National News

New residential mortgages hit 14-year high
New residential mortgages hit 14-year high

Lenders issued $1.06 trillion worth of mortgages in the fourth quarter of 2020 with refis contributing to the boost.

Housing observers expect February job gains to continue
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.

Fathom Holdings acquires Red Barn Real Estate
Fathom Holdings acquires Red Barn Real Estate

The deal will add approximately 230 agents to the Atlanta footprint of Fathom’s cloud-based brokerage, Fathom Realty LLC.

How will the stimulus bill help real estate?
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
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
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.

Redfin to acquire Atlanta’s RentPath for $608 million
Redfin to acquire Atlanta’s RentPath for $608 million

Redfin does not expect to hire agents to represent renters, “at least for now,” as it focuses on expanding its homebuying business in 2021.

RE/MAX, NAREB take on homeownership racial gap
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.

Atlanta agents skeptical of Zillow deal
Atlanta agents skeptical of Zillow deal

The news that Zillow is purchasing ShowingTime for $500 million sent shockwaves through the residential real estate industry in February.

NAR finds fewer Black Americans own homes than other groups
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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