The country isn’t officially in a recession yet, despite two consecutive quarters of national contraction of the gross domestic product, a commonly cited indicator of an economic downturn, says Lawrence Yun, chief economist for the […]
Chicagoland REALTOR(R) associations and a multiple listing service are teaming up to bring more real estate tech innovations to its members, billed as the first multi-association and MLS to form a REACH Labs program. REACH […]
The U.S. House of Representatives passed a bill Wednesday evening to expand the availability of remote online notarization (RON) nationwide, a key advocacy priority for the National Association of REALTORS(R).The bipartisan SECURE Notarization Act now […]
With skyrocketing inflation and mounting recession fears, the Federal Reserve made another aggressive move Wednesday, raising its benchmark rate by three-quarters of a percentage point for the second time this year to try and tame […]
Even though national GDP contracted for the second quarter in a row and home sales have fallen for five straight months, property prices are likely to continue growing because of low inventory, Lawrence Yun, chief […]
With volatile mortgage rates driving home buyers from the market, economists are skeptical that a dip in borrowing costs this week will have a meaningful impact. The 30-year fixed-rate mortgage fell to an average of […]
Pending home sales fell in June as surging mortgage rates and record-high home prices are making home buyers more cautious in moving forward. The median existing-home price hit an all-time high in June ($416,000). Homes […]
Six of the 10 counties most vulnerable to a downturn are in New Jersey, according to a Special Housing Risk Report—which looked at the highest concentrations of the most at-risk markets in the first quarter […]
Less than a year after closing a $4 million seed round, the cash-back-for-renters platform Stake announced the close of its Series A totaling $12 million, and a $52 million valuation, a valuation being reported exclusively […]
With inflation at a 40-year high and mortgage rates more than 2% points higher than they were six months ago (and continuing to climb), you might find that now is not the right time to buy a […]
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