WASHINGTON (April 28, 2016) — Property owners who opt to purchase flood insurance in the private market rather than through the National Flood Insurance Program may do so under current rules, but they risk paying higher rates if they return to the NFIP. H.R. 2901, the "Flood Insurance Market Parity and Modernization Act," passed the U.S. House of Representatives today by a vote of 419-0 and seeks to alleviate that concern.
The National Association of Realtors® stands firmly behind the effort.
"Realtors® know that a robust National Flood Insurance... Read More
WASHINGTON (April 27, 2016) — Pending home sales increased slightly in March for the second consecutive month and reached their highest level in almost a year, according to the National Association of Realtors®. Only the West region saw a decline in contract activity last month.
The Pending Home Sales Index,* a forward-looking indicator based on contract signings, climbed 1.4 percent to 110.5 in March from an downwardly revised 109.0 in February and is now 1.4 percent above March 2015 (109.0). After last month’s slight... Read More
WASHINGTON (April 20, 2016) — Bolstered by big gains in the Northeast and Midwest, existing-home sales bounced back in March and remained slightly up from a year ago, according to the National Association of Realtors®.
Total existing-homesales1, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, jumped 5.1 percent to a seasonally adjusted annual rate of 5.33 million in March from a downwardly revised 5.07 million in February.... Read More
CHICAGO (April 19, 2016) – The National Association of Realtors®’ strategic investment fund, Second Century Ventures, today announced the seven companies chosen to be part of the fourth class of NAR REach®, a vertical tech accelerator helping launch companies into the real estate, financial services, banking, home services and insurance industries. The program is focused on providing these early- to mid-stage companies access to the expertise, influence and key relationships NAR provides, as they are launched into the trillion dollar real estate space.
WASHINGTON (April 13, 2016) – With demand exceeding supply in markets across the U.S., homebuyers may be facing an uphill battle to find the perfect home this spring. Total housing inventory at the end of February was 1.88 million existing homes available for sale, 1.1 percent lower than last year and at a 4.4 month supply at the current sales pace, which is below the roughly six month supply level needed for a balanced market between buyers and sellers.
In competitive markets like this, it is important that homebuyers work with a Realtor®. Realtors® who... Read More
WASHINGTON (April 6, 2016) — Vacation home sales cooled off in 2015 but remained at the second highest amount in nearly a decade, while investment purchases increased for the first time in five years, according to an annual survey of residential homebuyers released today by the National Association of Realtors®. Mirroring the strong price growth seen throughout the U.S., the median sales price of both vacation and investment homes surged in 2015.
NAR's 2016 Investment and Vacation Home BuyersSurvey1, covering existing- and new-... Read More
WASHINGTON (March 28, 2016) — Pending home sales rose solidly in February to their highest level in seven months and remain higher than a year ago, according to the National Association of Realtors®. Led by a sizeable increase in the Midwest, all major regions except for the Northeast saw an increase in contract activity in February.
The Pending Home Sales Index,* a forward-looking indicator based on contract signings, rose 3.5 percent to 109.1 in February from a downwardly revised 105.4 in January and is now 0.7 percent above... Read More
Chicago, IL, March 22, 2016 - Rapattoni Corporation and Realtors Property Resource® (RPR®) have jointly announced that Rapattoni customers may be among the first real estate professionals with instant access to live listing data and other MLS resources through RPR's Advanced Multi-List Platform™ (AMP™).
"We're looking to the future of the MLS business, anticipating the needs of our customers as well as the industry at large," said Brian Tepfer, Chief Technology Officer at Rapattoni. "Our MLS is architected to facilitate integration with a... Read More
WASHINGTON (March 21, 2016) — After increasing to the highest annual rate in six months, existing-home sales tumbled in February amidst unshakably low supply levels and steadfast price growth in several sections of the country, according to the National Association of Realtors®. Led by the Northeast and Midwest, all four major regions experienced sales declines in February.
WASHINGTON (March 10, 2016) — From industry panel sessions and keynotes to a comprehensive economic and market update, attendees at this year's 2016 Realtor® Broker Summit will be treated to even more perspectives and insights about critical business strategies and tools for successfully running their brokerages.
All-around Olympic gold medalist Mary Lou Retton will also speak to attending real estate brokers from across the country as the event's motivational speaker. Retton catapulted to... Read More