2nd Quarter Metro Prices Mixed, State Sales Down

Washington, DC, August 10, 2011 Median existing-home prices declined modestly in the second quarter with 27 percent of metropolitan areas experiencing price gains from a year ago, while state home sales declined from the second quarter of 2010, according to the latest quarterly report by the National Association of Real [...]

Affordable Housing Opportunities Needed

Washington, DC, July 28, 2011 Public and private sector workers in the Northeast need more affordable housing opportunities. In response, the National Association of Realtors®, in partnership with the National Housing Conference, will host a regional forum today in Boston to help develop solutions to workforce housing i [...]

Home Ownership Tax Benefits Must Be Preserved

Washington, July 28, 2011 Any changes to the mortgage interest deduction now or in the future could threaten recent progress toward stabilizing the housing market, critically erode home prices and values, destroy middle-class wealth accumulation and hurt economic growth. That was the message delivered by National Assoc [...]

Pending Home Sales Rise in June

Washington, DC, July 28, 2011 Pending home sales increased in June following a wide swing down in April and then up in May, according to the National Association of Realtors®. Activity increased in the West and South but declined in the Midwest and Northeast; all regions show strong double-digit gains from a year ago. [...]

President's Podcast: Revving Up for Home Ownership

2011 NAR President Ron Phipps kicks off the second half of NAR's Home Ownership Matters bus tour at the first stop in Atlanta, Georgia. Over the next 4 months, 33 states and more than 12,000 miles NAR will be bringing the message that home ownership matters to communities both large and small. brightco [...]

Existing-Home Sales Slip, Prices Stabilize

Washington, DC, July 20, 2011 Existing-home sales eased in June as contract cancellations spiked unexpectedly, although prices were up slightly, according to the National Association of Realtors®. Sales gains in the Midwest and South were offset by declines in the Northeast and West. Single-family home sales were stabl [...]

Seven in 10 Say Owning a Home is a Top Priority

Survey Shows Opposition to Down Payment Requirements and Elimination of Mortgage Interest Deduction NAR’s ninth housing pulse survey reflects that, as the housing market continues to struggle, Americans worry that policy proposals coming out of Washington could drag the market down further or deter potential new homeo [...]

NAR is reaching out to 6 million consumers to fight the 20 percent down payment requirement.

Proposed QRM rules may lead to high down payment requirements. Learn more > Narrow QRM Definition Not Key to Safe Mortgage Lending In a comment letter submitted today, NAR expressed dissatisfaction over the unduly narrow definition of qualified residential mortgages (QRM) that would be exempt from risk retention requirements. Re [...]