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Home prices continued to rise in most metro areas during the second quarter, causing affordability to fall slightly despite low mortgage rates.
There are affordable metro areas with above-average hiring rates and many renters with enough income to qualify to buy a home.
The CFPB-proposed rule on TRID would help consumers understand their mortgage and home purchase by helping agents to provide expert advice.
Second Century Ventures, NAR's strategic investment arm, has selected Dave Garland – a respected industry consultant and investor – to join the firm.
Income and sales transactions of NAR commercial members decreased slightly as the number of new commercial members significantly increased in 2015.
Pending home sales crept slightly higher as supply and high prices prevented a bigger boost in activity despite low mortgage rates.
Boosted by increased sales to first-time buyers, existing-home sales continued to rise in June, up for the fourth consecutive month.
The U.S. Senate passed legislation long supported by NAR that includes reforms to FHA restrictions on condo financing, among other provisions.
Roughly three-quarters of surveyed households think now is a good time to buy a home, but student debt and high prices are keeping many from buying.
Slow economic growth in many countries, higher home prices, and a strong U.S. dollar led to a decline in home buying from non-resident foreigners.