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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

Homes Haven’t Been This Unaffordable Since 1989

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

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.

Categories: Real Estate

Mortgage Rates Settle In the 5% Range

NAR Daily News Magazine - August 18, 2022 - 1:00am

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

Categories: Real Estate

Experts: Changes to Supply Chain Will Benefit Commercial Real Estate

NAR Daily News Magazine - August 18, 2022 - 1:00am

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.

Categories: Real Estate

Latest Home Sales Data Points to ‘Housing Recession’

NAR Daily News Magazine - August 18, 2022 - 1:00am

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.

Categories: Real Estate

Builders Concerned About Sudden Pullback in New-Home Market

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

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.

Categories: Real Estate

What Climate, Health Care Bill Doesn’t Do

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

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

Categories: Real Estate

10 Most Affordable Lake Towns

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

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

Categories: Real Estate

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

NAR Daily News Magazine - August 11, 2022 - 1:00am

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.

Categories: Real Estate

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

NAR Daily News Magazine - August 11, 2022 - 1:00am

“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.

Categories: Real Estate

Yun: Slowing Inflation Suggests Mortgage Rates Have Topped Out

NAR Daily News Magazine - August 11, 2022 - 1:00am

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

Categories: Real Estate

WCR Grants Aim to Inspire More Women Real Estate Leaders

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

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.

Categories: Real Estate

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

NAR Daily News Magazine - August 4, 2022 - 1:00am

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

Categories: Real Estate

Yun: Possible Economic Downturn Likely to Be Mild

NAR Daily News Magazine - August 2, 2022 - 1:00am

A contracting economy typically means a recession, but other economic indicators are likely to mitigate the effects of the slowing economy, says NAR’s chief economist.

Categories: Real Estate

NAR’s REACH Labs Makes First Multi-Association Alliance

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

REALTOR® associations and an MLS band together in the Chicago area to bring more tech innovation to its members.

Categories: Real Estate