Instant Reaction: Jobs, May 3, 2024 News of some cooling in the labor market could mean the topping-out of mortgage rates this week before more sustained declines through 2024. By:  Lawrence Yun

Instant Reaction: Mortgage Rates, May 2, 2024 At 7.22%, the 30-year mortgage interest rate has hit its highest point since November 2023; rates are unlikely to move down soon. By:  Jessica Lautz Mortgages & Home Financing

REALTORS® Continue Giving Back Despite Market Headwinds Despite market challenges like low inventory, higher mortgage rates, and low annual sales, REALTORS® remain committed to helping their communities. By:  Matt Christopherson Outreach

Learn about the new Fair Housing Action Plan, NAR's latest effort to protect housing rights in America. Take a look back at 2019's achievements, plus Volunteer Works, a new, year-long mentorship program for REALTORS® who are expanding their community service programs.

REALTORS® told Capitol Hill lawmakers about the key issues that impact our industry and our hometowns. Also: RPAC celebrates its 50th anniversary, the Board of Directors elects NAR’s 2020 Leadership, That’s Who We R investment is renewed, and President Trump addresses REALTORS® in Washington. This week’s video is sponsored by the REALTOR® Benefits Program.

NAR leaders met with the FBI on wire fraud in home sale transactions. REALTORS® won on two federal issues: a revamped Waters of the U.S. rule, and a provision in a new farm law. A new report shows REALTORS® are involved in their community, and NAR provides 2019's economic outlook.

Foot traffic has a strong correlation with future contracts and home sales, so it gives a peek ahead at sales trends two to three months into the future. 

The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, prices and market conditions. Research Economist Gay Cororaton about the Index and what it means for members.

In recent years, NAR has heard concerns regarding a perceived shortage in appraisers, long turnaround times for appraisals, higher and/or rush fees in certain areas, and difficulty in bringing new appraisers into the profession. Earlier this year, NAR released the Appraiser Trends Study. Ken Fears talks with us about the survey's findings in this episode.