Articles Tagged with ''NAR''

NAR: Home prices soar to all-time high

Affordability becoming a distant memory for today's homebuyers
According to research from National Association of Realtors, second quarter home prices soared to an all-time high. The national median existing single-family home price in Q2 was $269,000, up 5.3% year-over-year and surpassing last year’s Q2 as the new peak.
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Fannie Mae reports income of $4.5B in Q2

Will pay Treasury $4.5B in Q3
Fannie Mae reported Thursday it posted a comprehensive income of $4.5 billion in the second quarter of 2018, which was primarily driven by an increase in credit-related income due to the redesignation of loans from held-for-investment to held-for-sale. This income is up slightly from Q1's $3.9 billion, and up from Q2 of 2017, when it saw a comprehensive income of $3.1 billion.
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Senate passes flood insurance reform at 11th hour

Housing industry continues to push for long-term solution
Tuesday, the day the current National Flood Insurance Program was set to expire, the Senate passed yet another short-term extension of the program. But while the housing industry is pleased Congress did not let the current program expire, it also emphasized the need to create a long-term solution.
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NAR: Pending home sales climb in all four major regions

An uptick in existing inventory may be the reason
Pending home sales climbed in all four major regions in June, but still fell short of last year's gains, according to the latest report from the National Association of Realtors. NAR Chief Economist Lawrence Yun believes the worst of the supply crunch affecting most of the country has possibly passed.
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Here are 5 myths about Realtors, debunked

NAR survey gives snapshot of real estate industry
As in any industry, the real estate industry has its fair share of stereotypes and myths, but a new report from the National Association of Realtors just debunked some of those myths. Here are five myths commonly accepted about Realtors that are maybe not as true as they would first appear.
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Existing home sales decrease for third consecutive month

But median sales price reaches all-time high
Existing home sales decreased for the third consecutive month in June, but the ongoing supply and demand imbalance helped push the median sales price to an all-time high, according to NAR. But the association said it’s important to note that despite the modest year-over-year rise in inventory, the current level is far from what is needed to satisfy demand levels.
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NAR: Is inventory the biggest threat to Realtors?

Home price gains continuously outpace income growth
Pending home sales modestly decreased in May, marking the fifth consecutive month of annual declines, according to the latest report from the National Association of Realtors. NAR Chief Economist Lawrence Yun says although the lackluster spring is largely attributed to low supply, closing data suggests that home price gains continue to outpace income growth.
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174 Congress members pressure Carson to finalize FHA condo rules

54 Senators and 120 House members are pushing Carson to finalize H.R. 3700
Congress and industry players like NAR, teamed up to put pressure on Department of Housing and Urban Development Secretary Ben Carson to finalize the rules regarding condos and Federal Housing Administration loan approval. Fifty-four Senators and 120 house members sent a letter to HUD to hurry along the finalization of the rules in H.R. 3700.
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Trump makes health care more affordable for small businesses

Housing industry applauds new rule
Tuesday, the Department of Labor announced a new rule that experts in the housing industry say will make health care more affordable for small businesses. The department announced a new rule that will change the definition of employer to include working owners for Association Health Plans.
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