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Latest Realty News from NAR

New Safety Survey, Products and Resources Roll Out For Realtor® Safety Month

WASHINGTON (September  19, 2016) – Since 2003, the National Association of Realtors® has dedicated September as Realtor® Safety Month; this year, as part of ongoing efforts to keep its members safe, NAR has an updated safety report available for members, firms and associations and a mobile app that has been expanded to include safety features.

“Like most jobs that require interacting with the public, selling real estate involves some level of risk,” said NAR President Tom Salomone, broker-owner of… Read More

Affordability Concerns, Uncertainty about Down Payment Requirements Ensnaring Renters, Latest HOME Survey Shows

WASHINGTON (September 14, 2016) – Lofty home-price growth and tight supply are leading to softening confidence among renters about whether it’s a good time to buy a home, according to the latest installment of the National Association of Realtors® Housing Opportunities and Market Experience (HOME) survey1. The survey also found that a misconception about how much of a down payment is needed to buy could be unnecessarily delaying some… Read More

Pending Home Sales Tick Up in July

WASHINGTON (August 31, 2016) — Pending home sales expanded in most of the country in July and reached their second highest reading in over a decade, according to the National Association of Realtors®. Only the Midwest saw a dip in contract activity last month.

The Pending Home Sales Index,* a forward-looking indicator based on contract signings, rose 1.3 percent to 111.3 in July from a downwardly revised 109.9 in June and is now 1.4 percent higher than July 2015 (109.8). The index is now at its second highest… Read More

NAR Good Neighbor Award Finalists Honored for Good Works in Their Communities

WASHINGTON (August 30, 2016) — The National Association of Realtors® has named 10 Realtors® as finalists for REALTOR® Magazine’s 2016 Good Neighbor Awards. This award honors Realtors® who have made an extraordinary impact on their communities through volunteer work.

This year marks the 17th year the Good Neighbor Awards program has recognized Realtor® volunteers. The Realtors® being honored have donated their time, money and passion to improve and enrich the lives of the people in their communities. Since 2000, the Good… Read More

Commercial Real Estate Expansion Foreseen

WASHINGTON (August 29, 2016) — Buoyed by a steadily improving labor market and strong demand for multifamily housing, commercial real estate activity should remain on an upward trajectory, with a growing share of it is expected to be in smaller markets, according to the National Association of Realtors® quarterly commercial real estate forecast.

National office vacancy rates are forecast by Realtors® to fall 1.5 percent to 10.4 percent over the coming year as employment gains boost demand for office space. The… Read More

Existing-Home Sales Lose Steam in July

WASHINGTON (August 24, 2016) — Slowed by frustratingly low inventory levels in many parts of the country, existing-home sales lost momentum in July and decreased year-over-year for the first time since November 2015, according to the National Association of Realtors®. Only the West region saw a monthly increase in closings in July.

Total existing-home sales 1, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, fell 3.2 percent to a seasonally adjusted… Read More