What’s New

Yun’s Economic Outlook: Who Could As for More?

Presenting a mostly optimistic view of the economy for 2019 and 2020, Lawrence Yun, chief economist at the National Association of REALTORS®, told audiences Thursday at the REALTORS® Legislative Meetings & Trade Expo in Washington, D.C., that a near-term recession is unlikely. But a few factors—particularly tariffs and the escalation of U.S. trade disputes with China into a “full-blown trade …

Read More »

Freddie: Mortgage Rates Won’t Go as High as We Thought

Borrowing costs this year likely will be lower than originally predicted. Freddie Mac recently downgraded its forecast for the 30-year fixed-rate mortgage, projecting it will average 4.3% this year—below last year’s average of 4.5%. Further, Freddie economists predict only a small increase in rates in 2020, with the 30-year fixed-rate mortgage averaging 4.5% next year. The lower mortgage rates likely …

Read More »

Are You Taking Advantage of NVBR’s FREE Open House Marketing Program?

The summer selling season is heating up, and NVBR has a great marketing tool to help you market your listings! The NVBR Realtor® Open House (ROH) program is a free member-only benefit that promotes listings to other NVBR members. Each week, the ROH showcases listings from a group of towns in Chittenden and Franklin Counties. Listings are distributed to all …

Read More »

Burlington Housing Summit Set for June 11

Burlington Housing Summit June 11, 2019 at Contois Auditorium in City Hall For many years, Burlington has faced a housing crisis. Meanwhile, right now, progressive cities around the country are looking to housing policy as a solution to many of our central challenges, and reforming outdated land use policies that increase income inequality, promote sprawl, and drive up rents. Here …

Read More »

FHA Tightening, Gen X, Floods, Fair Housing

Some 50,000 loan applicants could be affected as FHA tightens standards for higher-risk borrowers. REALTORS® have stepped up to help in the aftermath of Midwestern floods but more help is needed, and Gen Xers are buying bigger homes to accommodate multigenerational families. Also, NAR supports expanding Fair Housing to include protections based on gender identity and sexual orientation.

Read More »

Do You Have A Story to Tell?

We all have a story to tell, and NAR’s ThatsWhoWeR campaign is giving REALTORS a chance to tell theirs! The new campaign, launched in February, shines a spotlight on REALTORS through print, television, radio and social networking ads and aims to educate consumers on the REALTOR difference. Learn more about the campaign strategy. Now YOU can be part of the …

Read More »

Email Subject Lines Your Clients Will Click On

The last thing clients want is another promotional email—unless the subject line is tantalizing enough to get them to open it. Since email marketing is one of the top technology tools that provide the highest quality leads, according to the National Association of REALTORS®’ Real Estate in a Digital Age 2018 Report, you want to use subject lines that capture …

Read More »

Drop in Mortgage Rates Could Put Market in 2005 Territory

The recent plunge in mortgage rates may help the market for home loans surge to a 14-year high, according to recent housing forecasts. In the past month, mortgage rates have posted their biggest drop in a decade, with the 30-year fixed-rate mortgage averaging 4.08 percent last week, according to Freddie Mac’s weekly mortgage market survey. The rate decline has enticed …

Read More »

Getting a Mortgage Becomes Easier for the Self-Employed

Americans who are self-employed and freelance or contract workers have long had to struggle to qualify for a mortgage compared with those with W-2 forms or pay stubs that lenders can use to verify their incomes. For the self-employed, the mortgage process can be time-consuming and cumbersome. Lenders often require extra paperwork, such as full documentation of tax returns from …

Read More »

Buyers’ Biggest Competitor This Spring Isn’t Other Buyers

The number one obstacle facing home shoppers this spring is their own budget, according to a new study from realtor.com®. Nearly half of home buyers this spring say they’re looking for homes priced at or under $200,000—the segment of the housing market that has seen the largest year-over-year declines, according to a recent survey by realtor.com®, based on responses from …

Read More »

Young Buyers Trust Recommendations Above All Else

Friends and family are the number one way younger millennials and Generation Zers learn about brands, outpacing Google, social media, Amazon, retail stores, and television, according to a recent study of 18- to 29-year-olds by Swift Prepaid Solutions, a payments technology provider. As digital natives, members of this group of emerging buyers are highly tech-savvy, and, like their older counterparts, prefer to browse online …

Read More »

Scam Alert: Email Phishing Attempt Reporting

WARNING: If you receive an email with the Subject Line: “*PLEASE READ** Important Updates & Changes to 2019 Member Roster”, it is NOT from NAR. If you or your members receive this fraudulent email, please alert NAR Member Support at ContactNAR@realtors.org and then delete the email. The National Association of REALTORS® urges its members and state and local REALTOR® associations to …

Read More »