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According to a recent survey by the National Association of Realtors® (NAR), the typical U.S. homebuyer spent less and borrowed less in 2011. These and other metrics of home buying were gathered in the NAR's annual Profile of Home Buyers and Sellers released Friday at the Realtors' 2011 Conference and Expo in Anaheim, California. The survey behind the Profile has been conducted for many years by way of a survey instrument mailed to recent home buyers. Because the purchased properties are not...

After posting two strong consecutive months, pending home sales fell in July according to information released Monday by the National Association of Realtors® (NAR). The Pending Home Sales Index (PHDI), a forward-looking indicator of housing market health, registered 89.7 in July, down 1.3 percent from the 90.9 reported in June. The July decline was small but disappointing as it follows a 2.4 percent increase in June and an 8.2 percent jump in May. Despite the weak July results the Index remains...

There's some positive news on the future of home sales. The Pending Home Sales Index rose sharply in May, indicating an upbeat outlook for the second half of the year, according to the National Association of Realtors®. The Index, released on Wednesday, showed pending sales up nationally with every region recording increases on both a month-over-month and one year comparison. A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale is typically...

The National Association of Realtors® (NAR) released its April Pending Home Sales Index (PHSI ) today. The index is said to be a leading indicator for the housing sector; it measures sales activity based on sales of single-family homes, coops and condos. The data reflects contracts but not closings, which normally occur with a lag time of one or two months. Pending home sales fell in April with regional variations following increases in February and March, with unusual weather and economic softness...

Realtors® attending the National Association of Realtors (NAR) mid-year legislative meetings and trade expo in Washington heard a panel of housing experts lay out the several solutions for housing finance reform. The six panelists discussing Fannie Mae & Freddie Mac: Obama Options and Beyond were Steve Brown, 2011 NAR first vice-president nominee; James Parrot, senior advisor for housing at the National Economic Council; Susan Wachter, a professor at The Wharton School, University of Pennsylvania;...

The National Association of Realtors today released the Pending Home Sales Index for January. The Pending Home Sales index measures housing contract activity. It is based on signed real estate contracts for existing single-family homes, condos and co-ops. A signed contract is not counted as a sale until the transaction closes. Instead, when a seller accepts a sales contract on a property, it is recorded into a Multiple Listing Service (MLS) as a “pending home sale.” Once that transaction...

The Department of Housing and Urban Development and the National Association of Realtors have jointly produced three videos to assist potential home buyers with the process of shopping for a home, a mortgage, and closing the deal....

While sales were down from the tax-credit fueled pace of Q4, the National Association of Realtors' latest sales survey shows an increase of median home prices in 91 of 152 MSAs surveyed....