Trump announces in NAR speech that he's lifting steel and aluminum tariffs
President Donald Trump used his one-hour speech at the National Association of Realtors convention on Friday to announce the U.S. would be lifting steel and aluminum tariffs on Canada and Mexico. The president also said he fondly recalled his decades in t...
Poor credit scores keep Gen Xers from entering the housing market
A recent report from LendingTree reveals that although Gen Xers are now in their prime earning years, many are refraining from homeownership due to substantial debt. According to LendingTree’s analysis, 28% of homeowners owe a median of $28,557 in stude...
NAR’s Yun forecast for 2019 housing sales: New homes will drive market gains
New home sales probably will reach a 12-year high in 2019, according to Lawrence Yun, chief economist of the National Association of Realtors. Sales of existing homes probably will be flat, he said at NAR’s Legislative Meetings & Trade Expo in Washi...
The We Company launches real estate acquisition, management platform
The We Company, the parent of shared workspace provider WeWork, announced this week it launched a global real estate acquisition and management platform, ARK. So, instead of paying to rent out space in existing buildings, then turning around and renting t...
Redfin: Last year's tax reform bill impacted fewer homebuyers than expected
A year after implementing a tax reform bill that lowered caps on tax deductions permitted for mortgage payments and state and local taxes, Redfin reports that less than half of homebuyers say it impacted their home searches....
Redfin: April's home-price growth proves the market is heating up
In April, the nation's home-sale prices stabilized, rising 2.8% from 2018 levels, according to new data from Redfin. Redfin chief economist Daryl Fairweather said homebuyers should take April's home-price rebound as a cue that the cooldown may be coming t...
Hoosier city beats out Miami and Vegas for hottest U.S. housing market, Zillow says
When you think of hot housing markets, cities like Miami, Las Vegas, or Los Angeles might come to mind. Or, other high-priced markets like New York or Boston. The Midwestern city that beat the rest of the U.S. for home price appreciation with a whopping 1...
U.S. economic growth may be casualty in trade war with China, Fannie Mae says in new forecast
Fannie Mae, the largest mortgage financier, boosted its forecast for mortgage rates and lowered its prediction for GDP growth for the remaining quarters this year, citing the tariff war with China as a primary reason. GDP growth in the U.S. will probably ...
Shack with a view: Dilapidated home in San Francisco lists for $2.5 million
A dilapidated shack in the Potrero Hill neighborhood of San Francisco is on the market for $2.5 million. The 640-square-foot home isn’t safe to enter, but it comes with two things that explain its staggering price tag: a view of the city and a demolitio...
NAR zooms in on commercial real estate focus, partners with Brevitas
The National Association of Realtors announced it has entered into a partnership with commercial real estate platform Brevitas. "The Brevitas platform will help Realtors grow their business in an industry of rapidly evolving technology and strong competit...