National News

More people get mortgages online, but they’re increasingly dissatisfied

More and more customers may be heading online to purchase mortgages, but overall satisfaction with electronic mortgage processes is majorly declining, according to J.D. Power’s 2017 U.S. Primary Mortgage Origination Satisfaction Study. According to the study, individuals find online

Compass plans huge expansion after raising $100 million

Compass, a real estate technology startup, announced that it has raised $100 million during the Series E investment round, which it will use to expand to every major city within the United States. The company is now valued at $108

NAR shares support for Flood Reform Act

After starting a petition for Congress to reauthorize the federal Flood Reform Act in August, the National Association of Realtors (NAR) recently decided to double down on its efforts to ensure the bill remains in place. This Monday, NAR penned

Homesnap, Waze partner to create geo targeted listing ads

One of the main hurdles agents have to overcome on a regular basis is having their listings seen by the people who are most likely to be interested in it. While previous wisdom was to get the ad in

NAR: GOP tax plan ‘attacks homeownership’

The GOP’s new tax plan, the so-called Tax Cuts and Jobs Act, “attacks homeownership,” according to a new statement from the National Association of Realtors (NAR). NAR has been vocally opposed to the bill, which would significantly reduce homeowner

NAR board votes to remove MLS subscription requirement

On Monday, the National Association of Realtors Board of Directors voted on four major MLS adjustments, one of which will allow agents more flexibility in MLS choice. A new broker-backed policy that is being called “MLS of Choice” prevents

NAR forecasts a strong 2018 for home sales amid inventory shortages, tax reform uncertainties

The National Association of Realtors (NAR) predicts a strong 2018 for home sales, but inventory shortages and upcoming tax reform could have a major impact on the market. NAR’s Chief Economist Lawerence Yun presented his 2018 housing and economic

National Association of Realtors installs 2018 leadership

Elizabeth Mendenhall, CEO of RE/MAX Boone Realty in Columbia, Missouri, was installed today as 2018 president of the National Association of Realtors during the Realtors Conference & Expo in Chicago. Mendenhall was NAR’s 2017 president-elect and 2016 first vice

FSBOs reach all-time low in 2017

For-sale-by-owner (FSBO) homes accounted for only 8 percent of recent home sales, according to the National Association of Realtors (NAR). This marks an all-time low in FSBO home sales since NAR began recording the data in 1981. Between 2001

Home prices continue fast growth in the third quarter

Home prices continued to grow in nearly every major metro across the country in the third quarter, according to the latest quarterly report from the National Association of Realtors. The national median existing single-family home price rose to $254,000,

Boston ranks in Top 10 of sustainable cities

Boston ranked at No. 6 among the most sustainable cities in North America, according to Arcadis’ recently-released Sustainable Cities Mobility Index. To measure the sustainability of 100 cities across the world, the SCMI looks at three factors in each

Buyers continue to seek out luxury homes even as prices soar in Q3

Luxury home prices grew 4.9 percent in the third quarter of 2017 compared to the same time last year as inventory tightened on the top end of the market. This marked the first quarter in which luxury inventory fell

NAR and NAHB show concern with the new GOP tax plan

The National Association of Realtors (NAR) and the National Association of Homebuilders (NAHB) have both come out against the new GOP tax plan that was revealed on Thursday. One of the most significant changes in the tax plan involves

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U.S. home permit growth on the rise in 2017

Through August 2017, there have been 852,825 housing permits issued this year for single- and multi-family homes — an increase of 7.7 percent over August 2016. A recent report from the National Association of Home Builders analyzed U.S. Census Bureau’s Survey of

Why do we argue with our neighbors?

Are you new to your neighborhood and looking to make friends? It may not be as easy as it used to be. According to a new survey, 40 percent of Americans avoid their neighbors altogether. The Homes.com survey also reveals that

Case-Shiller Index shows major home price gains in August

With more homebuyers competing for a limited supply of homes, sellers are upping their prices to match the high demand, according to the S&P CoreLogic Case-Shiller Indices for August 2017. The National Home Price Index reported a gain of

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