Mortgage costs will increase for many borrowers in 2014. Fannie Mae and Freddie Mac plan to raise lender fees, which will likely translate into increased rates for those seeking loans.
International home sales in the U.S. have accounted for more than six percent of total existing-home sales in recent months.
According to NAR’s Housing Affordability Index, the U.S. experienced historic highs in housing affordability over the past several years.
NAR recently released its 2013 Community Preference Survey, which revealed that walkable, mixed-use communities are the most desired community choice among prospective home buyers.
A recent NAR Economist Outlook blog post focuses on the increased business activity of Realtors® from data in NAR’s 2013 Member Profile. The data revealed increased productivity among Realtors®
Realtors® are experts at leveraging technology to keep up with clients who increasingly use the internet in their home search. Over the past decade the technology and online tools that Realtors® use has evolved; a comparison of NAR’s 2003 Member Profile to the 2013 Member Profile proves just how much has changed.