Items Tagged with 'NAR'

ARTICLES

These 10 markets desperately need more housing inventory

NAR: 80% of metros lack in single-family home construction
News of a housing inventory shortage continues to proliferate as the market works in overdrive to try and construct enough houses to meet the high demand. The dearth of houses available is holding back buyers in many of the largest cities in the country, particularly in these 10, which have the biggest hurdles to overcome.
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NAR: Renters still not ready to buy a home

Consumers expect home prices to rise
With home prices rising, many homeowners and renters alike are less likely to say now is a good time to buy a home compared to last quarter. Actually, more are saying that now is a good time to sell a home, and that home prices will continue to rise. NAR’s chief economist explains why first-time homebuyers are hesitant to enter the market.
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Realtors: Here's how to pass the new FAA drone test

Next-level real estate sales
Good news: At the end of June, the Federal Aviation Administration finalized the rules on drone usage for real estate agents. Bad news: Now you have to take a test. But, you don't have to go into the 60-question multiple-choice test completely blind, there are tips and tricks to ace it.
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Pending home sales hit second highest point in decade

West led the nation in July
Pending home sales increased in July led by high gains in the West, which hit its highest month in more than three years. There is, however, still room for more growth. There’s little doubt there’d be more sales activity right now if there were more affordable listings on the market.
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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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