Millennials still show a preference for conventional loans. In Sept., 68% of all loans were conventional; 27% FHA and 2% VA, reports Ellie Mae, which says the industry should "educate these buyers on the options... available to them."
Harvard report: Adults older than 50 own 50% of all U.S. homes, and many aren't financially ready to retire with inadequate savings after the recent recession. Many may be forced to sell, especially if they carry a mortgage and unexpected bills come in.
NAR participated in the 2018 Kemp Leadership Award Dinner in Washington, DC, hosted by the Jack Kemp Foundation. The recipient of the award was Sean Parker, for his work and leadership on the Qualified Opportunity Zone program.
Highlights include a look at key commercial programming being offered at the REALTORS® Conference & Expo, an advocacy win with the passage of the Water Bill, the Q3 Commercial Real Estate Outlook from NAR Research, and more.