NAR Opposes Rent Cap Proposal

The administration’s proposal—which requires congressional action—would take away the accelerated depreciation tax provision from housing providers with 50 or more units who raise rents by more than 5% per year …

HUD Charges Appraiser, AMC, and Lender With Discrimination

HUD alleges that the appraiser prepared an insupportably low appraisal of a duplex owned by a Black woman in a predominantly White area …

June 2024 Foot Traffic

Nationally, Sentrilock home showings were up 2% year-over-year in June 2024. Showings increased in two of the four regions of the U.S …

July 2024 NAR Real Estate Forecast Summit: Residential Update

On July 22, 2024, NAR held a virtual economic and real estate summit that provided an outlook on the changing residential real estate market …

Existing-Home Sales Slipped 5.4% in June; Median Sales Price Jumps to Record High of $426,900

Homes are sitting on the market a bit longer, and sellers are receiving fewer offers as a slow shift occurs from a seller’s market to a buyer’s market …

NAR Real Estate Forecast Summit: Residential Update, July 2024

Presented by NAR Deputy Chief Economist Jessica Lautz at the NAR Real Estate Forecast Summit: Residential Update on July 22, 2024 …

Real Estate and Economic Outlook July 2024

Presented by NAR Chief Economist Lawrence Yun at the NAR Real Estate Forecast Summit: Residential Update on July 22, 2024 …

Appraisals, Data, and the Proposed NAR Settlement

With practice changes coming that include the prohibition of offers of compensation on MLSs, it’s imperative that brokers, agents and appraisers keep an open line of communication …

Final Rule on Quality Control Standards for Automated Valuation Models

The federal banking regulators and Consumer Financial Protection Bureau (CFPB) released their final rule on quality control standards for automated valuation models (AVMs). The final rule reflects some of NAR’s …

Instant Reaction, Mortgage Rates, July 18, 2024

The 30-year fixed mortgage rate from Freddie Mac fell further to 6.77% over the last week from 6.89% …