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Tag Archives: NAR

Distressed Properties Contribute to Low Average Market Time

The May 2017 Existing Home Sales Index was released Tuesday, showing that even though inventory is slightly on the rise compared to April 2017, median home prices are still increasing as well. Existing, unsold properties are coming off the market at record times, and foreclosures and short sales are contributing factors. Some industry professionals, however, wonder how long this trend will last.

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Post-Foreclosure Stress Disorder: Barriers Keeping Buyers from Market

U.S. homeownership rates have been at a 50-year low despite improving local job markets and historically low mortgage rates. A recent report said there are five main barriers preventing a large number of individuals from purchasing a home: post-foreclosure stress disorder, mortgage availability, the growing burden of student loan debt, single-family housing affordability, and single-family housing supply shortages. Industry professionals explain what needs to be done in order to reverse the problems at hand.

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The Profile of Today’s Realtor

dream home

Despite inventory problems and rising mortgage rates, today’s realtor is enjoying more sales and more income, according to new data. The typical realtor has seen an 8-percent jump in income, rising from $39K to $42K over the year. The number of new entrants to the field is also up.

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Industry Reacts to Rumored Freddie Mac Move

Freddie Mac may be moving toward backing loans that finance single-family rental (SFR) homes. If the reception is similar to when Fannie Mae backed Invitation Homes is January, expect mixed reactions from the industry.

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