Congress grants National Flood Insurance Program a reprieve
The $1.2T funding bill passed by the House Friday averts a partial government shutdown and extends a critical program that protects 4.7M homes through the end of September
by Matt Carter Mar 22
Mild recession, elevated mortgage rates eyed in 2024: Fannie Mae
Fannie Mae economists predict 'mild recession' in H1 2024, while continued strength in the economy could keep mortgage rates from coming down as much as previously expected
by Matt Carter Sep 18
The challenges of selling a resort town during COVID-19
Team leader Marny Schlopy of Team Schlopy at Coldwell Banker in Park City, Utah, shares how her team and niche market have been impacted by the pandemic
by Lillian Dickerson Jul 30
'People are afraid': Agents worry wall will squeeze the local market
Agents in Texas near the border say a significant flow of capital into the US real estate market could be cut off
by Jim Dalrymple II Feb 16
Homesnap will pay monthly mortgage of 10 federal workers
As the longest US government shutdown in history drags on, the portal is hosting a contest to cover February mortgage payments
by Patrick Kearns Jan 22
Washington, D.C. Capitol building Congress
Deals that rely on an array of federal programs and agencies are all on hold while political leaders spar over how to fund the government
by Jim Dalrymple II Jan 18
The Real Word: HENRYs, bickering buyers and the shutdown
Opinion
What agents should know about the next generation of 'high earners, not rich yet'
by Byron Lazine Jan 18
Shutdown prompts Fannie Mae to tweak lender requirements
The mortgage-backed securities giant is in some cases waiving employment and income verifications and requiring cash reserves
by Jim Dalrymple II Jan 17
Washington, D.C. Capitol Building
The Internal Revenue Service resumed income verification, an essential part of buying a home, after lobbying from the mortgage industry. Critics question fairness of the decision
by Jim Dalrymple II Jan 11
Government shutdown 'causing tangible harm' to real estate: NAR
In new survey, nearly 25% of respondents said shutdown had impacted deals with current or potential clients
by Andrea V. Brambila Jan 10
Unpaid government workers owe $438M in mortgage and rent this month
Government workers not collecting a paycheck as a result of the shutdown will impact the housing market
by Patrick Kearns Jan 8
Flood insurance freeze halts thousands of US home sales
NAR estimates 40,000 home sales per month are in trouble as FEMA freezes NFIP during the government shutdown
by Patrick Kearns Dec 28
Government shutdown delays release of housing data
The U.S. Census Bureau, the Bureau of Economic Analysis and other agencies have all stopped posting their usual statistics and analyses
by Jim Dalrymple II Dec 27
Congress punts flood insurance extension to next week
On Thursday, the Senate passed a 6-month extension to the NFIP, but the House extension is only 7 days
by Patrick Kearns Nov 30
Senate votes to end shutdown, minimizing disruption to real estate
Business as usual set to resume later today so long as House grants approval
by Gill South Jan 22