National News

Compass, Guaranteed Rate launch loan origination company OriginPoint

Two of the largest leaders in the real estate market are joining forces to form a new mortgage origination company.

What the condo collapse means for agents, sellers and buyers

The Champlain Towers South collapse emergency is ongoing, and some experts say they expect condo sales, in what was a roaring condo market in Miami, to struggle from the impact. What can agents, sellers and buyers anticipate?

Will Gen Z be the mortgage generation?

Millennials were once referred to as the “renter generation” because of their preference for apartment living in urban areas over purchasing a home in the suburbs like their Baby Boomer parents.

What’s the median age for construction workers?

The median age of construction workers is 41, the same as a typical worker in the national labor force, according to the National Association of Home Builders’ analysis of the most recent 2019 American Community Survey data.

High-end home sales, prices jump as market flourishes

High-end home sales surged in the three months ended April 30 as prices also rose and listings increased.

Regulations add almost $94K to new home prices

A recent NAHB survey shows that regulatory costs imposed by the government account for $93,870 (or 23.8%) of the current price of new homes.

Who made up the National Association of Home Builders in 2020?

The National Association of Home Builders published the results of its Special Study for Housing Economics, highlighting the 2020 annual census of who makes up its members.

NAR: ‘Don’t panic, keep contracting’

The National Association of Realtors sends a message to members that it is working to ensure that the proposed Protecting the Right to Organize Act will not hurt their status as independent contractors.

Housing observers expect February job gains to continue

“More jobs are very likely, due to the near certain passage of the $1.9 trillion stimulus package and from two million vaccinations per day,” National Association of Realtors chief economist Lawrence Yun said in a release.

How will the stimulus bill help real estate?

The stimulus bill includes aid for state and local governments, new homeowners, small businesses and renters.

U.S. House passes Equality Act to prohibit discrimination

The House of Representatives has approved the Equality Act, which establishes legal safeguards to prevent discrimination in housing based on sexual orientation.

Black Knight: Mortgage forbearances finish February with weekly increase

The increase follows a decline earlier in February that cut the number of homeowners in forbearance plans to less than 2.7 million, the first dip below that threshold since April 2020.

RE/MAX, NAREB take on homeownership racial gap

The National Association of Real Estate Brokers has joined the RE/MAX Strategic Alliances program to help grow homeownership among minority groups.

Median home sales price nears record-high

The median sales price in the first month of 2021 was up 11.8% from January 2020 to $285,000, nearly matching the record high of $290,000 set last August.

Home sizes expected to rise in post-COVID world

After declining for years, the size of new single-family homes has begun to level off as consumers spend more time at home, a National Association of Home Builders analysis found.

NAR finds fewer Black Americans own homes than other groups

NAR put together its “Snapshot of Race and Home Buying in America” report to study the hurdles that persistently block minorities from owning homes.

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