Items Tagged with 'NAR'

ARTICLES

  • 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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  • Existing home sales take a 2.5% tumble

    The affordability issue is kneecapping strong demand, experts predict continued stagnation
    The bulk of potential homebuyers cannot buy homes. That is the long and short of the issue. Existing home sales fell 2.5%, according to the National Association of Realtors' monthly report, and it doesn't look like things will change any time soon.
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  • Improving economy can’t push home sales higher

    Pending home sales see third consecutive annual decline
    Pending home sales decreased annually in March, and are showing no signs of improvement as housing inventory fails to keep up with homebuyer demand. NAR explained healthy economic conditions are creating considerable demand for purchasing a home, but not all buyers are able to sign contracts because of the lack of choices in inventory.
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  • Existing home sales increase for second consecutive month

    But continue to lag behind last year’s levels
    Existing home sales increased in March for the second consecutive month, however as inventory shortages persist, home sales continue to fall below last year’s levels. One expert explained it’s hard to sell homes in large numbers when there’s so few available to buy, and that raises the question of whether the market has reached or surpassed its peak sales volume given current conditions.
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  • First-time homebuyers struggle amid rising affordability challenges

    Can only afford 20% of housing stock in some markets
    A new study from NAR and realtor.com shows affordability continues to slip across the U.S., falling even further from last year as home prices continue to rise and mortgage rates increase. NAR explained that while wages are increasing, so are home prices. Here’s what can be done to combat the rising affordability issues.
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  • Realtors Property Resource founding CEO announces retirement

    Will step down May 1, 2018
    Realtors Property Resource, a wholly owned subsidiary of the National Association of Realtors, announced this week that its founding CEO Dale Ross will retire. Ross will step down as of May 1, 2018, and Jeff Young, who has been named chief operating officer and general manager will assume responsibility for all RPR activities.
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