National News

Fannie, Freddie will not update credit score models in 2018

The Federal Housing Finance Agency (FHFA), which acts as the chief regulatory authority for government-sponsored mortgage finance firms Fannie Mae and Freddie Mac, announced it was no longer pursuing an effort to update the credit scoring models used to

Existing-home sales down in June despite inventory gains

Existing-home sales fell in June for the third straight month, according to the latest report from the National Association of Realtors. Completed transactions on single-family homes, condominiums, townhomes and co-ops fell 0.6 percent to a seasonally adjusted annual rate

NAR-MLS-policy-revises-association-realtors-real-estate-agent-broker
Real Estate News in Brief: NAR supports 21st Century Internet Act, $43 million HUD grant and more

Last week, the National Association of Realtors shared its support for the 21st Century Internet Act introduced by Rep. Mike Coffman. The act seeks to take net neutrality out of the hands of the Federal Communications Commission (FCC) and

Millennials and baby boomers defy assumed market trends

Millennials and baby boomers, the two largest demographic groups in history, are not as predictable as many home developers thought. Urban Land Magazine reports that millennials — people age 37 and younger — are not too crazy about the

Mortgage-free homeownership becomes a popular retirement goal

Alongside travel and leisure, a recent study by Voya Financial identified homeownership as one of the most important goals that people wish to achieve by the time of their retirement, reported HousingWire. In fact, 80 percent said they wish to

How team formation impacts real estate brokerages

About 80 percent of real estate executives agree that teams have facilitated growth in their brokerage’s business over the last five years, according to new research from an Imprev Thought Leader Study. Teams are becoming increasingly popular and encouraged with

Nextdoor teams up with HouseCanary to publish market data

Nextdoor, the social network for neighborhoods, announced Tuesday that they will be joining forces with real estate analytics company HouseCanary to push property valuations and forecasts through the social platform. Agents regularly turn to Nextdoor as a resource for

Single-family housing starts slow in June

Construction activity for single-family homes declined in June, according to the latest monthly report from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. Single-family home starts in June 2018 were at a seasonally adjusted annual

Redfin looks to raise $239 million through stock, debt offerings

Redfin announced this week that it will be looking to raise up to $239 million through a combination of stock and debt offerings. According to a filing made with the U.S. Securities and Exchange Commission, Redfin said that it

US housing data shows signs of market shift

A combination of findings detailed in recent housing market reports in major metropolitan markets, as well as nationally, has some analysts predicting more favorable conditions for buyers in the coming months. Jeff Lazerson, president of MortgageGrader.com and author of

How the residential real estate market has changed over the past decade

The National Association of Realtors analyzed existing home-sale figures for the past ten years, stretching from May 2008 to May 2018. Comparing the analytics from the the month of May across this timeframe, NAR research data specialist Michael Hyman

Real Estate in Brief: How long it takes to build a home, refinancing requests at lowest rate in 17 years and more

The average time it takes to complete a single-family home is about seven and a half months, the same amount of time it took in the previous year, according to the 2017 Survey of Construction from the Census Bureau.

Luxury home market sees significant gains due to upward economic trends

With high-paying job growth and upward stock market trends, the luxury home market has seen significant changes in the first half of 2018, according to realtor.com. Despite luxury home prices rising 4.6 percent for $1 million-plus homes, sales have

The reasons why millennials don’t own a home

Millennials have turned out to be the largest generation in history, but they still make up the smallest percentage of U.S. homeowners among all generations. Although most millennials, those ages 18 to 34, have reached their peak homebuying years,

Jobs report sends positive homebuying signals

Lately, it seems like each monthly report on the U.S. jobs market represents another milestone for the economy. In recent months, the Census Bureau has found the overall employment rate to be at its lowest point since 2000. In

old-baby-boomer-realtor.com-survey-home-buying-preference-single-family-2017
NAR records lowest-ever rate of FSBO sales in 2017

For-sale-by-owner (FSBO) listings tracked by the National Association of Realtors comprised only 8 percent of all home sales in 2017, the lowest rate since NAR began tracking the figure in 1981. FSBO sales as a percentage of all residential

New Subscribe

  • This field is for validation purposes and should be left unchanged.