National News

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.

High home prices and low inventory likely to persist in 2021

First American Chief Economist Mark Fleming has predicted that homebuyers are likely to face higher prices, and an inventory crunch, in 2021.

Loan limit boost of 7.4% good for Houston buyers

This means homebuyers will be able to borrow up to the new level without triggering higher interest rates.

Housing starts up, but will it last?

A new report has good news for housing construction, but will it hold through next year?

Realogy Franchise Group names new president and CEO

She will oversee the franchise operations of Better Homes and Gardens Real Estate, CENTURY 21 and ERA. Yannaccone also will lead the company’s efforts in the franchise and owned operations of Sotheby’s International Realty and Corcoran.

Here’s what President-elect Joe Biden’s housing plan looks like

With a plan to invest $640 billion over 10 years and vows to end discriminatory and unfair practices in the housing market, including “redlining,” President-elect Joe Biden’s housing policy agenda looks to protect low-income and housing-insecure households.

Labor market shows improvement in latest jobs report

The latest jobs report shows improvement, with another 638,000 net job gains and the unemployment rate slashed to 6.9%.

Expect fall price gains, but 2021 could see a cooling market

The new S&P CoreLogic Case-Shiller Home Price Index reveals record-breaking August for home sales, up 21% over the 2006 pre-Great Recession high.

Houston home sales up 24.9% in September

In Houston, the number of transactions dropped 2.1% from the previous month to 9,183.

First American: Homesellers playing ‘musical chairs’

Homesellers continued to sell homes to each other in September, making the market resemble a game of ‘housing musical chairs,’ according to First American chief economist Mark Fleming.

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