Items Tagged with 'NAR'

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Home sales decrease for first time in months

Two main factors holding back sales
Home sales are down for the first time since November while home prices continue to rise, albeit at a slower pace. The National Association of Realtors explains two major factors contributing to the sudden drop in home sales, and what it means for the remainder of 2016.
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Realtor wins bronze for #TeamUSA

Alex Naddour wins medal for pommel horse
When Alex Naddour won the bronze medal for pommel horse in the 2016 Olympics this past Sunday, he shattered a 32-year pommel horse drought for Team USA. He also brought a bit of fame to the Realtor community and his home state of Arizona. As if he wasn’t already doing enough, Naddour is an official member of NAR. From everyone here at HousingWire, congratulations!
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NAR: Home affordability remains as depressed as the average American paycheck

Low mortgage rates make poor incentive to borrow
Home prices increased yet again in the second quarter, outpacing wage growth, according to the latest quarterly report by the National Association of Realtors. This is causing affordability to decline despite historically low mortgage interest rates, according to the trade group's head economist. Low rates are normally an incentive to get a mortgage, but not in this, current housing market.
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Monday Morning Cup of Coffee: NAR pushes to turn MLS green

Affordable housing disagreement leads Houston chair to resign
The National Association of Realtors released a guide on how to add solar power details to MLS in order to more accurately determine the value of green homes. Also, the Houston Housing chairman resigns after a disagreement with the mayor over affordable housing issues.
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Top 10 markets where renters can afford to buy

South, Midwest emerge as most affordable areas
Renters who are looking to buy their first home in today’s competitive market shouldn’t get discouraged. According to the National Association of Realtors, more renters in these markets can afford to buy a home than the national average.
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NAR: Proposed TRID changes a "significant victory"

Answers to the Closing Disclosure form are here
The National Association of Realtors secured a victory in the changes announced Friday to the much-anticipated Consumer Financial Protection Bureau Know Before You Owe rule. The bureau gave much more concrete explanations for one of the biggest problem area — the closing disclosure.
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Affordability constraints hold back pending home sales

Investor activity at lowest point since 2009
Pending home sales barely moved in June as current market conditions such as low inventory and high home prices prevented more growth. Until inventory conditions markedly improve, prospective buyers are likely to run into situations of being priced out of the market or outbid on the very few properties for sale.
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Condo legislation passes in Senate, offers relief for homebuyers

Headed to president's desk
The Senate just unanimously passed a bill to help solve the affordability crisis. The condo bill passed the House back in February, and now just awaits President Obama's signature to become law. The National Association of Realtors lobbied heavily for the reform and says the new condo legislation will provide homebuyers with a more affordable option.
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