There are all kinds of numbers available for people to ponder as they set on the path to homeownership. Every month the National Association of Realtors® releases a home-purchase affordability report which provides the latest national facts and figures regarding qualifying income needed to buy a home, current average mortgage rate, median family income and…
The news is good for real estate agents. At the National Association of Realtors® (NAR) Real Estate Forecast Summit, held remotely earlier this month, Jessica Lautz, NAR’s deputy chief economist & VP of research, highlighted data showing that 88% of buyers use an agent to help them navigate the home transaction process. Additionally, the use…
As 2025 comes to a close, affordability has stabilized somewhat for many homebuyers, according to the latest National Association of Realtors®’ (NAR) Housing Affordability Index. NAR’s data saw the qualifying income needed to buy a home decrease slightly to $100,272 in October (based on a 25% qualifying ratio for monthly housing expense to gross monthly…
Homeownership remains a priority for many Americans despite housing market fluctuations this year. A recent consumer survey conducted by REMAX highlights how market conditions and lifestyle preferences are shaping homebuyers’ plans. While affordability remains a key concern, buyers are also prioritizing neighborhood safety, social connection and access to lifestyle-enhancing amenities. These preferences underscore that buyers…
The Real Brokerage, the fast-growing tech-focused brokerage that has made waves in recent years, announced on Jan. 10 that Southern California real estate leader Freeman Wang and his 50-agent team have joined Real through Harvest Realty, which operates under Real’s Private Label program. Wang’s team closed 430 homes totaling $425 million in sales volume in…
Above, Lawrence Yun and Nadia Evangelou At the National Association of Realtors® (NAR) Real Estate Forecast Summit, held remotely Dec. 9, NAR Chief Economist Lawrence Yun predicted that the Federal Reserve will cut interest rates Dec. 10, with two more cuts next year. But taking a longer view after multiple sluggish years for housing, Yun…
Above, Mark and Ginger Gentry Compass, the tech-enabled national real estate services company, recently welcomed The Gentry Team. As a leader in sales in Moore County, North Carolina, for the past three decades, The Gentry Team brings over 75 years of experience and $1.2 billion in total sales volume. “The Gentry Team is a strong…
When clients buy a home, under-the-radar issues often involve factors beyond cosmetic appeal, which can lead to significant financial and legal problems down the line. Key issues include the property’s history, potential environmental hazards and neighborhood dynamics that aren’t immediately obvious. Here are seven things to check on in advance of a closing. Unpermitted work/DIY…
The glum news stories seem endless…14,000 employees laid off from Amazon, 48,000 gone at UPS, and even with the government shutdown finally over, thousands of federal workers have been cut. The cruelest aspect is that so many of those folks who suddenly find themselves on unemployment were doing well at their jobs. What’s worse is…
In a legal filing Nov. 12 in New York’s U.S. District Court ahead of a high-stakes hearing starting Nov. 18 to address Compass’s preliminary injunction motion, Zillow defended its new rules around private listings amid its ongoing court battle with Compass. The standards, which took effect in June, prohibit listings on Zillow that are publicly…
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