National News

NAHB pushes expanded relief to address housing priorities

In a letter sent to Congress, the National Association of Home Builders recently called for an expansion of the Paycheck Protection Program, rental assistance and other measures to rebuild the economy through support for the housing industry.

New guide helps community associations navigate reopening during COVID-19

The Community Associations Institute has released detailed safety guidelines for homeowner associations grappling with how to reopen amidst pandemic concerns.

It’s a seller’s market, according to HomeLight report

Nearly half of all agents reported that their business was growing in June.

Is real estate recovering? Most Realtors say yes

Nearly a third of NAR members told the association they’re prepared for a second wave of the novel coronavirus.

Unemployment fell in June, but coronavirus setbacks in some states may slow rebound

The Bureau of Labor Statistics reports a drop in unemployment claims in June, as the country added nearly five million jobs. But economists warn a rebound in coronavirus cases could result in another labor shock.

More COVID-19 fallout: declining affordability

If household income growth slows and house prices continue to rise, even today’s record-low mortgage rates may not keep homes in an affordable range, according to a new report.

New construction sales rose 16.6% in May amid improving builder sentiment

Despite record-breaking unemployment, sales of newly built single-family homes rose in May, as builders rushed to meet pent-up demand and flight to suburbs.

Sales fell again in May; strong rebound around the corner, says NAR

While existing-home sales were down again, the National Association of Realtors predicts a post-lockdown boom that will surpass 2019 sales figures.

Call it the coronavirus effect: Young adults are moving back home

Roughly 2.7 million U.S. adults moved in with a parent or grandparent in March and April as the coronavirus pandemic spread, potentially costing landlords hundreds of millions of dollars in monthly rent payments and casting doubt on the future of young workers in particular.

Lenders predict ‘near term strength’ for the housing market

May applications for new home purchases were up 26% from April, pointing to a recovery that’s already underway.

Permits, builder sentiment indicate turning point for the market

In a sign of continued forward momentum, single-family permits posted an 11.9% gain in May, while builder sentiment jumped 21 points in June.

Pride Month kicks off with landmark decision and new video series

It’s time to celebrate Pride Month and the recent U.S. Supreme Court decision for workplace equality. What better way than to meet some members of the LGBTQ community at RE/MAX?

Survey finds COVID-19 has disproportionate impact on minority housing options

A higher percentage of black and Hispanic individuals say their housing has been impacted by COVID-19, according to a new survey.

Chicago home flipping fetches among highest returns in the nation

Nationwide, home flippers saw a 36.7% return on their investment in the first quarter of 2020.

Single-family rent prices post lowest growth rate in 9 years

The latest CoreLogic report reveals the first measurable impact to the single-family rent market, pushing price growth to its lowest rate since the initial recovery of the Great Recession.

Three-quarters of homebuyers and renters change plans due to COVID-19

The survey of 1,500 adults also shows that the inability to tour properties in-person because of COVID-19, was the most common reason (42%) respondents chose not to move.

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