NAR's pending home sales index is out today, and the news is not good. View email in a browser.
National Association of REALTORS(R) - REALTOR(R) Magazine
September 27, 2017
Today's Headlines
Inventory Woes Drain Momentum
Pending home sales receded last month for the fifth time in six months, causing NAR to have to tweak its existing home sales forecast for 2017.
Buy vs. Rent Index Still Leans Toward Buy
Although certain areas of the country still remain strongly on the ‘buy’ side, the latest index from Florida Atlantic University and Florida International University indicates price run-ups approaching pre-bubble levels.
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Builder Touts Mortgage to Pay Off Student Debt
A new lending program offered by building giant Lennar Corp. aims to remove the student loan obstacle blocking some young adults from homeownership.
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Twitter Tests Longer Tweets
The social network is trying out the idea of doubling the character limit of posts from 140 to 280 in select markets.
Higher Interest Rates Press On Loan Demand
Total mortgage application volume dropped half a percent on a seasonally adjusted basis this week, bringing it down to 21.5 percent lower than a year ago.
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New-Home Supply Up, But Not Enough
Though the number of new homes on the market was at its highest level since July 2014, sales in the sector did little to break out in August.
Real Estate Pros’ Most Embarrassing Mishaps
Whether you’re new to the business or a seasoned veteran, everyone makes mistakes. Read about some hilarious ones from practitioners across the country—and share your own.
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