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The Rate Spike Will Damage The Recovery: Fed Intervention Needed
...to levels not seen since October 2008. Cost of Debt In addition, Pending Home Sales, a reliable leading indicator of housing activity, has flattened. That’s not a wonder. In December, the......

My Favorite Placemaking Projects
...National Association of REALTORS® Placemaking Grant has been around since 2014 and NAR has provided over $1.4 million in funding to help build pocket parks, community gardens, trails, parklets......

January 2021 NAR SentriLock Home Showings Report
The new indicates that there was an increase in nationwide foot traffic on a month-over-month basis. Nationally, Sentrilock home showings were up 13% year-over-year. Sentrilock showings were 827,154......

Should You Refinance Your Mortgage Before Rates Go Higher?
With mortgage rates near historic lows, it seems like all anyone who owns a home talks about right now is refinancing. If you own, too, you might wonder: Is now the time......

Mortgage and real estate news this week: Changing geographies and Black homeownership rates
...s gone on in the real estate market. We all know that mortgage rates have been low, and working from home has shifted many buyers’ property tastes. Here are some of the ways that has played out......

Mortgage Rates Rise But Stay Near Historic Lows
...lows to average near 3% this week. The 10-year Treasury yield, which mortgage rates closely follow, hit its highest level in the past year, prompting the increase in rates. “As the economic......

Homeowners Are Now Eligible for Up to 18 Months of Forbearance
...plan as of Feb. 28. The FHFA also announced a moratorium on foreclosures and real estate evictions for single-family mortgages backed by Fannie Mae and Freddie Mac through June 30. The moratorium......

The Impending Distressed-Multifamily Wave: How Big and How Far?
...partially or fully reversed. Traditional market clearing mechanisms such as evictions and foreclosures have been paused creating uncertainty over the duration of the distress lag period. In......

GlobalTranz And Echo Global Logistics Both Report 40 Percent Fourth Quarter Revenue Growth
...continued surge in consumer goods manufacturing, retail shelf restocking, and a strong housing market. Drivers continue to be in short supply with 34,000 drivers in the Federal Motor Carrier......

Redfin CEO likens housing inventory crunch to ‘Soviet-era supermarket’
...new high of $343,961 from $309,937 the year prior. "The housing market is now like a Soviet-era supermarket, with most of the shelves empty," Redfin CEO Glenn Kelman said in the report. “ Migrations......

January 2021 Pending Home Sales Highlights
NAR released a summary of pending home sales data showing that January’s pending home sales pace declined 2.8% last month but rose 13% from a year ago. Pending sales......

REALTORS® Confidence Index: January 2021 Highlights
...3-Month Outlook registered at 49 REALTORS® expect a 3.0 increase in home sales in the next 3 months vs the same period one year ago. REALTORS® expect a 4.9 increase in home prices in the next......

Home prices continue historic rise, setting another new record
...of cities and into suburbs in search of more space. But, rebounding mortgage rates are just beginning to squeeze housing affordability. “Higher mortgage rates mean the red-hot housing market......

MBA Announces the 2021 Members of its Affordable Housing Advisory Councils Feb 26, 2021
...intersect, our members will work to help ensure a healthy and equitable housing market."     "MBA remains committed to overcoming the various obstacles affecting the supply of affordable housing......

Mitigating Construction Risks in Uncertain Times
...with increased yield comes increased risk. After the Great Recession studies by FDIC and the Office of the Inspector General (OIG) showed that some lending institutions with high construction......

Today’s Best Mortgage Rates, February 26th, 2021 : Rates rise
Multiple key mortgage rates advanced today. Rates remain near historic lows, with the average 30-year rate 0.98 percentage points below the 2019 annual average rate. See below for an interactive......

How Long Will Home Run Last For Lowe’s And Home Depot?
...long runway of success ahead of them? Consider these factors: • The housing market itself remains strong…very strong. Sales of existing homes rose in January to the second highest rate since......

Home Sales Will Keep Growing, Even If Rates Rise. Here's Why
Topline While mortgage rates have been rising lately – in tandem with climbing 10-Year Treasury yields – most housing experts think home sales will remain brisk this year as rates remain low......

Bonds Hold The Key: Wall Street Feels Calmer After Harrowing Thursday, With Yields Stepping Back
...goods and orders both came in way above expectations, and so did new home sales. Consumer confidence rose in February, and initial unemployment claims fell last week (though some of the decline......

Mortgage rate deals for February 25, 2021: Top offers from lenders
...you like. Just don’t do so without shopping around first. Compare mortgage rates in your area now. Average clicked on rate for purchase loans The average rate clicked on by Bankrate readers......

Rocket Mortgage rides housing boom to 277% profit increase
...flat this quarter. RELATED: Mortgage lenders going public in 2020: a timeline Mortgage rates in the U.S. rose this week to the highest level in six months, threatening to snuff out the mortgage......

The Unexpected Ways COVID-19 Has Forever Changed What We Eat
...food, but now convenient means easy-to-prepare items that enable quick cooking from home. Sales of canned soup and frozen produce have skyrocketed, while gum and nutrition bar sales have plummeted......

The Pandemic Catalyzed Millennial Homeownership
...and long-term demand in the for-sale housing market. In the short-term, low interest rates have helped......

5 ways to land a home in a market stacked against buyers
...metro area in the country during 2020. Buyers, spurred on by rock-bottom mortgage rates and a desire for more space, have been bidding aggressively. Sachs marvels that one unremarkable home......

Mortgage rates are rising fast. Have you missed the boat on refinancing?
Since the start of the coronavirus pandemic, mortgage rates have reached record low after record low. But now the trend appears to be reversing as average interest rates on most mortgage products......