Lenders issued $1.06 trillion worth of mortgages in the fourth quarter of 2020 with refis contributing to the boost.
“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.
The deal will add approximately 230 agents to the Atlanta footprint of Fathom’s cloud-based brokerage, Fathom Realty LLC.
The stimulus bill includes aid for state and local governments, new homeowners, small businesses and renters.
The House of Representatives has approved the Equality Act, which establishes legal safeguards to prevent discrimination in housing based on sexual orientation.
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.
Redfin does not expect to hire agents to represent renters, “at least for now,” as it focuses on expanding its homebuying business in 2021.
The National Association of Real Estate Brokers has joined the RE/MAX Strategic Alliances program to help grow homeownership among minority groups.
The news that Zillow is purchasing ShowingTime for $500 million sent shockwaves through the residential real estate industry in February.
NAR put together its “Snapshot of Race and Home Buying in America” report to study the hurdles that persistently block minorities from owning homes.