Lessons learned during hard times often remain even when things get better. The recession lesson for new agents? Hard work and perseverance pay off.
An often-used form of financing for the office market – life insurance companies – has also tightened its purse strings, even as more loans come due.
The board met May 11 during NAR’s legislative meetings in Washington, D.C. Votes focused on the 2024 budget, dues, fair housing training requirements and more.
Demand for rentals decreased a bit even as more units entered the market. As a result, April asking rents rose 0.3% compared to 1.4% in March and 16% one year ago.
Survey: Most would-be buyers (55%) know it’s a really tough market right now, but a majority (54%) still plan to maintain current goals or speed up the buying process.
For many buyers, “Rover will love the fenced-in backyard” can be the difference between continued scrolling or scheduling a showing.
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.
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.
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.
