Real Estate News

Consumer Sentiment Continues to Crash Amid Economic Uncertainty

RisMedia Consumer Advice - April 11, 2025 - 12:02pm

Consumer sentiment has now fallen for the fourth straight month as the economy continues to waver under a back and forth on tariffs and trade wars, according to the latest data from the University of Michigan. The preliminary Index of Consumer Sentiment reading for April came in at 50.8, a 10.9% tumble from March’s reading…

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Categories: Real Estate News

Baby Boomers Back on Top as Largest Percentage of U.S. Homebuyers

RisMedia Consumer Advice - April 2, 2025 - 1:44pm

Real estate agents should expect to work the most with older and experienced homebuyers, per the latest data from the National Association of REALTORS® (NAR). NAR’s 2025 Home Buyers and Sellers Generational Trends Report found that baby boomers have overtaken millennials, reclaiming the top spot as the largest share of homebuyers, outpacing younger generations.  Millennials,…

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Categories: Real Estate News

Consumer Sentiment Drops Again, Across All Groups

RisMedia Consumer Advice - March 28, 2025 - 1:10pm

Consumer sentiment continues to take a serious tumble, with members of all political groups beginning to express worry and unease in their economic outlooks, according to the latest data from the University of Michigan. The latest Index of Consumer Sentiment reading came in at 57 for March, falling a whopping 11.9% from February’s 64.7 reading.…

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Categories: Real Estate News

Consumer Confidence Continues to Tumble; Expectations Hit 12-Year Low

RisMedia Consumer Advice - March 25, 2025 - 12:44pm

Consumer confidence fell for the fourth consecutive month, registering below the threshold for recession indicators for the second straight month—reflecting many consumers’ continued apprehension toward the economy, according to the latest data from The Conference Board. The Consumer Confidence Index® fell by 7.2 points in March to 92.9, similar to the seven-point decrease seen last…

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Categories: Real Estate News

Real Estate Economists Discuss How Tariffs Could Impact Homebuilders, Buyers

RisMedia Consumer Advice - March 6, 2025 - 11:55am

President Trump’s 25% tariffs on Mexican and Canadian imports, initially set to go into effect earlier this week on Tuesday, March 4, have been delayed up until April 2. Trump granted Mexico the extension, announcing it via Truth Social post, and just a few hours after, he reversed the order for Canada. For another month,…

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Categories: Real Estate News

Consumer Sentiment Tumbles in February, Except for Republicans

RisMedia Consumer Advice - February 21, 2025 - 2:17pm

Consumers’ sentiment toward the economy distinctly wavered in February for almost all groups across the board, with some disagreement across political parties, according to the latest data from the University of Michigan. The latest Index of Consumer Sentiment reading came in at 64.7 for February, falling a sharp 9.8% from January’s 71.7 reading. The Index…

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Categories: Real Estate News

Consumer Confidence Continues Slide, Remains Above Recession Line

RisMedia Consumer Advice - January 28, 2025 - 1:53pm

Consumer confidence continued to slide down in January, according to data from The Conference Board, however, experts feel the downtrend is not outside of the range it’s been in the past few years. “Consumer confidence has been moving sideways in a relatively stable, narrow range since 2022. January was no exception,” said Dana M. Peterson,…

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Categories: Real Estate News

Happy Halloween? Mortgage Rates Average 6.66%

NAR Daily Real Estate News - October 6, 2022 - 1:00am

Home buyers have lost about $107,000 in buying power since the beginning of the year—and that’s what’s truly scary.

Categories: Real Estate News

NAR’s 2022 Good Neighbors: A Passion for Giving That Outlasted a Pandemic

NAR Daily Real Estate News - October 6, 2022 - 1:00am

Meet the five REALTORS® who were named this year’s winners, and learn how they went above and beyond for their communities in a dark time.

Categories: Real Estate News

New Wire Fraud Scheme Exploits Virtual Meetings

NAR Daily Real Estate News - October 5, 2022 - 1:00am

Hackers can infiltrate online meeting platforms, posing as a legitimate party to a real estate transaction, and give your clients fraudulent wire instructions. Learn how to spot them.

Categories: Real Estate News

Renovation Startup Revive Wins iOi Pitch Battle

NAR Daily Real Estate News - September 30, 2022 - 1:00am

The company, which enables home sellers to update their property with no upfront costs, was crowned at NAR’s annual technology conference.

Categories: Real Estate News

Mortgage Rates Inch Closer to 7%

NAR Daily Real Estate News - September 29, 2022 - 1:00am

Buyers would be smart to shop around: The large dispersion in rate offerings among lenders could amount to several hundreds of dollars, Freddie Mac says.

Categories: Real Estate News

FHA Moves to Include On-Time Rental Payments for First-Time Buyers

NAR Daily Real Estate News - September 28, 2022 - 1:00am

“If you’re regularly paying your rent on time, that’s a good indication you will also pay your mortgage on time,” says the Federal Housing commissioner.

Categories: Real Estate News

NAR: ‘Decade-High Rates Deeply Cut Into Contract Signings’

NAR Daily Real Estate News - September 28, 2022 - 1:00am

Pending home sales are posting annual losses in the double-digits as home buyers continue to back away from the market due to surging mortgage rates.

Categories: Real Estate News

Mortgage Rates Jump Even Higher After Fed Hike

NAR Daily Real Estate News - September 22, 2022 - 1:00am

The monthly mortgage payment on a $400,000 loan is about $2,470 compared to $1,660 a year ago, according to NAR.

Categories: Real Estate News

NAR Helps White House Brainstorm Inventory Solutions

NAR Daily Real Estate News - September 22, 2022 - 1:00am

Leslie Rouda Smith, the association’s president, joins administration officials and other housing leaders to discuss a comprehensive plan to address shortages.

Categories: Real Estate News

Existing-Home Sales Slip Again, Yun Blames Mortgage Rates

NAR Daily Real Estate News - September 21, 2022 - 1:00am

Still, homeowners are faring well, with property prices surging despite a pullback in buyer demand, says NAR’s chief economist.

Categories: Real Estate News

Housing Starts Rebound, Builders Aim to Win Buyers Back

NAR Daily Real Estate News - September 21, 2022 - 1:00am

Despite an unexpected jump in new construction in September, demand for new homes is falling due to high prices and mortgage rates. Builders are lowering their asks to boost buyer traffic.

Categories: Real Estate News

NAR Mentorship Program Helps Agents Discover New Niches

NAR Daily Real Estate News - September 16, 2022 - 1:00am

NAR Spire pairs real estate pros in underserved areas with experienced practitioners to help them find new business opportunities.

Categories: Real Estate News

Mortgage Rates Top 6% for First Time Since 2008

NAR Daily Real Estate News - September 16, 2022 - 1:00am

Monthly mortgage payments are 60% higher than a year ago, according to NAR. Buyers can save by shopping around for different types of loans.

Categories: Real Estate News