NAR News Releases

Real Estate Daily News

• 1M Delinquent Homeowners Haven’t Asked for Forbearance September 18, 2020
  They may be confused about the repayment terms of such mortgage assistance, keeping them from asking their lenders for help.
• First-Time Buyers Rush to Lock in Low Mortgage Rates September 18, 2020
  The uptick in activity “has come at a critical time for the economy,” says Freddie Mac Chief Economist Sam Khater.
• Builders Ramp Up Construction to Meet High Demand September 18, 2020
  However, rising lumber costs threaten to price more home buyers out of the new-home market over the coming months.
• Where Home Flippers’ Profits Are Rising the Most September 18, 2020
  Fewer investors are doing fix-and-flips, but those still active in the market are seeing the highest earnings since late 2018.
• How to Better Protect Homes Against Wildfires September 18, 2020
  Researchers say homeowners should consider their landscaping when determining ways to keep their homes safe from fires.
• This Beer Can-Covered Listing Went Viral September 17, 2020
  Just how many bottles of beer on the wall? You’ll have to see the pictures to believe it.
• Mortgage Help Available for Hurricane Sally, Wildfire Victims September 17, 2020
  Fannie Mae and Freddie Mac have announced disaster relief aid for homeowners affected by Hurricane Sally—adding to a growing list of disasters in 2020.
• Home Prices Surge to Two-Year High, Disasters Slow New Listings September 17, 2020
  Buyers face daunting challenges: home price growth with no slowdown in sight and inventory nearly 40% lower than a year ago, realtor.com® reports.
• What the Fed's Extended Low Rate Means for Mortgages September 17, 2020
  The Federal Reserve voted Wednesday to leave its benchmark lending rate—what banks charge one another for short-term borrowing—unchanged and near zero.
• Majority of Young Adults Are Now Living With Their Parents September 17, 2020
  Empty nest no more? The pandemic has prompted millions of young adults to move back in with their parents.

Florida Realtors® News

• Majority of Young Adults Are Now Living with Their Parents September 18, 2020
  Pew Research Center: Due to COVID-19, 52% of 18-to-29-year-olds – about 26.2M – now live with their parents, surpassing the previous peak during the Great Depression.
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• This Trending Design Style Will Make Home Stagers Cringe September 18, 2020
  Meet “cluttercore”– the new home trend sweeping social media that’s the opposite of decluttering. Cluttering a home to the max gives a cozier vibe, supporters say.
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• Real Estate Agent Regains Access to Facebook After Being Hacked September 18, 2020
  A Sarasota real estate agent spent weeks trying get back in business online, after a hacker took over her Facebook pages, but she couldn’t alert Facebook for help.
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• Mortgage Help Available for Hurricane Sally, Wildfire Victims September 18, 2020
  Freddie, Fannie: Those affected by Hurricane Sally, ongoing wildfires and other disasters may be able to reduce or suspend mortgage payments for up to a year.
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• Fed’s Near-Zero Rates May Last Years September 18, 2020
  Until the economy reaches full employment and inflation runs "moderately" above its 2% goal for "some time,” the Fed is likely to keep its key interest rate near zero.
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• Who Are Florida Realtors’ Members in 2020? September 17, 2020
  Latest profile report: The “typical” Realtor in Fla. is 55 years old, has 7 years of experience; and 60% of members are affiliated with an independent company.
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• August U.S. Home Building Slides 5.1% After Months of Gains September 17, 2020
  Commerce Dept.: Building permit applications dipped 0.9% to a seasonally adjusted 1.47M; however, the drop-off in new home starts was greater than analysts expected.
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• Home Improvement, DIY Likely to Be Habits with Staying Power September 17, 2020
  Home Depot, Lowe’s and other stores are seeing a greater demand for supplies as homeowners fix up their nests during the pandemic. Outdoor projects are popular.
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• NAR, White House Officials Meet to Discuss Eviction Ban September 17, 2020
  NAR urges Congress to provide emergency rental assistance programs directly to housing providers, who fear financial ruin due to the prolonged lack of rental income.
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• U.S. Long-Term Mortgage Rates Change Little; 30-Year at 2.87% September 17, 2020
  The average rate on a 30-year loan edged up to 2.87% from 2.86% last week. A year ago, it averaged 3.73%. Housing demand remains a bright spot during the pandemic.
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