Existing-Home Sales Soar 9.4% to 6.5 Million in September
Existing-Home Sales Soar to 9.4% in September Each of the four major regions experienced both month-over-month and year-over-year growth. Media Contact: Quintin Simmons 202-383-1178
NAR Study Shows Decline in International Home Buyers
A new study from the National Association of REALTORS® found a decline in the number of foreign homebuyers in the U.S. as well as the total sales volume. www.nar.realtor – Real Estate Story Ideas
Fannie Asks Mortgage Execs How to Improve Condo Lending
The most recent Fannie Mae’s Lender Sentiment Survey focuses on the complexities of lending to the condominium market. The company stresses that this type of housing can play an important role in narrowing the supply gap for affordable housing options as well as providing an attractive alternative for homeowners seeking to downsize. However, since the […]
Mortgage Rates Moving Higher
It began last week. It was subtle–so subtle as to pass largely unnoticed. But the gentle drift toward slightly higher rates has taken bigger steps so far this week. As of this afternoon, the average lender is quoting the highest rates since late September! That’s quite a realization when juxtaposed with last week’s (misleading) headlines […]
NAR Partners with Morgan Stanley to Deliver Financial Wellness and Planning Resources to Realtors®
New NAR Partnership with Morgan Stanley Financial planning and investment guidance will be offered through NAR’s Center for REALTOR® Financial Wellness. Media Contact: Wesley Shaw 202-383-1193 Agent Finances
Forbearances Up Slightly After Last Week’s Plunge
Last week Black Knight reported that the beginning of October saw a decline in the number of active forbearance plans of 649,000 or 18 percent as many plans reached the end of their initial period. It was the largest single week decline since the crisis began. This week the number of loans in forbearance edged […]
Second Century Ventures Opens Applications for REACH Australia’s 2021 Class
Applications Open for REACH Australia’s 2021 Class Following the success of its inaugural 2020 class, REACH Australia expects an even higher volume of applicants for the 2021 program. Media Contact: Wesley Shaw 202-383-1193
NAR’s Second Century Ventures Selects Inaugural REACH Canada Class
REACH Canada’s Inaugural Class Selected The award-winning program helps launch and accelerate high growth potential companies associated with the real estate industry. Media Contact: Wesley Shaw 202-383-1193
Pandemic and Recession are Changing the Way People Rent and Buy
Robert Dietz says you can count him as among those who believe the geography of housing demand is being changed by the pandemic and the resulting recession. He also thinks some of the changes will endure beyond the dual crises. Dietz, chief economist of the National Association of Homebuilders (NAHB) says the changes aren’t solely […]
Housing Affordability Weakens in August 2020 as Home Prices Rose Faster than Median Family Incomes
At the national level, housing affordability declined in August 2020 compared to a year ago and fell compared to July. www.nar.realtor – Research