Congress should consider redefining the new ability-to-repay requirements for Qualified Mortgages to avoid limiting affordable borrowing options for creditworthy buyers, said the National Association of Realtors® today in testimony before the House Financial Services Committee.
Pending home sales improved slightly in April and continue to be well above a year ago. Gains in the Northeast and Midwest were offset largely by declines in the West and South.
With vacancy rates modestly falling and rents moderately rising in commercial real estate sectors, market fundamentals have improved, but financing remains a challenge for small business.
Realtors® who practice commercial real estate have reported an increase in annual gross income for the third year in a row, signaling the market is on the road to recovery.
Existing-home sales rose in April but remain below underlying demand because of limited inventory and tight credit. All regions are showing strong price gains from a year ago.
The shape of homeownership and housing markets has changed dramatically over time and will continue to change in the face of new housing opportunities and challenges.
Technology plays a vital role in today's society and is transforming the way Realtors® do business.
Realtors® who specialize in commercial real estate expressed optimism and confidence in the market during a forum at the Realtors® Midyear Legislative Meetings & Trade Expo.
WASHINGTON (May 16, 2013) – Changes are coming to the critically important National Flood Insurance Program that could impact real estate transactions and property owners across the country. That’s according to experts from the Federal Emergency Management Agency, which manages the government’s flood insurance program, who spoke to Realtors® at today’s Flood Insurance 101 session during the Realtors® Midyear Legislative Meetings & Trade Expo.
Growth in home sales and prices is contributing to a broader improvement in the overall economy, aided in part by current homeownership tax treatment.