Existing home sales drop for 6th straight month: ‘Not a recession’

“Inventory remains tight and prices continue to rise nationally with nearly 40% of homes still commanding the full list price,” said NAR’s Chief Economist Lawrence Yun. Continue reading

‘It’s a hopeful sign’: Builders forge ahead on new home starts

Builders kicked off construction on 129,400 new housing units in November — a half-percent increase on a month when starts typically decline, according to the U.S. Census Bureau. Continue reading

Encryption, inequality and ‘Zero DOM’: 6 pocket listing takeaways

Inman took a deep dive into pocket listings, which continue to polarize the real estate industry long after many thought the practice would disappear. Continue reading

4 ways to ensure buyers don’t regret their purchase

Over the past year, homebuyer regret has reached record highs. Here are Nerdwallet’s tips for making sure your clients don’t experience the same thing. Continue reading

After stellar March, new-home sales reverse course, dip 6% in April

The decline follows a record month for new-home sales, when they hit a 15-year high of more than 1 million in March, according to new data from the US Census Bureau. Continue reading

Residential construction on the rise amid major inventory shortage

Residential housing starts rose 19.4 percent in March, according to a new report by the Census Bureau and the Department of Housing and Urban Development. Continue reading

Mortgage rates drop to 30-year low

The average contract interest rate for 30-year fixed-rate mortgages dropped to 3.45 percent from 3.49 percent, its lowest level since the Mortgage Bankers Association began its weekly survey. Continue reading

84% of Americans say homeownership is a ‘priority’

Despite rising prices and personal finance issues, the majority of Americans are optimistic about homeownership, according to NerdWallet’s 2020 Home Buyer Report Continue reading

6 tips to help credit-challenged clients improve scores

If you have clients who are struggling to get their finances in line while preparing to buy a home, here is some advice you can give them to help get their credit scores in good shape and keep them healthy moving forward. Continue reading