December Existing-Home Sales Jump
WASHINGTON (January 20, 2011) – Existing-home sales rose sharply in December, when sales increased for the fifth time in the past six months, according to the National Association of REALTORS®. Existing-home sales1, which are completed transactions that include single-family, townhomes, condominiums and co-ops, rose 12.3 percent to a seasonally adjusted annual rate of 5.28 million […]
Pending Home Sales Continue Uptrend
WASHINGTON (January 27, 2011) – Pending home sales improved further in December, marking the fifth gain in the past six months, according to the National Association of Realtors® The Pending Home Sales Index,* a forward-looking indicator, increased 2.0 percent to 93.7 based on contracts signed in December from a downwardly revised 91.9 in November. The […]
New ABR® App for iPhone Helps REALTORS® Connect with Buyers
CHICAGO (January 24, 2011) – Realtors® who work with buyers now have a new resource available through the ABR® App for the iPhone. Available now through the iTunes store, this new benefit will help Accredited Buyer’s Representative (ABR®) designees grow their business while also connecting with home buyers. The ABR® iPhone App is the latest resource […]
GSE Structures Must Protect Taxpayers and Ensure Mortgage Availability, Says NAR
WASHINGTON (February 9, 2011) – Continued government participation in the secondary mortgage market is essential to ensuring affordable and available home mortgages to qualified consumers when private lenders withdraw from the market, according to the National Association of Realtors®’ recommendations for restructuring the government-sponsored enterprises (GSEs). The House Financial Services Subcommittee will convene today for the […]
Realtors® Praise FHFA for Proposed Rule to Prohibit Private Transfer Fees
WASHINGTON (February 4, 2011) – The National Association of Realtors® applauds the Federal Housing Finance Agency for moving ahead with a proposed rule to restrict government-sponsored enterprises Fannie Mae and Freddie Mac and the 12 Federal Home Loan Banks from investing in mortgages encumbered by private transfer fee covenants. NAR has long been vocal in […]
Home Price Stabilization Seen in Most Metro Areas during Fourth Quarter, Sales Up
WASHINGTON (February 10, 2011) – Home sales rebounded in 49 states during the fourth quarter with 78 markets – just over half of the available metropolitan areas – experiencing price gains from a year ago, while most of the rest saw price weakness, according to the latest survey by the National Association of REALTORS®. Total state […]
Existing-Home Sales Rise Again in January
WASHINGTON (February 23, 2011) – The uptrend in existing-home sales continues, with January sales rising for the third consecutive month with a pace that is now above year-ago levels, according to the National Association of REALTORS®. Existing-home sales1, which are completed transactions that include single-family, townhomes, condominiums and co-ops, increased 2.7 percent to a seasonally […]
America Needs an Affordable and Adequately Regulated Secondary Market, Says NAR
WASHINGTON (February 11, 2011) – The National Association of REALTORS® welcomes the Obama Administration’s call for an orderly transition from the current form of the secondary mortgage market to a new structure that would enable Americans to achieve affordable, sustainable mortgages. “NAR believes that we cannot have a restoration of the former secondary mortgage market […]
REALTOR® Magazine's Good Neighbor Awards Now Accepting Nominations
Washington, DC, February 25, 2011 The National Association of Realtors® is currently accepting applications for the 12th annual REALTOR® Magazine Good Neighbor Awards. The awards recognize Realtors® for their dedication to volunteer service. Five winners will be announced in the November issue of REALTOR® Magazine. Each winner will be recognized at the 2011 REALTORS® Conference […]
Commercial Real Estate Vacancy Rates to Decline but Rent Recovery Delayed
WASHINGTON (February 25, 2011) – A stabilization trend is taking place in commercial real estate sectors, but in most markets rent will remain soft except for multifamily rentals, according to the National Association of Realtors®. Lawrence Yun, NAR chief economist, said a pullback in construction is helping stabilize the market. “Very limited construction of new […]
