Buying a home is one of the largest personal and financial decisions you can make. For many buyers, the process includes finding a loan that will help you pay for your new home over time. An agent who is a REALTOR® can help you learn about your options. Here’s what else you need to know:What is a mortgage, and how do I get one? A mortgage is a loan offered by a bank or lender that lets you borrow money to purchase a home and repay over
The Counselors of Real Estate released its annual list of the most pressing topics facing commercial and residential real estate in the year ahead.Political uncertainty, soaring insurance costs and the growth of artificial intelligence are among the hot topics that likely will have a big impact on the real estate industry in 2025, according to the Counselors of Real Estate, a global organization of property advisers. Each year, CRE releases its
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Commercial and multifamily mortgage loan originations increased 59% year-over-year in the third quarter of 2024 and increased 44% from Q2 2024, the Mortgage Bankers Associations (MBA) said Friday. Loan volume rose for all property types except office, which saw a 3% Y-O-Y decrease. Dollar volume for healthcare loans rose 510% Y-O-Y, while hotel loans were up 99%, retail rose 82%, industrial rose 57% and multifamily increased 56%.“After a slow s
Today, and every day, we stand in deep gratitude for the courage, dedication, and sacrifices made by our U.S. veterans. Your service exemplifies the highest standards of bravery and selflessness. In your honor, we commit to working with the same dedication and resilience that you have shown throughout your service. Thank you for protecting our freedom and inspiring us all.
The Federal Reserve approved its second consecutive interest rate cut Thursday, moving at a less aggressive pace than before but continuing its efforts to right-size monetary policy.In a follow-up to September’s big half percentage point reduction, the Federal Open Market Committee lowered its benchmark overnight borrowing rate by a quarter percentage point, or 25 basis points, to a target range of 4.50%-4.75%. The rate sets what banks charge e
The average homeowner has accumulated nearly $150,000 in housing wealth over the last five years. See which markets are seeing the biggest gains in NAR’s latest quarterly housing report.Homeowners continued to see their equity grow in the third quarter, with nearly 90% of major U.S. metro areas posting increases, the National Association of REALTORS® reported Thursday. Markets in the Midwest posted some of the largest gains last quarter, with
NOTE: Consumer guides do not constitute any change in NAR policy. Real estate professionals must ensure they market properties consistent with relevant MLS rules and educate sellers on the choices available.So, you’re ready to find your first home. But where do you begin? And what resources are available to help you? Here’s what you need to know as you embark on your homeownership journey:Who is considered a first-time homebuyer? The definiti
Mortgage rates rose for the fifth consecutive week, but it may be temporary.Mortgage rates have risen to their highest level since the beginning of August, and home buyers may find fluctuating rates, especially over this next week.“With several potential inflection points happening over the next week, including the jobs report, the 2024 election and the Federal Reserve interest rate decision, we can expect mortgage rates to remain volatile,”
If you’re ready to sell your home, you should feel empowered to find and work with the agent who is the best fit for your needs. Here are ten questions you should consider when selecting an agent:1. Are you a REALTOR®? When you work with an agent who is a REALTOR®, you are working with a professional guided by ethical duties under the REALTOR® Code of Ethics, including the pledge to protect and promote the interests of their clients.2. W
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