National News

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Real Estate in Brief: Home price cuts, green mortgages and more

Nearly one third of homes for sale experienced a price drop of more than 1 percent this October, according to report by real estate brokerage Redfin. The report foreshadowed a market cooldown, finding October’s decline in home prices to be the largest

Fannie, Freddie loan limits increase for third-straight year

The Federal Housing Finance Agency, which oversees the federally owned mortgage corporations Fannie Mae and Freddie Mac, announced Nov. 27 it will increase its conforming loan limits for the third consecutive year in 2019. After not changing the limits

Guaranteed Rate expands in Hawaii with local acquisitions

Independent mortgage lender Guaranteed Rate announced Nov. 27 that it would expand its presence in Hawaii with the acquisition of assets and staff from local lenders including Honolulu HomeLoans (HHL) and Hawaii Lending Alliance (HLA). The company said it

Real Estate in Brief: New task force on housing affordability, brokerage expansions and more

One of the largest residential real estate brokerages in the U.S., Berkshire Hathaway HomeServices, will open more international franchise locations throughout Europe and the Middle East. According to Bloomberg News, BHHS will partner with London franchisee Kay & Co.

Case-Shiller: Sept. home price growth slowest in nearly 2 years

The latest reading of the U.S. housing market — the S&P CoreLogic Case-Shiller Home Price Index for Sept. 2018 — showed yet another sign of sluggish price growth. S&P’s key 20-city composite index showed that home prices in the

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Federal regulators propose loosening home appraisal rules

A joint proposal by three federal agencies released Nov. 20 could speed up an estimated 40 percent of residential real estate transactions in the U.S. by changing requirements surrounding appraisals. Under the proposed rules, certain residential real estate transactions

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MLS, brokerages evolve their stance on private listings

There is a growing trend throughout several markets involving property listings that don’t appear on that market’s multiple listing system. The idea around private listings, or pocket listings, office exclusives or a number of other names, has been known

Existing home sales see first increase in six months

After six months of declines, existing home sales posted a month-to-month increase in October, according to the October report from the National Association of Realtors. Total existing home sales rose 1.4 percent from September to 5.22 million single-family homes,

Senators introduce updates to the Fair Housing Act

Senators Tim Kaine and Orrin Hatch have introduced a bipartisan bill that would expand the Fair Housing Act to include low-income families and veterans. The “Fair Housing Improvement Act of 2018” expands the anti-discriminatory language of the original law

October home building activity sends mixed signals

The most recent data from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development on home construction activity sent mixed signals for next year’s homebuilding outlook. While the number of housing starts grew 1.5 percent

Nearly half of new homeowners face unexpected renovations

Whether hiring help or tackling a do-it-yourself project, home improvement is expensive, time consuming, and typically more than most have bargained for. However, homeowners are discovering that juggling home repairs are a lesser compromise when exchanging rent for mortgage payments.   The 2018 NerdWallet Home Improvement Report found that 44 percent

Real Estate in Brief: Colors that impact the price of your home, Americans using agents at all time high and more

Ultra Violet was named the 2018 color of the year by Pantone. However, brash colors outside the “thoughtful” purple shade are seemingly best avoided when selling a home. “A fresh coat of paint is an easy and affordable way

Americans believe the housing market has cooled

Heading into the winter months, many Americans are seeing the housing market cool off. According to ValueInsured’s Q4 2018 Modern Homebuyer Survey, 75 percent of Americans believe their local housing market is cooling off. Additionally, 67 percent of those

Married couples, single females continue to dominate the housing market

Married couples continue to make up the majority of buyers, according to the National Association of Realtors’ 2018 Profile of Home Buyers and Sellers. Married couples accounted for 63 percent of all buyers this past year, while single females

Real Estate in Brief: Amazon HQ2 split, baby boomers are retiring with more debt and less savings and more

Amazon announced that Long Island, New York and Washington D.C., Virginia will be the new locations of its second headquarters, ending the year long public contest. The company’s raffle attracted 238 candidates only to end in a surprise twist: the division of

Technology plays crucial role in customer mortgage satisfaction

Customers favor digital origination channels during the mortgage process and are more satisfied with mortgage companies that integrate technology, according to J.D. Power’s 2018 U.S. Primary Mortgage Origination Satisfaction Study. Last year, mortgage customer satisfaction declined with respondents indicating

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