Items Tagged with 'National Association of Realtors'

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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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Strong FHA annual report stirs up calls for mortgage insurance premium cut

Mutual Mortgage Insurance Fund grows for 4th straight year
Ed Golding, the Department of Housing and Urban Development’s principal deputy assistant secretary for housing, said Tuesday that the Federal Housing Administration is not considering cutting its mortgage insurance premiums, despite the FHA’s flagship fund showing growth for the fourth year in a row. But is the FHA’s current plan misguided? Several organizations think so.
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Realtor.com's traffic is growing but still dwarfed by Zillow

Zillow Group websites triple traffic of News Corp property
When News Corp acquired Move Inc., which operates Realtor.com for the National Association of Realtors, in November 2014, the worldwide conglomerate pledged to “turbocharge” Realtor.com. The impact of the News Corp acquisition is still being felt by Realtor.com, which continues to see growth in its web traffic, but the company still has a long way to go to catch the websites of the Zillow Group.
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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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Look out housing, Millennials are about to take over

It’s just a matter of time, according to new First American data
Millennials are the largest living population on this planet, and they may be better positioned than any other generation for homeownership. Why? Actually, it could be the very thing holding them back right now that drives them forward later.
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