“If you’re regularly paying your rent on time, that’s a good indication you will also pay your mortgage on time,” says the Federal Housing commissioner. Continue reading….
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NAR: ‘Decade-High Rates Deeply Cut Into Contract Signings’
Pending home sales are posting annual losses in the double-digits as home buyers continue to back away from the market due to surging mortgage rates. Continue reading….
Mortgage Rates Jump Even Higher After Fed Hike
The monthly mortgage payment on a $400,000 loan is about $2,470 compared to $1,660 a year ago, according to NAR. Continue reading….
NAR Helps White House Brainstorm Inventory Solutions
Leslie Rouda Smith, the association’s president, joins administration officials and other housing leaders to discuss a comprehensive plan to address shortages. Continue reading….
Existing-Home Sales Slip Again, Yun Blames Mortgage Rates
Still, homeowners are faring well, with property prices surging despite a pullback in buyer demand, says NAR’s chief economist. Continue reading….
Housing Starts Rebound, Builders Aim to Win Buyers Back
Despite an unexpected jump in new construction in September, demand for new homes is falling due to high prices and mortgage rates. Builders are lowering their asks to boost buyer traffic. Continue reading….
NAR Mentorship Program Helps Agents Discover New Niches
NAR Spire pairs real estate pros in underserved areas with experienced practitioners to help them find new business opportunities. Continue reading….
Mortgage Rates Top 6% for First Time Since 2008
Monthly mortgage payments are 60% higher than a year ago, according to NAR. Buyers can save by shopping around for different types of loans. Continue reading….
REALTORS® Are Donating More Money, Time to Charity
Real estate professionals are deepening their involvement in giving back to the communities, according to a new NAR report. Continue reading….
12 Tech Startups Vying for Glory in the Real Estate Space
At NAR’s iOi Summit this month, the annual Pitch Battle will aim to identify the next great innovation to help your business flourish. Continue reading….