New-Home Sales Reverse Course in May

New-home sales reversed course in May, with sales of new, single-family homes up 2.9 percent to 610,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). The average new-home sales price was $406,400, while the median was $345,800. New-home listing inventory was 268,000—5.3 months supply. “We are seeing solid […]

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Educating Clients on HUD

By Ryan Fitzgerald Given the large financial requirement of buying a home, it’s often out of reach for a large portion of the U.S. population. The economic recession, which was triggered by the collapse of real estate and mortgage lending markets, further decreased home buying accessibility. A number of lenders have returned to the 20 […]

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Housing Starts Again Disappoint in May

Home-building activity again disappointed in May, below expectations with housing starts down 5.5 percent to a rate of 1,092,000, according to the latest data from the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). Single-family housing starts decreased 3.9 percent to 826,000. Starts for units in buildings with five units or […]

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REALTORS® Gather in D.C. to Address Key Issues

Approximately 9,000 REALTORS® are gathered in Washington, D.C. this week for the REALTORS® Legislative Meetings & Trade Expo, addressing members of Congress and regulators on key real estate issues, as well as participating in sessions delivered by industry experts and thought leaders. “With a new president and Congress in office, it’s vitally important for regulators […]

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Housing Starts Make Unexpected Move

Home-building activity in April fell short of forecasts in an unexpected move down, with housing starts dipping 2.6 percent to a rate of 1,172,000, according to the latest data from the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). Single-family housing starts increased 0.4 percent from March to 835,000. Starts for […]

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9 Grants and Programs for First-Time Homebuyers

(TNS)—Buying a home for the first time can be daunting. In addition to mountains of paperwork and new financial terms to sort through, you’ll face costs and fees that can quickly add up. In short, purchasing a home isn’t a financial step to take lightly. Perhaps that’s why 74 percent of millennials say that saving […]

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Parents Are Concerned About Housing Grown Children, Survey Shows

More homeowners nationwide are finding themselves housing grown children—in fact, the share of adults who live with their parents has gone up since the 1970s. Many parents, according to findings from a new survey, are concerned about just how long their grown children will stay in the nest—and if they’ll be able to fly out […]

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New-Home Sales Tack On Another Month of Gains

New-home sales tacked on another month of gains in March, with sales of new, single-family homes up 5.8 percent to 621,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). The average new-home sales price was $388,200, while the median was $315,100. New-home listing inventory was 268,000—5.2 months supply. […]

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Keeping Your Brokerage on the Right Side of the Law

Running a real estate brokerage involves many responsibilities, including staying on top of ever-evolving legal issues. Fortunately, brokers can rely on extensive legal resources from the National Association of REALTORS® (NAR) to make sure they’re covering all the bases. Among the most beneficial resources for brokers: Window to the Law Videos Each month, NAR issues […]

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Home-Building Slides in March, but Permits Show Promise

Home-building slid in March, 6.8 percent below estimates to a rate of 1,215,000, according to the latest data from the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). Single-family housing starts decreased 6.2 percent from February to 821,000. Starts for units in buildings with five units or more came in at […]

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Finally, a True Picture of Asian American Homeownership

2016 was a momentous year for the Asian American and Pacific Islander community. The Census Bureau—which had, up until July, grouped Asian Americans and Pacific Islanders (AAPI) into a “Other” category—agreed to include a separate category for AAPI in its research. The importance of that change is highlighted in the Asian Real Estate Association of […]

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