Homebuyers lucky enough to win a bidding war for a property are increasingly running headlong into appraisals that don’t match — or even come close to — the agreed sales price, leaving them with limited ways to close the sale.
A market with limited inventory and swarms of buyers can be stressful for everybody. But it’s especially challenging for first-time homebuyers — and their agents. From Houston to Chicago, from Miami to Boston, agents are relying on creativity, hustle and candid conversations to help get their entry-level buyers over the threshold of their first home.
Low barrier to entry: It’s one of the best things about the real estate industry — and also one of the worst.
The barrier is not so much getting into real estate — it’s staying in.
If Realtors, lenders and homebuyers are the stars of the real estate show, Fannie and Freddie are the unseen producers who bankroll the production from backstage.
As the political fundraising arm of the National Association of Realtors, RPAC solicits voluntary contributions from Realtors — more than $5 million during the 2018 election cycle. It uses those funds to help elect candidates across the political landscape who understand and support real estate interests — at all levels of government.
See the list of NAR’s 2018 and 2020 political contributions.