Mortgage rates rose sharply this week following the trend of the 10-year Treasury yield, with the 30-year fixed mortgage rate increasing to 3.01%.
Original source: https://www.nar.realtor/blogs/economists-outlook/instant-reaction-mortgage-rates-september-30-2021
Dan Weisman, NAR’s director of emerging technology, told the audience that $25 billion per year is being invested in proptech across the globe and $10 billion of that is being invested in the United States. Original source: https://www.nar.realtor/newsroom/emerging-tech-takes-center-stage-at-realtors-conference-and-expo
Instant Reaction: Retail Trade Sales October 15, 2021 U.S. advance estimates of retail and food service sales for September 2021 increased from the prior month. By: Brandon Hardin Retail Properties Original source: https://www.nar.realtor/blogs/economists-outlook/instant-reaction-retail-trade-sales-october-15-2021
Less Intense Multi-bidding; Fewer First-time Buyers This summer’s intense multi-bidding is cooling, partly due to a seasonal decline, but also because first-time buyers cannot find affordable… By: Scholastica (Gay) Cororaton First-Time Homebuyers Original source: https://www.nar.realtor/blogs/economists-outlook/less-intense-multi-bidding-and-fewer-first-time-buyers-in-august-2021
NAR Congratulates the Bipartisan Policy Center NAR looks forward to collaborating with Ron and the Bipartisan Policy Center to ensure every American is afforded access to homeownership. Media Contact: Tori Syrek Original source: https://www.nar.realtor/newsroom/nar-congratulates-the-bipartisan-policy-center-for-launching-the-j-ronald-terwilliger-center-for-housing-policy
Student Loan Debt Is Curbing Millennial Homeownership Americans with high student debt often must choose between retirement investment, buying a home, getting married, starting a family, or saving money. Media Contact: Tori Syrek Original source: https://www.nar.realtor/newsroom/student-loan-debt-holding-back-majority-of-millennials-from-homeownership
NAR Announces New REALTOR Benefits® Program Partnership A new resource will help small residential brokerages provide the same agent service and support typically offered by larger entities. Media Contact: Spencer High 202-383-1051 Being a Broker, Managing Your Office Original source: https://www.nar.realtor/newsroom/nar-announces-new-realtor-benefits-program-partnership