NAR Daily Real Estate News

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

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.

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.

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.

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

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.

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

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.

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.

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.

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

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

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.

“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.

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

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.

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

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.

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

Record-high home prices, declining consumer confidence and fears of recession are taking their toll on aspiring homeowners.