They admit hiding a known issue with the home, which is against the law in most states. These are the 13 most common problems buyers find after closing a transaction. Continue reading….
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NAR: Contract Signings, Down Again, May Have Hit Bottom
Pending home sales in July dropped nearly 20% year over year as the housing market continues to slow. But a turnaround is in sight, says Lawrence Yun. Continue reading….
Homes Haven’t Been This Unaffordable Since 1989
Housing affordability hit a 33-year low in June, according to NAR data. But an increase in inventory and stabilizing mortgage rates may stem the tide. Continue reading….
New-Home Sales Plummet as Rising Costs Sideline More Buyers
In another sign of a reversal of fortune for homebuilders, new-home sales in July tumbled to their slowest pace in six years. Continue reading….
Mortgage Rates Settle In the 5% Range
As inflation appears to have peaked, borrowing costs are starting to stabilize. Continue reading….
Experts: Changes to Supply Chain Will Benefit Commercial Real Estate
U.S. companies are looking to bring operations home from overseas, which will open new opportunities for commercial brokers, speakers at NAR’s C5 Summit say. Continue reading….
Latest Home Sales Data Points to ‘Housing Recession’
While prices continue to rise, existing-home sales fell in July for the sixth consecutive month and are down dramatically from a year ago, according to NAR’s latest housing report. Continue reading….
Builders Concerned About Sudden Pullback in New-Home Market
One in five reported reducing their prices in the past month to increase sales and limit contract cancellations. But a better outlook may be on the horizon, says NAR Chief Economist Lawrence Yun. Continue reading….
What Climate, Health Care Bill Doesn’t Do
Inflation Reduction Act leaves out tax measures that would have derailed real estate investment. Continue reading….
Mortgage Rates Rocket Back Above 5%, But Market ‘Stabilizing’
Though weekly changes in borrowing costs are volatile, housing activity is reaching more balanced levels—which is ultimately good for buyers, says Freddie Mac’s chief economist. Continue reading….