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NAR adds home improvement contractor’s app to Realtor benefits

Housing Wire

The National Association of Realtors (NAR) announced on Wednesday the addition of a home repair estimate app to its package of NAR Realtor Benefits for members. Founded in 2017, Curbio is based in Potomac, Md. The company also lists Comcast Ventures , Revolution and Camber Creek as investors.

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Costs Mounting for Homebuyers

Appraisal Buzz

More than half of home buyers (52%) negotiated with the seller, with 94% of those who did achieving success. About 34% of buyers paid below the asking price in 2024—up from 27% in 2022, when the market was more favorable to sellers. Since launching in 2017, Clever has reached $11.4

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Two years after fleeing to the suburbs, homebuyers have flocked back to cities

Housing Wire

That’s evident in the annual profile of home buyers and sellers from the National Association of Realtors (NAR), which provides data on dozens of real estate trends. Between 2017 and 2021, rural areas and small towns had remarkably consistent shares of the home purchase market at about 13% and 22%, respectively.

Realtors 468
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Opinion: Agencies are key to fixing housing affordability

Housing Wire

In the 2017 tax bill, caps on state and local tax (SALT) deductions and a boost in the standard deduction eviscerated the mortgage interest deduction, ending its use for all but the wealthiest homebuyers. Congress is gridlocked, so enactment of these initiatives is highly unlikely. But now a new threat is emerging on this front.

Sellers 476
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Minority homeownership gains ground, but disparities persist: NAR

Housing Wire

According to a new report from the National Association of Realtors (NAR) titled “A Snapshot of Race and Home Buying in America,” Asian and Hispanic Americans achieved historic heights in homeownership rates in 2022 of 63.3% The dream of homeownership is becoming more attainable for many Americans, with 10.5 and 51.1%, respectively.

Buyers 476
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Inventory is rising and affordability is improving, but home sales aren’t happening

Housing Wire

This dovetails with recent pending sales data from the National Association of Realtors. The widely anticipated Fed rate cut has already ushered in lower mortgage rates, but it seems that some buyers and sellers are waiting for additional declines,“ Realtor.com chief economist Danielle Hale said in a statement. “As

Inventory 468
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Three yards and a cloud of dust

Housing Wire

In the 2017 tax bill, caps on state and local tax (SALT) deductions and a boost in the standard deduction eviscerated the mortgage interest deduction, ending its use for all but the wealthiest homebuyers. Congress is gridlocked, so enactment of these initiatives is highly unlikely. But now a new threat is emerging on this front.

Sellers 439