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National Association of REALTORS® Moves to Dismiss Moehrl Suit; Shows Lawsuit is Based on Rule Fabricated by Class Action Attorneys
The National Association of REALTORS® (NAR) moved to dismiss the Moehrl v. NAR lawsuit on the basis that the complaint misrepresents NAR rules for the operation of Multiple Listing Services (MLSs), which have long been recognized by the courts across the country as protecting consumers and creating competitive, efficient markets that benefit home buyers and sellers. The filing was made in federal court in Chicago.
April New Home Purchase Mortgage Applications Increased 15.6 Percent
The Mortgage Bankers Association Builder Application Survey data for April 2019 shows mortgage applications for new home purchases increased 15.6 percent from a year ago.
Are Hybrid Appraisals Becoming the New Normal In Real Estate Transactions?
Appraisals, a critical part of real estate transactions, have customarily been done in-person by an experienced appraiser. However, with advancements in technology and the rise of big data, alternatives to the traditional appraisal field are beginning to become more prevalent in the U.S.
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President Trump Addresses Realtors® at NAR's Annual Legislative Meetings
The President highlighted the value of Realtors® in the housing industry while addressing administration priorities and deregulation efforts that could potentially benefit the real estate market.
Simplifile Adds 38 Eastern U.S. Jurisdictions to E-recording Network
Simplifile, a leading provider of real estate document collaboration and recording technologies for lenders, settlement agents and counties, today announced that 38 additional recording jurisdictions located in 12 states throughout the Mid-Atlantic, Northeast and Southeast U.S. have joined Simplifile’s e-recording network.
Single-Family and Multifamily Starts Post Solid Gains in April
Total housing starts rose 5.7 percent in April to a seasonally adjusted annual rate of 1.24 million units from an upwardly revised reading in March, according to a report from the U.S. Housing and Urban Development and Commerce Department.
Realtors® Applaud House of Representatives Passage of Equality Act
NAR President John Smaby issued the following statement after the House passed H.R. 5, the Equality Act, on Friday afternoon.
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 0.6 percent from one week earlier, according to data from the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending May 10, 2019.
Mortgage Delinquencies Rise in the First Quarter of 2019
The delinquency rate for mortgage loans on one-to-four-unit residential properties rose to a seasonally adjusted rate of 4.42 percent of all loans outstanding at the end of the first quarter, according to the Mortgage Bankers Association's National Delinquency Survey.
Former Governors Examine Local Legislators' Impact on Real Estate Industry
Former Governors Terry McAuliffe and Haley Barbour examined how policies implemented by state and local governments can impact regional real estate markets.
Housing Affordability Holds Steady on a Year-Over-Year Basis
Lower home prices, declining mortgage rates and solid income gains contributed to a rise in housing affordability in the first quarter of 2019, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index released today.
On the Blogs

Real Estate and Email Fraud: How it Affects You
Christopher Hoffer's Blog
2019/05/13
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Lawsuit Alleges Collusion, Inflated Commissions Among Realtors
A recently filed class-action antitrust suit against the National Association of Realtors, among other major real estate players, could spell a serious shakeup for the industry.

Mortgage Originations Drop To 5-Year Low
Despite interest rates sinking to 14-month lows earlier this year, overall mortgage originations dipped over the first quarter of the year-and pretty significantly.

Home sales are held up; Baltimore ransomware attack cripples systems vital to real estate deals
The ransomware attack on Baltimore city's government computers has shut down systems essential for completing home sales, putting a halt to property deals during one of the real estate industry's busiest times of year.

City unveils ransomware workaround for real estate transactions; recovery for other services may take 'months'
Baltimore's municipal computer networks remain under siege from last week's ransomware attack, but Mayor Bernard C. "Jack" Young today announced a "workaround" for real estate agents and home buyers to complete real estate deals that have stalled for over a week.

Most of America's Rural Areas Are Doomed to Decline
Since the Great Recession, most of the nation's rural counties have struggled to recover lost jobs and retain their people.

NAR Midyear Highlights: President Trump to Address REALTORS® on Housing Industry
This Friday, President Donald J. Trump will address the National Association of REALTORS® (NAR) during the REALTORS® Legislative Meetings & Trade Expo in Washington, D.C., to discuss the housing industry.

Welp: Mortgage originations fall to four-year low in first quarter
Mortgage interest rates fell throughout the first quarter, eventually experiencing the largest single-week decline in 10 years. That decline led some to suggest that a boom in refinances could be on the horizon.

Lawsuits over who should pay buyer's agent could upend housing market
The long knives are out again for one of American real estate's oldest and most controversial traditions: requiring home sellers to pay the agents who represent the buyers of their properties.

Orange County (CA) Realtor Accused of Scamming $1 Million From Homebuyers
An Orange County realtor is accused of scamming homebuyers and stealing more than $1 million in deposits for properties which California real estate officials say she had no right to sell.


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