While NAR found an uptick in homes purchased by international buyers over the past year, the 98,600 sold marked the fewest number of sales recorded by this segment since 2009.
Read More »Institutional Buyers Accounted for 13% of Residential Sales in 2021
An examination of institutional home buyers by NAR found that this segment of buyers comprised 13.2% of the nation’s residential property sales in 2021, up from 11.8% in 2020.
Read More »Pending Home Sales Rise Slightly From April
Pending home sales inched higher in May, ending a six-month streak of declines, according to the National Association of Realtors. Regionally, month-over-month results were mixed as the Northeast and South experienced increases while the Midwest and West posted decreases. Year-over-year ...
Read More »FHFA Issues Equitable Housing Finance Plans for the GSEs
The multi-year Federal plan was drafted to outline initiatives geared toward the promotion of equitable and sustainable access to housing for all.
Read More »Breaking Down Local Impacts of a Home Sale
The foundation of wealth-building throughout the country for the masses remains firmly entrenched in real estate. A first-class asset, real estate now represents 17% of the country’s GDP and represents a major driver of the economy as a whole. Asking ...
Read More »Q1 Ends With U.S. Home Prices on the Upswing
Homebuying reached new highs in March, as buyers clamored to lock in rates and close deals prior to a spike in mortgage rates amid inflationary concerns.
Read More »More Homeowners Are Staying Put Longer
With the average length of time Americans remain in their home now exceeding 10.5 years, rising mortgage rates will continue to discourage existing homeowners from selling their homes and further curb migration, according to a report.
Read More »Senate Confirms Thompson as FHFA Director
In service as Acting Director of the FHFA since June 2021, former FDIC executive officially begins her term as FHFA Director after a 49-46 Senate vote.
Read More »Distressed Home Sales Down 2% YoY in April
NAR reports that foreclosures and short sales represented less than 1% of total home sales in April 2022, but down slightly from April 2021’s totals.
Read More »Industry Reaction: Senate Confirms Julia Gordon as FHA Commissioner
After a re-nomination by President Biden, Julia Gordon has been confirmed by the Senate to serve as Commissioner of the FHA/Assistant Secretary of HUD.
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