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Flood Insurance Extended in Last-Minute Funding Deal
Congress averts a government shutdown and a lapse of the National Flood Insurance Program after NAR makes a massive advocacy push.
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Breaking News: NFIP Extended in Last-Minute Funding Deal
Following a massive advocacy blitz by the National Association of REALTORS®—which included a rare nationwide call to action—Congress passed a last-minute spending deal Saturday to avert a government shutdown and extend the authority of the National Flood Insurance Program (NFIP).
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Pending Sales Decline in August 2023 to the Lowest Since April 2020
Pending Sales Decline in August 2023 August’s pending home sales pace declined 7.1% from last month and fell 18.7% from a year ago. By: Michael Hyman
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August 2023 Existing-Home Sales Fall as Home Prices Increase with Mortgage Rates
August 2023 Existing-Home Sales Fall, Prices Increase Housing market activity this August declined 0.7% from July 2023 to a 4.04 million seasonally adjusted annual rate. By: Michael Hyman
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Senate Committee Approves SAFE Banking Act
This legislation creates a safe harbor for financial institutions in states that have legalized cannabis to accept funds derived from cannabis businesses. Learn more.
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Contract Signings Dive as Higher Mortgage Rates Sideline Buyers
Pending home sales fell last month as house hunters struggled against rising costs. Read more from NAR’s latest home sales report.
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Instant Reaction: Mortgage Rates, September 28, 2023
Instant Reaction: Mortgage Rates, September 28, 2023 The 30-year fixed rose this week to 7.31% from 7.19%, the highest level since December 15, 2020. By: Jessica Lautz Mortgages & Home Financing
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Pending Home Sales Tumbled 7.1% in August
Pending Home Sales Tumbled 7.1% in August Pending home sales fell 7.1% in August 2023, with rising mortgage rates and low inventory reducing the pool of home buyers. Media Contact: Lauren Cozzi 202-383-1178
