National News

Who do housing experts want for president?

By this time next year, the United States will have a new president – either Bernie Sanders, Hillary Clinton or Donald Trump (though, at this point, one of the latter two seems most likely). It will be from the

TRID haters quieted as April loans close quicker than previous year

Loans closed faster in April than in any time over the last 12 months (excluding last month), Ellie Mae’s new Origination Insights Report confirmed. Questions about the true impact of TRID are likely to follow. In the wake of TRID’s

Highlights from NAR’s new member profile

Sixteen percent of agents have at least one personal assistant. The median age of new Realtors is 43 years old. And 83 percent are very certain they will remain active as real estate professionals for another two years. Those

Single-family construction is having a great year

Single-family homebuilding is showing encouraging strength in 2016, according to new numbers from the U.S. Census Bureau. Through April, single-family authorizations were at a rate of 736,000, which is 3.3 percent above the revised March rate of 725,000. Monthly new

What you need to know about NAR’s updated MLS policy

Today, the National Association of Realtors board of directors approved revisions to its Handbook on Multiple Listing Policy that will henceforth require all members have the rights to any listing content entered into the MLS. In response to a

Builder confidence points to strong construction in 2016

Builder confidence in the market for newly-built single-family homes remained unchanged in May at a level of 58 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Ed Brady, the NAHB’s chairman, explained in the association’s report

Millennials dream of homeownership…from their moms’ basements

Millennials may be America’s largest, most vivacious generation yet, but new research suggests that their homebuying prospects have only worsened with time. According to a new analysis from Zillow, more Millennials now live with their parents than at anytime

This “boring” topic could be worth thousands to your clients

We know, we know – private mortgage insurance (PMI for short) is one of the more profoundly unsexy topics in real estate, and offers little of the glitz and glamor of staging, showing and negotiating. But it is a

4 tips for telling a client “You’re fired”

As we discussed in a recent article, making the decision to fire a client is a nuanced process. That is doubly true when you move to execute that decision. Doing the actual firing may seem like the simpler part of the

NAR’s hilarious new partnership with Modern Family

The National Association of Realtors is no stranger to advertising and unorthodox marketing methods, but the trade group took things one step further last week with perhaps America’s most famous Realtor – Phil Dunphy of ABC’s “Modern Family.” In

Trade groups challenge HUD disparate impact rule

In June of last year, the U.S. Supreme Court saved the Fair Housing Act from being gutted, ruling that intention was a non-factor in disparate impact cases. Late last month, a Washington, D.C. district court handed a knife to

Could TRID be in for a rewrite?

In an April 28 letter to mortgage associations and professionals across the U.S., Consumer Financial Protection Bureau Director Richard Cordray acknowledged their concerns, and hinted at what could be a rewriting of the rule. In November of last year,

It’s official – Millennials overtake Baby Boomers as largest generation

It’s now official – according to population estimates from the Census Bureau that Pew Research has compiled, Millennials are now the largest generation in the U.S. Millennials now number 75.4 million, overtaking the Baby Boomer generation’s 74.9 million; Millennials

Greater Boston home prices trail the nation in new Case-Shiller

Greater Boston home prices posted some of the weaker numbers in the country in the latest Case-Shiller Home Price Indices. Covering numbers through February, the Case-Shiller reported that home prices fell in Greater Boston by 0.1 percent from January

Protect your clients – avoid 3 common TRID mistakes

In a letter to the Consumer Financial Protection Bureau Director Richard Cordray written by the Association of Mortgage Investors, the group’s executive director, Chris Katopis, calls out TRID as being “well intentioned” but described an atmosphere of “legal uncertainty”

4 ways homebuyers’ buying power has improved

Bankrate’s latest Financial Security Index offers up good news There are many studies that look into how Americans spend money, but agents should take note of a new Bankrate Financial Security Index, which measures American consumers’ confidence in the market, their net

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