The baseline conforming loan limit (CLL) for most U.S. mortgages backed by Freddie Mac and Fannie Mae in 2024 has increased from $726,200 to $766,550, an increase of $40,350 or 5.56% from 2023, according to the annual release by the Federal Housing Finance Agency (FHFA) this past Tuesday. The...
Another week, another commission lawsuit (or three). As bigger, national lawsuits continue to move slowly through the courts, attorneys in three states have decided to emulate the plaintiffs in Burnett, and bring very similar claims—that REALTOR® associations are conspiring with big brokerages to inflate commissions—to their regions. The Burnett...
Second Century Ventures, the strategic investment arm of the National Association of REALTORS®, opened applications today for the 2024 U.S. REACH technology growth program. Applications for the U.S. REACH Commercial program will open in March 2024. The U.S. REACH program focuses on solutions supporting the residential real estate sector,...
As 2023 is coming to a close, there's a lot of predictions up in the air for what the housing market is going to look like in 2024. Will mortgage rates come down? Will prices? Will the market crash? There's a lot of questions, but one of the biggest...
Mortgage applications increased for the fifth straight week, raising 2.8% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending Dec. 1, 2023. Last week's results include an adjustment for the observance of the Thanksgiving holiday. The numbers:...
Peaks and valleys… ebbs and flows… waxes and wanes… Every real estate professional understands that their industry has more of them than most, due to economic variables, inventory issues and a variety of other home-buying and -selling factors. Indeed, 2023 and very likely 2024 may someday be looked back...
David Dalfino, an owner of a Pillar To Post Home Inspectors® network member in Michigan, has been named the 2023 Strategic Partner of the Year for the Greater Metropolitan Association of REALTORS® the largest, local REALTOR® association in Michigan with more than 11,500 members, the company has announced. “Dave...
Freddie Mac has announced new, standardized mortgage documents that increase clarity, consistency and accessibility of down payment assistance (DPA) programs nationwide. These documents can be used by lenders working with housing finance agencies (HFAs) at the state, city, county and local levels to eliminate confusion and misinterpretation of DPA...
NAR PULSE—Send your agents to the REALTOR® Store to stock up on business-boosting resources that will help them close deals. From now until Dec. 18, select products are 20% off. Happy shopping! Rally behind RRF and help communities when they need it most The REALTORS® Relief Foundation's goal is ...read more
REALTORS® are an essential piece of the housing market ecosystem. However, especially in the world post Burnett vs. NAR, many home sellers don't realize the necessity of an agent when it comes to navigating the market. For sellers that choose to make their own way in the market, it ...read more