Real Estate

FHA Moves to Include On-Time Rental Payments for First-Time Buyers

NAR Daily News Magazine - September 28, 2022 - 1:00am

“If you’re regularly paying your rent on time, that’s a good indication you will also pay your mortgage on time,” says the Federal Housing commissioner.

Categories: Real Estate

NAR: ‘Decade-High Rates Deeply Cut Into Contract Signings’

NAR Daily News Magazine - September 28, 2022 - 1:00am

Pending home sales are posting annual losses in the double-digits as home buyers continue to back away from the market due to surging mortgage rates.

Categories: Real Estate

Mortgage Rates Jump Even Higher After Fed Hike

NAR Daily News Magazine - September 22, 2022 - 1:00am

The monthly mortgage payment on a $400,000 loan is about $2,470 compared to $1,660 a year ago, according to NAR.

Categories: Real Estate

NAR Helps White House Brainstorm Inventory Solutions

NAR Daily News Magazine - September 22, 2022 - 1:00am

Leslie Rouda Smith, the association’s president, joins administration officials and other housing leaders to discuss a comprehensive plan to address shortages.

Categories: Real Estate

Existing-Home Sales Slip Again, Yun Blames Mortgage Rates

NAR Daily News Magazine - September 21, 2022 - 1:00am

Still, homeowners are faring well, with property prices surging despite a pullback in buyer demand, says NAR’s chief economist.

Categories: Real Estate

Housing Starts Rebound, Builders Aim to Win Buyers Back

NAR Daily News Magazine - September 21, 2022 - 1:00am

Despite an unexpected jump in new construction in September, demand for new homes is falling due to high prices and mortgage rates. Builders are lowering their asks to boost buyer traffic.

Categories: Real Estate

NAR Mentorship Program Helps Agents Discover New Niches

NAR Daily News Magazine - September 16, 2022 - 1:00am

NAR Spire pairs real estate pros in underserved areas with experienced practitioners to help them find new business opportunities.

Categories: Real Estate

Mortgage Rates Top 6% for First Time Since 2008

NAR Daily News Magazine - September 16, 2022 - 1:00am

Monthly mortgage payments are 60% higher than a year ago, according to NAR. Buyers can save by shopping around for different types of loans.

Categories: Real Estate

REALTORS® Are Donating More Money, Time to Charity

NAR Daily News Magazine - September 15, 2022 - 1:00am

Real estate professionals are deepening their involvement in giving back to the communities, according to a new NAR report.

Categories: Real Estate

12 Tech Startups Vying for Glory in the Real Estate Space

NAR Daily News Magazine - September 14, 2022 - 1:00am

At NAR’s iOi Summit this month, the annual Pitch Battle will aim to identify the next great innovation to help your business flourish.

Categories: Real Estate

Experts: Buyers Should Shop Around for a Mortgage as Rates Rise

NAR Daily News Magazine - September 8, 2022 - 1:00am

Borrowers stand to save thousands by gathering multiple quotes from lenders.

Categories: Real Estate

Background, Credit Checks Are Fertile Ground for Lawsuits

NAR Daily News Magazine - September 7, 2022 - 1:00am

Property managers and other real estate professionals must follow these steps to stay in compliance with federal and state consumer data regulations.

Categories: Real Estate

Mortgage Rates Rise Again, Nearing Affordability Threshold

NAR Daily News Magazine - September 1, 2022 - 1:00am

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

Categories: Real Estate

10 REALTORS® You Should Want to Emulate

NAR Daily News Magazine - September 1, 2022 - 1:00am

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

Categories: Real Estate

FSBOs Usually Soar in a Hot Market. Not This Time

NAR Daily News Magazine - August 30, 2022 - 1:00am

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.

Categories: Real Estate

REALTORS® Rush Aid to Kentucky, Missouri Flood Victims

NAR Daily News Magazine - August 29, 2022 - 1:00am

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

Categories: Real Estate

Economist: Mortgage Rates Hurt Buyers More Than Home Prices

NAR Daily News Magazine - August 25, 2022 - 1:00am

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.

Categories: Real Estate

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

NAR Daily News Magazine - August 25, 2022 - 1:00am

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.

Categories: Real Estate

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

NAR Daily News Magazine - August 24, 2022 - 1:00am

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.

Categories: Real Estate

New-Home Sales Plummet as Rising Costs Sideline More Buyers

NAR Daily News Magazine - August 23, 2022 - 1:00am

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

Categories: Real Estate