Survey: 2 Out of 3 Buyers Shopped for More than 3 Months
2 out of 5 (38%) actively engaged homebuyers said high prices kept them from actually submitting a bid, while 30% said they’d put in an offer but were outbid.
How Do You Get a Home Loan After Retirement?
In general, monthly income helps mortgage qualifying more than retirement money in the bank. Retirees should prep for a purchase a few months before they plan to buy.
CFPB Website Helps At-Risk Homeowners and Renters
More homeowners are heading toward default even though they have forbearance or other options, and CFPB is encouraging lenders to share their info with clients.
NAR Board Changes: MLS Standards, Tax Policies and More
In addition to Code of Ethics changes, NAR’s board approved 8 recommendations for consistent MLS standards and approved greater support for housing-shortage policies.
NAR Approves Changes to Professional Standards Rules
The board voted to add Standard of Practice 10-5, which requires Realtors “not use harassing speech, hate speech, epithets or slurs based on race, color, religion, sex, handicap, familial status, national origin, sexual orientation or gender identity” even outside real estate transactions.