The number of homes for sale nationwide climbed during the spring homebuying season, but supplies still remain tight and asking prices are on the rise, realtor.com® reports.
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In the luxury home market, wealthy buyers are focusing on residential real estate “as a pretty desirable asset — for them, a second or third home turned out to be a portfolio play,” says the founder of a luxury real estate group.
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Loan demand for purchase and refinancing applications dropped last week, as credit remains tight.
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A journalist and author warns that changes to the tax code could put the popular mortgage interest deduction at risk.
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Opening events at the 2013 Midyear Legislative Meetings & Expo set an enthusiastic tone for the year both inside NAR and across the industry.
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Industry observers suggest Congress may slow the reform of the country’s residential secondary mortgage market system.
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