Freddie Mac’s Expansion of Condo Project Advisor Tool NAR President: On behalf of the 1.5 million members of NAR, we thank Freddie Mac for expanding this tool. Media Contact:  Tori Syrek Condominiums, Fannie Mae & Freddie Mac (GSEs), Residential Real Estate

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Instant Reaction: Jobs, December 8, 2023 Jobs are still being added to the economy, with 199,000 net new payroll gains in November 2023. By:  Lawrence Yun

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The 30-year fixed mortgage interest rate hit an average of 7.03% this week. In just 6 weeks of decline, this makes a considerable difference for a home buyer purchasing a $400,000 home.

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SCV Opens Applications for 2024 REACH U.S. Program The strategic investment arm of the National Association of REALTORS® has opened applications for the 2024 U.S. REACH technology growth program. Media Contact:  Spencer High 202-383-1051 Real Estate Technology

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NAR Announces New Head of Marketing and Communications Suzanne Bouhia, former Ernst & Young (EY) Chief Communications Officer for the Americas, will lead communications, marketing, and branding… Media Contact:  Wes Shaw

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Pending Sales Fall to Lowest since April 2020 In October 2023, the pending home sales pace declined 1.5% from the previous month and fell 8.5% year-over-year. By:  Michael Hyman

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The amended final rule provides newly formed entities 90 days instead of 30 days to file initial beneficial ownership information reports.

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The proposed extension would allow newly formed reporting companies additional time to understand the beneficial ownership rule, and the reporting obligations under the rule.

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