Housing Affordability Weakened in February 2024 Housing affordability fell nationally in February 2024, the monthly mortgage payment decreased 3%, and the median single-family home price fell 1.5%. By: Michael Hyman Powered by WPeMatico
https://cdn.nar.realtor/sites/default/files/documents/nar_realtor_safety_safe_listings_form_2023_06_26.pdf The National Association of REALTORS® is America’s largest trade association, representing more than 1.5 million members involved in all aspects of the residential and commercial real estate industries. The term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS® and… Continue Reading NAR Safe Showings Form
Instant Reaction: Mortgage Rates, April 18, 2024 Mortgage interest rates rose to 7.1% this week; despite higher mortgage rates, mortgage applications increased. By: Jessica Lautz Mortgages & Home Financing Powered by WPeMatico
Following NAR input, buyer agent commissions not counted among IPC limits The National Association of REALTORS® influenced a significant clarification from Fannie Mae and Freddie Mac, with the entities confirming that buyer's agent commissions will not count as part of the interested party contributions limits. This guidance follows a nationwide settlement facilitated by NAR concerning… Continue Reading NAR Helps with Fannie & Freddie Issue
https://www.nar.realtor/magazine/real-estate-news/scotus-rules-in-favor-of-owners-in-property-fee-dispute?utm_term=A535F674-1FE5-4DE7-86BF-2B71C40DD9BA&lrh=f3d3398596de554c8ce28d0171fc77ec79f4cbe447d90ba1a9b8eade908d8477&utm_campaign=3BFA9068-DFBC-477B-BC94-C168B9A999F1&nwsltr=navnar&utm_content=0F63F11B-AB1C-484C-92B0-36224952BB5D The National Association of REALTORS® is America’s largest trade association, representing more than 1.5 million members involved in all aspects of the residential and commercial real estate industries. The term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS® and… Continue Reading US Sup Ct on Hefty Impact Fees
SETTLEMENT ANSWERS What is the mechanism for non-association MLSs to obtain releases of liability in seller litigation? For MLSs that are not wholly owned by a REALTOR® association, the agreement includes a mechanism to obtain a release efficiently if they so choose. Broadly speaking, the agreement provides two paths: The MLS can elect to pay… Continue Reading NAR Settlement – MLS Not REALTOR(R) Owned
https://www.inman.com/2024/04/12/judges-decline-to-centralize-commission-lawsuits/?utm_source=newsflash&utm_medium=email&utm_campaign=newsflash&utm_content=1024355_readmore_0_19700101&message_id=35017945.78741 The National Association of REALTORS® is America’s largest trade association, representing more than 1.5 million members involved in all aspects of the residential and commercial real estate industries. The term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS® and… Continue Reading Consolidation News
Instant Reaction: Mortgage Rates, April 11, 2024 Yesterday's inflation figures rose to 3.5%, and as a result, mortgage interest rates are likely to increase in the coming weeks. By: Jessica Lautz Mortgages & Home Financing Powered by WPeMatico
Instant Reaction: CPI, April 10, 2024 March inflation figures were very bad, which also means bad news for interest rates. By: Lawrence Yun Powered by WPeMatico
NAR on the unauthorized practice of law and risk management: https://www.nar.realtor/videos/window-to-the-law/avoiding-unauthorized-practice-law The South Carolina Supreme Court decides what is the practice of law and what is the unauthorized practice of law in South Carolina. In the past, the South Carolina Supreme Court has stated that the closing of real estate deals is the practice of… Continue Reading SC Felony Crime: Unauthorized Practice of Law. (NAR Window to the Law)