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Northwest Indiana Housing Market Shows Continued Signs of Growth

PORTAGE, IN - May 31, 2012 - (RealEstateRama) -- According to the latest housing data compiled by RE/MAX of Indiana, Northwest Indiana’s real estate market continued to show moderate growth during the first four months of the year. Eight percent more...

Mortgage Rates Drop to New Survey Lows

WASHINGTON, D.C. - May 30, 2012 - (RealEstateRama) -- Mortgage applications decreased 1.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 25, 2012. This week’s results do not include an adjustment for early closings on Friday before the Memorial Day holiday.

RE/MAX Hot Air Balloon to Visit Locke Elementary in Chicago Neighborhood of Montclare on...

CHICAGO, IL - May 30, 2012 - (RealEstateRama) -- The RE/MAX Hot Air Balloon will pay a visit to Josephine Locke Elementary School, 2828 N. Oak Park Ave. in the Montclare neighborhood of Chicago on June 1 when the balloon crew will present an interactive educational program developed and sponsored by the RE/MAX metro Chicago real estate network

Federal Housing Finance Agency Reports Mortgage Interest Rates

Washington, DC - May 29, 2012 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) 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 3.93 percent based on loans closed in April. Beginning in March, FHFA is calculating interest rates using un-weighted survey data. There was an increase of 0.03 percent from the previous month.

New-Home Sales Rise 3.3 Percent in April

WASHINGTON, D.C. - May 23, 2012 - (RealEstateRama) -- Sales of newly built, single-family homes rose 3.3 percent in April to a seasonally adjusted annual rate of 343,000 units, according to newly released data from HUD and the U.S. Census Bureau.

RE/MAX Brokers Report Medical Providers Have Stepped Up Purchasing and Leasing

CHICAGO, IL - May 23, 2012 - (RealEstateRama) -- As the commercial real estate market slowly recovers throughout Chicago and its suburbs, a pair of top brokers with the RE/MAX Northern Illinois real estate network pointed to one class of commercial buildings that are drawing increased attention throughout the region: medical office buildings, urgent care centers, hospital expansions and other forms of healthcare real estate

Record Low Mortgage Rates Fuel Third Consecutive Increase In Refinance Applications In Latest MBA...

WASHINGTON, D.C. - May 23, 2012 - (RealEstateRama) -- Mortgage applications increased 3.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 18, 2012.

California pending home sales down after robust March; tight housing supply persists

LOS ANGELES, CA - May 21, 2012 - (RealEstateRama) -- After posting a strong performance in March, California pending home sales slipped in April, but were higher than a year earlier for the twelfth consecutive month, the CALIFORNIA ASSOCIATION OF REALT...

April home sales in Illinois up 15.7% from a year ago; median prices stable...

SPRINGFIELD, IL - May 21, 2012 - (RealEstateRama) -- Illinois home sales had their strongest showing in two years and statewide median prices remained steady for the second straight month, April data released by the Illinois Association of REALTORS® s...

Spring home buying season off to strong start, home sales and price post impressive...

LOS ANGELES, CA - May 21, 2012 - (RealEstateRama) -- California home sales and median price both jumped in April, with sales shooting up to their highest level in more than two years, and the median price rising above $300,000 for the first time in 16 ...

Colliers International Completes $2.1 Million Sale of a U.S. Post Office Property in Inglewood,...

Los Angeles, CA - May 18, 2012 - (RealEstateRama) -- Colliers International, the third largest global real estate services organization, has completed the $2.1 million sale of a 12,221-square-foot U.S. Post Office facility located at 811 N. La Brea in ...

California housing affordability continues to rise in the first quarter of 2012

LOS ANGELES, CA - May 17, 2012 - (RealEstateRama) -- Housing affordability in California set a new record high in first quarter 2012 rising to 56 percent, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today. The increase can be attributed ...

Nationwide Housing Affordability Reaches New Record High

WASHINGTON, D.C. - May 17, 2012 - (RealEstateRama) -- Nationwide housing affordability hit a new record high for a second consecutive quarter in the first three months of this year, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI), released today. Yet tight lending conditions continue to pose a major obstacle to many prospective home buyers

Q1 2012 Commercial/Multifamily Mortgage Originations Up 36 Percent from Q1 2011

Washington, DC - May 16, 2012 - (RealEstateRama) -- First quarter 2012 commercial and multifamily mortgage loan originations were 36 percent higher than during the same period last year and 12 percent lower than the fourth quarter of 2011, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. The decrease from fourth quarter 2011 reflects the industry’s usual push to finalize deals before the end of the year, and subsequent drop-offs in first quarter numbers.

Delinquencies Decline in Latest MBA Mortgage Delinquency Survey

WASHINGTON, D.C. - May 16, 2012 - (RealEstateRama) -- The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 7.40 percent of all loans outstanding as of the end of the first quarter of 2012, a decrease of 18 basis points from the fourth quarter of 2011, and a decrease of 92 basis points from one year ago, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey. The non-seasonally adjusted delinquency rate decreased 121 basis points to 6.94 percent this quarter from 8.15 percent last quarter.

Refinance Applications Increase in Latest MBA Weekly Survey

WASHINGTON, D.C. - May 16, 2012 - (RealEstateRama) -- Mortgage applications increased 9.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 11, 2012

April Housing Starts Rise 2.6 Percent From Upwardly Revised Rate

WASHINGTON, D.C. - May 16, 2012 - (RealEstateRama) -- Nationwide housing production gained 2.6 percent from an upwardly revised pace in March to hit a seasonally adjusted annual rate of 717,000 units in April, according to newly released figures from the U.S. Census Bureau and HUD. This modest gain was seen in both the single- and multifamily sectors, which registered growth of 2.3 percent and 3.2 percent, respectively.

RE/MAX Reports Rising Sales, Stabilizing Home Prices Were Hallmarks of April Activity

CHICAGO, IL - May 16, 2012 - (RealEstateRama) -- April home sales activity in the metropolitan Chicago real estate market was characterized by rising sales and firmer home prices, according to an analysis by RE/MAX. Combined sales of attached and detached homes in the seven-county metro market totaled 6,771 units in April, which compares to 6,501 units sold in the previous month and 5,713 in April 2011. These represent increases of 4.2 percent and 18.5 percent respectively.

Recent Transactions 05 07 2012

Phoenix, AZ - May 15, 2012 - (RealEstateRama) - David Cravath and Rob Downing negotiated the sale of a 60,402 SF multi-family property for the seller, Realty Partners Charter, LLC. The property is located at 1220 N. 44th Street in Phoenix. Linda Gerc...

South Carolina REALTORS® Release April Market Numbers

COLUMBIA, S.C. - May 15, 2012 - (RealEstateRama) -- South Carolina REALTORS® (SCR) today released its April Statewide Market Reports. New Listings in South Carolina decreased 6.2 percent to 8,863. Pending Sales were up 18.1 percent to 5,243. Inventory...