National News

Hispanic homeownership reached historic highs before COVID-19. What now?

Hispanic homeownership reached historic highs before COVID-19. What now?


=During a pandemic that appears to be impacting the Latino community disproportionately hard, will the singular gains of this community be sustained?

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Existing-home sales drop 17.8% in April, but first-timers are coming back

Existing-home sales drop 17.8% in April, but first-timers are coming back


Coronavirus lockdowns disrupted sales in April, but the data shows an increase in new homebuyers.

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Purchase applications up 13% in Florida

Purchase applications up 13% in Florida


Economists with the Mortgage Bankers Association predict mortgage rates will remain low for the next couple of years, though there is at least one scenario under which they could rise more quickly.

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Builder confidence up after April drop; signs of rebound emerge

Builder confidence up after April drop; signs of rebound emerge


Builders are feeling more confident this month, a sign that the new-home market may have already hit bottom.

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Redfin: Over half of big-city dwellers working from home want out

Redfin: Over half of big-city dwellers working from home want out


More than half of those working remotely said they would leave the city if they didn’t have to go into an office.

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The worst is over, says NAR Chief Economist Lawrence Yun

The worst is over, says NAR Chief Economist Lawrence Yun


Speaking at NAR’s recent Residential Economic Issues and Trends forum, NAR’s Lawrence Yun said economic recovery is around the corner.

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Despite industry objections, qualified mortgage patch still expected to expire

Despite industry objections, qualified mortgage patch still expected to expire


Though NAR has urged the Consumer Financial Protection Bureau to extend the rule, the agency’s director would only agree to take into account disruptions related to the COVID-19 pandemic in managing the transition.

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Top Agent Network files antitrust lawsuit against NAR

Top Agent Network files antitrust lawsuit against NAR


California-based broker platform Top Agent Network has sued NAR over the pocket listing rule that went into effect this month.

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Rahm Emanuel and Chris Christie offer political predictions to Realtors

Rahm Emanuel and Chris Christie offer political predictions to Realtors


In a virtual version of NAR’s annual political forum, the former mayor and former governor dished on the upcoming election and the political ramifications of the local and national responses to the COVID-19 crisis.

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Amid dire jobs report, one real estate company is bringing back employees

Amid dire jobs report, one real estate company is bringing back employees


The unemployment rate officially hit a level not seen since the Great Depression, but one industry CEO sees reason for optimism.

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