Looking to relocate? Forewarned is fore armed.
Pending Home Sales Rise 8.1% in August 2021 August’s pending home sales pace increased 8.1% last month but fell 8.3% from a year ago. By: Michael Hyman Original source: https://www.nar.realtor/blogs/economists-outlook/more-contracts-signed-as-pending-home-sales-rise-8-1-in-august-2021
Instant Reaction: Jobs, November 5, 2021 Since coming out of lockdown 18 million jobs have been created, but total jobs are still 4 million below the pre-COVID-19 level. By: Lawrence Yun Original source: https://www.nar.realtor/blogs/economists-outlook/instant-reaction-jobs-november-5-2021
When President Joe Biden released his $1.8 trillion American Families Plan in April, one of the ways he proposed to pay for the increased federal spending was to limit the Internal Revenue Code Section 1031 like-kind exchange deferral amount to $500,000. Original source: https://www.nar.realtor/commercial-connections/the-juice-isnt-worth-the-squeeze
Passage of the Bipartisan Infrastructure Bill We look forward to working with Congress and the administration to ensure provision of affordable housing and equal access to credit in America. Media Contact: Tori Syrek Original source: https://www.nar.realtor/newsroom/nar-statement-on-the-passage-of-bipartisan-infrastructure-bill
Existing-Home Sales Recede 2.0% in August In August 2021, each of the four major U.S. regions experienced declines on both a month-over-month and a year-over-year perspective. Media Contact: Quintin Simmons 202-383-1178 Original source: https://www.nar.realtor/newsroom/existing-home-sales-recede-2-0-in-august
NAR Applauds Admin Suspending Portions of 2021 PSPAs The suspended portions would limit GSEs’ ability to appropriately serve the overall U.S. housing market as intended in crisis. Media Contact: Tori Syrek Mortgage Financing, Fannie Mae & Freddie Mac (GSEs) Original source: https://www.nar.realtor/newsroom/nar-applauds-administration-suspending-portions-of-the-2021-preferred-stock-purchase-agreements