NAR Welcomes FHFA's Cancellation of August 1 LLPA Fee Increase This afternoon, following significant urging from the National Association of REALTORS®, the Federal Housing Finance Agency (FHFA) rescinded its proposed loan level pricing adjustment (LLPA) upfront fee on borrowers with debt-to...
Join NAR on April 25, 2023 at 2pm ET as we commemorate the 55th Anniversary of the Fair Housing Act. Expert speakers will address ongoing barriers to homeownership, and we’ll celebrate the 2023 Fair Housing Champion Award winners, who are overcoming these obstacles in their businesses and...
Last month, the Ohio REALTORS (OR) Winter Conference included a session with representatives from the Ohio Division of Real Estate (ODRE). The topic was real estate wholesaling. While Ohio REALTORS is taking up the issue, the ODRE is also looking into the matter as concerns have been raised...
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The National Association of REALTORS (NAR) submitted comments to the Appraisal Subcommittee in response to its hearing on appraisal bias that took place on January 25th, 2023. The letter lays out NAR's commitment to fair housing and efforts to confront racial bias and discrimination in real...
Key Highlights Single-family existing-home sales prices climbed in almost 90% of measured metro areas – 166 of 186 – in the fourth quarter. The national median single-family existing-home price increased 4.0% from one year ago to $378,700. The monthly mortgage payment on a typical existing...
National Association of Realtors® President Kenny Parcell issued the following statement in response to the Biden Administration’s tenant-centered action plan: “Rents are rising, driven by inflation and exacerbated by the housing supply shortage. We encourage the Administration to look more...
Since the COVID-19 pandemic began and stay-at-home orders were put into place, rental housing has been in the spotlight, with attention staying on even after residents returned to work due to new challenges from a housing supply shortage and rising inflation. The Biden Administration is...
October’s lower inflation rate is a welcome sign for a housing market that’s seen steady declines in 2022. A recent report showing that the rate of inflation declined in October is good news for the real estate industry, and possibly a bellwether of declining mortgage rates in coming...
A recent decision in Pennsylvania emphasizes the opportunity to improve Section 8. In an unprecedented victory, the Pennsylvania Supreme Court (the Court) struck down the City of Pittsburgh’s source of income ordinance in a unanimous decision. Much like similar fair housing laws in...
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