National News

Miami homes named most at-risk for storm surge in 2020

A new report from CoreLogic warns of increased hurricane risk this season, compounded by coronavirus-related weaknesses.

Pending home sales took a deep dive in April, but NAR upgrades its forecast

NAR’s chief economist says April’s decline could be the lowest point in the market, and that he expects it to bounce back soon.

Mortgage applications are up, consumer confidence stabilizes

Encouraging new data shows that buyers are coming back and consumers are feeling more confident, though concerns about job stability and possible inflation remain.

Despite pandemic, new homes are selling

Data shows sales of new construction single-family homes rose slightly in April while price growth continues, albeit slowly.

Hispanic homeownership reached historic highs before COVID-19. What now?

=During a pandemic that appears to be impacting the Latino community disproportionately hard, will the singular gains of this community be sustained?

Existing-home sales drop 17.8% in April, but first-timers are coming back

Coronavirus lockdowns disrupted sales in April, but the data shows an increase in new homebuyers.

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.

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