The agency says “unscrupulous companies bait homeowners.” It’s taking comments on new proposed rules that make sure homeowners have the ability to repay.
FHFA cancels loan fees slated to become effective in August. Based on feedback, it says implementation is “challenging.” NAR calls it a good decision.
Aggressive rate increases have hurt the housing market, says NAR’s chief economist. “Inflation will not reignite (and will be) closer to 3% by the year’s end,” he says.
April prices increased 0.4% month-to-month, up from 0.1% in March. Inflation has clearly peaked, but rising items' costs still outweigh the ones going down.
While most social media apps work at all price levels, a Chicago agent says Real Messenger, 1060 and Ri.la have properties that appeal to luxury clients.
NAR: Commercial performance will vary from metro to metro, and tighter lending now adds a new challenge. But net absorption has been mostly positive nationwide.
Home prices continue to rise in most (70%) of the U.S., and are up notably year-to-year in the 7% of markets that saw double-digit gains.
FHA Commissioner Gordon told Realtors that a recent 30-basis point insurance reduction makes FHA loans cheaper, including its 203(k) rehab option and ADUs.
A real estate influencer has lots of followers and can steer industry conversations. By joining in, you gain respect and can attract more potential leads.
For today’s homebuyers, 1 out of 3 potential listings is new construction. Historically, new homes only make up 1 out of 10 for-sale listings.
