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
WASHINGTON (December 28, 2016) — Pending home sales dipped in November to their lowest level in nearly a year as the brisk upswing in mortgage rates and not enough inventory dispirited some would-be buyers, according to the National Association of Realtors. Only the Northeast saw monthly and annual pending sales gains last month.
The Pending Home Sales Index,* a forward-looking indicator based on contract signings, declined 2.5 percent to 107.3 in November from 110.0 in October. After last month's decrease in activity,... Read More
WASHINGTON (December 28, 2016) – After 36 years of service, National Association of Realtors® CEO Dale Stinton will retire from the association in 2017. Chicago-based executive search firm Heidrick & Struggles has been retained to find Stinton’s replacement.
Stinton took over as CEO in November 2005. Previously, he served as chief financial officer and chief information officer since 1998 and was named acting CEO and executive vice president in 1996. Stinton demonstrated exceptional leadership and business savvy in bringing continued success to the... Read More
WASHINGTON (December 21, 2016) — A big surge in the Northeast and a smaller gain in the South pushed existing-home sales up in November for the third consecutive month, 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, rose 0.7 percent to a seasonally adjusted annual rate of 5.61 million in November from a downwardly revised 5.57 million in October. November's sales pace is now the... Read More
WASHINGTON (December 14, 2016) — Existing-home sales are forecast to muster only a small gain in 2017 because of increasing mortgage rates and shrinking consumer confidence that now is a good time to buy a home, according to new consumer survey findings and a 2017 housing forecast update from the National Association of Realtors®.
WASHINGTON (December 13, 2016) –Real estate brokers understand the importance of learning best practices regarding management and entrepreneurial skills and gaining valuable real estate insights that can make their brokerages more successful. For this reason, the National Association of Realtors®is inviting brokers from across the country to attend the 2017 Realtor® Broker Summit in San Diego at the exclusive Fairmont Grand Del Mar resort.
WASHINGTON (December 6, 2016) — The homeownership rate in America continues to hover around a 50-year low, but experts gathered for an event in the Washington, D.C. offices of the National Association of Realtors® said today that there are real-world opportunities to turn that trend around.
“It’s tough out there right now for buyers, especially in many of the red-hot markets around the country where competition is the fiercest,” said National Association of Realtors® President William E. Brown, a Realtor® from Alamo, California and founder of... Read More
WASHINGTON (December 5, 2016) – In response to the announcement of Dr. Ben Carson as President-Elect Donald J. Trump’s selection for Secretary of Housing and Urban Development, NAR President William E. Brown issued the following statement:
“Realtors® know that the incoming Secretary of Housing and Urban Development has a big job ahead. Potential homebuyers face a range of... Read More
CHICAGO (December 1, 2016) - Second Century Ventures, the National Association of Realtors®’ strategic investment arm, is accepting applications for its 2017 REach® accelerator class now through January 31, 2017 at www.narreach.com.
REach offers education, mentorship and exposure for technology companies to enter into the real estate market, advance their businesses and expand into adjacent markets such as insurance, mortgage and financial services. The program accepts organizations in later growth stages, not just early-stage... Read More
WASHINGTON (November 30, 2016) — As smart homes become more popular among consumers, buyers and sellers are showing greater interest in those homes and smart-home technologies and Realtors® in a certification to acknowledge their experience and expertise in those features.
This is according to the National Association of Realtors®' inaugural Smart Homes and Realtors® report, which found that Realtors® are becoming more interested in a smart home certification, despite the fact that only 15 percent of... Read More