National News
The “Profile of Real Estate Firms” is among the most interesting annual surveys from the National Association of Realtors. Conducted among its executive members, the profile offers an in-depth look at the higher echelons of the industry, as well
Eighty percent of U.S. metro areas are lacking in single-family home construction, and few areas are in greater need than Miami, according to a new analysis from the National Association of Realtors. Comparing home construction to job gains from
For some time now, agents and analysts alike have wondered why so few Millennials are buying homes, but new Census data has provided a remarkably straightforward answer – they’re all living at home with their parents. Compiled by Time magazine,
The National Association of Home Builders wants to organize its membership to help pass 15 of what it describes as “critical” building code changes. In its release, the association wrote: “NAHB is urging its members to get involved locally
Both economic and personal concerns are stopping renters from buying homes, according to the latest Housing Opportunities and Market Experience (HOME) survey from NAR. Conducted on a quarterly basis, the HOME survey polled Americans about their confidence in the
In Jan. 2005, Alan Reynolds, a senior fellow at the Cato Institute, said that it would be “financially foolhardy” to listen to “housing bubble worrywarts.” A few months later, Jude Wanniski, a former adviser to President Ronald Reagan, authored
The American public views the real estate industry more positively than at any time in the last decade, according to new research from Gallup. Based on its annual polling of public sentiment, Gallup found that 44 percent of Americans
When TRID came into effect in Oct. 2015, the big fear was a consumer-facing one. “TRID is going to delay loan closings,” the industry said. But it hasn’t – at least not for the majority. In Ellie Mae’s most
In use for more than 25 years and the preferred credit scoring system for 90 percent of top lenders, the FICO Score has long been the dominant metric of creditworthiness for auto lending, credit card decisioning and, of course,
Last year, one in five homebuyers purchased a property sight unseen. According to a new survey from Redfin, that number is holding true this year, as well. This may be a trend agents should follow. Crissy Dyer is a
The Home Affordable Refinance Program will not expire at the end of this year, as previously thought. The Federal Housing Finance Agency says it will continue through Sept. 2017. FHFA’s announcement comes alongside news that Fannie Mae and Freddie
Many buyers want their homes to be outfitted with smart technology, but most homes don’t have it, according to a consumer survey from The Demand Institute. It’s an opportunity for sellers. Seventy-three percent of consumers agreed that having home automation
July marked the second highest reading in over a decade for pending home sales, with the Midwest being the only area to see a decline in contract activity during the month. The Pending home Sales Index (PHSI), which tracks the
In 2015, homebuyers’ biggest concern was affordability. This year it’s an even bigger concern. Twenty-eight percent of buyers cite “affordability” as their No. 1 concern in purchasing a home, according to a new Redfin survey – a 1.4 percentage point
The Miami housing market continued its strong pace in the most recent Case-Shiller Home Price Indices, which covered home prices through June. Per S&P’s computations, home prices in Miami rose 0.7 percent from May to June and 5.7 percent from June
There aren’t enough homes, and that’s a problem in multiple markets. But it might not be for too much longer. “As most real estate professionals know, housing costs are still climbing,” National Association of Realtors Chief Economist Lawrence Yun wrote
