National News
The National Association of Realtors (NAR) released a letter Tuesday asking Congress to make three critical changes to the tax reform bill. NAR President Elizabeth Mendenhall calls upon Congressional leaders to “retain current law on the capital gains exclusion for the
While homeownership continues to be a key part of the American Dream, minorities in the United States lag behind the rest of the country in homeownership rates. According to a new report from ABODO Apartments, a national apartment listing
Real estate tech company Compass announced it received a $450 million investment from Japanese company SoftBank Vision Fund on Dec. 7. This investment stands as the largest real estate technology investment in U.S. history and brings the total capital
The Related Group recently launched sales of Harbour Beach Cancun (HBC), its luxury condominium development in the highly popular oceanfront city of Cancún, at a special event held in Chicago on Nov. 7. HBC marks Related’s fourth development in Mexico, and
Congress approved a short-term extension for the National Flood Insurance Program (NFIP), which was included in a temporary federal government funding deal made Thursday. The extension ensures the program will operate as normal through Dec. 22. Its future, though, remains
First-time homebuyers have an easier entry into the market as the year winds down because of a market sector that is having best quarter since 2000 — despite low housing inventory — largely due to historically low mortgage rates,
Inventory, the Achilles’ heel of the 2017 housing market, is expected to loosen up in 2018, providing relief for buyers who were edged out of the market this year, according to the realtor.com 2018 Housing Forecast. The report expects
Guaranteed Rate has added two new members to its senior executive team, appointing Steve Moffat as chief marketing officer and Brendan Noonan as chief brand officer. “Steve and Brendan both have a depth of experience driving the growth, visibility
New research from Zillow shows that mortgage payments today are consuming a smaller percentage of the average homeowner’s income than they did historically. The typical homeowner saves roughly $3,3oo annually on mortgage payments, compared to how much it would
Buying or selling a piece of property is a huge milestone in anyone’s lives — one that typically involves one of two payment options: taking out a mortgage loan or, less common, purchasing outright with cash. However, there’s a
Construction spending in the U.S. rose 1.4 percent in October, increasing across all significant building categories and marking the strongest boost in five months. The Commerce Department said the October increase in U.S. construction spending represents the third consecutive
The U.S. Senate on Dec. 2 passed its version of the Tax Cuts and Jobs Act, spurring the National Association of Realtors and the National Association of Home Builders to weigh the bill’s effects on the housing industry. Both
The new year is just around the corner, and with it brings new leadership for the Mainstreet Organization of Realtors (MORe), which has hired John Gormley to lead the organization as CEO. Gormley previously was the CEO of the
The U.S. housing market experienced a 1.7 percent drop in demand from September to October this year, according to the latest Redfin Demand Index, which is calculated by measuring home tour requests and writing offers of thousands of Redfin customers.
October’s pending home sales rebounded slightly after a three-month decline, according to the latest report from the National Association of Realtors. The Pending Home Sales Index rose 3.5 percent from 105.6 in September to 109.3 in October. This is
Sellers no longer have to search far and wide for services that will spruce up their homes for showings. Redfin recently launched a concierge-style service that will prepare homes from top to bottom. So far, the service has been rolled