Author Archives: defaultresearch

While construction of single family properties is on the decline, the pace of new construction of multi-family units, primarily apartment buildings and townhouses, has picked up dramatically. In February, 2011, the number of multifamily construction projects was up 78% over January’s number, on pace for 183,000 units. To put that 183,000 figure into perspective, in [...]

The latest release of the Housing Scorecard, the Obama administration’s analysis of the current housing market, was released recently. The Housing Scorecard confirms what many already suspect – that while the market has a long way to go before it returns to health, the market is improving, and housing is still affordable. Housing Affordability Near-record [...]

The biggest economic downturn since the Great Depression caused millions of Americans to clamp down on spending and carefully consider whether expenses were necessary before spending money. Americans now seem to believe that their jobs, their homes and their prospects for the future have improved enough to open their wallets and begin spending again. Employment [...]

Two categories of homeowners are opening their collective wallets and spending money on repairs and renovations – those who have gotten great deals on foreclosure properties and long-term homeowners who have opted to fix the home they have instead of purchasing a different one. As the economic recovery picks up steam, this trend is expected [...]

With home foreclosures around the country up the last few years, there are a lot of people who are suffering, and losing their homes. But there are also some who are gaining, especially those who handle the paperwork involved in a foreclosure. Lender Processing Services (LPS) is one of those companies that have been reaping [...]

Across the country, there is a trend in home prices stabilizing. This comes as good news for both buyers and sellers. Right now, it also seems like it is also an ideal time for people to purchase a home. And it is, if you can actually qualify. Following the mortgage meltdown, the stakes have changed, [...]

If you are trying to work with people who are stressed out about selling their home, it can really put a strain on the process. And, in this tough economic time, there are plenty of reasons for homeowners to be stressed out about selling their home. No matter what the reason for the stressed out [...]

Back in the 1990s, the commercial real estate market was hit hard. There was too much overbuilding and it left many unoccupied office spaces sitting without anyone to call them home. Fast forward to today and we are in a similar atmosphere. Only this time it is not so much from overbuilding as it is [...]

Just a couple of years ago, those businesses that wanted to set up a temporary shop were pretty much left scraping the bottom of the barrel. They got the leftovers in malls and shopping centers, simply because permanent businesses took up the prime locations. But tough economic times have changed the commercial real estate market, [...]

Bank of America has announced that it will no longer be working with mortgage brokers for loans. Thus far, it have allowed mortgage brokers to originate loans, but believe, like others in the lending industry, that loans originated in-house end up having a higher performance rate. The move comes as a result of complaints and [...]