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topStories Thursday, May 25, 2023
NAR President Testifies Before Congressional Panel About New Mortgage Fees
In response to the controversial new loan level pricing adjustments (LLPA) announced by the Federal Housing Finance Agency’s (FHFA), National Association of Realtors® President Kenny Parcell recently testified before the House Committee on Financial Services Subcommittee on Housing and Insurance on the fees' unnecessary and confusing nature...
Median Rent Price Slightly Increases

In keeping with high home prices, the U.S. median asking rent grew by $4 to $1,734 in April, down $43 from its peak, according to a new report from
Builder Confidence Increases in May

Builder confidence rose in May due to limited inventory creating a stronger need for new construction, according to the latest...
New Construction Up Again, With a Boom Out West

“Homebuilders are feeling confident about the outlook for new housing demand,” said Bright MLS' Dr. Lisa Sturtevant...
Latest Fed Rate Hike Unnecessary, Says NAR Chief Economist

NAR Chief Economist Lawrence Yun said he expects the Fed will stop raising interest rates further...
Three Tips for Closing More Real Estate Sales in a Shifting Market
If you’re a team leader, it’s imperative that you set your agents up to be successful, so that they can reach their own goals, as well as those of the overall team. Your newer agents will need to learn the basics they never really have used while more seasoned agents may benefit from a refresher course...
Where Are the Most Affordable Suburbs?
Mortgage Rates Revert, Inch Back Up Last Week
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