National News

Amazon drops plans for HQ2 in NYC

Only a week after speculation arose that Amazon was reconsidering its plans to build part of its second U.S. headquarters campus in New York City, the company released a statement Feb. 14 confirming it was pulling out of the

Above-list home sales fall as supply pressures ease

By the end of 2018, far fewer homes across the U.S. were selling for more than their list price, according to a recent report from Zillow. However, a close examination of the data shows that may not be a

NAR releases proposal for Fannie, Freddie reform

Amid new leadership and a pending class-action lawsuit, big changes at Fannie Mae and Freddie Mac appear to be close at hand. The question now for U.S. lawmakers and stakeholders in the mortgage industry is how to carry out

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Real Estate in Brief: Single homebuyers, price growth continues and more

While homebuyers in the U.S. are generally married couples, data from the National Association of Realtors found that 18 percent of homebuyers in 2018 were single women. To drill down more into that demographic, SmartAsset took a look at

Low mortgage rates fuel housing market outlook

Only a few months ago, most economists, mortgage lenders and others who closely track the mortgage market assumed interest rates would continue rising through 2019, driving up the cost of home purchases. But several weeks into the new year,

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Homebuyers are frustrated. Can agents help?

It’s widely assumed the process of shopping for a home is easier today than ever, thanks to the proliferation of online search tools and easier access to real estate professionals. But when it comes to succeeding in that search,

Profit for home sellers hits 12-year high

In a year defined by rising home prices, sellers fared well in 2018, according to a new report from Attom Data Solutions. Based on its analysis of public sales records across metro areas with at least 200,000 residents, the

Real Estate in Brief: Overseas investment, shifting strategies and more

There are signs that Chinese investors have begun significantly curtailing their exposure to U.S. real estate, partially in response to fraying relations between the two nations. According to data from Real Capital Analytics reported by the Wall Street Journal

Fed poised to pause on rate hikes

Federal Reserve Chairman Jerome Powell sent the strongest signals yet that the central bank would hold off on raising the key federal funds rate, implying that consumer interest rates like those on home loans may not rise much higher

White House presses for changes at Fannie and Freddie

The White House has made a strong push in recent months for reform at Fannie Mae and Freddie Mac, two government-sponsored enterprises that work to stabilize the U.S. mortgage market. However, the administration’s plans for how exactly it would

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Real Estate in Brief: Hope for homebuilders, FHFA shakeups and more

While the broader U.S. financial market has struggled to recover from a sudden drop in stock prices near the end of 2018, shares of major homebuilders have made big gains. The Wall Street Journal reported that since the start

Price cuts improve affordability for new construction buyers

The residential property market continues to look better for prospective buyers as the trend of falling prices extends into the new construction segment. In the fourth quarter of 2018, according to data from Zillow, more than a quarter of

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Why home remodelers are thinking like real estate brokers in 2019

Homebuilders today are finding their business prospects increasingly pressured by higher costs for materials and skilled labor. Those costs — and financial strain — inevitably trickle down to real estate developers, homebuyers themselves and even the real estate agents

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December home sales show market headwinds subsiding

The most recent existing home sales report from the National Association of Realtors found sales volumes decline on both a monthly and annual basis in the final weeks of 2018. December home closings touched their lowest annual rate since

Getting buyers off the fence in the new year

With limited inventory and rising interest rates, clients who have been thinking about buying a home in 2019 may feel cautious about jumping in. In fact, Fannie Mae’s most recent Home Purchase Sentiment Index recorded a 12-percentage point decrease in

What agents and their clients should know about moving scams

Agents have a responsibility to do right by their clients in every way possible, but in the complex, lengthy process of buying and selling a home, not everything may be within an agent’s full control. Criminals and con artists

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