More Homes Come With ‘Pet Suites’

More spaces are being carved out for pets today, and the trend is even inspiring new home designs. More than half of U.S. households now own a pet, according to a survey of more than 20,000 home shoppers by John Burns Real Estate Consulting. Forty-five percent of those surveyed say they treat their pets like […]

TRID: Adding Time and Costs

The first effects of the new Know Before You Owe or TILA RESPA Integrated Documentation (TRID) rules are now measurable. The changes created some confusion among lenders and closing agents and the average time-to-close has risen as a result. The industry is at the short end of the learning curve, so this impact will likely […]

Existing-Home Sales Soften Further in August

WASHINGTON (September 22, 2016) — Existing-home sales eased up in August for the second consecutive month despite mortgage rates near record lows as higher home prices and not enough inventory for sale kept some would-be buyers at bay, according to the National Association of Realtors®. Only the Northeast region saw a monthly increase in closings in August, where inventory is currently more adequate.

Total existing-home sales1, which are completed transactions that include single-family homes, townhomes, condominiums… Read More

Pending Home Sales Retreat in August

WASHINGTON (September 29, 2016) — After bouncing back in July, pending home sales cooled in August for the third time in four months and to their lowest level since January, according to the National Association of Realtors®.

The Pending Home Sales Index,* a forward-looking indicator based on contract signings, declined 2.4 percent to 108.5 in August from a downwardly revised 111.2 in July and is now slightly lower (0.2 percent) than August 2015 (108.7). With last month’s decline, the index is now at its second lowest reading… Read More