Sellers' Market Developing According to NAR

The National Association of Realtors® (NAR) said today that a sellers' market is developing in real estate as home sales edge up and home prices continue to rise steadily compared to year-ago levels. Sales in January were up in every region of the country except the West which continues to be plagued by limited inventories. Existing sales of single-family homes, townhomes, condominiums and co-ops, increased 0.4 percent in January to a seasonally adjusted annual rate of 4.92 from a downwardly...

Housing Fundamentals Suggest Solid 2013 Recovery

Fannie Mae's economists said on Thursday that, despite the feeble note on which 2012 ended, the economy has the building blocks, including housing, for strong growth . Housing is now on a sustained growth path as are manufacturing and energy production but, given circumstances in Washington, Doug Duncan, Orawin T. Velz, and Brian Hughes-Cromwick said they see no reason to revise their forecast from January. They said, however, that if their forecast is wrong it will be erring on the side of being...

• Record Drop in Foreclosure Starts, but 90 Day Delinquencies Increase -MBA
• NAHB Calls for Broad Reform of Appraisal System
• Mortgage Rates Bounce Back Moderately From Recent Highs
• Mortgage Settlement Aids 550K Homeowners, Totaling $45 Billion
• MBS MID-DAY: Bond Markets Sideways At Week's Best Levels
• FHA Market Share Continues to Ease, Refinancing at Recent Highs

Micro News

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Today's Comments

	"How about an system of accountability for appraisers? I have had appraisal come in $70K apart within 30 days, and an appraisor who had made over 2 1/2..."
	"Six agencies to agree on one definition? We can use this example as Exhibit A when describing a completely unhinged, runaway, abusive govt."
	"You only have to look at the National Association of Realtors to see the benefits of self-policing. NAR has installed a standard of ethics and duties for..."

Today's Q&A