There are some notable changes in the home buying environment, pandemic aside, including interest rates, home prices, and how people buy and sell.
By:
Jessica Lautz
Original source: https://www.nar.realtor/blogs/economists-outlook/40-years-of-home-buyer-and-seller-data-how-does-the-profile-compare
Instant Reaction: Mortgage Rates, October 14, 2021 Mortgage rates rose above 3% this week as consumer and producer prices continue to rise due to persistent supply bottlenecks and labor difficulties. By: Nadia Evangelou Mortgage Financing Original source: https://www.nar.realtor/blogs/economists-outlook/instant-reaction-mortgage-rates-october-14-2021
The Clean Water Act could have a profound effect on private property rights and on commercial real estate practitioners—particularly on the development side. Original source: https://www.nar.realtor/commercial-connections/watershed-moment
Passage of the Bipartisan Infrastructure Bill We look forward to working with Congress and the administration to ensure provision of affordable housing and equal access to credit in America. Media Contact: Tori Syrek Original source: https://www.nar.realtor/newsroom/nar-statement-on-the-passage-of-bipartisan-infrastructure-bill
NAR Petition Opposes DOJ Breach of Settlement Agreement The DOJ effort to take out from the totally binding contract, after NAR had actually started to execute its terms, is a violation of the arrangement as well as the law.Media Contact: Mantill Williams 202-383-1128 Initial resource: https://www.nar.realtor/newsroom/national-association-of-realtors-files-petition-to-oppose-department-of-justice-breach-of-settlement-agreement
Less Intense Multi-bidding; Fewer First-time Buyers This summer’s intense multi-bidding is cooling, partly due to a seasonal decline, but also because first-time buyers cannot find affordable… By: Scholastica (Gay) Cororaton First-Time Homebuyers Original source: https://www.nar.realtor/blogs/economists-outlook/less-intense-multi-bidding-and-fewer-first-time-buyers-in-august-2021
Metro Area Wealth Gains as of 2021 Q2 Homeownership is a key pathway to building wealth and narrowing the racial income and wealth inequality gap. By: Scholastica (Gay) Cororaton Original source: https://www.nar.realtor/blogs/economists-outlook/metro-area-wealth-gains-as-of-2021-q2-typical-gain-of-349000-over-30-years
