Articles Tagged with ''NAR''

Nearly two-thirds of U.S. housing markets see home prices hit all-time high

Housing inventory hits all-time low
The National Association of Realtors reported as housing inventory sank to its all-time low during the fourth quarter, home prices increased, creating all-new highs in many U.S. markets. A majority of the country saw an upswing in buyer interest at the end of last year, which ultimately put even more strain on inventory levels and prices.
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NAR: Renters say they want to own a home

But not for the reasons you might think
About 75% of current non-homeowners say they would like to own a home one day, and consider it as part of the American Dream. However, the reasons why they want to buy a home, or more specifically, one major reason that isn’t a factor in their decision, might come as a surprise.
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Realtors urge Congress to support Mortgage Choice Act

Would reduce regulatory burden for lenders affiliated with brokerages
In a letter sent to Congress on Monday, the National Association of Realtors urged representatives to support the Mortgage Choice Act. The bill would adjust the Truth in Lending Act's definitions of points and fees under the Ability to Repay/Qualified Mortgage rule.
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NAR: Pending home sales rise for 3rd straight month, but there’s trouble on the horizon

Realtors wary of tax reform impact on home sales
Pending home sales rose in December for the third straight month, providing further evidence that 2017 was a positive year for housing, but the National Association of Realtors doesn’t expect the good times to keep rolling. But combine continually low housing inventory and the Republican tax plan and you have a recipe for a slowdown, according to NAR Chief Economist Lawrence Yun.
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2017 was the best year for existing home sales since 2006

But weak December dents progress
Despite a weak December ending a trend of two straight months of increases, there were still more existing homes sold last year than in any year since 2006. Last year's total of 5.51 million homes sold bests 2016’s total of 5.45 million and becomes the highest that figure has been since 2006, when there were 6.48 million existing homes sold.
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Existing home sales set to end the year at highest point since 2006

Home prices to slow in 2018
Pending home sales inched up slightly in November, indicating home sales may rise to their highest point since 2006. But even as home sales increase at the end of this year, headed into 2018, NAR forecasts existing home sales and home price growth will slow primarily due to the altered tax benefits of homeownership in some high cost areas.
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Existing home sales surge past decade high

All major regions see hike in sales activity
Existing home sales increased for the third straight month to their highest point in more than a decade. But as homes fly off the market, the housing market is unable to keep up with the growing demand, driving up home prices and causing dwindling inventory.
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Realtors slam FCC decision to repeal net neutrality

Say rollback could hurt consumers, small businesses
The Federal Communications Commission passed its repeal of net neutrality regulations, which prevents internet service companies to charge users more to see certain content. But now, Realtors and others in the housing industry are standing up against the decision.
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Pending home sales suddenly rebound in October

Remain below last year’s levels
Pending home sales rebounded in October, reaching its highest point since June after three months of declines. The increase was driven by a sudden jump in the South, which is recovering from recent hurricane activity. However, as experts expected, pending home sales remain below last year’s levels.
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