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Double-Digit Home Price Gains in Q2 Erode Affordability Even More

NAR Daily News Magazine - August 10, 2022 - 11:00pm

“Home prices have increased at a pace that far exceeds wage gains, especially for low- and middle-income workers,” says NAR Chief Economist Lawrence Yun.

Categories: Real Estate

Yun: Slowing Inflation Suggests Mortgage Rates Have Topped Out

NAR Daily News Magazine - August 10, 2022 - 11:00pm

NAR’s chief economist shares what now needs to happen to bring down borrowing costs and increase affordability for home buyers.

Categories: Real Estate

WCR Grants Aim to Inspire More Women Real Estate Leaders

NAR Daily News Magazine - August 7, 2022 - 11:00pm

While women make up more than 60% of the real estate profession, they do not hold nearly that same level of representation in industry leadership roles.

Categories: Real Estate

Mortgage Rates Dip Below 5%; Buyers Get ‘A Second-Chance Opportunity’

NAR Daily News Magazine - August 3, 2022 - 11:00pm

The average monthly mortgage payment has fallen 12% reduction in just two months as high borrowing costs moderate, says NAR Chief Economist.

Categories: Real Estate

Yun: Possible Economic Downturn Likely to Be Mild

NAR Daily News Magazine - August 1, 2022 - 11:00pm

A contracting economy typically means a recession, but other economic indicators are likely to mitigate the effects of the slowing economy, says NAR’s chief economist.

Categories: Real Estate

NAR’s REACH Labs Makes First Multi-Association Alliance

NAR Daily News Magazine - July 31, 2022 - 11:00pm

REALTOR® associations and an MLS band together in the Chicago area to bring more tech innovation to its members.

Categories: Real Estate

Dip in Mortgage Rates Little Consolation to Squeezed Buyers

NAR Daily News Magazine - July 27, 2022 - 11:00pm

Record-high home prices, declining consumer confidence and fears of recession are taking their toll on aspiring homeowners.

Categories: Real Estate

Real Estate Forecast: Market to Ease Despite High Home Prices

NAR Daily News Magazine - July 27, 2022 - 11:00pm

A housing slowdown precipitated by low inventory and rising mortgage rates will open opportunities for some buyers, NAR Chief Economist Lawrence Yun predicts.

Categories: Real Estate

2nd Historic Fed Rate Hike Unlikely to ‘Further Damage’ Mortgage Borrowers

NAR Daily News Magazine - July 27, 2022 - 11:00pm

The market has mostly priced in current and future Fed actions, so mortgage rates shouldn’t rise dramatically, says NAR Chief Economist Lawrence Yun.

Categories: Real Estate

Remote Online Notarization Is One Step Closer

NAR Daily News Magazine - July 27, 2022 - 11:00pm

Passage by the House sets the stage for a Senate vote on NAR efforts to bring more real estate transactions into the digital age.

Categories: Real Estate

Pending Home Sales Tumble as More Buyers Get Priced Out

NAR Daily News Magazine - July 26, 2022 - 11:00pm

Housing affordability is becoming a bigger obstacle in the housing market. Homes were 80% more expensive in June than they were in 2019. Read more.

Categories: Real Estate

Could Solving the Housing Shortage Help Close the Racial Gap, Too?

NAR Daily News Magazine - July 25, 2022 - 11:00pm

A report highlights housing supply issues and how a multifaceted approach could be key to improving housing equity as well.

Categories: Real Estate

Mortgage Rates Rise Ahead of Fed’s Big Announcement

NAR Daily News Magazine - July 20, 2022 - 11:00pm

The Federal Reserve is expected to raise its key benchmark rate this coming week. What impact could it have on mortgage rates?

Categories: Real Estate

Yun to Lawmakers: Market Won’t Improve Without Action on Supply

NAR Daily News Magazine - July 20, 2022 - 11:00pm

The inventory crunch will continue to chip away at affordability and sideline more buyers unless Congress enacts policies to boost housing production, NAR’s chief economist testifies on Capitol Hill.

Categories: Real Estate

Existing-Home Prices Hit New Record as Sales Slow

NAR Daily News Magazine - July 19, 2022 - 11:00pm

Nearly every region of the country saw a major decline in real estate transactions last month as more buyers are priced out of the market, new NAR data shows.

Categories: Real Estate

Single-Family Construction Is Going Soft

NAR Daily News Magazine - July 19, 2022 - 11:00pm

Rising costs are dampening buyers’ appetite for new homes, data shows.

Categories: Real Estate

Your Vulnerability to a Cyberattack Could Land You in Court

NAR Daily News Magazine - July 18, 2022 - 11:00pm

A data breach also may cost you money and ruin your reputation. An NAR attorney helps you build a strong data security plan in the latest “Window to the Law.”

Categories: Real Estate

Affordability, Inventory Issues Block Foreign Investors, Too

NAR Daily News Magazine - July 17, 2022 - 11:00pm

U.S. home purchases by international buyers are at their lowest level on record, new NAR data shows. But there’s reason to believe in a comeback.

Categories: Real Estate

Volatility in Mortgage Rates as Recession Fears Grow

NAR Daily News Magazine - July 13, 2022 - 11:00pm

Borrowing costs tick up again as the Federal Reserve’s inflation policy has economists bracing for even higher rates in the future.

Categories: Real Estate

Yun: Bolder Fed Inflation Policy May Catapult Mortgage Rates

NAR Daily News Magazine - July 12, 2022 - 11:00pm

With inflation reaching a new high in June, the Federal Reserve will likely take more aggressive action. And that could influence even higher mortgage rates, says NAR Chief Economist Lawrence Yun.

Categories: Real Estate