National News

Forbearance rate drops to 4.5%
Forbearance rate drops to 4.5%

As the economy slowly recovers from the early days of the pandemic, the share of loans in forbearance dropped for the seventh consecutive week, signifying a 40-basis-point decrease in the last two weeks.

HUD Sec. Fudge: ‘We will enforce U.S. Fair Housing Act’
HUD Sec. Fudge: ‘We will enforce U.S. Fair Housing Act’

Housing secretary reaffirms U.S. commitment to closing the racial homeownership gap at a forum with NAR president and top housing officials.

U.S. Supreme Court decision makes it easier for brokers to market their business
U.S. Supreme Court decision makes it easier for brokers to market their business

Brokers may use their cell phones to make marketing calls and send marketing texts, if the cell phone does not have an app that will automate the dialing system.

Housing supply shortage expected to continue for some time
Housing supply shortage expected to continue for some time

The housing supply shortage is expected to get more extreme as homebuyer demand continues to outweigh inventory levels, a new study found.

How does credit scoring impact fair lending and minority home ownership?
How does credit scoring impact fair lending and minority home ownership?

“A credit report and credit score are the gateway to a mortgage,” — NAR President Charlie Oppler.

Redfin closes $608 million takeover of RentPath early
Redfin closes $608 million takeover of RentPath early

RentPath’s sites, which include ApartmentGuide.com, Lovely, Rent.com, and Rentals.com, will continue to operate as normal while their listings are integrated with Redfin.com, a process that is expected to wrap up in 2022.

Home prices hit 15-year high nationwide
Home prices hit 15-year high nationwide

Nationally, home prices increased by an average of 10.4% over the previous year, representing the largest year-over-year gain since April 2006.

Interest in tiny homes grows as popularity rises
Interest in tiny homes grows as popularity rises

While pandemic headlines had many leaving cities and moving to the suburbs or looking for additional space in their current home, interest in tiny homes was little remarked upon.

New home sales slide nationwide
New home sales slide nationwide

Much of the year-over-year increase in home sales was supported by continued robust activity in the Southeast, which saw a 20.2% rise to an annual rate of 458,000 transactions.

Ending 1031s hurts land conservation, farmers
Ending 1031s hurts land conservation, farmers

The land conservation and farming communities need to come together and let Congress know how vital the like-kind exchange is to the future of our land and that it must continue.

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