With home prices slow to fall, would-be buyers are getting squeezed out

People who lost income during the pandemic are finding it hard to buy their first homes as real estate prices grew faster than incomes, according to a new Harvard University report. The dream of homeownership may be further out of reach for people who lost income during the pandemic, with high home prices unlikely to … Read more

Dueling NAR and REX op-eds hint that DOJ will target commissions

The National Association of Realtors and REX Real Estate each have very different views on the commission structure in the U.S. and, with federal regulators looking on, are attempting to make their case not just in the courts, but to consumers and agents at large. On July 8, the Wall Street Journal published an op-ed … Read more

Hispanics most likely to get family help to buy a home: Redfin

Redfin report found that 52 percent of Hispanic homeowners lived with family or friends without paying rent to save for housing costs. For many Latino households, buying a home is an extended family affair. Hispanic homeowners are more likely than people of other races or ethnicities to receive financial help with housing from family members, … Read more

Asian American homeownership is still lagging: Report

Asian American homeownership rates lag in numerous major cities including New York, Los Angeles and Boston. A new report out Wednesday shows that while the Asian American and Pacific Islander communities have higher-than-average incomes in the U.S., both groups still lag behind the rest of the country when it comes to homeownership. The report comes … Read more

Real (Estate) Talk: What one realty firm is doing to boost Black homeownership

This year, the federal government has taken steps to recommit to fair housing, but what can be done locally? Here’s what this Wisconsin firm is doing to help would-be homebuyers overcome barriers to homeownership. June is National Homeownership Month, making now “a time to share our stories and create opportunities for future homeowners.” Yet, in … Read more

NAR, Updater partner to provide real-time relocation data to Realtors

The trade group will be able to use “pre-move” data to inform reports on migration patterns and housing demand. With “the great reshuffling” underway as people with increased flexibility to work from anywhere move to homes that better fit their needs, relocation trends can be hard to spot in real time. To tackle that problem, … Read more

A national home value downturn isn’t in our future. Here’s why

There’s an overwhelming amount of data and headlines circulating. This column is my attempt to make sense of it all for you, the real estate professional, from an overall economic standpoint. Regular readers and viewers of my videos will know that I generally take this opportunity to give you an update on the housing-related numbers that came … Read more

More than half of all renters are planning a post-pandemic move

Renters surveyed by property management software company Entrata cited cost and space-related reasons as their biggest impetus for moving over the past year. Property investors rode a wild wave during the pandemic, with the short-term rental market stopping, then restarting, and property prices in many second-home markets soaring. What does the future hold for new … Read more

How LGBTQ+ discrimination hinders path to homeownership

For the LGBTQ+ community, housing discrimination is preceded by many other impactful forms of discrimination that create barriers to homeownership. Here’s how. You’ve saved up for the down payment, conducted extensive online research and engaged with a Realtor to guide you through the process of becoming a homeowner, help you find the perfect home and … Read more

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