Including home buying and selling, commercial, international, NAR member information, and technology. Use the data to improve your business through knowledge of the latest trends and statistics.
Stay current on industry issues with daily news from NAR. Network with other professionals, attend a seminar, and keep up with industry trends through events hosted by NAR.
Including home buying and selling, commercial, international, NAR member information, and technology. Use the data to improve your business through knowledge of the latest trends and statistics.
Stay current on industry issues with daily news from NAR. Network with other professionals, attend a seminar, and keep up with industry trends through events hosted by NAR.
A number of Realtors® responding to the April RCI Survey indicated continued exceptionally tight credit conditions.
A comparison of FICO scores for loan transactions as reported by Realtors® responding to the RCI over the February/March/April time span compared with FICO scores reported by Fannie Mae’s “Acquisition Profile by Key Product Features” - showing lending conditions in the pre-boom normal housing markets of a few years ago - shows that credit availability to lower scoring applicants appears to have declined.
Realtors® provided FICO information based on their understanding of the buyers’ credit situations; in many cases the information was estimated. Overall the data seem to substantiate relatively tight credit conditions.
Additional information on a variety of topics related to current residential market conditions may be found here.