Items Tagged with 'National Association of Realtors'

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Housing industry welcomes FHA mortgage insurance premium cut

Positive reaction from across the industry
The Federal Housing Administration surprised some in the housing industry on Monday by reversing course and announcing plans to cut its annual mortgage insurance premiums, less than two months after saying there were no plans for further cuts. Reactions to the FHA’s announcement varied from welcoming the cuts to wondering why it took the FHA so long to make the move.
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Rising interest rates already slowing home sales

Pending home sales fall to lowest level since January
Recent reports showed the impact of the post-election rise in mortgage interest rates on borrowers looking to refinance, with higher interest rates shrinking the pool of borrowers who have incentive to refinance. Now, the housing industry is getting its first look at how higher interest rates may also affect the purchase market, as a new report from the National Association of Realtors shows that pending home sales slowed in November to the lowest level since January.
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NAR forecasts minimal gain in home sales for 2017

Consumers less confident about buying a home
The National Association of Realtors is predicting a slight increase in home sales next year, but says inventory will continue to be a problem. In fact, new homes for first-time buyers may be the key to keeping the housing market on track in 2017.
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[infographic] A snapshot of today’s first-time homebuyer

MGIC: 7 essential facts
The data is in for the newest profile of this year’s first-time homebuyer. MGIC pulled out these seven handy facts and created a shareable infographic to describe top traits of the homebuyer group. Sneak peak: Do you know the average age of a first-time homebuyer is? It's 32 years old.
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Pending home sales hit highest level since July

Existing home sales for 2016 expected to be at highest pace since 2006
Pending home sales increased slightly in October, by enough to hit the highest level since July. In fact, the National Association of Realtors' chief economist believes that, at this pace, this year could close out with the highest pace in existing home sales since 2006.
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Major trade groups urge Congress to renew two major homeowner tax provisions

Set to expire end of 2016
At the end of each year, Congress gets a massive pile of tax provisions that need to be renewed. This year two of the biggest tax provisions at the top of Congress’ pile impact housing and homeowners, especially first-time homebuyers. This year both provisions were projected to reduce federal revenue by $7.5 billion. Will next year be the same?
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Strong FHA annual report stirs up calls for mortgage insurance premium cut

Mutual Mortgage Insurance Fund grows for 4th straight year
Ed Golding, the Department of Housing and Urban Development’s principal deputy assistant secretary for housing, said Tuesday that the Federal Housing Administration is not considering cutting its mortgage insurance premiums, despite the FHA’s flagship fund showing growth for the fourth year in a row. But is the FHA’s current plan misguided? Several organizations think so.
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Realtor.com's traffic is growing but still dwarfed by Zillow

Zillow Group websites triple traffic of News Corp property
When News Corp acquired Move Inc., which operates Realtor.com for the National Association of Realtors, in November 2014, the worldwide conglomerate pledged to “turbocharge” Realtor.com. The impact of the News Corp acquisition is still being felt by Realtor.com, which continues to see growth in its web traffic, but the company still has a long way to go to catch the websites of the Zillow Group.
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