NAR Statement: Administration Suspending Portions of the 2021 PSAs
National Association of REALTORS® (NAR) President Charlie Oppler issued the following statement about the Federal Housing Finance Agency and the U.S. Department of the Treasury suspending certain provisions added to the Preferred Stock Purchase Agreements with Fannie Mae and Freddie Mac on Jan.14, 2021: “NAR applauds the Federal Housing Finance Agency and Treasury’s action to suspend implementation of several […]
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Home Remodeling: One Potential Solution to Aging Housing Issues
While new construction is critical in addressing the inventory challenges, experts say that may only partially fix the persisting housing shortage in the United States. “Over time, aging housing is also likely to increase the rate at which homes deteriorate to the point of functional obsolescence—a factor that would further increase the need to build […]
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The ‘It Girl’ of 2021: Why a Housing Market Crash Is Unlikely
As the real estate market has veered into uncharted territory over the past 18 months, taking the whole industry on a roller-coaster ride of unprecedented surges in demand and price appreciation along with rapidly evolving consumer behavior, many have been asking when and how will it all end? Will the housing market crash? According to […]
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Home Flipping Activity Rises, But Profits Are Down
Profits for home flips are down even as activity rises, according to ATTOM Data’s second-quarter 2021 U.S. Home Flipping Report. ATTOM found that 79,733 single-family homes and condos in the U.S. were flipped in the second quarter—4.9% of all home sales in Q2 and the first increase in over a year. The nationwide flipping rate […]
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HUD Makes $180M in Funding Available for Multifamily Owners In Assisted Housing Programs
The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing Programs is opening a new application period for owners of multifamily properties participating in assisted housing programs to apply for more than $180 million in supplemental operating funds to support expenses for protecting residents and staff from COVID-19. Owners of properties participating […]
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7 Home Maintenance Tips to Tackle This Fall
Fall is just about here, and it’s a great time for homeowners to tackle home maintenance items in and around the house. Doing these tasks will help protect their investment, too! 1. Caulk and seal around exterior door and window frames. Look for gaps where pipes or wiring enter the home and seal those as […]
New ERA® Real Estate Affiliate Adds 400 Agents to the Network
ERA® Real Estate, recently announced that RSVP Real Estate, based in Bellevue, Washington, has affiliated with the ERA® brand. The firm will now be known as RSVP Real Estate ERA Powered and immediately becomes one of the largest companies in the ERA system with over $1 billion in sales volume in the last 12 months, according to the company. […]
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Regional Spotlight: California Housing Market Demand Softening
Demand in the California housing market tempered for the fourth consecutive month in August as home sales returned to pre-crisis levels, but the statewide median home price set another record high, the California Association of REALTORS® (C.A.R.) said. Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of […]
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Affordable Housing Is Expanding: What to Know About It
Affordable or subsidized housing has been, and will remain, a complex and emotional issue, steeped in history, economics, race and politics. Many people worry about crime, crowding or other problems allegedly created by these projects. Though experts largely agree that an ongoing lack of affordable housing has created a crisis and there will need to […]
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