WASHINGTON (February 16, 2017) — Existing-home sales are forecast to expand 1.7 percent in 2017, but a new housing affordability model created jointly by the National Association of Realtors® and realtor.com®, a leading online real estate destination, operated by operated by News Corp [NASDAQ: NWS, NWSA]; [ASX: NWS, NWSLV] subsidiary Move, Inc., suggests homebuyers at many income levels could see an inadequate amount of listings on the market within their price range in coming months.
Using data on mortgages 1, state-level income 2 and... Read More
WASHINGTON (February 14, 2017) — Technology is transforming how Realtors® conduct business and communicate with clients. Now more than ever, Realtors® know the importance of staying up-to-date with the new and emerging technologies that are essential to the real estate business. To help Realtors® stay well informed of the latest business technology skills and trends changing the real estate industry, the National Association of Realtors® is continuing its one-day technology conference series, NAR Tech Edge.
NAR Tech Edge events will take place in cities across... Read More
WASHINGTON (February 13, 2017) — When making decisions about buying, selling or renovating their homes, Americans, by and large, take their pets' needs into account, according to a new report from the National Association of Realtors®. The 2017 Animal House: Remodeling Impact report found that 81 percent of respondents said that animal-related considerations play a role when deciding on their next living situation.
"In 2016, 61 percent of U.S. households either have a pet or plan to get one in the... Read More
WASHINGTON (February 9, 2017) — The best quarterly sales pace of the year pushed available housing supply to record lows and caused price appreciation to slightly speed up in the final three months of 2016, according to the latest quarterly report by the National Association of Realtors®. The report also revealed that sales prices in over half of measured markets since 2005 are now at or above their previous peak level.
The median existing single-family home price increased in 89 percent of measured... Read More
WASHINGTON (February 1, 2017) — Existing-home sales increased 3.8 percent to a 10-year high in 20161, but affordability pressures, student debt and possible confusion about down payment requirements prevented many aspiring homeowners from reaching the market, according to recent consumer insight from the National Association of Realtors®.
WASHINGTON (January 30, 2017) — Pending home sales picked up in December as solid increases in the South and West offset weakening activity in the Northeast and Midwest, according to the National Association of Realtors®.
The Pending Home Sales Index,* a forward-looking indicator based on contract signings, increased 1.6 percent to 109.0 in December from 107.3 in November. With last month's uptick in activity, the index is now 0.3 percent above last December (108.7).
WASHINGTON (January 26, 2017) — Do you know a Realtor® who not only helps people buy and sell houses but also serves the community through volunteer work? The National Association of Realtors® is currently accepting applications for REALTOR® Magazine's Good Neighbor Awards from Realtors® who have made an impact on the world through community service.
Five winners will be announced in the November/December issue of REALTOR® Magazine and will receive a $10,000 grant for their nonprofit organizations. The winners will be recognized at the... Read More
WASHINGTON (January 26, 2017) – Realtors® not only help people buy and sell homes, they are also deeply invested in making a difference in their communities. For eight years, REALTOR® Magazine has given Realtors® who help others through volunteer work an opportunity to enhance their charitable work through the Volunteering Works Grant and Mentoring Program. The program, which pairs mentors with Realtors® who want to expand their community service outreach, is now seeking entries.
“More than almost any other profession, Realtors... Read More
WASHINGTON (January 24, 2017) — Existing-home sales closed out 2016 as the best year in a decade, even as sales declined in December as the result of ongoing affordability tensions and historically low supply levels, according to the National Association of Realtors®.
Total existing-home sales 1, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, finished 2016 at 5.45 million sales and surpassed 2015 (5.25 million) as the highest since 2006 (6.48 million).
WASHINGTON (January 9, 2017) – Lower costs are coming for homebuyers seeking a Federal Housing Administration -insured mortgage.
FHA announced today that they are cutting annual premiums for mortgage insurance from 0.85 percent to 0.60 percent, a move the National Association of Realtors® said breathes new life into the program.
“FHA mortgage products exist to serve an important mission: providing homeownership opportunities to creditworthy borrowers who are overlooked by conventional lenders,” said NAR President William E. Brown, a Realtor® from... Read More