Real Estate

Mortgage Rates Rise Again, Nearing Affordability Threshold

Nar Daily News Magazine - Thu, 2022-09-01 01:00

If borrowing costs get just a little higher, the average household may be blocked from homeownership, warns an NAR economist.

10 REALTORS® You Should Want to Emulate

Nar Daily News Magazine - Thu, 2022-09-01 01:00

How this year’s finalists for NAR’s Good Neighbor Awards have accomplished extraordinary feats to improve their communities through volunteerism.

FSBOs Usually Soar in a Hot Market. Not This Time

Nar Daily News Magazine - Tue, 2022-08-30 01:00

Housing volatility is pushing more sellers to work with real estate pros rather than go it alone. Here’s how to capitalize on higher interest in your real estate services.

REALTORS® Rush Aid to Kentucky, Missouri Flood Victims

Nar Daily News Magazine - Mon, 2022-08-29 01:00

The REALTORS® Relief Foundation has given $1 million to help with emergency housing needs during the cleanup.

Economist: Mortgage Rates Hurt Buyers More Than Home Prices

Nar Daily News Magazine - Thu, 2022-08-25 01:00

As the average for a 30-year loan rises again, an NAR researcher says higher borrowing costs have triple the impact on monthly mortgage payments.

Survey: 94% of Sellers Don’t Disclose Property Defects

Nar Daily News Magazine - Thu, 2022-08-25 01:00

They admit hiding a known issue with the home, which is against the law in most states. These are the 13 most common problems buyers find after closing a transaction.

NAR: Contract Signings, Down Again, May Have Hit Bottom

Nar Daily News Magazine - Wed, 2022-08-24 01:00

Pending home sales in July dropped nearly 20% year over year as the housing market continues to slow. But a turnaround is in sight, says Lawrence Yun.

New-Home Sales Plummet as Rising Costs Sideline More Buyers

Nar Daily News Magazine - Tue, 2022-08-23 01:00

In another sign of a reversal of fortune for homebuilders, new-home sales in July tumbled to their slowest pace in six years.

Homes Haven’t Been This Unaffordable Since 1989

Nar Daily News Magazine - Mon, 2022-08-22 01:00

Housing affordability hit a 33-year low in June, according to NAR data. But an increase in inventory and stabilizing mortgage rates may stem the tide.

Mortgage Rates Settle In the 5% Range

Nar Daily News Magazine - Thu, 2022-08-18 01:00

As inflation appears to have peaked, borrowing costs are starting to stabilize.

Experts: Changes to Supply Chain Will Benefit Commercial Real Estate

Nar Daily News Magazine - Thu, 2022-08-18 01:00

U.S. companies are looking to bring operations home from overseas, which will open new opportunities for commercial brokers, speakers at NAR’s C5 Summit say.

Latest Home Sales Data Points to ‘Housing Recession’

Nar Daily News Magazine - Thu, 2022-08-18 01:00

While prices continue to rise, existing-home sales fell in July for the sixth consecutive month and are down dramatically from a year ago, according to NAR’s latest housing report.

Builders Concerned About Sudden Pullback in New-Home Market

Nar Daily News Magazine - Tue, 2022-08-16 01:00

One in five reported reducing their prices in the past month to increase sales and limit contract cancellations. But a better outlook may be on the horizon, says NAR Chief Economist Lawrence Yun.

What Climate, Health Care Bill Doesn’t Do

Nar Daily News Magazine - Mon, 2022-08-15 01:00

Inflation Reduction Act leaves out tax measures that would have derailed real estate investment.

10 Most Affordable Lake Towns

Nar Daily News Magazine - Mon, 2022-08-15 01:00

Water views for less than $300,000? A realtor.com® study identifies where buyers can snag waterfront property at an affordable price.

Mortgage Rates Rocket Back Above 5%, But Market ‘Stabilizing’

Nar Daily News Magazine - Thu, 2022-08-11 01:00

Though weekly changes in borrowing costs are volatile, housing activity is reaching more balanced levels—which is ultimately good for buyers, says Freddie Mac’s chief economist.

Double-Digit Home Price Gains in Q2 Erode Affordability Even More

Nar Daily News Magazine - Thu, 2022-08-11 01:00

“Home prices have increased at a pace that far exceeds wage gains, especially for low- and middle-income workers,” says NAR Chief Economist Lawrence Yun.

Yun: Slowing Inflation Suggests Mortgage Rates Have Topped Out

Nar Daily News Magazine - Thu, 2022-08-11 01:00

NAR’s chief economist shares what now needs to happen to bring down borrowing costs and increase affordability for home buyers.

WCR Grants Aim to Inspire More Women Real Estate Leaders

Nar Daily News Magazine - Mon, 2022-08-08 01:00

While women make up more than 60% of the real estate profession, they do not hold nearly that same level of representation in industry leadership roles.

Mortgage Rates Dip Below 5%; Buyers Get ‘A Second-Chance Opportunity’

Nar Daily News Magazine - Thu, 2022-08-04 01:00

The average monthly mortgage payment has fallen 12% reduction in just two months as high borrowing costs moderate, says NAR Chief Economist.