Items Tagged with 'National Association of Realtors'

ARTICLES

Housing industry's biggest trade groups push FHA to reconsider PACE rules

Concerned about energy improvement loans being given super priority status
Last month, the Department of Housing and Urban Development and the Federal Housing Administration announced that the FHA will soon begin insuring mortgages that also carry liens created by energy retrofit programs, as long as the energy lien remains subordinate to the mortgage. But the fine print of the new rules has the housing industry's largest trade groups concerned.
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Realtor wins bronze for #TeamUSA

Alex Naddour wins medal for pommel horse
When Alex Naddour won the bronze medal for pommel horse in the 2016 Olympics this past Sunday, he shattered a 32-year pommel horse drought for Team USA. He also brought a bit of fame to the Realtor community and his home state of Arizona. As if he wasn’t already doing enough, Naddour is an official member of NAR. From everyone here at HousingWire, congratulations!
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NAR: Home affordability remains as depressed as the average American paycheck

Low mortgage rates make poor incentive to borrow
Home prices increased yet again in the second quarter, outpacing wage growth, according to the latest quarterly report by the National Association of Realtors. This is causing affordability to decline despite historically low mortgage interest rates, according to the trade group's head economist. Low rates are normally an incentive to get a mortgage, but not in this, current housing market.
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Top 10 markets where renters can afford to buy

South, Midwest emerge as most affordable areas
Renters who are looking to buy their first home in today’s competitive market shouldn’t get discouraged. According to the National Association of Realtors, more renters in these markets can afford to buy a home than the national average.
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NAR: Proposed TRID changes a "significant victory"

Answers to the Closing Disclosure form are here
The National Association of Realtors secured a victory in the changes announced Friday to the much-anticipated Consumer Financial Protection Bureau Know Before You Owe rule. The bureau gave much more concrete explanations for one of the biggest problem area — the closing disclosure.
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Affordability constraints hold back pending home sales

Investor activity at lowest point since 2009
Pending home sales barely moved in June as current market conditions such as low inventory and high home prices prevented more growth. Until inventory conditions markedly improve, prospective buyers are likely to run into situations of being priced out of the market or outbid on the very few properties for sale.
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Condo legislation passes in Senate, offers relief for homebuyers

Headed to president's desk
The Senate just unanimously passed a bill to help solve the affordability crisis. The condo bill passed the House back in February, and now just awaits President Obama's signature to become law. The National Association of Realtors lobbied heavily for the reform and says the new condo legislation will provide homebuyers with a more affordable option.
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Existing home sales grow at highest pace in 9 years

Housing market still needs more recovery
Despite rising home prices and lack of inventory, existing home sales in May grew at their fastest pace in almost a decade. Not everyone, however, sees this as good news for the market. Zillow's chief economist points out that, while encouraging, the market still has a long way to go.
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