A program that fights money laundering by banning anonymity for buyers in three S. Fla. counties was renewed and extended to metros in five more states.
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."
The GSEs went under government control during the recession, and while most experts agree that it must change, little has been done yet to fix the problem.
According to the report, FHA's Capital Reserve Ratio remains above the minimum required by law – a problem spot when the nation was recovering from the recession.
A 58K-square-foot Hillsboro Beach home was sold to the highest bidder last week. It's the latest example of an emerging trend: Auction sales for high-end homes.
The 30-year FRM didn't change this week and remains at an almost 8-year high, though the 15-year fixed-rate mortgage rose from last week's 4.33% to 4.36%.
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.
Wall St. seems to expect a Dec. interest rate increase but fewer in 2019 as inflation and employment growth slows, plus tax-reform boosts seem to be stalling.
Commercial is "on pace with the growing economy." There's "a slight decrease in transactions," but brokers cited improved markets and business activities.
Commercial real estate markets are on the rise, with Realtors® specializing in commercial real estate reporting both an increase in members’ gross income and sales volume.
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.
The Counselors of Real Estate identified the most pressing trends and challenges that will impact the housing and commercial real estate market now and in the years to come.
While challenges face many of America’s commercial real estate markets, REALTORS® specializing in the sector should have confidence for growth to remain steady in the coming year.
In states where medical marijuana is legal, 34 percent of commercial members had seen an increased demand in warehouses, 31 percent in storefronts, and 18 percent in land.
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.
Highlights include the Q3 issue of Commercial Connections, a look at converting trends into deals with RPR® Commercial, information on the Counselors of Real Estate®'s Consulting Corps, and more.
For Realtors®