National News

RE/MAX, NAREB take on homeownership racial gap

The National Association of Real Estate Brokers has joined the RE/MAX Strategic Alliances program to help grow homeownership among minority groups.

Median home sales price nears record-high

The median sales price in the first month of 2021 was up 11.8% from January 2020 to $285,000, nearly matching the record high of $290,000 set last August.

Home sizes expected to rise in post-COVID world

After declining for years, the size of new single-family homes has begun to level off as consumers spend more time at home, a National Association of Home Builders analysis found.

Low-income housing doesn’t hurt home prices

The study dispels a long-held belief that nearby homes lose value once low-income housing is built in an area.

Rate of homebuyers who are outbid doubles

The top reason why long-time searchers have not purchased a home is because 40% say they were outbid.

Houston mortgage delinquency rates on the rise

“The consistent decline in serious delinquency since August is a sign of growing financial stability for families,” said Frank Martell, president and CEO of CoreLogic.

Guaranteed Rate Super Bowl ad inspires positivity

Super Bowl time is almost here, and for those who enjoy the commercials as much as the game, keep an eye out for a new ad from retail mortgage lender Guaranteed Rate. The ad is part of their national

National Association of Realtors political contributions in 2018 and 2020

The lists below detail campaign contributions by the National Association of Realtors in 2020 and 2018. The info is via opensecrets.org. 2020  Recipient Total From Individuals From Organization Recipient Type View Type Chamber Gonzalez Jenniffer $2,000 $2,000 $0 Candidate

Biden moves to reverse Trump housing policy

The order directs the U.S. Department of Housing and Urban Development to reexamine Trump Administration changes to Obama-era fair housing rules.

DACA members now eligible for FHA loans

CBC Mortgage Agency, a nationally chartered finance agency, applauded the decision, noting in a press release that 85% of individuals in the DACA program are Hispanic and account for over a third of CBCMA borrowers.

RE/MAX: Home sales up 22%

It was the 5th best month of the year and outperformed most of 2019.

Guaranteed Rate acquires Stearns Holdings, LLC

The acquisition enables Guaranteed Rate to bolster retail loan origination while also developing new multichannel capabilities.

Guaranteed Rate hits the ice with two new partnerships

Guaranteed Rate has teamed up with the National Hockey League and U.S. Figure Skating to become the official mortgage partner of both entities.

Big news in real estate in 2020 — check out our top national stories of the year

We took a look back this year at the most widely read stories of the year. Here are the national stories that caught your attention in 2020.

NAHB: Expect more home construction in 2021

The gap between sales and construction reached a record high in 2020, which likely means a slowing down in sales and growth in construction in 2021, according to a year-end report by the National Association of Home Builders.

Job growth pace gets ‘coronavirus correction’

With winter upon us and coronavirus cases exploding, the latest jobs report marks five straight months of declining job growth.

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