Items Tagged with 'National Association of Realtors'

ARTICLES

  • Who uses a reverse mortgage to purchase a house?

    No one, really, even though it could be a retirement gamechanger
    A little-known reverse mortgage product lets older homebuyers use their equity to purchase a house. It could help older adults free up cash at a time in life when liquidity is especially important. Too bad no one's really heard of it.
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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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  • 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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  • Top housing trade groups urge Congress to extend National Flood Insurance Program

    NAR, NAHB, ABA, U.S. Chamber of Commerce, and others up in arms
    This week, more than 20 of the top housing trade groups urged Congress to extend the National Flood Insurance Program. In a letter sent to Congressional leadership on both sides of the aisle, the organizations warn Congress that failure to reauthorize the program by July 31 will jeopardize an estimated total of 40,000 American homes.
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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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  • Case-Shiller reaction: Will Americans be able to afford homes?

    NAR, Genworth, Realtor.com and Keller Willams weigh in
    After Tuesday's Case-Shiller report showed a 6.4% increase in home prices, experts in the housing market indicate wage disparities and lacking inventory as critical motivators. Keller Williams Chief Economist Ruben Gonzalez predicts that home prices will continue the upward trend, largely due to consumer demand.
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  • New home sales increase 6.7% in May

    This is 14.1% above last year's estimates
    New home sales significantly increased in May, revising last month's rate, according to the new report from the U.S. Census Bureau and the Department of Housing and Urban Development. One expert attributes the increase to a resilient housing market.
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