National News

Two months in a row for improved pending home sales

Contract activity up over last year “remarkable,” according to NAR chief economist.

1031 exchanges back on the chopping block in 2020 election

As the presidential election season moves into full swing, a popular tax mechanism for real estate investors has found its way into the crosshairs.

Consumer confidence takes hit from COVID-19 resurgence

Optimism is waning across the country, especially in states where the coronavirus is spiking, according to a new report.

The new pandemic escapism is online home shopping

Now might be a good time for brokers to make sure their online assets are in order, according to a new report from Today.

NAHB pushes expanded relief to address housing priorities

In a letter sent to Congress, the National Association of Home Builders recently called for an expansion of the Paycheck Protection Program, rental assistance and other measures to rebuild the economy through support for the housing industry.

New guide helps community associations navigate reopening during COVID-19

The Community Associations Institute has released detailed safety guidelines for homeowner associations grappling with how to reopen amidst pandemic concerns.

It’s a seller’s market, according to HomeLight report

Nearly half of all agents report their business was growing in June, according to a new HomeLight report.

Houston researchers unveil air filter that instantly kills the coronavirus

Researchers at the Texas Center for Superconductivity have developed an innovative electronically heated air filter that’s capable of instantly capturing and neutralizing the coronavirus.

Is real estate recovering? Most Realtors say yes

Real estate professionals are optimistic that the market recovery is underway, according to a new survey by the National Association of Realtors. The survey, which was conducted from June 24 to June 26, found that 92% of respondents say

Unemployment fell in June, but coronavirus setbacks in some states may slow rebound

The Bureau of Labor Statistics reports a drop in unemployment claims in June, as the country added nearly five million jobs. But economists warn rebound in coronavirus cases could result in another labor shock.

New construction sales numbers rose 16.6% in May, amid growing builder sentiment

Despite record-breaking unemployment, sales of newly built single-family homes rose in May, as builders rushed to meet pent-up demand and flight to suburbs.

Sales fell again in May; strong rebound around the corner, says NAR

While existing-home sales were down again, the National Association of Realtors predicts a post-lockdown boom that will surpass 2019 sales figures.

Call it the coronavirus effect: Young adults are moving back home

Roughly 2.7 million U.S. adults moved in with a parent or grandparent in March and April as the coronavirus pandemic spread, potentially costing landlords hundreds of millions of dollars in monthly rent payments and casting doubt on the future of young workers in particular.

Houston among top 10 markets for millennial buyers during the pandemic

A new report from NAR shows Houston became more attractive for millennials during the COVID-19 crisis. Here’s why.

Lenders predict ‘near term strength’ for the housing market

May applications for new home purchases were up 26% from April, pointing to a recovery that’s already underway.

Permits, builder sentiment indicate turning point for the market

In a sign of continued forward momentum, single-family permits posted an 11.9% gain in May, while builder sentiment jumped 21 points in June.

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