Next Week Could be Crazy (Obviously); Fannie/Freddie Report Higher Profits; Forbearances Increasing or Just Reinstating?
Both GSEs reported financial results for the third quarter of 2020 that were significantly higher than both their Q2 2020 and their 2019 numbers . Fannie Mae’s net and its comprehensive incomes were $ 4.2 billion and Freddie Mac’s net and comprehensive incomes came in at $ 2.5 billion and $ 2.4 billion, respectively. Fannie […]
Realtors® Prepare to “Reset, Refocus, and Get Reinvigorated” During First-Ever Virtual Realtors® Conference & Expo
First-Ever Virtual REALTORS® Conference & Expo The virtual conference opens on Monday, November 2 to REALTORS® around the world. Media Contact: Troy Green 202-383-1042
First-time Buyer Share Declines to 31% in September 2020 But Still Hits 2 Million
Amid more intense buyer competition, rising prices, and higher credit qualifications, the share of first-time buyers continued to decline to 31% in September. www.nar.realtor – Research
Mortgage Rates Mostly Flat Despite Stronger Bond Market
Posted To: Mortgage Rate Watch Mortgage rates are mostly determined by the trading levels of mortgage-backed bonds on the open market. When those bonds improve, mortgage rates move lower, all other things being equal. For a variety of reasons, that typical relationship has been hit and miss on any given day since the pandemic began. […]
2018 Resort & Second-Home Market Issues
An update on current resort and second-home market issues provided by NAR’s Advocacy Group. www.nar.realtor – Vacation, Resort, and Second Homes
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