National News

Why millennials need agents

A new survey finds millennials feel their lack of knowledge on homeownership and mortgage lending is preventing them from buying homes. 

Keeping it in the family

You can’t clock out in the real estate business, any more than you can clock out from being part of a family. But what if family and business were inseparable?

Why prestigious properties can be a tough sell

Perhaps contrary to popular belief, the unique homes built by architect Frank Lloyd Wright tend to remain available on the market for several years at a time.

Keller Williams and Offerpad will join forces

The new arrangement will allow consumers to work with a Keller Williams agent, who will be required to obtain certification to allow them to submit cash offers through the Keller Offers program.

Why a recession could be near and what it means for housing

There are significant differences in the makeup of the housing market and larger economy in 2019 as compared to 2008, when the last recession began.

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.

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