National Association of Realtors - Articles

Home Prices Rise in February Despite Weaker Sales

Tony Dejak/AP By CHRISTOPHER S. RUGABER WASHINGTON -- U.S. home prices rose in February from a year earlier at a solid pace, suggesting that a tight supply of available homes is boosting prices despite slowing sales. Real estate data provider CoreLogic (CLGX) said Tuesday that prices for existing homes rose 12.2... Continue Reading »

Pending Home Sales Slip as Weather, Higher Rates Stall Demand

LM Otero/AP By JOSH BOAK WASHINGTON -- The number of Americans who signed contracts to buy homes fell for the eighth straight month in February, a sign that real estate sales will likely slow over the next few months. The National Association of Realtors said Thursday that its seasonally adjusted pending home sales... Continue Reading »

Existing Home Sales Slip in February

Gene J. Puskar/AP By Margaret Chadbourn WASHINGTON -- U.S. home resales dropped slightly in February to a 19 month-low as cold weather and a shortage of homes for sale continued to sideline potential buyers. The National Association of Realtors said Thursday home sales dropped 0.4 percent to an annual rate of 4.60... Continue Reading »

Contracts to Buy Homes Barely Budge in January

Gregory Bull/AP By JOSH BOAK The number of Americans who signed contracts to buy homes was essentially flat in January, a possible sign of a softening real estate market. The National Association of Realtors said Friday that its seasonally adjusted pending home sales index inched up 0.1 last month to 95. The index has... Continue Reading »

Existing Home Sales Slump on Weather, Supply Woes

Gene J. Puskar/AP WASHINGTON -- U.S. home resales fell more than expected in January and hit an 18 month-low as the combination of cold weather and a lack of housing stock sidelined potential buyers. The National Association of Realtors said Friday home sales dropped 5.1 percent to an annual rate of 4.62 million units,... Continue Reading »

Wintry Blast Crimps December Pending Homes Sales

Daniel Acker/Bloomberg via Getty Images By Margaret Chadbourn Contracts to buy previously owned U.S. homes fell sharply in December to a more than two-year low due in part to unusually cold weather across the country, pointing to signs of a slowdown in the housing market. The National Association of Realtors said... Continue Reading »

Existing Home Sales Jump a Bit in December

Gene J. Puskar/AP WASHINGTON -- U.S. home resales rose slightly in December after three monthly falls in a row, as record low mortgage interest rates and pent-up demand continue to sustain a recovery in the market. The National Association of Realtors said Thursday that sales of previously owned homes rose 1.0 last month,... Continue Reading »

U.S. Home Prices Rise Just 0.2% in October

Chuck Burton/AP By CHRISTOPHER S. RUGABER WASHINGTON -- A measure of U.S. home prices rose only modestly in October, adding to signs that prices have stabilized after big gains earlier this year. Real estate data provider CoreLogic said Tuesday that prices increased 0.2 percent in October from September. That's up from a... Continue Reading »

Pending Home Sales Hit 10-month Low in October

Gregory Bull/AP By Lucia Mutikani WASHINGTON -- Contracts to buy previously owned U.S. homes fell for a fifth straight month in October, hitting a 10-month low and adding to signs of cooling in the housing market. The National Association of Realtors said Monday its pending home sales index, based on contracts signed... Continue Reading »

Sales of Existing Homes Slip 3.2% in October

Scott Olson/Getty Images WASHINGTON -- U.S. home resales fell in October to their lowest since June due to an inventory shortage and high property prices that have dampened buying power. The National Association of Realtors said Wednesday that sales of previously owned homes fell 3.2 percent last month to an annual rate... Continue Reading »

Homebuyer Contracts Plunge as Interest Rates and House Prices Rise

AFP, Getty Images By CHRISTOPHER S. RUGABER WASHINGTON -- The number of Americans who signed contracts to buy existing homes fell in September to the lowest level in nine months. The decline reflects higher mortgage rates and home prices that have made purchases more costly. The National Association of Realtors said... Continue Reading »

Pending Home Sales Fall for Third Straight Month

By CHRISTOPHER S. RUGABER WASHINGTON -- Fewer Americans signed contracts to buy U.S. homes in August, the third straight decline. The drop could mean that higher mortgage rates are starting to deter buyers. The National Association of Realtors says its seasonally adjusted index for pending home sales declined 1.6... Continue Reading »

Existing Home Sales Rise to 6½ Year High

Al Behrman/AP WASHINGTON -- U.S. home resales hit a 6½ year high in August, signaling continued strength in the housing market recovery, which has helped shore up the economy by bolstering household finances and supporting consumer spending. The National Association of Realtors said Thursday existing home sales... Continue Reading »

How to Save $20,000 for a Down Payment in Just 2 Years

Getty Images, Tetra images Making the move from renter to homeowner is challenging for nearly everyone, and the highest hurdle for most first-time buyers is saving enough money for a down payment. If your No. 1 priority in the next few years is to become a homeowner, financial experts say you'll likely need to make some... Continue Reading »

Home Sales in July Rise to Levels Last Seen in 2009

Daniel Acker/Bloomberg via Getty Images By CHRISTOPHER S. RUGABER WASHINGTON -- Sales of previously occupied homes surged in July to a seasonally adjusted annual rate of 5.39 million, approaching a healthy level for the first time since November 2009. The spike in home sales shows housing continues to drive the U.S.... Continue Reading »

Home Sales Surge in May as Buyers Lock in Low Rates

By Paige Gance WASHINGTON -- Contracts to purchase previously owned homes in the U.S. rose in May to the highest level in more than six years as buyers rushed to the market to lock in deals before interest rates climb higher. The National Association of Realtors said Thursday that its Pending Home Sales Index, based on... Continue Reading »

Home Price Rise 'Unsustainable,' Realtors Report Says

By Diana Olick For six straight months, home prices have been leaping in double digits from a year ago. In May, the median existing home sale price was 15.4 percent higher nationally than May of 2012, according to a new report from the National Association of Realtors. The Realtors themselves say that kind of jump is... Continue Reading »

Home Re-Sales Pass 5 Million Mark for 1st Time Since 2009

By Martin Crutsinger WASHINGTON -- U.S. sales of previously occupied homes surpassed the 5 million mark in May, the first time that's happened in 3½ years. The gain shows the housing recovery is strengthening. The National Association of Realtors said Thursday that home re-sales rose 4.2 percent in May to a... Continue Reading »

Pending Home Sales Reach Highest Level in 3 Years

By Christopher S. Rugaber The number of Americans who signed contracts to buy homes ticked up in April to the highest level in three years. The increase points to growth in home sales in the coming months. The National Association of Realtors said Thursday that its seasonally adjusted index for pending home sales rose 0.3... Continue Reading »

U.S. Pending Home Sales Rise In March, NAR Says

WASHINGTON -- Contracts to purchase previously owned U.S. homes rose in March, as the housing market continues to accelerate this year. The National Association of Realtors said Monday that its Pending Sales Index, based on contracts signed last month, rose 1.5 percent to 105.7. Activity in recent months has shown modest... Continue Reading »

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 while,... Continue Reading »

2012 Home Sales: Best in 5 Years

By Les Christie Steady December home sales capped the best year for the U.S. real estate market in five years, according to an industry trade group report Tuesday. The National Association of Realtors said that December sales of previously-owned homes came in just slightly below November's sales pace, but up 12.8% from... Continue Reading »

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 Housing... Continue Reading »

'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 to a surge... Continue Reading »

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 14.5 percent... Continue Reading »

Home Prices Rise 6.3% in October, Most in 6 Years

By Christopher S. Rugaber WASHINGTON -- A measure of U.S. home prices rose 6.3 percent in October compared with a year ago, the largest yearly gain since July 2006. The jump adds to signs of a comeback in the once-battered housing market. Core Logic also said Tuesday that prices declined 0.2 percent in October from... Continue Reading »

Pending Home Sales Near 6-Year High

By Christopher S. Rugaber WASHINGTON -- An index measuring the number of Americans who signed contracts to buy homes in October jumped to nearly its highest level in almost six years. Steady job gains and record-low mortgage rates have made homebuying more attractive. The National Association of Realtors said Thursday... Continue Reading »

Homes for Sale at the National Median Home Price

The national median home price among all housing types was $183,900 in September, the latest data available from the National Association of Realtors. What can you get for that price? We scoured our listings database for a sampling of homes on the market with asking prices close to the national median sales price... Continue Reading »

U.S. Home Sales Dip 1.7% on Tight Inventory

WASHINGTON -- U.S. sales of previously occupied homes fell in September after hitting a two-year high in August, in part because there were fewer homes available for sale. The National Association of Realtors said Friday that sales of existing homes in the U.S. dipped 1.7 percent to a seasonally adjusted annual rate of... Continue Reading »

U.S. Home Sales Jump to Highest Since May 2010

By Christopher S. Rugaber WASHINGTON -- A jump in sales of previously occupied homes and further gains in home construction suggest that the U.S. housing recovery is gaining momentum. Sales of previously occupied homes rose 7.8 percent in August from July to a seasonally adjusted annual rate of 4.82 million, the National... Continue Reading »

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