National News

HUD releases first Equity Action Plan

The U.S. Department of Housing and Urban Development has released its first Equity Action Plan, with the goal of narrowing the racial homeownership gap.

Builder confidence falls again as housing market faces ‘inflection point’

Builder sentiment has taken a hit from an unexpectedly sharp increase in mortgage rates and continued disruptions in the supply chain, according to the National Association of Home Builders’ monthly survey. 

Investor homebuying stalled dramatically in Q4 2021: a CoreLogic analysis

Investor activity showed early signs of slowing during Q4 of 2021, down from the historic highs seen in the second and third quarter, CoreLogic’s latest analysis reveals.

Rocket Cos. top-ranked real estate company in Fortune’s 100 Best Companies to Work For 

Altogether, eight companies well known to members of the residential real estate community were included in the annual list. 

NAR files SCOTUS brief on floorplan copyright case

The National Association of REALTORS® has filed an amicus brief with the U.S. Supreme Court challenging a recent ruling by the United States Court of Appeals for the Eighth Circuit.

Residential Real Estate Council to provide MoxiWorks HR tools through Broker Solutions 

The tools include MoxiEngage, a CRM specifically designed for real estate agents; MoxiPresent, a comparative market-analysis presentation tool; and MoxiHub, a brokerage intranet. 

Mortgage applications continue falling in latest weekly survey 

The decrease comes as interest rates continue to climb, according to the Mortgage Bankers Association. 

Two more years until inventory bounces back, experts say

Housing inventory should reach pre-pandemic levels by the end of 2024, according to the results of Zillow’s latest Home Price Expectations Survey. More than 100 market experts and economists weighed in to predict upcoming trends.

Pending-home sales down for fourth month in a row 

“Buyer demand is still intense, but it’s as simple as ‘one cannot buy what is not for sale.” — National Association of REALTORS® chief economist Lawrence Yun  

New-home sales fall again in February 

Affordability and supply-chain issues continued to weigh on the sales of new single-family residences.

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