Tag: NAR

  • Done Cheering for Home Sales? Here's What's Really Going On

    Done Cheering for Home Sales? Here's What's Really Going On

    Existing home sales are up: Rah! Rah! Rah! You're probably hearing the resounding cheers as the National Association of Realtors reported Thursday that sales of existing homes rose to a three-year high in February. Even more exciting is that real estate inventory, which has been frustratingly low for quite a... Continue Reading

  • Home Affordability Likely Hit Record High in 2012

    Home Affordability Likely Hit Record High in 2012

    2012 will probably go down as the most affordable year on record for homebuyers, according to the National Association of Realtors. A combination of depressed home prices and rock-bottom interest rates created perfect-storm home buying conditions that Americans may not see again for decades, experts say. NAR's... Continue Reading

  • 'FHA,' 'Home Loan' Lead Spike in Google Real Estate-Related Searches, NAR Study Shows

    'FHA,' 'Home Loan' Lead Spike in Google Real Estate-Related Searches, NAR Study Shows

    Think real estate is a boring topic? Not according to Google! (And us, obviously). According to a new study from the National Association of Realtors, real estate-related searches on Google have skyrocketed 253 percent over the past four years. Apparently, this hike in real estate interest can be attributed... Continue Reading

  • Housing Recovery: Halfway Back to Normal

    Housing Recovery: Halfway Back to Normal

    But does halfway back to normal mean the glass is half-full or half-empty? Continue Reading

  • Existing Home Sales Jump, Home Prices Rise More than Expected

    Existing Home Sales Jump, Home Prices Rise More than Expected

    By Paul Ausick We have two data points on the U.S. housing market this morning. The National Association of Realtors reports that the seasonally adjusted annual rate of existing home sales in November rose 5.9 percent to 5.04 million from a downwardly revised total of 4.76 million in October. Sales are up... Continue Reading

  • NAR Launches Email Campaign to Tout Value of Homeownership

    NAR Launches Email Campaign to Tout Homeownership

    The National Association of Realtors has launched an email campaign designed to educate roughly 82 million consumers about the value of homeownership and the government incentives in place that support it. Continue Reading

  • May Home Sales Slide 1.5 Percent

    May Home Sales Slide 1.5 Percent

    By Martin Crutsinger WASHINGTON -- Americans bought fewer homes in May than April, suggesting a sluggish job market could threaten a modest recovery in housing. The National Association of Realtors said Thursday that sales of previously occupied homes dropped 1.5 percent in May from the previous month to a... Continue Reading

  • Trifecta of Good News Boosts Real Estate Market

    Trifecta of Good News Boosts Real Estate Market

    In what may go down as a banner day for the housing market, three pieces of good news out today point to the possibility of a recovery on multiple fronts. Homebuilder confidence hit a five-year high, while housing affordability -- an index based on the relationship between median home prices, median family... Continue Reading

  • NAR: February's Pending Home Sales Up Sharply From 2011

    NAR: February's Pending Home Sales Up Sharply From 2011

    Contract signings for home sales dipped slightly in February from January, but were significantly higher than February of last year, continuing a recent statistical trend that suggests a real estate recovery may be underway. The National Association of Realtors pending home index fell 0.5 percent in February... Continue Reading

  • Pending Home Sales Rise to Year and a Half High

    Pending Home Sales Rise to Year and a Half High

    WASHINGTON - The number of Americans who signed contracts to buy homes in November rose to the highest level in a year and a half. The best reading on pending homes sales since a federal home-buying tax credit expired appeared to encourage traders on Wall Street. Still, the National Association of Realtors... Continue Reading

  • Home Sales Up, But Past Figures Grossly Overstated

    Home Sales Up, But Past Figures Grossly Overstated

    WASHINGTON -- The number of Americans who bought previously occupied homes rose last month. But the National Association of Realtors says it overstated about 3.5 million sales during and after the Great Recession, showing the housing market remains much weaker than previously thought. The private trade group... Continue Reading

  • Pending Home Sales Jump to Year High

    Pending Home Sales Jump to Year High

    WASHINGTON -- The number of Americans who signed contracts to buy homes jumped in October to the highest level in a year. But the gain follows three months of declines and isn't enough to signal a housing recovery. The National Association of Realtors said Wednesday that its index of sales agreements rose 10.4... Continue Reading

  • Home Sales Perk Up, But Outlook Still Bleak

    Home Sales Perk Up, But Outlook Still Bleak

    WASHINGTON -- The number of Americans who bought previously occupied homes rose slightly last month but remained at depressed levels. And more deals are being canceled at the last minute, a sign that even those who are looking to buy are worried about the housing market. Home sales rose 1.4 percent last month... Continue Reading

  • Pending House Sales Fall for 3rd Straight Month

    Pending House Sales Fall for 3rd Straight Month

    WASHINGTON -- The number of Americans who signed contracts to buy homes fell for the third straight month in September after the spring-and-summer peak buying season failed to entice new buyers. The National Association of Realtors says its index of sales agreements fell 4.6 percent last month to a reading of... Continue Reading

  • Pending Home Sales Drop as Buyer Obstacles Persist

    Pending Home Sales Drop as Buyer Obstacles Persist

    WASHINGTON -- The number of Americans who signed contracts to buy homes fell in August, after a weaker-than-expected peak buying season. The National Association of Realtors said Thursday that its index of sales agreements fell 1.2 percent last month to a reading of 88.6 A reading of 100 is considered healthy.... Continue Reading

  • New Home Sales Drop for Fourth Straight Month

    New Home Sales Drop for Fourth Straight Month

    WASHINGTON - The number of people who bought new homes fell for the fourth straight month in July, putting sales on track to finish this year as the worst on records dating back half a century. Sales of new homes fell nearly 1 percent in July to a seasonally adjusted annual rate of 298,000, the Commerce... Continue Reading

  • Home Sales On Pace for Worse Year Than 2010

    Home Sales On Pace for Worse Year Than 2010

    WASHINGTON - The number of people who bought previously occupied homes dropped in July. The third decline in four months suggests the depressed housing market won't help the U.S. economy recover this year. Home sales fell 3.5 percent last month to a seasonally adjusted annual rate of 4.67 million homes, the... Continue Reading

  • Top 10 Hidden Costs When You Can't Sell Your Home

    Top 10 Hidden Costs When You Can't Sell Your Home

    The U.S. housing recession is so deep that an average home takes nearly a year to sell. In the hardest hit areas, it can take several years. Just ask residents of Detroit, Nevada and parts of Florida, Arizona and southern California. As if that were not enough, there are hidden costs associated with an unsold... Continue Reading

  • Median Home Prices Dip in 3 Out of 4 Markets

    Median Home Prices Dip in 3 Out of 4 Markets

    Median home prices fell in nearly three out of four metro areas, according to a housing report released Wednesday. The National Association of Realtors found in a quarterly report that the median home price for existing, single-family homes fell in 109 out of 151 markets, compared to the same period last... Continue Reading

  • Why Are So Many Real Estate Deals Falling Apart?

    Why Are So Many Real Estate Deals Falling Apart?

    It's been hard enough just to find a buyer for your house. Now the challenge is to drag them across the finish line. Only two-thirds of opened escrows close on time and 16 percent of the deals fall apart without closing. Of agents polled in June by the National Association of Realtors, one in six reported... Continue Reading

  • Home Sales on Pace for Worst Year Since Housing Bust

    Home Sales on Pace for Worst Year Since Housing Bust

    WASHINGTON -- Fewer people bought previously occupied homes in June, putting this year on pace to be the worst for sales since the housing bust. Home sales fell 0.8 percent last month to a seasonally adjusted annual rate of 4.77 million homes, the National Association of Realtors said Wednesday. That's far... Continue Reading

  • Home Sales Slide to Six-Month Low in May

    Home Sales Slide to Six-Month Low in May

    The housing market continued to flounder in May, as existing home sales fell to a six-month low. Existing home sales dropped 3.8 percent to a rate of 4.81 million in May, down from 5.0 million in April, according to the National Association of Realtors. It marked the second straight month in which home sales... Continue Reading

  • Sales of Existing Homes Rise as Buyers Grab Foreclosures

    Sales of Existing Homes Rise as Buyers Grab Foreclosures

    Existing home sales continued on an upward though unsteady path in the first quarter of this year, thanks in large part to sales of foreclosures and other discount properties. Home sales rose in 49 states and Washington, D.C., according to a report released Tuesday by the National Association of Realtors. Total... Continue Reading

  • The 10 Fastest-Selling Housing Markets

    The 10 Fastest-Selling Housing Markets

    With the housing market still reeling, buyer confidence is not what it used to be. Houses idle on the market longer as buyers wait for some sign that we've hit bottom. As lenders tighten their credit guidelines, homebuyers are finding it harder to qualify for loans. But not every market suffers equally,... Continue Reading

  • Home Sales Climb in Rocky Recovery

    Home Sales Climb in Rocky Recovery

    The housing market continues its stutter-step road to recovery, as the spring buying season gains momentum. Despite uneven growth in the past nine months, some experts believe homes sales have finally turned a corner. Pending home sales rose 5.1 percent to 94.1 in March from a downwardly revised 89.5 in... Continue Reading

  • Home Buyers Spring Into Action, With Cash and Caution

    Home Buyers Spring Into Action, With Cash and Caution

    Spring home buying season has officially sprung, as buyers reenter the market after a long winter. In the absence of another homebuyer tax credit, however, sales are not as robust as they were a year ago. Existing home sales, which includes single-family houses, condos, townhouses and co-ops, rose to 5.10... Continue Reading

  • Why Home Buyers Can't Evaluate Real Estate Agents

    Why Home Buyers Can't Evaluate Real Estate Agents

    What do home buyers expect from a real estate agent? The answers might surprise you, and go a long way to explain the reasons why buyers are ultimately disappointed with the one they pick. An interesting result from the good people at the National Association of Realtors from their survey of home buyers on what... Continue Reading

  • Mortgage Deduction: The Lobbyists Strike Back

    Mortgage Deduction: The Lobbyists Strike Back

    In his mission to lower the deficit, President Obama has proposed snipping high-income earners' tax deduction for mortgage interest payments. And yet, here he is, two years into his presidency, a truly scary unemployment rate not budging, and he has yet to meet with representatives of the nation's major home... Continue Reading

  • Housing Market 2011 Forecast : The Economist

    Housing Market 2011 Forecast : The Economist

    What will the New Year hold for the U.S. housing market? It depends on who you ask. That's why AOL Real Estate has assembled an all-star panel of real estate mavens and moguls to discuss the questions that matter most to consumers. Should you buy, rent, sell or renovate in 2011? Will home values improve? And... Continue Reading

  • Homeowners Worth More Than Renters

    Homeowners Worth More Than Renters

    Homeowners may finally have something to smile about. A report by the National Association of Realtors reveals that homeowners' net worth is roughly 41 times that of the average renter. In dollars and cents, the group estimates that the average homeowner's net worth ranges from $150,000 to $200,000, thanks... Continue Reading