National News

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.”

Jennifer Wauhob named NAR’s 2023 vice president of association affairs

Vice President of Association Affairs Jennifer Wauhob brings over a decade of experience to her new role with NAR.

Texas is home to some of the best cities to start a business

One major business-friendly perk in Texas is the statewide 0% corporate income tax.

These Texas cities are the safest in the nation

Four out of the top five safest cities in America are in Texas, according to a new report from SmartAsset.

Marki Lemons Ryhal to host NAR podcast: ‘Drive With NAR’

Chicago real estate legend Marki Lemons Ryhal has been named the new host of the National Association of REALTORS®’ monthly podcast, “Drive with NAR.” The first episode debuts Feb. 6.

Court sides with National Association of Realtors, halts antitrust investigation 

The Department of Justice must close its reopened antitrust investigation into the National Association of Realtors, a federal judge ruled this week.

Texas is the No. 1 state for growth, according to U-Haul

The report also shows that one-way U-Haul arrivals actually increased in Texas from 2021 to 2022.

NAR tips to comply with the Fair Housing Act

Potential buyers want real information about the communities they’re shopping in. And while agents may feel like experts, their answers must always comply with fair housing laws. To help, the National Association of REALTORS® released some advice.

Anywhere Real Estate Inc. cuts workforce, ends iBuyer operation

The firm’s subsidiaries include Century 21, Coldwell Banker, Corcoran Group and Sotheby’s International.

NAR: High mortgage rates bring third monthly decline in pending-home sales 

The National Association of REALTORS® expects existing-home sales to close 2022 15.2% lower compared to 2021, thanks to economic uncertainty and rising mortgage rates. 

New-home sales post unexpected rebound in August 

Sales of new homes in the U.S. jumped 28.8% between July and August, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.  

NAR: Existing-home sales fell in August while prices rose 

The median existing-home price for all housing types in August was $389,500, a 7.7% rise from the year before. 

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