National News

Biden moves to reverse Trump housing policy

The order directs the U.S. Department of Housing and Urban Development to reexamine Trump Administration changes to Obama-era fair housing rules.

DACA members now eligible for FHA loans

CBC Mortgage Agency, a nationally chartered finance agency, applauded the decision, noting in a press release that 85% of individuals in the DACA program are Hispanic and account for over a third of CBCMA borrowers.

RE/MAX: Home sales up 22%

It was the 5th best month of the year and outperformed most of 2019.

Guaranteed Rate acquires Stearns Holdings, LLC

The acquisition enables Guaranteed Rate to bolster retail loan origination while also developing new multichannel capabilities.

Big news in real estate in 2020 — check out our top national stories of the year

We took a look back this year at the most widely read stories of the year. Here are the national stories that caught your attention in 2020.

NAHB: Expect more home construction in 2021

The gap between sales and construction reached a record high in 2020, which likely means a slowing down in sales and growth in construction in 2021, according to a year-end report by the National Association of Home Builders.

NAR summit predicts economic rebound, growth in housing prices in 2021

A panel of experts surveyed by the National Association of Realtors predicted that 2021 will bring a post-pandemic economic rebound, while housing prices are expected to climb.

Job growth pace gets ‘coronavirus correction’

With winter upon us and coronavirus cases exploding, the latest jobs report marks five straight months of declining job growth.

High home prices and low inventory likely to persist in 2021

Homebuyers are likely to face higher prices and a continuing inventory crunch in 2021, First American Chief Economist Mark Fleming has predicted.

Loan limit boost of 7.4% good for Miami buyers

This means homebuyers will be able to borrow up to the new level without triggering higher interest rates.

New house flipping show enables viewers to invest while watching

New Instagram video show American Dreamhouse emerges from the intersection of the popularity of fix-and-flip shows, interior design and audience interest in finding novel ways to generate extra income.

Is 2020 really the year of the suburb?

2020 has seen much speculation that COVID-19 is driving households away from cities to lower density places in the suburbs. RCLCO looks at whether 2020 is indeed the year of the suburbs.

NAR reaches agreement with Department of Justice

The complaint, filed by the Department of Justice on Nov. 19, alleges that the organization’s practices and policies are anti-competitive.

Housing starts up, but will it last?

A new report has good news for housing construction, but will it hold through next year?

Realogy Franchise Group names new president and CEO

She will oversee the franchise operations of Better Homes and Gardens Real Estate, CENTURY 21 and ERA. Yannaccone also will lead the company’s efforts in the franchise and owned operations of Sotheby’s International Realty and Corcoran.

NAR board OKs hate speech rule

Realtors who use harassing or hate speech could face fines by the National Association of Realtors, according to a proposal approved by the NAR Board of Directors at its 2020 Realtors Conference & Expo.

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