National News
MLS freeze strikes agents in Florida, Massachusetts, Indiana, New York, California and elsewhere.
Single-family home permits and completions, meanwhile, also rose, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
Homes where the loan-to-value ratio is 50% or lower — equity-rich homes — are on the rise, which is good news for homeowners.
Meanwhile, July’s home sale prices had their highest increase since November.
Sales in Florida master-planned communities made up 42% of all MPC sales in the first half of 2023.
Set to debut on July 17, “Drive with NAR: The Safety Series” will be hosted by former real estate agent and expert, Tracey Hawkins.
The National Association of REALTORS® has been named in a new lawsuit by Janelle Brevard, the organization’s former chief storyteller. NAR President Kenny Parcell is named multiple times in the complaint.
Price hikes are slowing down and inventory is up — generally — but less expensive homes are bucking larger market trends. According to Zillow, the price of bottom-tier homes increased 8% year over year, while bottom-tier inventory increased just 1%.
According to the NAHB, The New American Home® represents the latest in luxury real estate. It was unveiled at their recent tradeshow.
Guaranteed Rate is adding more support systems and training for loan officers to boost its reverse mortgage program.
This was the fourth week in a row of declines, leaving prospective buyers hopeful for sustained low rates throughout spring homebuying season.
“Latinos are more mortgage ready. Latinos have made strides in income and are more educated in the homebuying process,” said Nidia Fromenta Peguero of Century 21 North East in Danvers, Massachusetts. “They don’t want to rent anymore.”
Vice President of Association Affairs Jennifer Wauhob brings over a decade of experience to her new role with NAR.
Chicago real estate legend Marki Lemons Ryhal has been named the new host of the National Association of REALTORS®’ monthly podcast, “Drive with NAR.” The first episode debuts Feb. 6.
Florida’s home prices rose an average of nearly 20% during 2022, the biggest percentage jump of any U.S. state, a new study revealed.
The Department of Justice must close its reopened antitrust investigation into the National Association of Realtors, a federal judge ruled this week.