Originally published on June 3, 2021 by Rachel Conner for Realtor.com.

Realtor.com® Housing Report: Home Prices Reach New High at $380,000 in May

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Originally published on June 2, 2021, by John Gittelsohn for Bloomberg.

(Bloomberg)—Even as the remote-work era clouds the future for offices, one segment of the business is drawing cash from investors including Blackstone Group Inc. and KKR & Co.

Originally published on June 3, 2021, for the Federal Housing Finance Agency (FHFA).

Washington, D.C. — Today, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) will continue to offer COVID-19 forbearance to qualifying multifamily property owners through September 30, 2021, subject to the continued tenant protections FHFA has imposed during the pandemic. This is the third extension of the programs, which were set to expire June 30, 2021.

Originally published on June 1, 2021, by the White House.

One hundred years ago, the thriving Black community of Greenwood in Tulsa, Oklahoma, known as “Black Wall Street,” was ruthlessly attacked by a violent white supremacist mob. An estimated 300 Black Americans were killed and another 10,000 were left destitute and homeless.

Originally published on May 20, 2021 by Freddie Mac.

MCLEAN, Va., May 20, 2021 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 3.00 percent.

Originally published on May 19, 2021. by Fannie Mae.

Originally published on May 17, 2021, by  William Maher for UrbanLand Magazine.

Real estate economists predict markedly improved U.S. economic and property market conditions over the next three years, 2021 to 2023, compared with the forecast of six months ago, according to the spring ULI Real Estate Economic Forecast.

Originally published on May 20, 2021. by Michael Tucker for Mortgage Bankers Association.

JLL, Chicago, reported the spread between retail property rents and industrial property rents is compressing as home deliveries speed up and e-commerce steals more and more market share from brick-and-mortar retailers.

Originally published on May 26, 2021, by George Ratiu for Realtor.com.

Pandemic Homebuyers Are Happy With Their Homes

Originally published on May 26, 2021, by Redfin.

Originally published on May 26, 2021, by Kriston Capps for Bloomberg CityLab.

Housing Secretary Marcia L. Fudge is making a stop on Wednesday morning at 18th and Vine, the intersection at the heart of Kansas City’s historic Jazz District. Backed by Missouri leaders, she’ll deliver remarks on a theme that she’s been repeating since her confirmation, in speeches, during testimony and over social media: “Housing is infrastructure.”

Kick-off summer with NCAI this Thursday, June 10th! Catch up with friends, make new connections, hear chapter updates about the year, and congratulate our newly designated members!

In addition, the Chapter will vote to dissolve the International Relations Committee (IRC).

Kick-off summer with NCAI next Thursday, June 10th! Catch up with friends, make new connections, hear chapter updates about the year, and congratulate our newly designated members!

In addition, the Chapter will vote to dissolve the International Relations Committee (IRC).

Originally published on May 19, 2021, for the M Report.

The Federal Housing Finance Agency (FHFA) has published its proposed 2022-2024 Underserved Markets Plans, submitted by Fannie Mae and Freddie Mac under the Duty to Serve (DTS) program. The proposed Plans cover the period from January 1, 2022-December 31, 2024.

“After a run up over the first few months of the year, rates have paused and hovered around three percent since March,” said Sam Khater, Freddie Mac’s Chief Economist. “Despite this favorable rate climate, there remains a shortage of homes for sale. The lack of housing supply has been compounded by labor disruptions and expensive building materials that are driving up the cost of new housing, making it difficult for homebuyers to find homes to purchase.”

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Originally published on May 17, 2021 by TheRealDeal.com. 

Developers who had hoped for potential expansion of Opportunity Zones won’t be getting their way.

The House on May 18 passed HR 3008, the Homebuyer Assistance Act, legislation reintroduced by Reps. Brad Sherman, D-Calif., and Van Taylor, R-Texas, that would amend the National Housing Act and allow state-licensed appraisers to perform appraisals for mortgages insured by the Federal Housing Administration. The legislation would require compliance with existing appraiser education requirements.

A previous version of the bill was introduced in the last Congress and passed the House, but did not receive a vote in the Senate. House Financial Services Committee Chairwoman Maxine Waters is working with Sherman and Taylor to help advance this version of the legislation.

Originally published on May 11, 2021, for Redfin.

The value of properties sold is roughly equal to the GDP of France,
or the combined market value of Amazon and Facebook

NCAI Q2 Chapter Business Meeting

Thursday, June 10 | 2pm | Zoom Meeting

Kick-off summer with NCAI on June 10! Catch up with friends, make new connections, hear chapter updates about the year, and congratulate our newly designated members!