National News

NAR reports a decrease in international home sales

The housing market’s low supply and high prices have been affecting residents across the nation for a while, but now experts are starting to see these trends harm international home purchases in the U.S. According to a news report,

House passes National Flood Insurance Program extension

The House of Representatives passed a bill to extend the National Flood Insurance Program for another month. But with less than one week until the current program is set to expire, it’s up to the Senate to pass the

Which cities have the most competitive housing markets?

  Redfin unveiled a new metric, the Redfin Compete Score, which ranks cities based on how competitive the homebuying market is in that area. The scale ranges from not very competitive, where multiple offers are rare and homes take

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How much school districts matter to new homebuyers

Many homebuyers are willing to compromise on almost anything except location. But according to new survey data from realtor.com, “location” has become synonymous with school district. Of all successful buyers surveyed, 73 percent say school boundaries are “important” to

June 2018 Realtors Confidence Index: Quicker sales, higher prices

The June 2018 Realtors Confidence Index Survey is in, which analyzed the characteristics of buyers and sellers last month as well as issues that affect homeownership and real estate transactions based on the responses of 50,000 Realtors. Overall, the report

Single-family starts in 2017 were under pre-recession levels

There was an increase in single-family home starts in 2017 compared to the year prior, but the national average still fell short of normal levels seen before the recession. The 2017 Survey of Construction, released by the National Association

Realtor.com report ranks most profitable housing markets

Buying a home has always been considered a sure way to increase one’s wealth, but the recent state of the housing market leaves some people hesitant to purchase a home due to persistently high prices. Over the long term,

Fannie, Freddie will not update credit score models in 2018

The Federal Housing Finance Agency (FHFA), which acts as the chief regulatory authority for government-sponsored mortgage finance firms Fannie Mae and Freddie Mac, announced it was no longer pursuing an effort to update the credit scoring models used to

Overstock.com enters real estate market with new management site

Overstock.com is breaking into the real estate market with the upcoming launch of O Real Estate, its new property management site. Overstock purchased Houserie in February, establishing a foundation for their overall goal: to be a one-stop real estate

Existing-home sales down in June despite inventory gains

Existing-home sales fell in June for the third straight month, according to the latest report from the National Association of Realtors. Completed transactions on single-family homes, condominiums, townhomes and co-ops fell 0.6 percent to a seasonally adjusted annual rate

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Real Estate News in Brief: NAR supports 21st Century Internet Act, $43 million HUD grant and more

Last week, the National Association of Realtors shared its support for the 21st Century Internet Act introduced by Rep. Mike Coffman. The act seeks to take net neutrality out of the hands of the Federal Communications Commission (FCC) and

Millennials and baby boomers defy assumed market trends

Millennials and baby boomers, the two largest demographic groups in history, are not as predictable as many home developers thought. UrbanLand reports that millennials — people age 37 and younger — are not too crazy about the urban, renting

Single-family home construction rate drops in June

Construction activity for single-family homes declined in June, according to the latest monthly report from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. Single-family home starts in June 2018 were at a seasonally adjusted annual

Homeownership with no mortgage is a goal for future retirees

Alongside travel and leisure, a recent study by Voya Financial identified homeownership as one of the most important goals that people wish to achieve by the time of their retirement, reported HousingWire. In fact, 80 percent said they wish to

Luxury home market sees significant gains due to upward economic trends

With high-paying job growth and upward stock market trends, the luxury home market has seen significant changes in the first half of 2018, according to realtor.com. Despite luxury home prices rising 4.6 percent for $1 million plus homes, sales

The reasons why millennials don’t own a home

Millennials have turned out to be the largest generation in history, but surprisingly, they make up the smallest percentage of U.S. homeowners among all generations. Although most millennials, those ages 18 to 34, have reached their peak homebuying years,

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