"30 Under 30" Realtors® Grounded in Present, Look to the Future
WASHINGTON (May 23, 2011) – REALTOR® Magazine’s 2011 “30 Under 30” honorees exemplify the personal drive many Realtors® have to be the best and provide a high level of service to their clients, despite tough market conditions and a constantly evolving industry. “I am amazed at the outstanding qualities and work ethic this year’s ‘30 Under 30’ honorees possess,” […]
Realtors® Advocate Higher Loan Limits and Low Down Payment for FHA
WASHINGTON (May 25, 2011) – The Federal Housing Administration plays a critical role in the nation’s housing financing system, providing safe, affordable mortgage financing to consumers in all markets during all economic conditions, the National Association of Realtors® said in testimony today. NAR President Ron Phipps spoke before the House Financial Services Subcommittee on Insurance, […]
Realtors® Continue to Push Congress for Comprehensive GSE Strategy
WASHINGTON (May 25, 2011) – The National Association of Realtors® supports a secondary mortgage market model with some level of government participation that would protect taxpayers and ensure that creditworthy consumers have access to affordable mortgage capital in all markets at all times. That is the message delivered today by NAR President Ron Phipps, broker-president of […]
NAR Grants Help Make Home Ownership an Affordable Opportunity
WASHINGTON (May 31, 2011) – Seventeen local and state Realtor® associations have been awarded over $60,000 through the Housing Opportunity Program Grants, a National Association of Realtors® grant program. The funds will be used by the associations to promote and expand affordable housing opportunities in their communities. “Realtors® strive to preserve and expand housing opportunities […]
April Pending Home Sales Drop After Two Monthly Gains
WASHINGTON (May 27, 2011) – Pending home sales fell in April with regional variations following increases in February and March, with unusual weather and economic softness adding to ongoing problems that are hobbling a recovery, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, dropped […]
Realtor® Volunteering Works Program Announces 2011 Winners
CHICAGO (June 1, 2011) – REALTOR® Magazine’s Good Neighbor Society has announced the recipients of the third annual Volunteering Works program, which matches Realtors® who work on small-scale charitable efforts with mentors and awards them grant money. The five Realtors® recognized will receive a $1,000 grant and a year of one-on-one mentoring from a member […]
Realtors® Urge Regulators to Reconsider Narrow QRM Definition
WASHINGTON (June 22, 2011) – The National Association of Realtors® is urging regulators to go back to the drawing board on the proposed Qualified Residential Mortgage rule. At a news conference on Capitol Hill today, the original sponsors of the QRM provision in the Dodd-Frank Act – Sens. Johnny Isakson (R-Ga.) and Kay Hagan (D-N.C.) […]
Existing-Home Sales Decline in May with Market Constraints, Temporary Conditions
WASHINGTON (June 21, 2011) – Existing-home sales were down in May as temporary factors and financing problems weighed on the market, according to the National Association of Realtors®. Existing-home sales1, which are completed transactions that include single-family, townhomes, condominiums and co-ops, fell 3.8 percent to a seasonally adjusted annual rate of 4.81 million in May […]
Realtors® Support Legislation for Comprehensive GSE Reform
WASHINGTON (June 8, 2011) – The National Association of Realtors® supports comprehensive reform of America’s housing finance market that protects taxpayers and ensures the availability of affordable mortgage credit today and into the future. “As the leading advocate for home ownership and housing issues, NAR believes that a methodical, measured and comprehensive approach for reforming […]
Pending Home Sales Turn Around in May
WASHINGTON (June 29, 2011) – Pending home sales rose strongly in May with all regions experiencing gains from a year ago, pointing to higher housing activity in the second half of the year, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, rose 8.2 percent to […]
