National News

Those looking to buy a house will be paying a premium as inventory continues to be an issue.

Kenny Parcell has resigned as president of the National Association of REALTORS® following a recent bombshell report by the New York Times into allegations of sexual harassment within the organization.

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

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.

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

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

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

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

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

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

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

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%.

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

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