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NAR Daily News Magazine

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Each weekday, REALTOR ® Magazine applies a real estate lens to top headlines from major news sources and trend reports, alongside timely updates from NAR.
Updated: 4 hours 59 min ago

4 Tips to Help Buyers, Sellers Choose the Right Remodeler

August 6, 2018 - 12:00am

For clients bitten by the remodeling bug, here are some tips for choosing a contractor to help them spruce up their home.

Categories: Real Estate

Apartment Rents Just Jumped Higher in Most Cities

August 6, 2018 - 12:00am

The national average rent reached an all-time high in July, even as a wave of new apartments hit the market.

Categories: Real Estate

Bank Giant Is Allowing Borrowers to Forgo Escrow Accounts

August 6, 2018 - 12:00am

United Wholesale Mortgage is allowing borrowers an escrow-free option with their mortgage, even for those with dinged credit histories. Some in the mortgage industry are concerned.

Categories: Real Estate

6 Cities to Find Bargain Buys on a Big Home

August 6, 2018 - 12:00am

Buyers who love big homes can still find a deal in some locales. Check out where you can score a home of more than 3,000 square feet for under $100 per square foot.

Categories: Real Estate

Why Clients May Be Asked to Write a ‘Comfort Letter’ to Their Lender

August 6, 2018 - 12:00am

Don’t panic if your buyer is asked to write one. The “comfort letter” is becoming a common request from lenders nowadays.

Categories: Real Estate

Residential Towers Dominate Skyscraper Construction

August 3, 2018 - 12:00am

The count of construction cranes is up more than 10 percent across all of North America, with Toronto and Seattle topping the list.

Categories: Real Estate

Commercial Giant Makes Stock Market Debut

August 3, 2018 - 12:00am

Cushman & Wakefield opened on the New York Stock Exchange on Thursday, with shares jumping 7 percent on its first day of trading.

Categories: Real Estate

Hike in Mortgage Rates Erases Affordability Relief

August 3, 2018 - 12:00am

Mortgage rates are now at their fourth highest level of the year, Freddie Mac reports.

Categories: Real Estate

Would Your Neighborhood Score an ‘A’ or ‘F’?

August 3, 2018 - 12:00am

More than 10,000 neighborhoods across the country were recently ranked and assigned a letter grade based on their prospects for real estate buyers and investors.

Categories: Real Estate

Fed Leaves Rates Alone But Hints at Future Hikes

August 2, 2018 - 12:00am

The Fed’s key interest rate does not have a direct impact on mortgage rates, but it usually influences them.

Categories: Real Estate

Empty Lot to Be Listed for Record $1B

August 2, 2018 - 12:00am

A vacant parcel in Beverly Hills could potentially become the most expensive piece of real estate ever sold.

Categories: Real Estate

Wildfires Could Be Boon for Some California Markets

August 2, 2018 - 12:00am

Eighteen blazes in the state have scorched an area larger than Los Angeles, but despite the devastation, home prices may surge. Here’s why.

Categories: Real Estate

Inventory Climbs in a Third of Largest U.S. Cities

August 2, 2018 - 12:00am

However, the expanded supply of homes for sale is not relieving the upward pressure on prices, realtor.com® reports.

Categories: Real Estate

Too Much Income Devoted to Making Rent

August 1, 2018 - 12:00am

Renters are struggling, and it's no wonder why. The income that the average American needs in order to pay rent tops six figures in some cities.

Categories: Real Estate

Where Home Improvement Loans Are Hot

August 1, 2018 - 12:00am

Higher home prices and tighter inventory seem to be causing some to turn toward home remodeling projects. Find out which cities are seeing more homeowners spending significant money to spruce up their properties. 

Categories: Real Estate

The Real Reason Your Client’s Offer Was Rejected

August 1, 2018 - 12:00am

Sometimes even the most attractive offers still fall short, and explaining why can be a tough part of your job. Here are four scenarios that might help you become a better adviser in the negotiation process.

Categories: Real Estate

4 Financial Lessons Boomers Can Teach Millennials

July 31, 2018 - 12:00am

Younger buyers are on a better financial path than most people assume, and they'll continue to be if they don’t make the same missteps as previous generations.

Categories: Real Estate

How Much Cigarette Smoke Decreases Resale Value

July 31, 2018 - 12:00am

The odor can also linger in a home for months after the smoking owner moves out, according to a realtor.com® study.

Categories: Real Estate

Consumers: Family Ties Don’t Trump Free Dream Home

July 31, 2018 - 12:00am

A new survey reveals just how much prospective buyers would sacrifice in order to score the perfect home at no cost.

Categories: Real Estate

Homeowners Stand to Save More Than Renters

July 31, 2018 - 12:00am

Owners can often conserve more money once housing costs and living necessities are all covered. However, a new study shows those who rent can barely get by in some cities.

Categories: Real Estate