National News

Mortgage applications down slightly as some consumers wait for another rate drop

A new report from the Mortgage Bankers Association shows a slight drop in mortgage application volume amid expectations of further mortgage rate reductions.

New report highlights down payment programs to assist first-time buyers

More than 2,000 down payment and closing cost assistance programs are available to help eligible buyers, according to the latest 2020 Homeownership Program Index.

Unemployment down in August, but long-term damage continues

The U.S. economy added 1.4 million new jobs in August, but one economist warns that permanent job losses are a bigger problem.

Gender pay gap in commercial real estate grows to ‘staggering’ levels

This year’s release of the CREW Network’s benchmark study shows some backsliding in the industry, though there were a few bright spots as well.

CDC imposes eviction moratorium through 2020

Real estate industry associations oppose the decision and are calling on Congress to provide rental assistance to housing providers.

Best. Month. Ever. July home sales beat out 2019 by nearly 9%

Nationwide, the rebound is in full swing with sales experiencing their best month in the history of RE/MAX’s National Housing Report.

Builder confidence reaches record high in August

The National Association of Home Builders/Wells Fargo Housing Market Index is looking good, but could lumber prices stall the growth?

NAHB to President Trump: Skyrocketing lumber prices threaten the economy

With lumber prices through the roof, the NAHB is asking the federal government to step in and help.

Nation’s residences increase in equity in second quarter

ATTOM Data Solutions’ report of increased equity in residences across the country could be good news for the nation’s ability to absorb potential wave of foreclosures.

Unemployment drops again, but long road to recovery remains

Nearly two million jobs were restored in July, as the economy struggles to return to pre-pandemic levels.

Texas No. 3 for foreign homebuying

Foreign investors have taken pause when it comes to buying U.S. residential real estate, but better opportunities may be around the corner, according to the National Association of Realtors.

Economists predict rally after deep Q2 dive

The U.S. economy suffered a titanic plunge in the second quarter, although economic activity is expected to increase in the third quarter.

Report finds rise in consumer finance complaints during pandemic

LendEDU finds 44% increase in complaints compared to previous year

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.

Oops! We could not locate your form.