Blog Category - NAR News | 3RD Generation Home Loans

71 Percent of Homeowners Believe It’s a Good Time to Sell; Economic and Financial Confidence Dips: Realtors® HOME Survey

Posted by Michael Favor III on Jun 28, 2017

Existing housing inventory has declined year over year each month for two straight years, but new consumer findings from the National Association of Realtors® offer hope that the growing number of homeowners who think now is a good time to sell will eventually lead to more listings....Read More

Existing-Home Sales Rise 1.1 Percent in May; Median Sales Price Ascends to New High

Posted by Michael Favor III on Jun 21, 2017

Existing-home sales rebounded in May following a notable decline in April, and low inventory levels helped propel the median sales price to a new high while pushing down the median days a home is on the market to a new low, according to the National Association of Realtors®. All major regions except for the Midwest saw an increase in sales last month....Read More

Foreign Buyers and Immigration Expected to Drive Future Demand for U.S. Housing

Posted by Michael Favor III on May 25, 2017

U.S. real estate markets are increasingly becoming international, and changing demographics brought forth by immigration and growing interest from foreigners are positioned to bolster home sales activity and prices....Read More

Realtors® Have a Positive Outlook for Commercial Markets in 2017

Posted by Michael Favor III on May 22, 2017

While challenges face commercial real estate markets, Realtors® specializing in the sector should have confidence that growth will continue. That’s according to speakers at a commercial economic issues and trends forum at the REALTORS® Legislative Meetings & Trade Expo....Read More

HUD Secretary Carson Highlights Possible Improvements to Homeownership Programs

Posted by Michael Favor III on May 17, 2017

Potential homebuyers have a lot to contend with from tight credit and low inventory to rising prices. But for buyers who are able to muscle past these hurdles, Realtors® know that tough-to-make deals can still fall apart when needlessly high regulatory burdens get in the way....Read More

Metro Home-Price Growth Heats Up 6.9 Percent in First Quarter

Posted by Michael Favor III on May 17, 2017

The strongest quarterly sales pace in exactly a decade put significant downward pressure on inventory levels and caused price growth to further accelerate during the first three months of 2017, according to the latest quarterly report by the National Association of Realtors®. Metro home prices have now accelerated for three consecutive quarters....Read More

5 Tips for Buyers in a Tight Housing Market

Posted by Michael Favor III on May 17, 2017

When inventory is low, home prices tend to go up. Attempting to purchase a house in this type of market can make the already complex process of buying a home even more overwhelming. To help buyers successfully get through the buying process in a tight inventory market with as little stress and difficulty as possible, the National Association of Realtors® has these five suggestions and an infographic: https://www.nar.realtor/infographics/5-tips-for-buying-in-a-tight-market....Read More

Survey Reports 12 Percent Jump in REALTOR® Business Activity

Posted by Michael Favor III on May 11, 2017

After a slip in business in 2015, the National Association of Realtors® Member Profile found that the income and sales volume of Realtor® members increased in 2016. The median gross income of Realtors® increased 8 percent in 2016 as the typical member had the highest number of transactions in recent years....Read More

Homeownership in the Crosshairs of Latest Tax Plan, Say Realtors®

Posted by Michael Favor III on May 3, 2017

Major reforms are needed to lower tax rates and simplify the tax code, but that shouldn’t come at the expense of current and prospective homeowners. That’s according to National Association of Realtors® President William E. Brown, a second-generation Realtor® from Alamo, California and founder of Investment Properties....Read More

Existing-Home Sales Jumped 4.4% in March

Posted by Michael Favor III on Apr 23, 2017

Existing-home sales took off in March to their highest pace in over 10 years, and severe supply shortages resulted in the typical home coming off the market significantly faster than in February and a year ago, according to the National Association of Realtors®. Only the West saw a decline in sales activity in March....Read More

Second Century Ventures Announces 2017 REach® Accelerator Class

Posted by Michael Favor III on Apr 23, 2017

The National Association of Realtors®’ strategic investment arm, Second Century Ventures, unveiled seven organizations chosen for the 2017 class of REach®, a growth technology accelerator program helping launch companies into the real estate, financial services, banking, home services and insurance industries. The program is focused on providing early-to mid-stage companies with access to NAR’s industry expertise, influence and key relationships as companies are launched into the trillion dollar real estate space....Read More

Affordability, Tight Supply Cause Vacation Home Sales to Plummet in 2016; Investment Sales Climb 4.5%

Posted by Michael Favor III on Apr 23, 2017

Last year’s strongest pace of home sales in a decade included a sizeable drop in activity from vacation buyers and a jump from individual investors, according to an annual second-home survey released today by the National Association of Realtors®. The survey additionally found that vacation and investment buyers in 2016 were more likely to take out a mortgage and use their property as a short-term rental....Read More

Personal Safety Company Guard Llama Scores Deal on ABC's "Shark Tank"

Posted by Michael Favor III on Apr 19, 2017

With an offer of $100,000 from investor Barbara Corcoran, 2015 REach real estate technology accelerator participant and personal safety device company, Guard Llama(link is external), is officially a part of “Shark Tank” television history....Read More

VA Home Loan Program Marked by Strong Underwriting, but Appraisers Raise Concerns

Posted by Michael Favor III on Apr 10, 2017

Challenges facing real estate appraisers servicing the Veterans Affairs were under Congress’s microscope this week as the National Association of Realtors® and other industry leaders took to Capitol Hill to hail the continued success of the VA Home Loan Guaranty Program....Read More

Majority of Realtors® Say Clients Interested in Sustainability

Posted by Michael Favor III on Apr 10, 2017

Growing consumer interest and demand for greener, more sustainable properties is driving a dialogue between Realtors® and homebuyers and sellers. Over half of Realtors® find that consumers have interest in real estate sustainability issues and practices, according to the National Association of Realtors®’ recent REALTORS® and Sustainability report....Read More