Homeownership Tax Benefits Must Be Preserved, Say Realtors®

WASHINGTON (July 28, 2011) – Any changes to the mortgage interest deduction now or in the future could threaten recent progress toward stabilizing the housing market, critically erode home prices and values, destroy middle-class wealth accumulation and hurt economic growth. That was the message delivered by National Association of Realtors® NAR Chief Economist Lawrence Yun […]

Pending Home Sales Rise in June

WASHINGTON (July 28, 2011) – Pending home sales increased in June following a wide swing down in April and then up in May, according to the National Association of Realtors®. Activity increased in the West and South but declined in the Midwest and Northeast; all regions show strong double-digit gains from a year ago. The […]

Realtors Urge Action on Debt Ceiling

WASHINGTON (July 29, 2011) – The following is a statement by National Association of Realtors® President Ron Phipps. “The National Association of Realtors®, on behalf of its 1.1 million members, their clients and customers, and the nation’s 75 million homeowners, urges Congress to resolve the mounting debt ceiling crisis before the August 2 deadline. “Until a […]

NAR and NHC Bring Workers Home Through Workforce Housing Forum

WASHINGTON (July 28, 2011) – Public and private sector workers in the Northeast need more affordable housing opportunities. In response, the National Association of Realtors®, in partnership with the National Housing Conference, will host a regional forum today in Boston to help develop solutions to workforce housing issues. During the daylong Bring Workers Home forum, […]

Second Quarter Metro Area Prices Mixed with Little Change, State Sales Down

WASHINGTON (August 10, 2011) – Median existing-home prices declined modestly in the second quarter with 27 percent of metropolitan areas experiencing price gains from a year ago, while state home sales declined from the second quarter of 2010, according to the latest quarterly report by the National Association of Realtors®. The median existing single-family home price […]

REALTORS® Rally for Joplin Recovery

WASHINGTON (August 4, 2011) – As the National Association of Realtors® Home Ownership Matters bus crosses Missouri this week, a stop in Joplin, Mo., today will underscore Realtors®’ commitment to rebuilding the local community. “When we see the devastation of families losing their homes in natural disasters, we’re reminded of just how much home ownership […]

Hurricane Irene Underscores Importance of Reauthorizing National Flood Insurance Program

WASHINGTON (August 26, 2011) – As homeowners across the East Coast brace for Hurricane Irene and the heavy rains that are expected to fall over the next few days, the current threat underscores the importance of flood insurance, which is the only way for homeowners to financially protect their property or businesses from flood damages. […]

Bus Tour Brings Home Ownership Matters to Grand Rapids

WASHINGTON (August 23, 2011) – Changes to the mortgage interest deduction could dramatically impact home owners and aspiring home owners in Grand Rapids, Mich., and beyond. That’s just one of the many issues the National Association of Realtors® wants Michigan residents to know about as the Home Ownership Matters Bus Tour pulls into Grand Rapids this […]

Pending Home Sales Slip in July but Up Strongly From One Year Ago

WASHINGTON (August 29, 2011) – Pending home sales declined in July but remain well above year-ago levels, according to the National Association of Realtors®. All regions show monthly declines except for the West, which continues to show the highest level of sales contract activity. The Pending Home Sales Index,* a forward-looking indicator based on contract […]

REALTOR® Award Finalists Recognized for Volunteer Efforts

WASHINGTON (August 29, 2011) – Realtors® don’t only help people realize their dreams of home ownership; they also volunteer their time and skills to help improve the communities in which they live. Ten such Realtors® were recognized today by the National Association of Realtors® as finalists for REALTOR® Magazine’s 2011 Good Neighbor Awards. This year marks […]