Mortgage Rates Rocket Back Above 5%, But Market ‘Stabilizing’
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.
Double-Digit Home Price Gains in Q2 Erode Affordability Even More
“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.
Yun: Slowing Inflation Suggests Mortgage Rates Have Topped Out
NAR’s chief economist shares what now needs to happen to bring down borrowing costs and increase affordability for home buyers.
WCR Grants Aim to Inspire More Women Real Estate Leaders
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.
Mortgage Rates Dip Below 5%; Buyers Get ‘A Second-Chance Opportunity’
The average monthly mortgage payment has fallen 12% reduction in just two months as high borrowing costs moderate, says NAR Chief Economist.
Yun: Possible Economic Downturn Likely to Be Mild
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.
NAR’s REACH Labs Makes First Multi-Association Alliance
REALTOR® associations and an MLS band together in the Chicago area to bring more tech innovation to its members.
Dip in Mortgage Rates Little Consolation to Squeezed Buyers
Record-high home prices, declining consumer confidence and fears of recession are taking their toll on aspiring homeowners.
Real Estate Forecast: Market to Ease Despite High Home Prices
A housing slowdown precipitated by low inventory and rising mortgage rates will open opportunities for some buyers, NAR Chief Economist Lawrence Yun predicts.
2nd Historic Fed Rate Hike Unlikely to ‘Further Damage’ Mortgage Borrowers
The market has mostly priced in current and future Fed actions, so mortgage rates shouldn’t rise dramatically, says NAR Chief Economist Lawrence Yun.
Remote Online Notarization Is One Step Closer
Passage by the House sets the stage for a Senate vote on NAR efforts to bring more real estate transactions into the digital age.
Pending Home Sales Tumble as More Buyers Get Priced Out
Housing affordability is becoming a bigger obstacle in the housing market. Homes were 80% more expensive in June than they were in 2019. Read more.
Could Solving the Housing Shortage Help Close the Racial Gap, Too?
A report highlights housing supply issues and how a multifaceted approach could be key to improving housing equity as well.
Mortgage Rates Rise Ahead of Fed’s Big Announcement
The Federal Reserve is expected to raise its key benchmark rate this coming week. What impact could it have on mortgage rates?
Yun to Lawmakers: Market Won’t Improve Without Action on Supply
The inventory crunch will continue to chip away at affordability and sideline more buyers unless Congress enacts policies to boost housing production, NAR’s chief economist testifies on Capitol Hill.
Existing-Home Prices Hit New Record as Sales Slow
Nearly every region of the country saw a major decline in real estate transactions last month as more buyers are priced out of the market, new NAR data shows.
Single-Family Construction Is Going Soft
Rising costs are dampening buyers’ appetite for new homes, data shows.
Your Vulnerability to a Cyberattack Could Land You in Court
A data breach also may cost you money and ruin your reputation. An NAR attorney helps you build a strong data security plan in the latest “Window to the Law.”
Affordability, Inventory Issues Block Foreign Investors, Too
U.S. home purchases by international buyers are at their lowest level on record, new NAR data shows. But there’s reason to believe in a comeback.
Volatility in Mortgage Rates as Recession Fears Grow
Borrowing costs tick up again as the Federal Reserve’s inflation policy has economists bracing for even higher rates in the future.