Items Tagged with 'NAR'

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Pending home sales hit highest level since July

Existing home sales for 2016 expected to be at highest pace since 2006
Pending home sales increased slightly in October, by enough to hit the highest level since July. In fact, the National Association of Realtors' chief economist believes that, at this pace, this year could close out with the highest pace in existing home sales since 2006.
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Major trade groups urge Congress to renew two major homeowner tax provisions

Set to expire end of 2016
At the end of each year, Congress gets a massive pile of tax provisions that need to be renewed. This year two of the biggest tax provisions at the top of Congress’ pile impact housing and homeowners, especially first-time homebuyers. This year both provisions were projected to reduce federal revenue by $7.5 billion. Will next year be the same?
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What's in store for housing in 2017?

The National Association of Realtors answers, gives forecast for next year
Low housing inventory levels plagued the market last year, and it's still not over. So will next year bring better news or more houses on the market? The National Association of Realtors gave its forecast for next year at the 2016 Realtors Conference & Expo. The forecast, while not likely to solve all the shortage problems, is still positive.
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Home price increases speed up in third quarter, hit new peak

West still holds most expensive markets
Home prices continue their upward trend, but even sped up in the third quarter due to a lack of housing inventory available. One market hovered near its previous quarter’s median home price of $1 million. And yet, despite all this, economists still explain that the market is more affordable.
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NAR: More single women buying homes

First-time buyers increase after 3 years of declines
A new survey from the National Association of Realtors shows women increased their share in the housing market to the highest it’s been since 2011, which is now double that of single men. This is despite having annual incomes that are significantly less than men. But single women aren’t the only group buying more homes.
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Top industry voices submit final comments on looming TRID changes

Time to sit back and wait
The industry’s last chance to change the Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosures rule just closed. On Tuesday, the door shut on the ability for the industry to comment on the bureau’s proposed updated to the new rule. Now the industry can only sit back and wait.
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Here are the top 5 trends in real estate over the past 35 years

A look back at real estate from Realtors
Thirty-five years ago the housing market looked drastically different, with the word "internet" nowhere to be found and people laughing at the thought of getting less than a 4% mortgage rate. In anticipation of the National Association of Realtors' 2016 survey release on Oct. 31, NAR identified five noteworthy real estate trends since the survey’s inception.
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