Items Tagged with 'National Association of Realtors'


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.
Read More

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.
Read More

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.
Read More

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.
Read More

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.
Read More

Housing industry's biggest trade groups push FHA to reconsider PACE rules

Concerned about energy improvement loans being given super priority status
Last month, the Department of Housing and Urban Development and the Federal Housing Administration announced that the FHA will soon begin insuring mortgages that also carry liens created by energy retrofit programs, as long as the energy lien remains subordinate to the mortgage. But the fine print of the new rules has the housing industry's largest trade groups concerned.
Read More

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!
Read More

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.
Read More

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.
Read More