RESPA Archive

Settlement Delays Edge Upward

Delays in the time-to-close, the time from when a listing goes under contract to settlement of the deal, rose for the second consecutive month. Delays are measured by comparing the time-to-close this year with the same time frame a...

Concern about Fast-Rising Prices, or Overworked Appraisers?

While the market seems to have made steady progress adjusting to the TILA/RESPA Integrated Disclosure (TRID) rules and TRID-induced delays,[1] a new contract-delaying culprit may be re-surfacing. In addition to flashing yellow lights on affordability as home prices continue...

Steady Progress on TRID

The average delay in time-to-close fell in April, marking the 4th consecutive month of improvement. On average, sales that closed in April took 3 days longer than the same time a year earlier. April’s reading is down from a...

Contracts Typically Settled in 41 Days in March 2016

Among contracts that closed in March 2016, the median number of days to close a contract was 39 days, slightly up from 36 days in July 2015 when NAR first started tracking this information in this survey, according to...

Highlights of March 2016 REALTORS® Confidence Index Survey

Market conditions vary across local markets, but the REALTORS® confidence and traffic indices indicate that overall market activity picked up slightly in March 2016 compared to one year ago and to the previous month, according to the March 2016...