News

Where Are They Now? Mortgage Rates Respond to Fed Hike

Average fixed mortgage rates climbed again for the eighth week in a row following the Federal Reserve’s decision to raise the key rate, according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS®), with the 30-year fixed-rate averaging 4.30 percent with...

Homes Appreciating at Pre-Bust Pace

Homes have appreciated to pre-bust pace, with values rising at an annual rate of 6.5 percent as of November, according to Zillow’s recently released Real Estate Market Reports, with the Zillow Home Value Index (ZHVI) at a median of $192,500....

At Work on Christmas? It’s Not Just You

(TNS)—It’s the most wonderful time of the year—unless you happen to be working for an employer with a Scrooge-like heart and disdain for holiday pay. You just might find yourself working Christmas without so much as an extra candy cane...

Housing Confidence Hinges on Promise of Trump Growth Policies

More homebuyers and sellers are confident about the trajectory of the economy heading into the new year, based on the promise of growth from the Trump Administration’s much-speculated-about policies. A recent outlook released by Fannie Mae, however, dials that confidence...

Home Sales Rocket to Second Highest Point Since 2008

In November, sales of new homes hit their second highest peak since 2008, according to data released by the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). While these numbers have been fickle month-to-month, this is a...

Market Feels Effects of Rising Rates, Pending Home Sales Pull Back

The housing market is feeling the effects of rising mortgage rates, with pending home sales pulling back to year-lows last month as homebuyers struggled to put purchases in play, according to the National Association of REALTORS® (NAR). NAR’s Pending Home...

Free Brokerage Management Resources, Expertise at Broker Summit

NAR PULSE—Real Estate Brokerage Essentials®, a must-have resource for brokers, will be given as a gift at the REALTOR® Broker Summit. Created by NAR’s Legal Team and NAR Chief Legal Counsel Katie Johnson, this comprehensive tool guides brokers in running...

Adam Levine Says ‘Sweetest Goodbye’ to SoHo Loft

Superstar Adam Levine, Maroon 5 singer and judge of “The Voice,” sold his SoHo loft in June 2016 for a sparkling $5.4 million. Levine, along with wife Behati Prinsloo, listed their spacious 2,800-square-foot spot shortly after becoming pregnant with their first...

Looking Ahead: Tax Reform in 2017

As we kick off 2017 with a new administration and the start of the 115th Congress, the National Association of REALTORS® (NAR) will ramp up its messaging on the social and financial benefits of homeownership. While NAR has long touted...

How Will the Trump Administration Affect the U.S. Housing Market?

President-Elect Donald Trump made his early fortune in the real estate sector, and his business holdings clearly indicate he is a firm believer in the economic power of the U.S. housing market. Real estate analysts are hopeful that Trump’s business...
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