On April 15, 2024, Fannie Mae and Freddie Mac issued notices stating that buyer agent commissions will not be included in the cap on interested party contributions (IPCs), per current policies.
After NAR and the MBA sent a letter requesting clarification on seller-paid agent commissions, the FHA addressed the question. The FHA states that, under existing policy, real estate agent commissions or fees are not considered an interested party contribution (IPC).
Current IPC limits affect home buyers’ ability to finance agent commissions into mortgage loans. Learn about advocacy efforts by the American Real Estate Association (AREA) to address this issue.
According to a new national survey of Veterans and active duty service members, only three in 10 know they can use their VA benefit to buy a home with zero down payment. Realtor.com, in cooperation with other organizations, aims to change that.
According to a new Redfin report, homebuyers in September paid all cash in just over one-third (34.1%) of U.S. home sale transitions—up from 29.5% one year ago and the highest share in almost a decade.
According to a new Redfin report, 31.4% (nearly a third) of all U.S. home sales in July 2022 were all-cash purchases, up from 27.5% a year ago. Here’s what you need to know.
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