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Pending home sales crush hopes of forbearance crash bros

Housing Wire

From the National Association of Realtors : “Pending home sales rose 8% in May from the prior month and 13.1% is the highest reading for May since 2005. Of course, last year’s comps should be discounted due to COVID-19. from one year ago. The May 2021 Pending Home Sales Index of 114.7

Realtors 505
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Meet Kevin Sears, NAR’s latest president

Housing Wire

When Kevin Sears stepped into the role of National Association of Realtors president on Monday following Tracy Kasper’s resignation , he became the trade organization’s third president in a little over four months. In addition to serving his local and state Realtor organizations, Sears has served NAR in multiple roles over the years.

Realtors 448
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Is 166-year-old Baird & Warner ahead of its time?

Housing Wire

In the 1960s, its then-executive John Baird tussled with the National Association of Realtors (NAR) over that group’s enforcement of redlining as Baird wanted to sell homes to Black people in areas that lenders and agents marked as white only. Baird & Warner lays claim to be the oldest U.S. brokerage still in operation, launching in 1855.

Brokerage 448
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Mortgage rates dip back down to 2.98%

Housing Wire

Pending home sales metrics released by the National Association of Realtors on Wednesday revealed pending home sales reached its highest mark for the month of May since 2005, up 8% from the previous month of April. Borrowers are still shopping at a feverish pace, at least by historic standards.

Mortgage 511
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Existing home sales increase for the fifth month in a row

Housing Wire

million, according to a report from the National Association of Realtors on Thursday. million unit sales pace was the highest since November 2005, and on an annual basis, sales were up a robust 26.6%,” Kan said. Existing home sales grew for the fifth consecutive month in October, up 4.3% Compared to last October, sales are up 26.6%.

Inventory 545
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Steve Harney, founder of Keeping Current Matters, has died

Housing Wire

He sold the brokerage in 2005. ” Harney was a sought-after speaker at real estate events, including hundreds of company events, the annual National Association of Realtors conference and other major service providers to the housing industry. Steve was fighting the good fight every day.”

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MC Mortgage Group joins UMortgage platform

Housing Wire

Patrick Stoy , president of MC Mortgage Group, established the brokerage in 2005 and brings with him 24 years of experience in the housing industry. MC Mortgage Group, a mortgage brokerage based in Wilmington, North Carolina, serves homebuyers across North and South Carolina.

Mortgage 370