400,000 Homeowners Enter Final Month in Forbearance
Black Knight estimates that nearly 630,000 forbearance plans, more than one-third of those currently active, are slated for review this month. Of those, 400,000 will have reached the end of their 18 months of forbearance eligibility unless the maximum term is extended again. The end of August saw a significant decline in forbearance numbers as […]
Mortgage Rates Relatively Unharmed, Despite Unexpected Moves in Bonds
It was a busy week for economic data with several reports that were pertinent to the housing market. In addition to being the perennial top dog among economic reports, this Friday’s jobs report was especially important due to its role in the Federal Reserve’s decision-making process. The Fed is widely expected to announce a forthcoming […]
Realtors® Encouraged by White House Plan to Expand Housing Supply
REALTORS® Encouraged by Plan to Expand Housing Supply The administration is working to address the housing supply crisis and prevent expansion of corporate landlords at the expense of homeownership. Media Contact: Wesley Shaw 202-383-1193
Mortgage Rates Drift Up From Recent Lows
Posted To: Mortgage Rate Watch Mortgage rates were unchanged to slightly higher today, depending on the lender. The differences in pricing strategies stem from the timing of changes in the bond market. Mortgage lenders set their rates based on the prices of mortgage-backed securities (MBS), which change constantly throughout the day. Despite those changes, there’s […]
Being the Change in Downtown Durham
Courtney James of Urban Durham build her business and invests in the community of downtown Durham by working with first-time homebuyers of color. www.nar.realtor – Fair Housing
Mayor Lori Lightfoot Joins NAR as It Unveils Redeveloped Chicago Headquarters
NAR Unveils Redeveloped Chicago Headquarters The renovations employed over 150 businesses and added $ 50 million into the economies of the city of Chicago and the state of Illinois. Media Contact: Wesley Shaw 202-383-1193
Housing Affordability and Food Sufficiency
The housing affordability crisis is an issue that has widespread budgetary implications for families. Using publicly available data, a strong connection is made between housing affordability and food insecurity in this report. www.nar.realtor – Research
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
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
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