Items Tagged with 'NAR'

ARTICLES

  • NAR: Monthly existing home sales reach four-year high

    Each region but Northeast experiences an increase in sales activity
    In February, existing home sales experienced their largest monthly gain since December 2015, according to the latest report from the National Association of Realtors. NAR Chief Economist Lawrence Yun said a powerful combination of lower mortgage rates, more inventory, rising income and higher consumer confidence is driving the sales rebound.
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  • Is now a good time to purchase a home?

    Expert says declining mortgage rates are heating up the market
    It’s almost spring homebuying season, and new data from the National Association of Realtors indicates Americans are ready to purchase homes. According to the group's Q1 HOME survey, 37% of Americans strongly believe now is a good time to buy a home.
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  • Class-action lawsuit takes aim at buyer broker compensation rules

    Home seller claims NAR, MLS providers have conspired in violation of anti-trust laws
    A class-action lawsuit filed last week by a Minnesota home seller is taking aim at the big four multiple listing services that have transformed the real estate business. The suit alleges that the National Association of Realtors has driven up costs to sellers and has stifled competition by requiring brokers to offer buyer broker compensation when listing a property on an MLS site, and it names NAR, Realogy, HomeServices of America, RE/MAX and Keller Williams as the culprits.
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  • NAR: Existing home sales see first increase in 6 months

    Existing home sales break streak of declines
    After declining for six consecutive months, existing home sales increased in October, rising in three of four major U.S. regions. NAR Chief Economist Lawrence Yun said the increase in housing inventory has brought more buyers to the market.
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  • 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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