Articles Tagged with ''National Association of Realtors''

Commercial brokers made more money than ever last year

NAR says they’re making more but closing fewer deals
Agents, brokers and appraisers working in commercial real estate made more money last year than ever before, despite the fact that tight inventories have slowed transactions. According to a survey by the National Association of Realtors, professionals working in the commercial real estate market last year raked in an average of $150,700 – about $30,000 more than they made the year before.
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Monday Morning Cup of Coffee: Number of borrowers with refi incentive plummets

Are you prepared for midterm elections
Amid rising interest rates, the latest data from Black Knight shows more than half of homeowners who entered the year with an incentive to refinance their mortgage have since lost it. And do you know what your candidate’s views are on issues surrounding housing, finance and other areas that are important for you? Here’s how to find out.
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NAR: Rising home prices push prospective buyers out of market

Low inventory persists in suppressing housing market
Home prices increased in the third quarter due to the continued low levels of housing inventory, keeping many potential homebuyers out of the housing market. While national family median income increased to $76,608 in the third quarter, due to rising home prices and mortgage rates, affordability is down.
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NAR: Pending home sales increase in September, but decline annually

Pending home sales have fallen on an annual basis for nine consecutive months
Pending home sales increased 0.5% in September, but have still fallen on an annual basis for nine consecutive months in September, according to the latest report from the National Association of Realtors. NAR Chief Economist Lawrence Yun said that even though we are still seeing year-over-year declines, the latest monthly increase is a good, stabilizing trend.
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NAR: Existing home sales fall to 3-year low

Home prices experience the 79th consecutive month of year-over-year gains
After experiencing a flat August, existing home sales retreated in September, falling to the lowest level in nearly three years. NAR Chief Economist Lawrence Yun said that the decline in regional sales can be attributed to rising interest rates and the continuing climb of home prices.
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Mortgage debt or student loans, what's weighing you down?

Pittsburgh tops the list of cities where people owe more for their education than their homes
Mortgage debt is traditionally the largest debt Americans hold, but student loans are steadily climbing higher on the list. A recent study by LendingTree seeks to uncover how mortgage debt stacks up against student loan debt, listing the cities where homeowners say the money they owe for their education exceeds the balance on their mortgage.
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Redfin: Supply of for-sale homes surge in the West

San Jose experienced the largest year-over-year supply increase across U.S. metros
Redfin reports after more than six years of tight supply and surging home prices, the third quarter of 2018 has been a critical moment for the housing market in many West Coast metro areas. Notably, San Jose experienced the largest year-over-year supply increase across the country.
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NAR: Pending home sales fall for eighth consecutive month

Pending Home Sales Index falls 1.8% in August
Pending home sales have now fallen on an annual basis for eight consecutive months as of August, according to the latest report from the National Association of Realtors. NAR Chief Economist Lawrence Yun said that low inventory continues to contribute to the housing market slowdown.
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