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Commercial and Multifamily Mortgage Debt Outstanding Increased in Fourth-Quarter 2023
The level of commercial and multifamily mortgage debt outstanding at the end of 2023 was $130 billion (2.8 percent) higher than at the end of 2022, according to the Mortgage
Second Century Ventures Opens Applications for 2024 REACH Commercial Program
Second Century Ventures, the strategic investment arm of the National Association of Realtors®, today opened applications for the 2024 REACH Commercial technology growth program. Second
CONSTRUCTION EMPLOYMENT IN JANUARY RISES IN 231 OF 358 METRO AREAS FROM A YEAR...
Phoenix-Mesa-Scottsdale and Lawton, Okla. Top Lists of Year-over-Year Increases in Industry Employment While New York City
STATEMENT BY NAREB PRESIDENT COURTNEY JOHNSON ROSE
The National Association of Real Estate Brokers (NAREB) is honored to have worked with HUD Secretary Marcia Fudge on a mission to expand affordable housing, increase homeownership for people of color, and reduce homelessness in America. NAREB congratulates Secretary Fudge on her retirement, recognizing that she will continue to embrace these goals as she writes her next chapter in an extraordinary public service career.
NAREB CELEBRATES WOMEN’S HISTORY MONTH WITH FIRESIDE CHAT WITH WOMEN OF IMPACT
Charlotte Mayor Vi Lyles and Wells Fargo EVP Georgette Dixon headlined a celebration of women's societal contributions at the National Association of Real Estate Brokers (NAREB) Midwinter
Single-Family Production Shows Signs of Stirring Across the Nation
Led by larger urban metro markets, single-family growth rates are showing signs of a turnaround as moderating mortgage rates and a lack of existing inventory are contributing to a gradual
Mortgage Application Payments Increased 3.8 Percent to $2,134 in January
Homebuyer affordability declined in January, with the national median payment applied for by purchase applicants increasing to $2,134 from $2,055 in December. This is according to the
Pending Home Sales Receded 4.9% in January
Pending home sales in January dropped 4.9%, according to the National Association of REALTORS®. The Northeast and West posted monthly gains in transactions while the Midwest and South recorded losses. All four U.S. regions registered year-over-year
Habitat for Humanity calls on Congressional lawmakers to address the nationwide affordable housing crisis
In the face of a historic housing shortage that includes a lack of entry-level homes and skyrocketing home prices, Habitat for
Multifamily Housing Market Will Decline in 2024 while Remodeling Market Will Hold Steady
Multifamily starts are predicted to decline in 2024, according to the National Association of Home Builders (NAHB). Meanwhile, the remodeling sector remains on solid ground and will hold
Share of Mortgage Loans in Forbearance Decreases Slightly to 0.22% in January
The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 1 basis point from 0.23% of servicers’
Existing-Home Sales Rose 3.1% in January
Existing-home sales grew in January, according to the National Association of REALTORS®. Among the four major U.S. regions, sales accelerated in the Midwest, South and West, and remained steady in the Northeast. Year-over-year, sales improved in the
Coalition of Trade Associations Requests Improvements to White House Implementation of the Build America,...
Four national trade associations petitioned the White House to make improvements in its implementation of “made in America”
January New Home Purchase Mortgage Applications Increased 19.1 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for January 2024 shows mortgage applications for new home purchases increased 19.1 percent compared from a
National Housing Conference strongly supports bipartisan tax proposal
The National Housing Conference (NHC) President and CEO David M. Dworkin released the following statement about the newly announced bipartisan tax agreement
NAR Hosts Policy Forum to Address Challenges Facing Home Buyers
The National Association of Realtors® hosted a policy forum Thursday at the Mayflower Hotel in Washington, D.C. entitled American Dream Deferred: How Can We Keep Homeownership
Housing Affordability Remains Near Historic Low Level
Mortgage rates that hit more than a 20-year high, coupled with elevated construction costs and excessive regulatory costs, left housing affordability in the fourth quarter of 2023 virtually
Hilton Head Realtor® Cindy Creamer is named 2023 South Carolina Realtor® of the Year
South Carolina REALTOR® (SCR) member and Hilton Head Realtor® Cindy Creamer has been named the association's 2023 REALTOR® of the Year. The announcement was made during SCR's annual Awards Gala and Installation of Officers.
Mortgage Credit Availability Increased in January
Mortgage credit availability increased in January according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE
More Than 85% of Metro Areas Registered Home Price Increases in Fourth Quarter of...
More than 85% of metro markets (189 out of 221) registered home price increases in the fourth quarter of 2023 as the 30-year fixed mortgage rate dropped from 7.79% to 6.61%, according to