National News

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.

Here’s what President-elect Joe Biden’s housing plan looks like

With a plan to invest $640 billion over 10 years and vows to end discriminatory and unfair practices in the housing market, including “redlining,” President-elect Joe Biden’s housing policy agenda looks to protect low-income and housing-insecure households.

Homeownership down slightly but not for Millennials

First-time buyers contributed to 31% of September’s home sales due to record-low mortgage rates, according to the report.

Expect fall price gains, but 2021 could see a cooling market

The new S&P CoreLogic Case-Shiller Home Price Index reveals record-breaking August for home sales, up 21% over the 2006 pre-Great Recession high.

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