NAR: Pending-home sales down 1 percent in March
A flat pattern in home sales activity should continue for the next couple months before improving over the summer, according to the latest forecast by the National Association of REALTORS.

The Pending Home Sales Index (PHSI), a forward-looking indicator based on contracts signed in March, edged down 1.0 percen.... Read More

HUD extends RESPA reform comment period
Inman News (05/08/08) Carter, Matt

While officials at HUD are bent on finalizing a rule for RESPA reform before President Bush's term ends, they have agreed to give the public an extra 30 days to comment on the White House proposal to overhaul the Real Estate Settlement Procedures Act. A total of 1.... Read More

Fannie Mae wins cheers despite loss
New York Times (05/07/08) P. C1; Duhigg, Charles

Not only did Fannie Mae announce a $2.2 billion quarterly loss and a dividend reduction this week, it cautioned of potentially bigger losses in the months to come. Investors, though, continued to bid up the government-sponsored enterprise's stock on the b.... Read More

Green building saves money
Affordable Housing Finance (04/08) Anderson, Bendix

Nationwide, the first generation of green affordable housing developments finished over the last five years are receiving high marks for their energy savings. Developers and investors report utility cost savings of 20 percent to 40 percent to both owne.... Read More

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