This could give buyers more leverage to negotiate a lower interest rate on their mortgage.
The rate of mortgage default shouldn’t become a problem “as long as the economy continues to generate jobs,” says NAR’s Lawrence Yun.
Newly built single-family units have increased 17% from a year ago and 23% from 2019, data shows.
Larger, more expensive markets are regaining popularity over smaller, more affordable areas, according to a major housing index.
Learn about the REALTORS® whom NAR has selected to represent the real estate industry’s commitment to community service.
In a booming housing market where homeowners have an opportunity to sell quickly, does iBuying still offer enough of an attraction?
The supply of starter homes has dwindled by more than half over the past five years.
Some markets are seeing rental increases of more than 20% over the past year alone.
The Federal Housing Administration will accept appraisals conducted remotely starting in early 2022 on Fannie– or Freddie–backed mortgages.
Many homeowners are wrestling with the question, despite it being a seller’s market.