NAR Settlement FAQs

Settlement Overview and Key Terms 1. Why did NAR enter into this settlement? Since the litigation began, we have worked consistently to reach a resolution with the plaintiffs. We have always wanted to reduce the significant strain on our members and provide a path forward for the industry From the beginning of this litigation, we…

With the gig economy on the rise, there has been an increase in self-employed individuals across the country. While this segment of the population is experiencing a boom in business, they’re still facing major hurdles when it comes to financing properties thanks to the stringent requirements traditional lenders require during the transaction process. Fortunately, there are alternative…

The financial market is constantly changing, and finding the right loan solution for your clients can be tough. Knowing the different loan types to offer can give you an edge. If you’re a Qualified Mortgage (QM) broker considering adding Non-Qualified Mortgages (Non-QM) to your product offering toolkit, we’ve put together a simple overview of QM…

The USDA (United States Department of Agriculture) mortgage program offers loans to help low to moderate-income individuals or families in rural areas buy, repair, or renovate homes. These loans are often referred to as USDA Rural Development loans. They typically have low interest rates and don’t require a down payment, making them an attractive option…

Paying mortgage with credit card: Understand lenders' limitations, third-party services, and potential benefits.Benefits include earning rewards, meeting spending thresholds for bonuses, and financial flexibility.

Positive outlook for Florida's housing market in 2024, driven by stabilizing mortgage rates and job growthRising median prices for single-family homes and condos indicate a resilient and competitive market.

Passage of a vacation rental reform bill in Florida sparks uncertainty over its fate.Bill grants state more control over vacation rentals, aiming to curb disruptive party houses.

Prospective homebuyers can expect 30-year fixed mortgage rates above 7%, but experts predict a slow decline to around 6.40% by the end of the year. Factors like inflation and Federal Reserve policies influence rates. To secure a competitive rate, compare lenders, understand mortgage options, and improve your financial profile. Refinancing can be beneficial, but consider…

CSU predicts 23 named storms for 2024, triggering concerns about increased insurance risk.Insurance companies may raise premiums to cover potential losses, reflecting the global reinsurance market's reassessment.

Florida's 2024 housing market: – ↑ Median prices – ↑ Listings – ↑ Inventory Florida Early-Q1 saw: – Closed sales: ↑ 0.6% yearly – Prices: ↑ 3.8% yearly