Items Tagged with 'National Association of Realtors'

ARTICLES

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.
Read More

[Factsheet] The difference between military and non-military homebuyers and sellers

Shareable infographic tells it all
Serving in the military dictates many home buying and selling decisions for active-duty members, and continues to have residual effects — both positive and negative — for veterans. This week's HousingWire factsheet uses data from the National Association of Realtors' latest profile of homebuyers and Sellers to show just how different their housing decisions are.
Read More

National Association of Realtors declares support for alternative credit scoring

Says alternative models could make expand credit box
The National Association of Realtors sent a letter to two members of Congress this week, declaring the organization's support of alternative credit-scoring models that could be used to open the credit box to previously underserved borrowers. Here's why NAR thinks alternative credit scoring is so important.
Read More

Community lenders "baffled" to see major trade groups push "Wall Street" agenda

CMLA pushes back against MBA, NAR efforts on GSE reform
The battle lines surrounding the potential reform of Fannie Mae and Freddie Mac are becoming firmly drawn, with the Community Mortgage Lenders of America denouncing and rejecting a recent letter from several of the largest trade groups in housing that called for the Federal Housing Finance Agency to leave Fannie and Freddie reform to Congress.
Read More

NAR survey shows how college, student debt affect homeownership

Many Millennials delaying homeownership
Millennials are delaying homeownership, with many waiting a couple years after graduating before choosing to finally move out on their own. According to a new survey by the National Association of Realtors, this delay is due to student debt. While paying off their student loans, borrowers can’t afford to buy a home, here’s why.
Read More

[Factsheet] An infographic of the 10 hottest housing markets that’s actually helpful

Because Millennials do want homes
There are 75 million Millennials – wow. Talk about competition. To help alleviate some of the pain points in shopping for a home, HousingWire rejiggered data from the National Association of Realtors in order to bring you this fun and informative fact sheet on the 10 hottest housing markets for Millennials.
Read More

National Association of Realtors pushes CFPB for TRID changes

Proposes three changes to 'Know Before You Owe' rules
The Consumer Financial Protection Bureau notified the housing industry earlier this year that it planned to make some changes to the much-discussed TRID rule. In a new letter sent to the CFPB, the National Association of Realtors identifies three issues its members have seen with TRID and suggests fixes to those issues that could be included in the coming rule adjustments.
Read More

Zillow to pay $130M to settle lawsuit with Move over alleged trade secret theft

Settles one of most contentious battles in history of online real estate
One of the most contentious battles in history of online real estate is now over, as Zillow announced Monday that it reached a settlement with Move over allegations of trade secret theft levied against two high-level executives at Zillow who once plied their craft at Move. And all it took was $130 million.
Read More

Here are the 10 hottest housing markets for Millennials looking to buy

A smoother path to homeownership
With a solid job under your belt and a hopefully growing savings account, you’re ready to dabble in the world of real estate. The only problem is that locking in a home you want for the price you want isn’t that easy. But you’re not completely out of luck. The National Association of Realtors compiled a list of the top 10 metro areas for young homeowners, including cities that should be in your price range.
Read More