Real Estate News 11/15/2024

Today’s News Synopsis:

More than one in five (22%) U.S. residents say they’re more likely to move now that the election is over. Of them, more than a third (36%) are considering moving to another country, and 26% are thinking of moving to a different state. This is according to a Redfin-commissioned survey conducted by Ipsos on November 7-8, 2024; the nationally representative survey was fielded to 1,005 U.S. adults.

In The News:

Redfin – “22% of U.S. Residents Are More Likely to Move Now That Election Is Over, With Many Considering a Different Country or State“ (11-13-2024)

“Nearly the same share, 21%, say they are less likely to consider moving now that the election is over, according to a recent Redfin-commissioned survey.”

NAHB– “How Zoning Regulations Affect Affordable Housing“ (11-11-24)

“As the country continues to grapple with housing affordability issues, zoning laws are under scrutiny as potential obstacles to building more accessible housing. Zoning and land use policies can either constrain or promote housing production, depending on how they are structured.”

MPA Mag –  “VA borrowers twice as likely to secure low down payments – report” (11-11-2024)

“Veterans Affairs (VA) loan borrowers are more likely to purchase homes with low or zero down payments than those using conventional loans, according to a new research from Realtor.com.”

Redfin –  “Home Tours, Mortgage Locks Are Bouncing Back Post-Election” (11-14-24)

“Redfin’s Homebuyer Demand Index is rising and mortgage-rate locks are jumping, with some buyers wading back into the market now that the election has passed and the Fed has cut interest rates for the second month in a row. ”

HousingWire –  “NAR faces another antitrust accusation over its three-way membership agreement” (11-13-24)

“The National Association of Realtors (NAR) is facing yet another lawsuit related to its three-way membership agreement, which requires Realtors to join their local, state and national associations.”