Real Estate News

FSBOs Usually Soar in a Hot Market. Not This Time

NAR Daily Real Estate News - August 30, 2022 - 1:00am

Housing volatility is pushing more sellers to work with real estate pros rather than go it alone. Here’s how to capitalize on higher interest in your real estate services.

Categories: Real Estate News

REALTORS® Rush Aid to Kentucky, Missouri Flood Victims

NAR Daily Real Estate News - August 29, 2022 - 1:00am

The REALTORS® Relief Foundation has given $1 million to help with emergency housing needs during the cleanup.

Categories: Real Estate News

Economist: Mortgage Rates Hurt Buyers More Than Home Prices

NAR Daily Real Estate News - August 25, 2022 - 1:00am

As the average for a 30-year loan rises again, an NAR researcher says higher borrowing costs have triple the impact on monthly mortgage payments.

Categories: Real Estate News

Survey: 94% of Sellers Don’t Disclose Property Defects

NAR Daily Real Estate News - August 25, 2022 - 1:00am

They admit hiding a known issue with the home, which is against the law in most states. These are the 13 most common problems buyers find after closing a transaction.

Categories: Real Estate News

NAR: Contract Signings, Down Again, May Have Hit Bottom

NAR Daily Real Estate News - August 24, 2022 - 1:00am

Pending home sales in July dropped nearly 20% year over year as the housing market continues to slow. But a turnaround is in sight, says Lawrence Yun.

Categories: Real Estate News

New-Home Sales Plummet as Rising Costs Sideline More Buyers

NAR Daily Real Estate News - August 23, 2022 - 1:00am

In another sign of a reversal of fortune for homebuilders, new-home sales in July tumbled to their slowest pace in six years.

Categories: Real Estate News

Homes Haven’t Been This Unaffordable Since 1989

NAR Daily Real Estate News - August 22, 2022 - 1:00am

Housing affordability hit a 33-year low in June, according to NAR data. But an increase in inventory and stabilizing mortgage rates may stem the tide.

Categories: Real Estate News

Mortgage Rates Settle In the 5% Range

NAR Daily Real Estate News - August 18, 2022 - 1:00am

As inflation appears to have peaked, borrowing costs are starting to stabilize.

Categories: Real Estate News

Experts: Changes to Supply Chain Will Benefit Commercial Real Estate

NAR Daily Real Estate News - August 18, 2022 - 1:00am

U.S. companies are looking to bring operations home from overseas, which will open new opportunities for commercial brokers, speakers at NAR’s C5 Summit say.

Categories: Real Estate News

Latest Home Sales Data Points to ‘Housing Recession’

NAR Daily Real Estate News - August 18, 2022 - 1:00am

While prices continue to rise, existing-home sales fell in July for the sixth consecutive month and are down dramatically from a year ago, according to NAR’s latest housing report.

Categories: Real Estate News

Builders Concerned About Sudden Pullback in New-Home Market

NAR Daily Real Estate News - August 16, 2022 - 1:00am

One in five reported reducing their prices in the past month to increase sales and limit contract cancellations. But a better outlook may be on the horizon, says NAR Chief Economist Lawrence Yun.

Categories: Real Estate News

What Climate, Health Care Bill Doesn’t Do

NAR Daily Real Estate News - August 15, 2022 - 1:00am

Inflation Reduction Act leaves out tax measures that would have derailed real estate investment.

Categories: Real Estate News

10 Most Affordable Lake Towns

NAR Daily Real Estate News - August 15, 2022 - 1:00am

Water views for less than $300,000? A realtor.com® study identifies where buyers can snag waterfront property at an affordable price.

Categories: Real Estate News

Mortgage Rates Rocket Back Above 5%, But Market ‘Stabilizing’

NAR Daily Real Estate News - August 11, 2022 - 1:00am

Though weekly changes in borrowing costs are volatile, housing activity is reaching more balanced levels—which is ultimately good for buyers, says Freddie Mac’s chief economist.

Categories: Real Estate News

Double-Digit Home Price Gains in Q2 Erode Affordability Even More

NAR Daily Real Estate News - August 11, 2022 - 1:00am

“Home prices have increased at a pace that far exceeds wage gains, especially for low- and middle-income workers,” says NAR Chief Economist Lawrence Yun.

Categories: Real Estate News

Yun: Slowing Inflation Suggests Mortgage Rates Have Topped Out

NAR Daily Real Estate News - August 11, 2022 - 1:00am

NAR’s chief economist shares what now needs to happen to bring down borrowing costs and increase affordability for home buyers.

Categories: Real Estate News

WCR Grants Aim to Inspire More Women Real Estate Leaders

NAR Daily Real Estate News - August 8, 2022 - 1:00am

While women make up more than 60% of the real estate profession, they do not hold nearly that same level of representation in industry leadership roles.

Categories: Real Estate News

Mortgage Rates Dip Below 5%; Buyers Get ‘A Second-Chance Opportunity’

NAR Daily Real Estate News - August 4, 2022 - 1:00am

The average monthly mortgage payment has fallen 12% reduction in just two months as high borrowing costs moderate, says NAR Chief Economist.

Categories: Real Estate News

Yun: Possible Economic Downturn Likely to Be Mild

NAR Daily Real Estate News - August 2, 2022 - 1:00am

A contracting economy typically means a recession, but other economic indicators are likely to mitigate the effects of the slowing economy, says NAR’s chief economist.

Categories: Real Estate News

NAR’s REACH Labs Makes First Multi-Association Alliance

NAR Daily Real Estate News - August 1, 2022 - 1:00am

REALTOR® associations and an MLS band together in the Chicago area to bring more tech innovation to its members.

Categories: Real Estate News