FHA Moves to Include On-Time Rental Payments for First-Time Buyers
“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.
NAR: ‘Decade-High Rates Deeply Cut Into Contract Signings’
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.
Mortgage Rates Jump Even Higher After Fed Hike
The monthly mortgage payment on a $400,000 loan is about $2,470 compared to $1,660 a year ago, according to NAR.
NAR Helps White House Brainstorm Inventory Solutions
Leslie Rouda Smith, the association’s president, joins administration officials and other housing leaders to discuss a comprehensive plan to address shortages.
Existing-Home Sales Slip Again, Yun Blames Mortgage Rates
Still, homeowners are faring well, with property prices surging despite a pullback in buyer demand, says NAR’s chief economist.
Housing Starts Rebound, Builders Aim to Win Buyers Back
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.
NAR Mentorship Program Helps Agents Discover New Niches
NAR Spire pairs real estate pros in underserved areas with experienced practitioners to help them find new business opportunities.
Mortgage Rates Top 6% for First Time Since 2008
Monthly mortgage payments are 60% higher than a year ago, according to NAR. Buyers can save by shopping around for different types of loans.
REALTORS® Are Donating More Money, Time to Charity
Real estate professionals are deepening their involvement in giving back to the communities, according to a new NAR report.
12 Tech Startups Vying for Glory in the Real Estate Space
At NAR’s iOi Summit this month, the annual Pitch Battle will aim to identify the next great innovation to help your business flourish.
Experts: Buyers Should Shop Around for a Mortgage as Rates Rise
Borrowers stand to save thousands by gathering multiple quotes from lenders.
Background, Credit Checks Are Fertile Ground for Lawsuits
Property managers and other real estate professionals must follow these steps to stay in compliance with federal and state consumer data regulations.
Mortgage Rates Rise Again, Nearing Affordability Threshold
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
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
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
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
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
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
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
In another sign of a reversal of fortune for homebuilders, new-home sales in July tumbled to their slowest pace in six years.