The National Association of Realtors® applauds the Federal Housing Finance Agency for working with Fannie Mae and Freddie Mac to issue new guidelines that expand eligibility criteria and streamline the short sale process.
Sales of existing homes rose in July even with constraints of affordable inventory, and the national median price is showing five consecutive months of year-over-year increases.
Median existing single-family home prices are rising in more metropolitan areas, but a lack of inventory is limiting buyer choices in more markets around the country.
On August 1, Realtors® Federal Credit Union merged with Northwest Federal Credit Union. The merger has given members greater access to service centers, financial loans, banking services and other financial services than they had before.
Voting is now open to the public for HouseLogic's "Boost Your Roost" contest. There are six finalists; the winner will be awarded a $20,000 home renovation. Each visitor to HouseLogic may cast one vote per day, now through August 13.
Pending home sales declined in June but marked 14 consecutive months of year-over-year gains.
A proposed bill may soon help speed up the approval process for homeowners selling their home through short sale by requiring subordinate lien holders to review and respond to short sale requests within 45 days.
Existing-home prices continued to show gains but sales fell in June with tight supplies of affordable homes limiting first-time buyers, according to the National Association of Realtors®.
Realtors® Testify Broad Qualified Mortgage is Critical to Bringing Certainty to Housing Finance System
On July 11, 2012, the National Association of Realtors® testified before Congress, urging development of broadly defined Qualified Mortgage (QM) regulation.
“As the nation’s leading advocate for home ownership and housing issues, we are pleased that Congress has approved a long-term reauthorization of the National Flood Insurance Program, which ensures access to affordable flood insurance for millions of home and business owners across the country,” said NAR President Moe Veissi.