National News

Redfin closes $608 million takeover of RentPath early

RentPath’s sites, which include ApartmentGuide.com, Lovely, Rent.com, and Rentals.com, will continue to operate as normal while their listings are integrated with Redfin.com, a process that is expected to wrap up in 2022.

NAR: ‘Don’t panic, keep contracting’

The National Association of Realtors sends a message to members that it is working to ensure that the proposed Protecting the Right to Organize Act will not hurt their status as independent contractors.

Housing observers expect February job gains to continue

“More jobs are very likely, due to the near certain passage of the $1.9 trillion stimulus package and from two million vaccinations per day,” National Association of Realtors chief economist Lawrence Yun said in a release.

How will the stimulus bill help real estate?

The stimulus bill includes aid for state and local governments, new homeowners, small businesses and renters.

U.S. House passes Equality Act to prohibit discrimination

The House of Representatives has approved the Equality Act, which establishes legal safeguards to prevent discrimination in housing based on sexual orientation.

Black Knight: Mortgage forbearances finish February with weekly increase

The increase follows a decline earlier in February that cut the number of homeowners in forbearance plans to less than 2.7 million, the first dip below that threshold since April 2020.

Houston brokers skeptical of Zillow deal

The news that Zillow is purchasing ShowingTime for $500 million sent shockwaves through the residential real estate industry in February.

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.

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