National News

Mortgage applications down slightly as some consumers wait for another rate drop
Mortgage applications down slightly as some consumers wait for another rate drop

A new report from the Mortgage Bankers Association shows a slight drop in mortgage application volume amid expectations of further mortgage rate reductions.

iBuyer activity down 88% in Q2
iBuyer activity down 88% in Q2

The biggest players in the iBuyer market closed up shop at the beginning of the pandemic, and a new report shows the numbers.

New report highlights down payment programs to assist first-time buyers
New report highlights down payment programs to assist first-time buyers

More than 2,000 down payment and closing cost assistance programs are available to help eligible buyers, according to the latest 2020 Homeownership Program Index.

Unemployment down in August, but long-term damage continues
Unemployment down in August, but long-term damage continues

The U.S. economy added 1.4 million new jobs in August, but one economist warns that permanent job losses are a bigger problem.

Gender pay gap in commercial real estate grows to ‘staggering’ levels
Gender pay gap in commercial real estate grows to ‘staggering’ levels

This year’s release of the CREW Network’s benchmark study shows some backsliding in the industry, though there were a few bright spots as well.

CDC imposes eviction moratorium through 2020
CDC imposes eviction moratorium through 2020

Real estate industry associations oppose the decision and are calling on Congress to provide rental assistance to housing providers.

Have we hit the bottom on consumer confidence?
Have we hit the bottom on consumer confidence?

Consumer confidence took another hit in mid-August, dropping to 84.8 from 91.7 in mid-July, according to the Conference Board Consumer Confidence Index, conducted by Nielsen.

Builder confidence reaches record high in August
Builder confidence reaches record high in August

The National Association of Home Builders/Wells Fargo Housing Market Index is looking good, but could lumber prices stall the growth?

NAHB to President Trump: Skyrocketing lumber prices threaten the economy
NAHB to President Trump: Skyrocketing lumber prices threaten the economy

With lumber prices through the roof, the NAHB is asking the federal government to step in and help.

Unemployment drops again, but long road to recovery remains
Unemployment drops again, but long road to recovery remains

Nearly two million jobs were restored in July, as the economy struggles to return to pre-pandemic levels.

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