General

WASHINGTON (October 21, 2015) — At a hearing today before the U.S. House Financial Services Subcommittee on Housing and Insurance, National Association of Realtors® President Chris Polychron offered support for H.R. 3700, the “Housing Opportunity Through Modernization Act of 2015.”

The legislation includes provisions intended to help expand housing opportunities in the marketplace, including measures that would reform current Federal Housing Administration restrictions on condominium financing.

Polychron testified that the reforms are important to ensuring… Read More Continue Reading →

All releases at 10:00 a.m. Eastern Time. This schedule is also available in .pdf format.

Mark Birschbach Promoted to Vice President for Strategic Investments

CHICAGO (October 27, 2015) – Second Century Ventures, the National Association of Realtors®’ strategic investment arm, has hired top technologist Alex Lange, former Market Leader chief technology officer, as an operating partner. Adding to SCV’s future success is the promotion of Mark Birschbach to vice president.

Lange will help run the venture capital fund, which focuses on early-stage technology companies, and its technology accelerator program REach®. Lange has… Read More Continue Reading →

WASHINGTON (October 22, 2015) — Existing–home sales rebounded strongly in September following August’s decline and have now increased year–over–year for 12 consecutive months, according to the National Association of Realtors®. All four major regions experienced sales gains in September.

Total existing–home sales¹, which are completed transactions that include single–family homes, townhomes, condominiums and… Read More

WASHINGTON (November 5, 2015) — The share of first–time buyers declined for the third consecutive year and remained at its lowest point in nearly three decades as the overall strengthening pace of home sales over the past year was driven more by repeat buyers with dual incomes, according to an annual survey released today by the National Association of Realtors®. The survey additionally found that nearly 90 percent of all respondents worked with a real estate agent to buy ...

WASHINGTON (October 29, 2015) — Pending home sales cooled in September for the second straight month and to their second lowest index reading in 2015, according to the National Association of Realtors®. All four major regions experienced a pullback in activity in September.

The Pending Home Sales Index,* a forward–looking indicator based on contract signings, declined 2.3 percent to 106.8 in September from a slightly downwardly revised 109.3 in August but is still 3.0 percent above September 2014 (103.7). With ...

The vertical accelerator from NAR’s investment arm, Second Century Ventures, launches start-up organizations into the trillion dollar real estate industry; provides unprecedented access to highly sought-after influencers.

CHICAGO (November 10, 2015) — Second Century Ventures, the National Association of Realtors®’ strategic investment arm, announced today that it is accepting applications for its 2016 REach® accelerator class, now through January 31, 2016. The nine-month program provides a unique opportunity for technology companies… Read More Continue Reading →

WASHINGTON (November 5, 2015) — The National Association of Realtors® and its wholly owned subsidiary, Realtors Property Resource®, have signed a technology agreement with UPSTREAM™, a revolutionary industry-owned and controlled data management company, to develop UPSTREAM™’s cross-industry, state-of-the-art platform for real estate data entry, collection and distribution for real estate brokers.

UPSTREAM™ will create a single entry point for brokers of all sizes to manage property data—including its distribution to multiple listing… Read More Continue Reading →

SAN DIEGO (November 12, 2015) – As the country heads into an election year, Realtors® are gathering this week for the REALTORS® Conference & Expo, here through November 16, where their focus will be on shaping the industry’s future and solving the issues holding back a full restoration of real estate markets.

“Few issues are as important to the future of our country as the health of residential and commercial real estate markets since housing and real estate impacts… Continue Reading →

WASHINGTON (November 12, 2015) — The encouraging lift–off in existing–home sales amidst ongoing inventory shortages kept home prices rising in most of the country during the third quarter, but overall price appreciation slowed to a healthier pace, according to the latest quarterly report by the National Association of Realtors®.

The median existing single–family home price increased in 87 percent of measured markets, with 154 out of 178 metropolitan statistical areas¹ (MSAs… Read More Continue Reading →