Associations

COVID and a booming housing market have fueled a record number of Realtors
COVID and a booming housing market have fueled a record number of Realtors

The COVID pandemic has caused a shakeup in where, and how, many people work. That has helped propel a thriving housing market.

Florida Realtors: It’s a great time to be a real estate agent
Florida Realtors: It’s a great time to be a real estate agent

It’s a seller’s market with single-family home sales, statewide in April, closing 33,264 homes and condo-townhouse sales totaling 17,330. Those year-over-year increases were 55.4% for single-family homes and 130.9% for condos.

NAR: Existing-home sales slide 2.7% in April on short supply
NAR: Existing-home sales slide 2.7% in April on short supply

Existing-home sales slid for the third month in a row in April, declining 2.7% from March to a seasonally adjusted annual rate of 5.85 million, according to the National Association of Realtors.

Regulations add almost $94K to new home prices
Regulations add almost $94K to new home prices

A recent NAHB survey shows that regulatory costs imposed by the government account for $93,870 (or 23.8%) of the current price of new homes.

NAHB: Builder confidence stays strong in May despite concerns about materials costs
NAHB: Builder confidence stays strong in May despite concerns about materials costs

Builder confidence was steady in May, carrying over April’s reading of 83 for another month, according to the most recent National Association of Home Builders/Wells Fargo Housing Market Index.

Gen X and millennials want home gyms. Boomers? Not so much.
Gen X and millennials want home gyms. Boomers? Not so much.

Whether they’re still weary of going to a gym full of people or just looking to work off those extra pandemic pounds in privacy, homebuyers are increasingly prioritizing home exercise rooms.

Mortgage applications dip as rate increases in latest MBA survey
Mortgage applications dip as rate increases in latest MBA survey

“This is a sign that the competitive purchase market, driven by low housing inventory and high demand, is pushing prices higher and weighing down on activity.” — Mortgage Bankers Association Associate Vice President of Economic and Industry Forecasting Joel Kan

Miami spring market most competitive in years
Miami spring market most competitive in years

With the lowest level of inventory in nearly 40 years, the 2021 spring market has homebuyers facing a level of competition not seen in a generation.

How does credit scoring impact fair lending and minority home ownership?
How does credit scoring impact fair lending and minority home ownership?

“A credit report and credit score are the gateway to a mortgage,” — NAR President Charlie Oppler.

Who made up the National Association of Home Builders in 2020?
Who made up the National Association of Home Builders in 2020?

The National Association of Home Builders published the results of its Special Study for Housing Economics, highlighting the 2020 annual census of who makes up its members.

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