Inflation Reduction Act leaves out tax measures that would have derailed real estate investment. Continue reading….
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RSS feed for this sectionYun: Slowing Inflation Suggests Mortgage Rates Have Topped Out
NAR’s chief economist shares what now needs to happen to bring down borrowing costs and increase affordability for home buyers. Continue reading….
Double-Digit Home Price Gains in Q2 Erode Affordability Even More
“Home prices have increased at a pace that far exceeds wage gains, especially for low- and middle-income workers,” says NAR Chief Economist Lawrence Yun. 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….
WCR Grants Aim to Inspire More Women Real Estate Leaders
While women make up more than 60% of the real estate profession, they do not hold nearly that same level of representation in industry leadership roles. Continue reading….
Mortgage Rates Dip Below 5%; Buyers Get ‘A Second-Chance Opportunity’
The average monthly mortgage payment has fallen 12% reduction in just two months as high borrowing costs moderate, says NAR Chief Economist. Continue reading….
Yun: Possible Economic Downturn Likely to Be Mild
A contracting economy typically means a recession, but other economic indicators are likely to mitigate the effects of the slowing economy, says NAR’s chief economist. Continue reading….
NAR’s REACH Labs Makes First Multi-Association Alliance
REALTOR® associations and an MLS band together in the Chicago area to bring more tech innovation to its members. Continue reading….
Dip in Mortgage Rates Little Consolation to Squeezed Buyers
Record-high home prices, declining consumer confidence and fears of recession are taking their toll on aspiring homeowners. Continue reading….
Real Estate Forecast: Market to Ease Despite High Home Prices
A housing slowdown precipitated by low inventory and rising mortgage rates will open opportunities for some buyers, NAR Chief Economist Lawrence Yun predicts. Continue reading….