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Bipartisan praise for REALTOR® role in tax, other debates

Posted by   /  December 7, 2017  /  Real Estate  /  No Comments

National Association of Realtors

RealtorMag House Financial Services Committee Chairman Jeb Hensarling (R-Texas) and Senate Banking Committee member Heidi Heitkamp (D-N.D.) joined the National Association of REALTORS® at its Washington offices today to talk about tax reform, mortgage finance reform, and other issues. The two shared one important point of agreement: REALTORS® are playing a crucial role in the making […]

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Existing sales up 2.0% in October

Posted by   /  November 22, 2017  /  Real Estate  /  No Comments

By Stephen Melman | NAHB October existing sales increased 2.0%, and the first-time buyer share increased to 32% of sales. The National Association of Realtors projected that Texas and Florida sales are now expected to completely bounce back by the end of the year from declines due to Hurricanes Harvey and Irma. Some 47% of homes sold […]

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REALTORS® square up after House passes tax hill

Posted by   /  November 17, 2017  /  Real Estate  /  No Comments

RealtorMag The House on Thursday passed a tax reform package that the National Association of REALTORS® calls a tax hike on many middle-class homeowners and says would lower property values for all homeowners. “It’s disappointing to see this legislation move forward, but the real work to shape this debate is just getting started,” NAR President […]

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Realtors blast tax plan again, present ideas for increasing homeownership

Posted by   /  November 7, 2017  /  Real Estate  /  No Comments

Mortgage News Daily The last of a series of three working papers on the hurdles hampering homeownership was introduced on Friday in conjunction with the 2017 Realtors® Conference and Expo and the 2018 forecast for housing from Lawrence Yun, chief economist of the National Association of Realtors (NAR). Yun said that the many positives for housing that […]

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After 3 months of declines, U.S. home sales uptick in September

Posted by   /  October 24, 2017  /  Real Estate  /  No Comments

home

World Property Journal According to the National Association of Realtors, after three straight monthly declines, existing-home sales in the U.S. slightly reversed course in September 2017, but ongoing supply shortages and recent hurricanes muted overall activity and caused sales to fall back on an annual basis. Total existing-home sales, which are completed transactions that include […]

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Existing home sales eke out gain

Posted by   /  October 20, 2017  /  Real Estate  /  No Comments

September data show 0.7% gain, likely depressed by storms. Builder Sales of existing home rose 0.7% to a seasonally adjusted annual rate of 5.39 million in September from 5.35 million in August, the National Association of Realtors reported Friday. Still, last month’s sales pace was 1.5% below a year ago and the second slowest over […]

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Homebuilders opt to deliver luxury homes as building costs increase

Posted by   /  September 21, 2017  /  Real Estate  /  No Comments

By Lauren Marshall | AZBigMedia Arizona’s housing market is getting more competitive leaving those at the lower end of the market struggling to compete, and many developers opting to build luxury homes and projects instead. A new study from the National Association of Realtors shows that sales for cheap housing options are decreasing while luxury housing […]

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Student debt delaying millennial homeownership by 7 years

Posted by   /  September 19, 2017  /  Real Estate  /  No Comments

(Editor’s note: News releases are published unedited, unless they contain factual errors.) WASHINGTON (September 18, 2017) – Despite being in the prime years to buy their first home, an overwhelming majority of millennials with student debt currently do not own a home and believe this debt is to blame for what they typically expect to […]

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Buyers ‘fight over scraps’ in ever-pricier housing

Posted by   /  August 31, 2017  /  Real Estate  /  No Comments

Home prices rise in Glendale

The supply of homes for sale at the end of July was 9 percent lower compared with July of 2016, according to the National Association of Realtors. After flattening slightly in May, price increases jumped again in June, now up 5.8 percent nationally compared with a year ago, according to the latest release from S&P […]

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High demand continues upward pressure on home prices

Posted by   /  August 25, 2017  /  Real Estate  /  No Comments

Home prices

By Robert Roy Britt | North Phoenix News Home prices across the country continued a long upward trend, especially in the western states, as low inventories of existing homes led to quick sales in July. The number of existing homes sold in the West during July rose 5 percent compared to the previous month, and also 5 […]

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