National News

How agents are working around the cyberattack that shut down MLS access in parts of 12 states

MLS freeze strikes agents in Florida, Massachusetts, Indiana, New York, California and elsewhere.

Housing starts rebound in July after June slump 

Single-family home permits and completions, meanwhile, also rose, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 

Nearly half of homeowners now are considered ‘equity-rich’

Homes where the loan-to-value ratio is 50% or lower — equity-rich homes — are on the rise, which is good news for homeowners.

Monthly mortgage payments up nearly 20% from 2022

Meanwhile, July’s home sale prices had their highest increase since November.

14 Houston master-planned communities make RCLCO’s Mid-2023 Sales Top 50

Sales in Houston master-planned communities made up 24% of all MPC sales in the first half of 2023.

Homes are selling above asking price for first time in nearly a year

For the first time in almost 12 months, the average U.S. home is selling above its asking price, as the average sale-to-list price ratio hit 100.1% earlier this month

NAR launches podcast highlighting Realtor safety

Set to debut on July 17, “Drive with NAR: The Safety Series” will be hosted by former real estate agent and expert, Tracey Hawkins.

Former employee sues NAR, alleges discrimination by President Kenny Parcell

The National Association of REALTORS® has been named in a new lawsuit by Janelle Brevard, the organization’s former chief storyteller. NAR President Kenny Parcell is named multiple times in the complaint.

Houston is the most cost-effective city in the world

Houston was identified as the most cost-effective city in the country — with a relatively low inflation rate and the cheapest apartments, the Bayou City is one place where residents may have extra money to spare after their weekly expenses.

Houston the top city for real estate development

Houston came in at No. 1, followed by four other Texas cities: San Antonio, Austin, Fort Worth and Dallas, respectively.

National and local housing resources for LGBTQ+ youth

One organization working to combat LGBTQ+ youth housing insecurity in Houston is the Montrose Grace Place.

Why the current market is toughest on first-time buyers

Price hikes are slowing down and inventory is up — generally — but less expensive homes are bucking larger market trends. According to Zillow, the price of bottom-tier homes increased 8% year over year, while bottom-tier inventory increased just 1%.

The new American luxury home, according to the National Association of Home Builders

According to the NAHB, The New American Home® represents the latest in luxury real estate. It was unveiled at their recent tradeshow.

Guaranteed Rate launches new reverse mortgage training for loan officers

Guaranteed Rate is adding more support systems and training for loan officers to boost its reverse mortgage program.

Mortgage rates decline for fourth consecutive week

This was the fourth week in a row of declines, leaving prospective buyers hopeful for sustained low rates throughout spring homebuying season.

Multigenerational homebuying and mortgage-readiness fueling Latino homeownership rates

“Latinos are more mortgage ready. Latinos have made strides in income and are more educated in the homebuying process,” said Nidia Fromenta Peguero of Century 21 North East in Danvers, Massachusetts. “They don’t want to rent anymore.”

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