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Long & Foster Carves Retirement Path for Associates

NAR Daily News Magazine - June 22, 2018 - 1:00am

The East Coast franchise is helping retiring agents sell their book of business to up-and-coming colleagues.

Categories: Real Estate

Home Prices Outpace Wage Growth in 64% of Markets

NAR Daily News Magazine - June 22, 2018 - 1:00am

National affordability is at the lowest level since the third quarter of 2008, according to a new report.

Categories: Real Estate

Mortgage Rates Drop Again This Week

NAR Daily News Magazine - June 22, 2018 - 1:00am

The lower rates marked the third rate decrease in the past four weeks.

Categories: Real Estate

Trump Administration Proposes Privatizing Fannie, Freddie

NAR Daily News Magazine - June 22, 2018 - 1:00am

The current administration has proposed ending the long conservatorship of the two mortgage financing giants, part of a sweeping government reorganization proposal unveiled Thursday.

Categories: Real Estate

HUD Under Fire for Response to Lead Paint Removal

NAR Daily News Magazine - June 21, 2018 - 1:00am

Federal officials found that the agency lacks adequate oversight in the reporting and remediation of issues in its public housing and voucher programs.

Categories: Real Estate

Neighborhood Activism Influences Inventory Woes

NAR Daily News Magazine - June 21, 2018 - 1:00am

Homebuilders struggle to launch developments as zoning boards and residents fight against new construction.

Categories: Real Estate

Report: Housing Costs Leave Third of Households Strapped

NAR Daily News Magazine - June 21, 2018 - 1:00am

The number of American households considered to be “cost-burdened” has grown by nearly 14 million over the last 30 years.

Categories: Real Estate

Are Millennials Finally Flying the Coop?

NAR Daily News Magazine - June 21, 2018 - 1:00am

More young people may be ready to leave home and start their own household, according to a new report.

Categories: Real Estate

Upbeat Sellers Show Readiness to Make a Move

NAR Daily News Magazine - June 21, 2018 - 1:00am

“Hopefully ... strong seller optimism will lead to an increase in inventory later on in the year,” says NAR Chief Economist Lawrence Yun.

Categories: Real Estate

Appraisers, Homeowners Agree More Than Ever on Values

NAR Daily News Magazine - June 21, 2018 - 1:00am

Owners are increasingly understanding the true market value of their properties, a new survey shows.

Categories: Real Estate

Loan Demand Ticks Up as Borrowers Look to Lock in Rates

NAR Daily News Magazine - June 20, 2018 - 1:00am

Mortgage rates have been up and down in recent weeks, so when borrowers saw some stability, they jumped at a chance to lock in a rate.

Categories: Real Estate

Most Renters Wish They Lived Elsewhere, Survey Says

NAR Daily News Magazine - June 20, 2018 - 1:00am

Many renters recently surveyed say they aren’t happy with the location where they live, but high costs are preventing them from making a move.

Categories: Real Estate

New-Home Construction Surges to Highest Level in Decade

NAR Daily News Magazine - June 20, 2018 - 1:00am

More new homes entered the pipeline in May than in any other month since the end of the Great Recession. But the gains are uneven across the country, and permit activity indicates they may be short-lived.

Categories: Real Estate

2.5M Homes to Be Threatened by Tidal Flooding by the Year 2100

NAR Daily News Magazine - June 20, 2018 - 1:00am

Rising sea levels and climate change are putting a significant number of homes at risk of tidal flooding, even in the absence of major storms, according to a new report from the Union of Concerned Scientists.

Categories: Real Estate

Home Prices Hit a Record High

NAR Daily News Magazine - June 20, 2018 - 1:00am

Home buyers can expect to pay more for a home this summer. The median existing-home price for all housing types reached an all-time high in May at $264,800, according to the latest housing report released by the National Association of REALTORS®.

Categories: Real Estate

7 Ways to Make Your Website, Emails More Accessible

NAR Daily News Magazine - June 20, 2018 - 1:00am

Learn how inclusive design will improve your marketing and communications to all your customers.

Categories: Real Estate

Housing Starts Spike to 11-Year High, Permits Stumble

RisMedia Consumer News - June 19, 2018 - 4:54pm

Following a dip last month, housing starts rebounded in May, up 5 percent to 1.35 million from the revised April estimate of 1.286 million, according to recent data released by the U.S. Department of Housing and Urban Development and the Commerce Department. Meanwhile, single-family housing starts jumped up 3.9 percent since April to 936,000, the second-highest reading since the Great Recession, according to the National Association of Home Builders. Multifamily starts (five units or more) dropped slightly to 404,000.

Permit approvals fell 4.6 percent since April to 1.3 million; however, they are still 8 percent above the May 2017 rate, according to the data. Approvals for single-family builds were down 2.2 percent to 844,000 permits, and multifamily approvals came in at 421,000.

“Ongoing job creation, positive demographics and tight existing home inventory should spur more single-family production in the months ahead,” said NAHB Chief Economist Robert Dietz, in a statement. “However, the softening of single-family permits is consistent with our reports showing that builders are concerned over mounting construction costs, including the highly elevated prices of softwood lumber.”

As for completions, rates bumped up 1.9 percent from April to 1.291 million, with single-family completion rates rising dramatically—11 percent from April numbers to 890,000. Multifamily completions came in at 389,000, down 14.1 percent from April rates.

“We should see builders continue to increase production to meet growing consumer demand even as they grapple with stubborn supply-side constraints, particularly rising lumber costs,” said NAHB Chairman Randy Noel.

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The post Housing Starts Spike to 11-Year High, Permits Stumble appeared first on RISMedia.

Categories: Real Estate

NAR: Final Labor Rule Holds Promise for AHPs

NAR Daily News Magazine - June 19, 2018 - 1:00am

New guidance from the Department of Labor makes it possible for the first time for real estate pros to be eligible to join an association health plan.

Categories: Real Estate

Will Driverless Cars Affect Change in Home Values?

NAR Daily News Magazine - June 19, 2018 - 1:00am

Fully autonomous vehicles could render garage space obsolete for many homeowners.

Categories: Real Estate

Homeownership Rate Depends Heavily on Seniors

NAR Daily News Magazine - June 19, 2018 - 1:00am

Much focus has been placed on how millennials will impact housing, but older Americans may actually have more influence.

Categories: Real Estate

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