General

WASHINGTON (July 22, 2013) – Existing-home sales declined in June but have stayed well above year-ago levels for the past two years, while the median price shows seven straight months of double-digit year-over-year increases, according to the National Association of Realtors^®.

Total existing-home sales¹, which are completed transactions that… Read More

WASHINGTON (July 25, 2013) – Americans overwhelmingly believe owning a home is a good financial decision and a majority of renters say homeownership is one of their highest priorities for the future, according to a survey by the National Association of Realtors^®. The 2013 National Housing Pulse Survey also found that renters are thinking more about purchasing a home now than in past years, while the number of people who say they prefer to rent has declined.

“Homeownership matters… Continue Reading →

CHICAGO (July 24, 2013) – The National Association of Realtors® Board of Directors today reaffirmed NAR’s commitment to making realtor.com® the first, best online destination for home buyers and sellers. The board voted in favor of recommendations to modify an existing operating agreement that will help the site compete more effectively in an evolving online marketplace. 

“Over the years, Realtors® have invested a lot of time and millions of dollars in building information technology to give consumers online… Continue Reading →

WASHINGTON (August 6, 2013) – The following is a statement by National Association of Realtors® President Gary Thomas:

“President Obama today outlined key principles of comprehensive housing finance reform during a speech in Phoenix. These principles closely mirror the outline presented by the National Association of Realtors® to the administration in early 2011. NAR believes these principles will contribute to the long-term… Read More

WASHINGTON (July 29, 2013) – After reaching the highest level in over six years, pending home sales declined in June, with rising mortgage interest rates beginning to impact the market, according to the National Association of Realtors^®.

The Pending Home Sales Index,^* a forward-looking indicator based on contract signings, edged down 0.4 percent to 110.9 in June from a downwardly revised 111.3 in May, but is 10.9 percent higher than June 2012 when it was 100.0; the data reflect… Continue Reading →

WASHINGTON (August 8, 2013) – Median home prices continued to rise in the majority of metropolitan areas in the second quarter, with the national year-over-year price showing the strongest gain in seven-and-a-half years, according to the latest quarterly report by the National Association of Realtors®.

Despite rising prices and higher mortgage interest rates, a companion breakout of income requirements to buy a median-priced home on a metro area basis shows most buyers remain well positioned to… Read More Continue Reading →

WASHINGTON (August 21, 2013) – Existing-home sales rose strongly in July, with the median price maintaining double-digit year-over-year increases, according to the National Association of Realtors®.

Total existing-home sales¹, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 6.5 percent to a seasonally adjusted annual rate of 5.39 million in July from a downwardly revised 5.06 million in June, and are 17.2… Read More

WASHINGTON (August 12, 2013) – REALTOR^® University’s Center for Real Estate Studies and the Asian Real Estate Association of America have formed a new research partnership aimed at examining how real estate  impacts Asian immigrant populations.

As part of the agreement with AREAA, a nonprofit trade organization representing real estate, mortgage and housing-related professionals serving the Asian American market, REALTOR^® University will conduct in-depth research exploring how Asian immigrants use their homes and businesses to leverage… Read More Continue Reading →

WASHINGTON (August 27, 2013) – Realtors® are integral to successful communities, supporting causes large and small and volunteering their time to help improve the lives of those who call those communities home. The National Association of Realtors® recognized 10 Realtors® today as finalists for REALTOR® Magazine’s 2013 Good Neighbor Awards.

This year marks the 14th year the Good Neighbor Awards program has recognized Realtors® who improve the quality of life in their communities through volunteer work. The Realtors® acknowledged by this… ...

WASHINGTON (August 26, 2013) – Vacancy rates generally are tightening in commercial real estate sectors with modest rent growth, according to the National Association of Realtors® quarterly commercial real estate forecast. 

Lawrence Yun, NAR chief economist, said commercial real estate is on a more moderate growth path.  “Office vacancies haven’t declined much because total jobs today are still below that of the pre-recession level in 2007, but… Read More