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National News

Purchase applications up 13% in Florida

Economists with the Mortgage Bankers Association predict mortgage rates will remain low for the next couple of years, though there is at least one scenario under which they could rise more quickly.

Builder confidence up after April drop; signs of rebound emerge

Builders are feeling more confident this month, a sign that the new-home market may have already hit bottom.

Redfin: Over half of big-city dwellers working from home want out

More than half of those working remotely said they would leave the city if they didn’t have to go into an office.

The worst is over, says NAR Chief Economist Lawrence Yun

Speaking at NAR’s recent Residential Economic Issues and Trends forum, NAR’s Lawrence Yun said economic recovery is around the corner.

Despite industry objections, qualified mortgage patch still expected to expire

Though NAR has urged the Consumer Financial Protection Bureau to extend the rule, the agency’s director would only agree to take into account disruptions related to the COVID-19 pandemic in managing the transition.

Top Agent Network files antitrust lawsuit against NAR

California-based broker platform Top Agent Network has sued NAR over the pocket listing rule that went into effect this month.

Rahm Emanuel and Chris Christie offer political predictions to Realtors

In a virtual version of NAR’s annual political forum, the former mayor and former governor dished on the upcoming election and the political ramifications of the local and national responses to the COVID-19 crisis.

Amid dire jobs report, one real estate company is bringing back employees

The unemployment rate officially hit a level not seen since the Great Depression, but one industry CEO sees reason for optimism.

NAR survey: Buyers want home offices, yards and larger residences

The National Association of Realtors’ weekly flash survey numbers are in and appear to support anecdotal data showing buyer preference changing in response to the COVID-19 crisis. The survey, conducted from May 3-4, shows that 13% of NAR members

Fear of selling driven by economy, COVID-19 concerns

Fannie Mae’s latest survey finds that, while many more Americans say it’s a bad time to jump into the housing market, they’re more worried about the overall economy than they are about the security of real estate investments overall.

New listings fall as pandemic concerns keep sellers on the sidelines

A new report offering the first full month of data showing the impact of the COVID-19 pandemic on residential real estate shows that sellers are taking a wait-and-see approach.

New report predicts home prices will continue to rise in 2020

CoreLogic’s March Home Price Index report reveals initial effects of the economic fallout from the COVID-19 pandemic while forecasting slight price growth.

Luxury sellers are hitting the pause button amid economic concerns

Real estate listings are down across the country, but luxury listings are disappearing.

Surveys show buyers, sellers and landlords are adjusting to a new normal

Fewer buyers were delaying their home search by the end of April, according to NAR surveys.

Consumer confidence marks largest drop ever, though long-term view still positive

The numbers are starting to pour in, and they’re certainly not pretty, but a hopeful public looks ahead to brighter days.

What the ‘stickiness’ of home prices means for your clients

A new report by First American Financial Corporation shows housing “may be better positioned than many believe” for recovery.

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