Items Tagged with 'National Association of Realtors'

ARTICLES

  • NAR: Monthly existing home sales fall 0.4% in April

    But inventory growth likely to spur sales
    In April, existing home sales fell slightly from the previous month, but growing inventory signaled improvement in the market, according to the latest report from the National Association of Realtors. NAR Chief Economist Lawrence Yun said he is not overly concerned about April's 0.4% dip in sales and expects moderate growth very soon.
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  • FHA's Montgomery says "more flexible" condo rules are coming

    Says agency is actively working to revise condo approval requirements
    FHA Commissioner Brian Montgomery said the agency is currently working to revise its condominium approval rules and that he expects a final rule to be announced soon. After a near three-year wait, Montgomery said the industry can expect a final ruling on the proposed revisions that will be "less prescriptive and more reflective of the current market."
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  • Trump: "Many geniuses" are working to end government control of Fannie and Freddie

    Tells NAR audience administration will work closely with Congress to pass critical reforms
    President Donald Trump spoke about Fannie Mae and Freddie Mac for two minutes near the end of a one-hour speech at the National Association of Realtors convention in Washington on Friday. In addition to HousingWire’s story on Trump’s speech, here are the president’s complete and unedited comments on housing-finance reform.
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  • NAR’s Yun forecast for 2019 housing sales: New homes will drive market gains

    New home sales should reach a 12-year high as builders scramble to meet demand
    New home sales probably will reach a 12-year high in 2019, according to Lawrence Yun, chief economist of the National Association of Realtors. Sales of existing homes probably will be flat, he said at NAR’s Legislative Meetings & Trade Expo in Washington D.C. on Thursday.
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  • NAR: Home prices are rising but at a much slower pace

    Home prices rise 3.9% in the first quarter of 2019
    The national median existing single-family home price increased 3.9% annually to $254,800 in the first quarter of 2019. Despite this increase, Q1’s total now sits just below the annual increase of 4% in the fourth quarter of 2018. NAR Chief Economist Lawrence Yun said in order to combat slower price gains, the construction industry needs to develop more affordable housing units.
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  • How much can home staging boost your sale price?

    One quarter of agents say it bumps price by 10%
    It makes sense that staging a listing to make a home more appealing might influence a buyer’s decision. But, that’s just a nebulous idea until you put a dollar value on it. So, here it is: 25% of agents representing buyers in a survey by the National Association of Realtors last month said staging increased offers by up to 5%. Using NAR’s March median price of $259,400, that’s $12,970. About 12% said it increased offers by up to 10%, or $25,940.
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  • Blue skies ahead, or is the housing market falling off a cliff?

    At the most critical time of year for home sales, data whiplash explained
    People who track the housing market got a dose of data whiplash this week. At 9 a.m. on Tuesday the S&P CoreLogic Case-Shiller index showed the housing market cooling for the 11th straight month. An hour later, NAR released its pending home sales report showing a spike in signed contracts. So, which is it? At the most critical time of year for the housing market – the onset of the spring buying season – is demand falling off a cliff or picking up speed?
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  • Pending home sales show signs of hope in March

    Contract signings rise 3.8% as mortgage rates fall
    Pending home sales advanced 3.8% in March as lower mortgage rates brought more buyers into the market, according to the latest report from the National Association of Realtors. NAR’s Chief Economist Lawrence Yun said although home sales data has been exceptionally volatile over the past several months, he predicts numbers will begin to climb more consistently.
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  • This is where Millennials want to live

    NAR analysis details factors are driving Millennial migration
    A recent report from the National Association of Realtors reveals that Millennial homeownership migration is primarily motivated by market affordability and strong job prospects. Find out which housing markets most appeal to Millennial homeowners here.
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