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August 21, 2021 Residential Real Estate No Comments

How Brokers Can Prioritize Diversity, Equity, and Inclusion

Dave and Anne Jones are building a brokerage that champions diverse voices and aims for increased homeownership rates among underrepresented populations. www.nar.realtor – Fair Housing

August 18, 2021 Residential Real Estate No Comments

Window to the Law: Best Practices for Buyer Love Letters

Buyers competing in a hot real estate market might try to stand out from the crowd by sending a “love letter” to the seller. Real estate professionals can use these best practices to help both buyers and sellers avoid potential fair housing violations that love letters can trigger. www.nar.realtor – Fair Housing

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August 14, 2021 Residential Real Estate No Comments

94% of Metro Areas Saw Double-Digit Price Growth in Second Quarter of 2021

94% of Metro Areas Saw Double-Digit Price Growth in Q2 Low housing inventory and record-low mortgage rates caused an increase in median sales prices for existing single-family homes during Q2 2021. Media Contact: Quintin Simmons 202-383-1178

August 12, 2021 Residential Real Estate No Comments

Instant Reaction: Consumer Price Index, August 11, 2021

Inflation continued to rise quickly in July. Over the last 12 months the inflation rate rose 5.4%, the same annual rate as in June. www.nar.realtor – Research

August 11, 2021 Residential Real Estate No Comments

Average of Nearly $5,000 Paid Out to Renters Applying for Assistance Under the $25B Emergency Rental Assistance Package

To prevent widespread evictions, the federal government provided $ 46.55 billion in emergency rental assistance (ERA) to eligible renter households through the Consolidated Appropriations Act of 2021 ($ 25 billion) and American Rescue Plan Act ($ 21.55 billion). www.nar.realtor – Research

August 8, 2021 Residential Real Estate No Comments

Rates at 3-Week Highs, More Volatility Ahead

Rates were excellent at the beginning of the week, but that began to change on Wednesday. We were already well on our way to 3-week highs on Thursday, and Friday made it official. Notably, these 3-week highs are still historically low. Friday’s main source of drama was the strong jobs report from the Labor Department. […]

August 7, 2021 Residential Real Estate No Comments

Underwater Homes Drying Up; Forbearances Decline; 3-Week Mortgage Rate Highs

Thanks to rising home prices. hardly any homeowners find themselves underwater on their mortgages and the few that do are concentrated in a few cities and towns. In fact, ATTOM says that more than one-third of mortgaged homes in the country are considered “equity rich” with a combined loan-to-value (CLTV) ratio below 50 percent. The […]

August 5, 2021 Residential Real Estate No Comments

4 Ways Brokers Can Become Fair Housing Leaders

For brokers who wish to go beyond compliance and embrace advocacy, a host of new fair housing groups, experiences, and courses are available. www.nar.realtor – Fair Housing

August 4, 2021 Residential Real Estate No Comments

Outlying Counties of Metro Areas Show Stronger Housing Conditions Than in Central Counties

Home listings data from Realtor.com as of June 2021 indicates that housing demand in outlying counties of metropolitan areas is growing at a more robust pace than in the central counties, although both outlying and central counties are performing remarkably well compared to pre-pandemic conditions. www.nar.realtor – Research

August 2, 2021 Residential Real Estate No Comments

Refinancing Numbers Responded Quickly to Adverse Fee Removal

In its latest Mortgage Monitor, Black Knight analyzes the impact the elimination of the 50 basis point adverse market fee from the cost of Fannie Mae and Freddie Mac (the GSEs) refinances. The Federal Housing Finance Agency (FHFA) removed the fee, originally scheduled to go into effect on September 1, 2020 to cover some of […]