Renters Thinking More about Owning a Home, Say Homeownership is a Top Priority
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 […]
Home Prices Pick Up Steam in Most Metro Areas during Second Quarter
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 […]
Statement From NAR President Gary Thomas on President Obama's Housing Finance Reform Speech
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 […]
REALTOR® University's Center for Real Estate Research Signs Agreement with Asian Real Estate Association of America
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 […]
Commercial Real Estate Markets Show Steady, Moderate Growth
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 […]
Existing-Home Sales Spike in July
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 […]
July Pending Home Sales Slip
WASHINGTON (August 28, 2013) – Pending home sales were down in July, with higher mortgage interest rates slowing the market, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, declined 1.3 percent to 109.5 in July from 110.9 in June, but is 6.7 percent above […]
Realtor® Award Finalists Selected for Commitment to Improving Communities
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 […]
Study of Real Estate Firms Shows both Optimism and Challenges
WASHINGTON (September 10, 2013) – Most real estate firms are small, independent businesses that specialize in residential brokerage, with 69 percent of all firms expecting profitability to increase over the next year, according to the 2013 National Association of Realtors® Profile of Real Estate Firms. Paul Bishop, NAR vice president of Research, said the industry […]
Statement From NAR President Gary Thomas on Qualified Residential Mortgage Rule
WASHINGTON (August 28, 2013) — The following is a statement by National Association of Realtors® President Gary Thomas: “The re-proposed Qualified Residential Mortgage rule announced this morning is a victory for homebuyers and the future of homeownership in this country. This version of the QRM rule will give creditworthy buyers access to safe and affordable loan […]
