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Major changes are coming to housing finance. The Federal Reserve is about to unwind a program that has held mortgage rates low for several years. How will this change impact housing? Lenders weighed-in in NAR’s most recent Survey of Mortgage Originators. Operation Twist In the wake of the great recession, the housing market hit historic… Continue Reading Fed’s Change Means Higher, More Volatile Rates
While The National Flood Insurance Program’s (NFIP) authority to write flood insurance expires at the end of next month, NAR conducted an analysis to estimate the impact of NFIP lapses on home sales. Based on the latest available data, NAR has put together an estimate of the number of home sale closings that will be… Continue Reading How Lapses of the National Flood Insurance Program Affect Home Sales
Five states accounted for slightly more than half of all foreign buyers who purchased U.S. residential property in April 2016–March 2017: Florida (22 percent), Texas (12 percent), California (12 percent), New Jersey (four percent) and Arizona (four percent), according to NAR’s recently released 2017 Profile of International Activity in U.S. Residential Real Estate. Other preferred… Continue Reading Florida, Texas, and California: Top State Destinations Among Foreign Buyers in April 2016–March 2017
As the House and Senate continue their work to reauthorize the National Flood Insurance Program, the countdown to the program’s expiration continues as well. On September 30, the Federal Emergency Management Administration loses its authorization to write new flood insurance policies or renew existing policies for its customers. That means homeowners could potentially find their… Continue Reading In Two Months, the National Flood Insurance Program Expires
WASHINGTON (July 20, 2017) – The National Association of Realtors® today said that significant improvements to the “21st Century Flood Reform Act,” key legislation aimed at strengthening and reauthorizing the National Flood Insurance Program, have cleared the way for endorsement of the bill. Among the changes, Realtors® support the House Financial Services Committee’s commitment to retaining… Continue Reading Realtors®, House Financial Services Committee Reach Agreement to Move Key Flood Insurance Legislation Forward
WASHINGTON (July 12, 2017) - REach®, the growth technology accelerator operated by the National Association of Realtors®’ strategic investment arm, Second Century Ventures, was recently named among the top 30 accelerators in the U.S. by the Seed Accelerator Rankings Project, or SARP. Now in its fifth year, SARP is compiled by researchers from the MIT… Continue Reading REach® Technology Accelerator Named Among Best in Nation
Repair Procedure in SCR310 (commonly used for single family homes). SCR310 has a repair procedure in Section 8 and is useful for buyers who only want a property where the basic systems are operable. There is a Section 11 Wood Infestation Report in SCR310 that has a similar procedure for repairs for wood destroying organisms… Continue Reading Information about the SCR Residential Contract (SCR 310 and SCR 300)
WASHINGTON (June 23, 2017) – Bob Goldberg has been named CEO of the National Association of Realtors®. Goldberg currently serves as NAR senior vice president of Sales & Marketing, Business Development & Strategic Investments, Professional Development and Conventions for NAR. Goldberg was the choice of NAR’s leadership team after an extensive national search. He succeeds… Continue Reading Bob Goldberg Named CEO of National Association of Realtors®
Ryan Fitzgerald By Ryan Fitzgerald Given the large financial requirement of buying a home, it’s often out of reach for a large portion of the U.S. population. The economic recession, which was triggered by the collapse of real estate and mortgage lending markets, further decreased home buying accessibility. A number of lenders have returned to… Continue Reading Educating Clients on HUD
By Amalie Drury, guest contributor Photo credit: Crate and Barrel A great outdoor space is at the top of many home buyers’ checklists. So even if your listing doesn’t include a large lawn or an over-the-top patio, it’s important to show buyers that the home still offers the perks of an indoor-outdoor lifestyle. Be sure… Continue Reading The 5 Biggest Yard and Patio Staging Mistakes