News

NAR Power Broker Roundtable: A New Administration – How Will It Impact Real Estate?

Discussing the new administration and its impact on the real estate industry in this month’s Power Broker Roundtable Moderator: Robert Bailey, Broker/Owner, Bailey Properties, Santa Cruz, Calif.; Liaison for Large Residential Firms Relations, NAR Participants: Rei Mesa, CEO, Berkshire Hathaway...

FHA again Reduces Mortgage Insurance Premiums, Lowering Costs for 1 Million Households

Annual mortgage insurance premiums for Federal Housing Administration (FHA)-backed mortgages are lowering toward their pre-bust level, with FHA announcing on Monday another reduction, this time to 0.60 percent for most borrowers. The one-quarter point reduction is expected to save FHA-insured...

Explore America’s Neighborhoods: Oak Park, Chicago

Chicago has a lot of great things, like a winning baseball team and deep dish pizza—but let’s face it, that’s getting basic. If you hop on the L for a quick ride west, you will find yourself at the gates...

Foreclosure Activity Drops Off at Year-End

Foreclosure activity dropped off significantly at the end of 2016, with diving rates of both completions and inventory in November, CoreLogic reports. According to its November 2016 National Foreclosure Report, completions fell 25.9 percent in November to 26,000, and inventory,...

Difference of Opinion Between Appraisers and Homeowners Widens

Appraisers and homeowners are less eye-to-eye on home value for the first time in six months, with the gap between their opinions widening in December to 1.33 percent, according to Quicken Loans’ National Home Price Perception Index (HPPI). The difference...

How One Real Estate Team Kills It with Online Leads

In the following interview, Thomas and Danielle Devor, owners, Devor Real Estate Associates – A.Z. & Associates Real Estate in Glendale, Ariz., discuss cultivating referrals in a new market, generating online leads, and growing smart. I understand you’re an up-and-coming...

Turbocharge Your Business with These Top 10 Tools from RPR®

NAR PULSE—Each new year invites us to adopt fresh approaches to doing business. If you haven’t already done so, here are RPR®’s 2016 top 10 new and/or improved tools that you’ll want to incorporate into your daily business practices. See...

Black, Hispanic Neighborhoods Struggle to Regain Lost Ground

Homeowners in minority communities are struggling to regain ground lost in the crash, considerably more so than those in white communities, according to a recently released analysis by Zillow. In the third quarter of 2016, communities where the majority of...

No Deal: Home Sale Fail Rates Double in 2016

More pending home sales are transitioning back to the market, according to a recent report by Trulia, with the sale fail rate almost doubling in the last year, reaching 4.3 percent in the fourth quarter of 2016. Sales are falling...

Supply Watch: Gradual Single-Family Construction Expected in 2017

More single-family homes will be constructed in 2017, but at a gradual rate, reported economists at the recent National Association of Home Builders (NAHB) International Builders’ Show. The NAHB expects single-family construction to rise 10 percent to 855,000 units, and...
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