Items Tagged with 'NAR'

ARTICLES

The long journey ahead for tax reform and what it means for housing

Finally, some details on the proposed plan
Treasury Secretary Steven Mnuchin and White House Chief Economic Advisor Gary Cohn revealed the Trump administration’s tax plan on Wednesday. So what exactly does the industry know so far? Well, for starters, tax reform, including housing-related tax reform, still has a long road ahead. Even with scarce details, housing associations gave their initial assessments of how the tax reform changes would impact the housing market and homebuyers.
Read More

Lack of housing supply slows pending home sales in March

Numbers still indicate strong home-buying season
Pending home sales dipped slightly in March as low levels of housing inventory created a strain on the market. Low inventory levels are not only holding back home prices, but also creating more competition and increasing home prices. The National Association of Realtors forecasts the rate of home sales for 2017.
Read More

Existing home sales soar to highest pace in more than a decade

Homes flying off the market
Existing home sales increased in March to the highest pace in more than a decade and home were sold significantly faster than last month and last year. However, one factor continues to put pressure on home buyers and hold back home sales: inventory. NAR’s chief economist explains that unless the market sees new inventory soon, home price increases will continue to outpace incomes.
Read More

Vacation home sales plummet in 2016

But investment sales are on the rise
Home sales increased in 2016, however the share of vacation rentals plummeted to levels not seen in several years. But even as vacation-home purchases dropped, investment properties increased year-over-year.
Read More

Here’s why appraisers are reluctant to work with the VA

Regulatory burdens getting in the way
Appraisal shortages already plague the market and slow down the closing process, a problem which grows only more complicated when it comes to VA mortgages. One expert explained that while good appraisals are key to maintaining a strong VA Home Loan Guarantee Program, regulatory burdens are getting in the way.
Read More

NAR celebrates #OpeningDay with nine facts about real estate

Here’s a short stop for your major-league market data
The first unofficial day of spring is here as Major League Baseball players step onto the diamond for opening day. To celebrate the day, the National Association of Realtors created an infographic of nine facts about today’s real estate market — one for each position.
Read More

Realtors name February’s fastest housing markets

Top 5 metro areas
As the market gears up for what many economists are predicting will be one of the strongest spring home-buying seasons in recent memory, the National Association of Realtors created an infographic that shows the top five fastest markets in February. Spoiler alert: the fastest market saw homes sold in an average of just 23 days.
Read More

Pending home sales rebound to highest level in a year

Hit second highest level this decade
Pending home sales rebounded from January’s decrease, hitting the highest level in almost a year and the second-highest level in a decade. NAR’s chief economist commented that buyers came back in force last month as a modest, seasonal uptick in listings was enough to fuel an increase in contract signings throughout the country.
Read More