National Assocation of Realtors

Homebuyers 62+ Focus of New Toolkits for Real Estate Agents, Builders

WASHINGTON/ March 9, 2018 (STLRealEstate.News) — The National Reverse Mortgage Lenders Association released two free toolkits today for real estate agents and homebuilders who work with older homebuyers. The guides explain a mortgage financing option specifically for buyers aged 62 and older called “HECM for Purchase.” The Home Equity Conversion Mortgage for Purchase is a … Continue reading Homebuyers 62+ Focus of New Toolkits for Real Estate Agents, Builders

How to buy a house that hasn’t been built yet

February 22, 2018 (AP)(STLRealEstate.News) –Trisha and Dennis Rawlings, a couple in their early 30s, are moving to suburban Chicago and leaving their over-60-year-old first home in the St. Louis area behind. “We were looking at potentially buying a house,” Trisha says. But in the area where they want to live, the options within their budget … Continue reading How to buy a house that hasn’t been built yet

Realtors®: Senate-Passed Tax Legislation Bad News for Homeowners

WASHINGTON/ Dec. 2, 2017 (StlRealEstate.News) — The U.S. Senate today passed tax reform legislation that the National Association of Realtors® believes puts home values at risk and dramatically undercuts the incentive to own a home. NAR President Elizabeth Mendenhall, a sixth-generation Realtor® from Columbia, Missouri and CEO of RE/MAX Boone Realty, offered strong concerns over … Continue reading Realtors®: Senate-Passed Tax Legislation Bad News for Homeowners

Pending Home Sales Strengthen 3.5 Percent in October

WASHINGTON/ Nov. 29, 2017 (StlRealEstate.News) — Pending home sales rebounded strongly in October following three straight months of diminishing activity, but still continued their recent slide of falling behind year ago levels, according to the National Association of Realtors®. All major regions except for the West saw an increase in contract signings last month. The Pending … Continue reading Pending Home Sales Strengthen 3.5 Percent in October

US home prices leapt in September by the most in 3 years

WASHINGTON/November 28, 2017 (AP)(StlRealEstate.News) — U.S. home prices rose at the fastest pace in more than three years in September, lifted by a record-low supply of houses for sale. The Standard & Poor’s CoreLogic Case-Shiller national home price index released Tuesday rose 6.2 percent in September from a year earlier, the largest gain since June 2014. … Continue reading US home prices leapt in September by the most in 3 years

This Week: Leading indicators, home sales, Fed minutes

November 24, 2017 (AP)(StlRealEstate.News) look at some of the key business events and economic indicators upcoming this week: ECONOMIC BAROMETER A measure of the U.S. economy’s future health is expected to have improved last month. Economists predict that the Conference Board will report Monday that its index of leading indicators rose 1 percent in October … Continue reading This Week: Leading indicators, home sales, Fed minutes

US home construction reaches strongest pace in a year

WASHINGTON/November 24, 2017 (AP)(StlRealEstate.News)(STL.NEWS) — Construction of new homes climbed 13.7 percent in October, the biggest jump in a year as builders broke ground on more apartments and single-family houses. The Commerce Department said Friday that the monthly gain put U.S. housing starts at a seasonally adjusted annual rate of 1.29 million units. That is … Continue reading US home construction reaches strongest pace in a year

Led by technology and health care, stocks set more records

NEW YORK/November 21, 2017 (AP)(STL.News) — The market’s biggest winners this year, technology and health care, powered U.S. stock indexes to more all-time highs on Tuesday. Huge technology companies like Apple and Facebook continued their ascent, while strong reports from companies including medical device maker Medtronic and construction and technical services company Jacobs Engineering helped … Continue reading Led by technology and health care, stocks set more records