger economy. In a letter, the group says a restructuring of taxes should recognize "commercial real estate's vast economic contributions" and include "transition rules" to minimize disruptions to real estate.
Read More »NAHB Improving Markets Index Grows to 274
The National Association of Home Builders' (NAHB) Improving Markets Index (IMI) showed no signs of slowing down in March.
Read More »Zillow: Home Values Up 5.8% in February
Zillow's Home Value Index registered a national value of $158,100 last month, which represents a slight 0.1 percent increase from January.
Read More »Why Are Some Markets Less Impacted by Low Rates?
Pro Teck recently examined the effect of the Federal Reserve's commitment to keep interest rates low on home prices, which have historically increased during such programs.
Read More »Mortgage Rates Turn Down Amid Eurozone Woes
After spiking last week, mortgage rates took a dive this week as tension broke out in Europe over the financial crisis in the island country of Cyprus.
Read More »Quicken to Acquire Last of Ally’s Servicing Rights
Ally Bank has reached an agreement with Quicken Loans to sell the last of its remaining mortgage servicing rights (MSRs) portfolio.
Read More »Existing Home Sales, Prices Up in February
Existing-home sales rose 0.8 percent in February to 4.98 million, the National Association of Realtors reported Thursday. Economists had expected the sales pace to climb to 5.01 million from January├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós originally reported 4.92 million. January sales were revised up to 4.94 million.
Read More »Trulia: Gap Closing Between Cost of Buying vs. Renting
Data from Trulia shows that once all costs are factored, buying a home is 44 percent cheaper than renting at this point.
Read More »Freddie Mac Sues Dozens over Rate-Rigging Losses
The story of the London Interbank Offered Rate (Libor) scandal added another chapter in March as Freddie Mac brought suit against Barclays, Bank of America, Citibank, and several other institutions for investment losses related to alleged rate-rigging practices.
Read More »FOMC Continues Interest Rate, Investment Policies
With an upbeat assessment of the economy, the Federal Open Market Committee (FOMC) voted 11-1 Wednesday to leave interest rates unchanged and to continue its program of purchasing agency mortgage-backed securities (MBS) and longer-term Treasury securities to "maintain downward pressure on longer-term interest rates, support mortgage markets, and help to make broader financial conditions more accommodative." Kansas City Fed President Esther George, who opposed a similar action in January, cast the lone dissenting vote.
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