Tag Archives: Realtors

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LendingTree: Student loan debt is driving Millennials to buy fixer-upper homes

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With more than $1.5 trillion in student loan debt, new LendingTree research shows an overwhelming majority of homebuyers are considering purchasing “fixer-upper” homes to combat costs. In fact, 88% of homebuyers that are grappling with student loan debt are now more likely to consider a “fixer-upper” home, according to the online lending marketplace’s data.

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NAR files motion to dismiss anti-trust lawsuit over buyer broker commissions

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In the last three months, the NAR has been hit with two nearly identical class-action lawsuits that claim its buyer broker compensation rules violate anti-trust laws. But the association isn’t going to roll over without a fight.

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Manhattan pending home sales surge as prices drop to 2015 level, StreetEasy report says

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Pending home sales in Manhattan spiked 27% in April from a year ago, reaching the highest level of signed contracts since the spring of 2015, as prices in America’s priciest urban neighborhood dropped, according to StreetEasy. “Early signs tell us that some sellers are finally pricing their homes more realistically and finding buyers when they do so,” said StreetEasy Senior Economist Grant Long.

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Hey, Mr. President, what about removing lumber tariffs to make homes affordable?

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Canadian softwood lumber used to build U.S. homes currently carry tariffs of about 20%. That adds $9,000 to the price of a typical new home and more than $3,000 to the cost of a multifamily unit, NAHB said. At a time when all eyes are on U.S. housing affordability issues, the trade dispute with Canada is “needlessly driving up housing costs,” Greg Ugalde, chairman of NAHB, said in a statement.

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A silver lining: Most Americans still view housing as a good investment

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A majority of Americans – 65% – think it is still a good idea to invest in a home, according to the latest survey of consumer expectations of housing by the Federal Reserve Bank of New York. While this hasn’t changed much from last year, the attitudes of younger Americans have.

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Tariff wars: What do Walmart and Target prices have to do with the housing market?

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When a top executive at Walmart told Wall Street analysts last week that tariffs on Chinese goods would lead to higher prices for his customers, people who follow the housing and mortgage industry felt a sense of foreboding. Higher consumer prices lead to higher inflation, which leads to higher mortgage rates.

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NAR: Monthly existing home sales fall 0.4% in April

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In April, existing home sales fell slightly from the previous month, but growing inventory signaled improvement in the market, according to the latest report from the National Association of Realtors. NAR Chief Economist Lawrence Yun said he is not overly concerned about April’s 0.4% dip in sales and expects moderate growth very soon.

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Mortgage Tech Rundown: Calyx Software, Finastra and Optimal Blue

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This week’s mortgage tech rundown highlights the latest news in mortgage technology, featuring product updates, integrations and announcements.

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Redfin: April’s home-price growth proves the market is heating up

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In April, the nation’s home-sale prices stabilized, rising 2.8% from 2018 levels, according to new data from Redfin. Redfin chief economist Daryl Fairweather said homebuyers should take April’s home-price rebound as a cue that the cooldown may be coming to an end.

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Trump announces in NAR speech that he’s lifting steel and aluminum tariffs

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President Donald Trump used his one-hour speech at the National Association of Realtors convention on Friday to announce the U.S. would be lifting steel and aluminum tariffs on Canada and Mexico. The president also said he fondly recalled his decades in the real estate industry and said he plans to return to it when he’s out of office.

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