Here’s what NAR wants in the next versions of Fannie and Freddie

The advocacy group hopes things like the 30-year mortgage and affordable credit stick around for the foreseeable future BYJIM DALRYMPLE II The largest real estate trade and lobbying group in the U.S., the National Association of Realtors (NAR), believes Fannie Mae and Freddie Mac need reforms. But NAR also said on Friday that any changes should […]

How the government shutdown is impacting homebuyers

Realtors and loan originators offer advice on navigating the shutdown BYPATRICK KEARNS A partial shutdown of the U.S. government has entered its sixth day as both Democrats, Republicans and President Donald Trump dig in their heels over partial funding for a wall or partition structure along a small portion of the U.S. southern border and […]

9 tips for filing insurance claims after a catastrophe

The damage has been done — now it’s time to make the rebuilding process as painless as possible  (By BERNICE ROSS) Whether it’s a hurricane like Florence, a tropical storm like Lane or a flood, tornado, earthquake or fire, it can take years to resolve a major insurance claim and restore your property. In 1994, I […]

Permitting slowdown has cost the US 6.3M new homes

The country still hasn’t recovered from the shock of the 2008 financial crisis BY PATRICK KEARNS Single-family home construction in the U.S. has never really recovered from the 2008 market crash. In fact, ever since that year, permits for new single-family homes have been issued at significantly lower rates, causing the U.S. to miss out on an estimated 6.3 […]

Fed hikes rates in sign of economic confidence

The incremental hike marks the third such hike in 2017 and sets the stage for what will likely be three or four adjustments in 2018  BY JOTHAM SEDERSTRO Sticking to a script that economists and real estate analysts had long anticipated, outgoing Federal Reserve Chairwoman Janet Yellen on Thursday announced a modest benchmark interest rate hike […]

A month in review: The August housing market (National)

The month was full of setbacks due to low inventory Key Takeaways by MARIAN MCPHERSON Inman Staff Writer Here’s a recap of pending home sales, existing home sales, price indices and studies from NAR, S&P Dow Jones, Zillow and Trulia. Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel Every month, economists release […]

Freddie and Fannie’s appraisal-free mortgages to slash closing times

Mortgage Guarantor’s use of AVMs will be Boon to Buyers, Gut-punch to Appraisers When real estate broker Hank Miller explains the mortgage process to buyers, he gives it to them straight. “It’s going to be the biggest pain in the ass that you’ve been through,” he says. Freddie Mac and Fannie Mae, government-owned entities that […]

Boost in rental construction keeping would-be buyers at bay

The rental market is benefiting from a record year of new apartment construction While the housing market continues to deal with the inevitable strain of low inventory, the rental market is benefiting from a record year of new apartment construction that is stabilizing rent growth and making would-be buyers think twice about transitioning into homeownership. […]