The Mortgage Choice Act, passed by the U.S. House of Representatives last night, redefines a provision in the rules that allow for home loans to be considered Qualified Mortgages.
New home construction activity is low in most of the U.S., and some states could face persistent housing shortages and affordability issues because of it.
NAR President Steve Brown has released a statement saying that Realtors® applaud the nominations of Julián Castro and Shaun Donovan as heads of HUD and OMB, respectively.
The outlook for all of the major commercial real estate sectors is slightly improving despite disappointing economic growth during the first quarter of 2014.
Existing-home sales increased for the first time this year in April, while inventory meaningfully increased and home price growth moderated.
Reflecting the 11.5 percent growth in home prices last year, income and sales volume jumped for the third year in a row, according to the 2014 National Association of Realtors® Member Profile. The survey also found an increase in new and younger members to NAR in 2013.
The Department of Veterans Affairs is taking steps to improve services for active and former military service members who are ready to buy a home.
Realtors® from across the country gathered today to discuss the effects of traffic and commuting on homebuying.