Newsroom
Welcome. The RCAR Newsroom is designed for members of the media seeking real estate market updates for the Cleveland area and 5 surrounding counties, including home sales statistics, as well as general news from RCAR and information about the area REALTORS®. Reporters, editors and other members of the media should direct all requests and inquiries to the RCAR CEO via phone at 423.476.5912 or by email at Lisa@RiverCounties.com.Regulations and Government Kill Affordable Housing
We’re betting you have no idea how much the average cost is, in regulation and fees, to build a new home nationally. It’s no wonder there is such a shortage of affordable housing. Why is this so easy for a couple of schmucks from Vacaville (literally translates to...
Eviction Ban is Unlawful
Court Strikes Down Eviction Ban U.S. District Court Judge Dabney L. Friedrich of the District of Columbia struck down a nationwide eviction moratorium Wednesday, calling it unlawful. Friedrich's ruling applies nationwide. The eviction ban was put in place last year by...
The future of U.S. real estate commissions
The 100-years-war over real estate commissions The battle raging now is rooted in the National Association of Realtors’ 108-year-old rule. Read Part 1 ➡️ Are U.S. real estate commissions illegal? The Justice Department and private lawyers are zeroing in on real...
Mix Mornings on Mix TV 04-28-21
It’s no longer “cash to close” that’s the worry, but rather “cash you clear.”
United Wholesale Mortgage (UWM) is facing a class action lawsuit over the ultimatum they gave their mortgage brokers regarding Rocket Pro TPO and Fairway Mortgage. We’ll see where that goes. And it looks like the $15k tax credit for FTHB’s is on it’s way to being a...
Today the CFPB officially delayed compliance with the QM rule until October 2022
Today the CFPB officially delayed compliance with the QM rule until October 2022. The bureau released its proposed rule-making on the matter on March 4, then offered a very short comment period. Despite some serious industry push-back during the comment period, the...
Urgent Action to Counter CFPB QM Rule
Who is googling “Housing Crash”?
https://thenationalrealestatepost.com/housing-crash-google-search-up-2450/
Newly Revised MLS Fine CHart – Better for Members
Dear Participants and Subscribers - We are pleased to announce that the MLS BOD has approved changes to the MLS Rules & Regulations Fine Chart that are more aligned with the issues, software and regulations that have been raised by members. While cleaning up our...
Paying to Bridge the Appraisal Gap
https://www.realtrends.com/buyers-are-paying-to-bridge-the-appraisal-gap/