The Federal Reserve’s move to raise its benchmark rate by three-quarters of a percentage point—the largest increase since 1994—could put more upward pressure on near-6% mortgage rates and sideline more home buyers, says NAR Chief Economist Lawrence Yun. Continue reading….

The effects of the increase, a move up of three-quarters of a percentage point, sets an expectation of several more rounds of rate hikes in the coming months. Continue reading….

At least half of the nation’s REALTOR® associations planned projects, from serving homeless shelters to community cleanup efforts, during the 2022 REALTOR® Volunteer Days. Continue reading….

The flexibility of options offsets concerns over lower sales prices for buyers interested in the sale strategy. Continue reading….

Economists say that as these consumers regroup financially, they will return and keep the market stable. Continue reading….

Owners eye repairs, updates and new amenities to compete with newer homes on the market. Continue reading….

The Northern Virginia Association of REALTORS® brings fresh fruits and vegetables to a neighborhood dealing with food insecurity. Continue reading….

The reversal after declines over the last three weeks has economists closely watching for the Fed’s anticipated rate hike next week. Continue reading….

Western states saw the biggest hikes, while two Midwestern states saw the smallest. Continue reading….

The Equitable Housing Finance Plan tackles barriers experienced by renters, aspiring home buyers, and homeowners, particularly in Black and Latino communities. Continue reading….