Each Friday we share with you the must-read, real estate news of the week. We’ve got everything you need to know to stay on top of breaking industry news and trends.
Grab your coffee and get reading!
“U.S. Housing Starts Jump 9.3%, To Highest In Year”
Builders broke ground in November on the most houses in over a year, led by a three-year high on work in multifamily units, a sign the market is stabilizing heading into 2012. Starts increased 9.3 percent to a 685,000 annual rate, exceeding the highest estimate of economists surveyed by Bloomberg News and the highest level since April 2010, Commerce Department figures showed today in Washington. Building permits, a proxy for future construction, also climbed to a more than one- year high. Continue reading . . .
“Rise In Home Building Suggests Industry Turnaround”
A surge in apartment construction gave home builders more work in November. And permits, a gauge of future construction, rose largely because of a jump in apartment permits. Some analysts say the gains, though coming off extremely low levels, suggest the depressed housing industry may have reached a turning point. Continue reading . . .
“The Secret Life Of A Mortgage Application”
Applying for a mortgage loan can leave even the savviest consumers scratching their heads in confusion. To lift the veil of mystery around the mortgage-approval process, MSN Real Estate peeked behind the scenes at an application’s five-step journey with a lender. They also learned three tips for helping to speed your client’s application toward approval and five ways to improve an application if the loan is rejected. Continue reading . . .