National News

New unemployment claims spike, though continuing claims fall

Economic recovery slumps as initial jobless claims unexpectedly jump.

Homeowners in blue counties headed to red, swing counties

Redfin looked at the number of prospective homebuyers searching in the second quarter who wanted to change counties. Home search data revealed that 6.5% fewer people were looking for homes in blue (Democratic) counties than in swing or red (Republican) counties.

Commercial-to-apartment conversions on the rise

The 2010 decade grew the amount of overall building conversions from about 2,000 units converted in the 1950s to roughly 97,000 over the last decade.

Construction employment up in latest jobs report, though still below pre-pandemic levels

The U.S. economy has recovered approximately half of the 22 million jobs lost during the height of the pandemic, according to the Labor Department.

NAR helps secure federal funds for transportation, flooding

It was a hard-fought effort to procure federal funds in the middle of a recession, but NAR announced that the president is poised to sign a bill that provides money for road projects and flooding.

@properties rolls out national franchise program

The Chicago-based brokerage is taking it to the next level by going national.

Who’s doing better in home sales, liberals or conservatives?

A new report by Redfin shows counties of both political stripes are benefiting from a booming real estate market. See how the numbers break down.

Civil rights group sues to halt CDC eviction moratorium

The lawsuit also argues that the feds are commandeering state courts and officers to implement an unconstitutional federal law.

Coldwell Banker announces national partnership with St. Jude Children’s Research Hospital

Highlighting the value of home, Coldwell Banker recently launched a new program to support St. Jude Children’s Research Hospital and its programs.

NAR to White House: What about the landlords?

National Association of Realtors President Vince Malta met with White House officials yesterday to press for emergency rental assistance to go directly to landlords whose tenants cannot pay their rent.

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.

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