National News

New policies to expand access to federally backed mortgages

Two new policies in the works have the potential to reshape the way homebuyers access credit through programs backed by the U.S. government.

For buyers and sellers with kids, time is of the essence

Families with young children looking to sell a home put a premium on quick transactions. Nearly half of this group said it was important to close the sale “somewhat urgently” and “within a reasonable timeframe,” whereas only 37 percent of sellers without children said the same.

Low rates boost mortgage industry but spook financial markets

Wall Street has found itself increasingly on edge in recent weeks, but strangely, that may be breathing fresh life into the mortgage lending industry.

The nation’s most popular ZIP codes in 2019

Realtor.com’s “hotness index” reveals that movers are looking for an active lifestyle, quieter neighborhoods and homes that are affordable but also within close proximity to city cores.

Consumer confidence on housing hits all-time high

Fannie Mae’s Home Purchase Sentiment Index for July rose to its highest reading in nine years.

Most popular cities and states for millennials

Times are changing and so are the cities of choice for young adults. Are you up on the latest hot spots for first-time buyers?

NAHB: Labor shortages peak, but builders remain optimistic

The long-running shortage of workers in the homebuilding trades hasn’t dented business confidence as much as expected.

Is your listing right for auction?

Real estate auctions can be very helpful for the right property, in the right situation. Use this simple checklist to determine if it’s a good move for you and your client.

Federal Reserve approves first rate cut in 11 years

The cut will likely lower the interest rates that consumers and businesses pay on many types of debt, including mortgages. But since financial analysts had been expecting the Fed to reduce rates for some time now, the rate cut is effectively priced into some products like the 30-year fixed-rate mortgage and savings account yields.

With new funding round, Compass may soon go public

An initial public offering of Compass stock is expected within the next 24 months, according to at least one tech source. As some of the more traditional brokerage models struggle, does this move matter for agents?

Pending home sales finally grow year-over-year in June

The National Association of Realtors’ Pending Home Sales Index broke a 17-month streak of year-over-year declines to log an annual increase in June. Last month also marked the second month in a row in which nationwide pending home sales grew, a fresh sign that homebuyers are finally emboldened by falling interest rates.

Economists: Recession likely in 2020 but housing won’t tank

A poll of more than 100 real estate economists and experts finds half of the respondents think a recession will begin in 2020. Learn about their reasons for such assertions and predictions for the housing market overall in the next few years.

Down payment assistance gains favor with buyers

As housing costs have continued to grow faster than the average buyer’s income, more are tapping into resources that can lower the substantial up-front costs of purchasing a home. But that could bring some major changes and a degree of uncertainty to the housing market.

Expert advice for families moving to a new neighborhood

What do kids need in a new home? Experts in family studies, psychology and household finance provide insight on some key elements that real estate agents’ clients should consider if they are searching for property with a family in mind.

What do agents actually think about their income?

Ninety-nine percent of agents told researchers they are proud of what they do. But just 21 percent said they would recommend the career to others.

Despite uncertainty, June new-home sales grow over last year

While sales of existing homes continue to underwhelm, housing market analysts are feeling more optimistic about new construction. The Census Bureau reported new-home sales in June came 7 percent above the revised sales pace for May, and 4.5 percent above the estimate for June 2018. The report did come with caveats, however.

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