Existing-Home Sales Recede 2.0% in August
Existing-Home Sales Recede 2.0% in August In August 2021, each of the four major U.S. regions experienced declines on both a month-over-month and a year-over-year perspective. Media Contact: Quintin Simmons 202-383-1178
NAR Congratulates the Bipartisan Policy Center for Launching the J. Ronald Terwilliger Center for Housing Policy
NAR Congratulates the Bipartisan Policy Center NAR looks forward to collaborating with Ron and the Bipartisan Policy Center to ensure every American is afforded access to homeownership. Media Contact: Tori Syrek
Window to the Law: Housing Vouchers and Fair Housing
Recent lawsuits alleging source of income discrimination for rejecting Section 8 tenants illustrate the importance of understanding and complying with state and local fair housing laws in addition to the federal Fair Housing Act. These best practices can help guide real estate professionals in this area. www.nar.realtor – Fair Housing
Metro Area Wealth Gains as of 2021 Q2: Typical Gain of $349,000 Over 30 Years
Homeownership is a key pathway to building wealth and narrowing the racial income and wealth inequality gap. Housing wealth (equity) accumulation takes time, and is built up by price appreciation and paying off the mortgage. www.nar.realtor – Research
Student Loan Debt Holding Back Majority of Millennials from Homeownership
Student Loan Debt Is Curbing Millennial Homeownership Americans with high student debt often must choose between retirement investment, buying a home, getting married, starting a family, or saving money. Media Contact: Tori Syrek
Mortgage Rates Start Stronger But Moved Higher During The Day
Posted To: Mortgage Rate Watch Mortgage rates began the day with promise. Actually, it was the underlying bond market (which largely dictates mortgage rates) was sending promising signals by apparently building on the bigger improvements seen on Tuesday. This is exactly what mortgage lenders needed in order to feel comfortable setting rates at even lower […]
Homebuilders’ Local Opportunity Index
National Association of REALTORS® has created the Homebuilders’ Local Opportunity Index (HLOI), which measures both short-term and long-term opportunities for homebuilders at the local level, with the purpose of identifying the areas where homebuilders can build more homes with less risk for their business. www.nar.realtor – Research
Huge Forbearance Decline; Rate Reckoning; Lenders’ Profit Outlook
With interest rates expected to rise and most homeowners who could benefit from refinancing having done so, mortgage bankers are not expecting the sometimes record profits of the last year or so to continue. Fannie Mae’s third quarter Mortgage Lender Sentiment Survey (MLSS) found just short of a majority of respondents expecting their profit margins […]
NAR Comments on HUD’s Interim Final AFFH Rule
NAR submitted a comment on HUD’s interim final rule, Restoring Affirmatively Furthering Fair Housing Definitions and Certifications. www.nar.realtor – Fair Housing