NAR News Releases

Real Estate Daily News

• NAR Helps White House Brainstorm Inventory Solutions September 22, 2022
  Leslie Rouda Smith, the association’s president, joins administration officials and other housing leaders to discuss a comprehensive plan to address shortages.
• Mortgage Rates Jump Even Higher After Fed Hike September 22, 2022
  The monthly mortgage payment on a $400,000 loan is about $2,470 compared to $1,660 a year ago, according to NAR.
• Housing Starts Rebound, Builders Aim to Win Buyers Back September 21, 2022
  Despite an unexpected jump in new construction in September, demand for new homes is falling due to high prices and mortgage rates. Builders are lowering their asks to boost buyer traffic.
• Existing-Home Sales Slip Again, Yun Blames Mortgage Rates September 21, 2022
  Still, homeowners are faring well, with property prices surging despite a pullback in buyer demand, says NAR’s chief economist.
• Mortgage Rates Top 6% for First Time Since 2008 September 16, 2022
  Monthly mortgage payments are 60% higher than a year ago, according to NAR. Buyers can save by shopping around for different types of loans.
• NAR Mentorship Program Helps Agents Discover New Niches September 16, 2022
  NAR Spire pairs real estate pros in underserved areas with experienced practitioners to help them find new business opportunities.
• REALTORS® Are Donating More Money, Time to Charity September 15, 2022
  Real estate professionals are deepening their involvement in giving back to the communities, according to a new NAR report.
• 12 Tech Startups Vying for Glory in the Real Estate Space September 14, 2022
  At NAR’s iOi Summit this month, the annual Pitch Battle will aim to identify the next great innovation to help your business flourish.
• Experts: Buyers Should Shop Around for a Mortgage as Rates Rise September 8, 2022
  Borrowers stand to save thousands by gathering multiple quotes from lenders.
• Background, Credit Checks Are Fertile Ground for Lawsuits September 7, 2022
  Property managers and other real estate professionals must follow these steps to stay in compliance with federal and state consumer data regulations.

Florida Realtors® News

• Support Hometown Heroes – Support Amendment 3 September 23, 2022
  Teachers, police and nurses should be able to buy a home in the communities they serve. Amendment 3’s new property tax break can help make that happen.
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• Big Drop in Percent of Buyer Bidding Wars September 23, 2022
  U.S. bidding wars dropped 2.6 percentage points between July and Aug, with Tampa dropping 11 points and Orlando down 12.4. Still, bidding wars rose 2.8 points in Miami.
  kerrys
• Using SunStats in a Changing Market September 23, 2022
  Florida Realtors economist: If market changes challenge Realtors, sellers’ heads must be spinning. Use SunStats to help clients understand what’s going on.
  kerrys
• Promoting an Event on Instagram? Here’s How September 23, 2022
  A successful promotion takes planning. It should start with a two-week launch strategy that boosts content such as reels, videos, stories, etc.
  kerrys
• Aug. Home Prices Drop a Bit in S. Fla. September 23, 2022
  In South Fla., median prices fell a bit in Aug., and many licensees see that as a good thing after months of price increases that were “neither normal nor sustainable.”
  kerrys
• Some Buyers Slowly Learn to Like Fixer-Uppers September 23, 2022
  Most buyers want a house, not a new project. But some eventually opt for a fixer-upper due to buying frustrations and the realization that sweat equity can be profitable.
  kerrys
• NAR Will Plant One Tree for Every Realtor September 22, 2022
  A tree will soon symbolize your Realtor membership. In partnership with the National Forest Foundation, NAR will plant more than 1.5M trees by 2025.
  kerrys
• Long-Term Mortgage Rates Climb to 6.29% September 22, 2022
  The average 30-year, fixed-rate mortgage didn’t spend much time hovering around the 6% mark. It rose 0.27 percentage points this week, up from last week’s 6.02%.
  kerrys
• Fed Message: Inflation Fight May Cause Recession September 22, 2022
  Fed Chair Powell hoped for an economic soft landing but said it’s increasingly unlikely. “I wish there were a painless way to (get inflation down),” he said. “There isn’t.”
  kerrys
• Top RE Industry Players Discuss Affordable Housing September 22, 2022
  NAR and other real estate groups met at the White House Wed. for a “candid discussion” on construction, zoning reforms, financing expansion and tax incentives.
  kerrys