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News

Dedicated accounts encourage saving for a down payment
the new law could encourage 7,000 first-time buyers to enter the housing market statewide over the next five years. Or, put another way, about 1,400 renters each year will take advantage of the......

Puerto Rican Refugees Further Strain Housing
drinking water. Puerto Rico was grappling with a recession, plagued by unemployment, foreclosures, and high debt, before the hurricane hit. The number of Puerto Ricans who will eventually......

Mortgage Rates Rise to 4-Month High
nearly four months.”  Freddie Mac reports the following national averages with mortgage rates for the week ending Nov. 16: 30-year fixed-rate mortgages: averaged 3.95 percent, with an average......

5 Trends the Housing Market Will Regret
prices are causing several negative trends in the housing market. According to ValueInsured’s latest Modern Homebuyer Survey, a quarterly......

What To Make Of Capital One's Decision To Exit Mortgage Origination Business
its mortgage origination unit. With the Fed’s ongoing rate hike driving mortgage rates higher Capital One concluded that it will no longer be able to keep up with the competition in a profitable......

What We’re Reading: Nov. 13-17
out of control? Maybe it’s time to detox . Abby Creitz NAR Web Content & Information Specialist More Posts...

Event NAR Pending Home Sales Index
Latest News Pending home sales were unchanged in September, but activity declined on an annual basis both nationally and in all major regions. Read the full news release . Next release:......

4 Michigan counties unite to curb foreclosures
County Commission Chambers recently in an effort to stem the tide of foreclosures in south central Michigan. "This program is for delinquent tax assistance. So, homeowners that are delinquent......

Long Island home prices rise as inventory dips
last month, down 12% from a year earlier. The number of closed home sales increased year-over-year by 5.7% in Suffolk and by 1.5% in Nassau. "The buyers are paying full price and sometimes......

First-time buyer market to surpass overall housing pace in 2018
Over half of mortgage industry executives, or 57%, anticipate first-time home buyer growth in 2018, estimating that market will grow at a faster pace than the overall housing market, according......

CBRE Secures $29M for Baton Rouge Community
that failed. The current proceeds will be used to pay off the FDIC and complete construction. “ This transaction shows our ability and resources to work quickly with a seasoned developer, replacing......

Instant Reaction: October Housing Starts
The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Commerce Department report on residential construction in October : “The South region is quickly getting......

REALTORS® Square Up After House Passes Tax Bill
but the real work to shape this debate is just getting started,” NAR President Elizabeth Mendenhall said in a statement. The bill, called the Tax Cuts and Jobs act, was passed by a vote of......

Texas home prices have skyrocketed since 2006
bubble — even in hot home markets. "On the surface, today's housing market looks suspiciously similar to the pre-recession years with rising home prices and feverish buyer demand," the report......

Foreclosures continue to fade in Southwest Florida
a decade, signaling the final stages of recovery in the U.S. housing market," said Frank Martell, president/CEO at CoreLogic. "As the construction and mortgage industries move forward, there......

Mortgage rates bounce to their highest level since July
Mortgage rates moved to their highest mark since July and the 10-year Treasury yield ticked up 6 basis points, according to Freddie Mac. 30-Year FRM 15-Year ARM 5/1-Year ARM Average Rates......

Is there a Black Friday for the Bay Area housing market?
figure out if a Black Friday phenomenon exists in the U.S. housing market. In the Bay Area, of course, the idea of a Black Friday sale on homes is a bit bogus. Median prices here are high......

The New Tax Plan And The Death Of Homeownership
groups and homebuilders fear we may be on the brink of a housing market Armageddon. Not so fast. Repealing the mortgage interest deduction regularly makes appearances during political cycles......