National News

Late spring is prime time to sell home

The spring housing market is expected to be one of the most competitive in years, making it a seller’s market across the country. But that’s not the only reason why homeowners who have been considering selling should do so

HUD marks the 50th anniversary of Fair Housing Act amid controversy

On April 11, the U.S. Department of Housing and Urban Development (HUD) will mark the 50th anniversary of the Fair Housing Act at a ceremony in Washington, D.C. However, some of HUD’s recent actions have received a significant amount

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Real Estate in Brief: REAL Trends reveals nation’s largest brokerages, rents spike and more

REAL Trends, a real estate brokerage news source, recently released its 2017 REAL Trends 500, a ranking of the nation’s leading residential real estate brokerage firms. NRT LLC sits atop the list as the largest residential brokerage company in the country, with 346,942

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NAR 2019 budget proposal includes larger focus on political efforts

The National Association of Realtors has released its 2019 budget plan, which includes approximately $35 million in new programming. The plan — dubbed the S.M.A.R.T. Initiatives: Strategic Measures Advancing Realtors to Tomorrow — will increase dues for each of

Millennials spend nearly half their income on rent

It’s common for millennials to be thinking about buying a home or starting a family, but increasing rent prices are holding back many from making the leap into homeownership. An RentCafe analysis of data dating back to 1974 revealed that

US pending home sales rose in February

National pending home sales increased 3.1 percent from January to February, according to the Pending Home Sales Index from the National Association of Realtors. Despite this increase, the index is still down 4.1 percent from last year to 107.5, likely held

Facebook sued for housing discrimination

The National Fair Housing Alliance (NFHA) filed a lawsuit against Facebook in federal court on March 27, claiming the company’s advertising platform “enable[s] landlords and real estate brokers to bar families with children, women, and others from receiving rental

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NAR survey reveals dichotomy between housing, economic sentiment

The number of households feeling confident about the economy and their current financial situation is decreasing, which directly impacts their housing sentiments, according to the National Association of Realtors’ Housing Opportunities and Market Experience (HOME) survey. Homeowners are increasingly positive about

Homebuyers gear up for a competitive spring market

The spring buying season is expected to be driven by record-breaking inventory lows and a flood of buyers, including those who were unable to snag a home last year. According to a new realtor.com survey of active buyers, this season is

Homeowners have gained the highest amount of equity in four years

The average American homeowner gained about $15,000 in home equity in 2017 — the most since 2013, according to the latest CoreLogic Equity Report. Higher home-equity wealth typically promotes higher spending, and IHS Markit analysis predicts that a gain

Starter home market is worst of all housing segments

The starter home sector is faring worse than the housing market as a whole, according to a recent report by Trulia. Despite overall housing inventory being up 3.3 percent, starter home inventory decreased 14.2 percent from last year to this

The effect of tax reforms on homeownership

The recently passed Tax Cuts and Jobs Act of 2017 makes significant changes to tax benefits for homeowners, including decreasing the limit on borrowing subject to the mortgage interest deduction from $1 million to $750,000, and capping deductions for both

Almost 100,000 members of Generation Z own homes

More than 99,000 members of Generation Z — those born in 1995 or after — have mortgages, according to credit agency TransUnion. While this is less than than every other generation — compared to more than 12 million millennials, nearly 24

After two months of declines, US existing-home sales increase in February

After two consecutive months of decline, existing-home sales around the country rebounded by 3 percent from January, according to the National Association of Realtors. Existing-home sales grew from 5.38 million in January to 5.54 million in February and are currently up 1.1 percent

Real Estate in Brief: Affordable 3-D printed home makes its debut at SXSW

Source: ICON A Texas-based startup is attempting to tackle the affordable housing issue with a 3-D printed house. ICON unveiled its 650-square-foot 3-D printed house at SXSW 2018. The house would be made of cement and take up to

Qualia’s home-closing platform expands industry reach

Closing is often one of the hardest parts of the home purchasing and selling process due to the difficult process of getting all involved parties on the same page at the same time. Qualia, a web-based software platform, aims

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