Items Tagged with 'National Association of Realtors'

ARTICLES

Existing home sales come down off 10-year high

January still shows annual increase
Existing home sales slipped down off last month’s decade-high, but remained above last year’s levels. But considering January’s drop in pending home sales to the lowest level in a year, this decrease comes as no surprise.
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[Charts] NAR survey breaks down problems plaguing appraisal industry

Including what’s happening with appraisal trainees
Not only does the appraisal industry have problems, but there is also a lot of disagreement around what exactly those problems are. This new survey of appraisers from the National Association of Realtors should help give more insight on what’s going on. What will it take for the appraisal industry to start training future appraisers?
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Gen Xers suddenly start buying homes in droves

Millennials aren’t alone in struggle with student debt
Millennials receive much of the focus from the housing market as they are the next generation expected to enter the market, however the much-needed starter homes are currently owned by another generation – Gen X. And for the first time in several years, Gen Xers are beginning to buy their next home, showing the most home buying activity since 2014.
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Investor to NAR: We aren’t competing with first-time homebuyers

OwnAmerica CEO says the needs of renters are important, too
The National Association of Realtors spoke out several times in the past few weeks against investors, saying they are creating more unwanted competition for first-time homebuyers. But one investor finally had enough, saying that in fact, the entire industry benefits from housing investment.
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Realtors: Majority of metros hit peak levels in 2016

Housing supply hit record lows
In 2016, the housing market saw existing home prices hit new highs in many markets, and housing inventory hit new lows. While this sounds great for sellers, homebuyers struggle to find an affordable home. NAR explains when homebuyers should start searching for a home to avoid competition and get the best price.
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Realtors ask Trump to reinstate FHA mortgage insurance premium cut

Estimates reduced MI premiums could bring in 40,000 new homebuyers
The National Association of Realtors believes that the Trump administration’s recent decision to suspend a reduction in the Federal Housing Administration’s annual mortgage premiums will keep as many as 40,000 potential homebuyers from becoming actual homebuyers in 2017, and wants the premium cut reinstated “as soon as possible.”
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