National News

Real Estate in Brief: Amazon HQ2 split, baby boomers are retiring with more debt and less savings and more

Amazon announced that Long Island, New York and Washington D.C., Virginia will be the new locations of its second headquarters, ending the year long public contest. The company’s raffle attracted 238 candidates only to end in a surprise twist: the division of

Technology plays crucial role in customer mortgage satisfaction

Customers favor digital origination channels during the mortgage process and are more satisfied with mortgage companies that integrate technology, according to J.D. Power’s 2018 U.S. Primary Mortgage Origination Satisfaction Study. Last year, mortgage customer satisfaction declined with respondents indicating

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National Association of Realtors scores permit for headquarters renovation

The National Association of Realtors was cleared to add two new floors to their 12-story headquarters on Michigan Avenue in Chicago. The plan was first announced earlier this summer and NAR received its first construction permit earlier this month. The

Real Estate in Brief: Tiny homes in big demand, technology makes for better customer service and more

Americans are discovering the big benefits of smaller living as CNN Business reported the growing demand for tiny homes. A recent National Association of Home Builders (NAHB) survey found that over half of Americans would consider living in home

Post-9/11 veterans struggle with housing affordability

With more than 20 million U.S. military veterans in the United States today, it’s important to recognize the specific challenges that they face when they reenter the job and housing markets as they return home. A new study from

Real Estate in Brief: Moms are moving to more affordable markets, rent hits new highs and more

A new Zillow analysis found that women with a newborn searched for homes in a market where houses cost $11,500 less than their previous market, undetermined of whether they moved with a partner or family member. For some, this transfer between markets

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Real estate community welcomes new Congress after 2018 midterms

With the midterm elections resulting in a split Congress, many national housing and finance organizations expressed cautious optimism for the future — though several key issues remain in question as 2018 draws to an end. The Center for Responsible

Generation Z is saving for homeownership by age 25

Generation Z is just starting to come into adulthood, but they are already preparing for homeownership, according to a realtor.com survey. The study found that those in Gen Z, those who are currently age 18 to 24, who are interested purchasing a home

Renters more likely to struggle than homeowners to meet basic needs

Housing, regardless if you rent or buy, can be a pricey expenditure. But for renters, missing monthly payments may lead to severe consequences like damaged credit scores to being evicted. For some renters, these monthly payments put pressure on

National Association of Realtors installs 2019 Leadership

John Smaby was installed as 2019 president of NAR during the 2018 Realtors Conference & Expo. Smaby was the 2018 president-elect and the 2017 first vice president. Smaby has also held numerous positions nationally and with Minnesota Realtors, where

Real Estate in Brief: Millennials seek influencers in real estate, Realogy plans for expansion, real estate tech week and more

Engel & Völkers partnered with Researchscape in a study surveying over millennials on their definitions of luxury, examining factors that impact their purchasing habits and how brands and real estate professionals can appeal to this demographic of wealthy youth. The report was titled “Meet HENRY: Influencing The Next

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The top headlines from the 2018 National Realtors Conference and Expo

The National Association of Realtors hosted its annual Realtors Conference and Expo in Boston last weekend, packed with four days full of keynote addresses by the likes of Mark Wahlberg, panel discussions, workshops and much more. For those who

Teamwork makes the dream work for Realtors

More Realtors are becoming part of a real estate team,­ as consumers are increasingly wanting experts in certain specialties throughout the course of their buying or selling process. The National Association of Realtors’ 2018 Teams Survey found that 26

Real Estate in Brief: Record-high lobbying spending driven by midterm elections, and more

The amount of third quarter spending on political lobbying is at a record high since 2010, with $2.6 billion spent and the National Association of Realtors is one of the top spenders. The total amount of money expended is up by

Case-Shiller: Annual home price gains fall below 6 percent in August

The S&P CoreLogic Case-Shiller national home price index grew 5.8 percent in August, slowing slightly from the 6.0 percent gain seen in July. The 10-City composite is up 5.1 percent, while the 20-city composite grew 5.5 percent. On a

Real Estate in Brief: Opendoor’s bonus credit, hidden doorways gaining popularity, and more

  The home-trading startup Opendoor has made several changes of approach when attracting homebuyers in the Pheonix and Dallas- Fort Worth markets. The company has featured a bonus $1,000 credit to buyers who purchase Opendoor’s for sale homes in these markets; whether through an Opendoor “partner agent” or through a direct purchase on their

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