Browse by Tags

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...

A leading indicator for the U.S. commercial real estate market continued decelerating for the fifth consecutive quarter on Thursday, with all components of the index lower in the third quarter, according to the National Association of Realtors (NAR)....

The National Association of Realtors® ( NAR ) recently called on the Department of Housing and Urban Development ( HUD ) and the Federal Housing Finance Administration ( FHFA ) to reduce the owner-occupied ratio requirement for condominium complexes . In letters to HUD Secretary Steven C. Preston and James B. Lockhart, III, Director of FHFA, NAR President Gaylord asked that the two agencies reduce the current requirement that 51 percent of individual units within a condo development be owner...

The National Association of Realtors® (NAR) stayed right on message as it proposed a four-point plan for Congress to enact to resuscitate the housing market and including yet another plea to keep banks out of the real estate business. The plan, revealed in a statement made late last week and in the NAR President's Podcast released on October 21, calls for a special "lame-duck" session of Congress and asks that it consider the following, what it calls "consumer-driven"...

Existing home sales fell slightly more than expected to an annualized pace of 4.91 million units in August, a 2.2% decrease in the month, following July's upwardly revised sales figure of 5.02 million. Even with a bigger loss than expected, the range...

U.S. existing home sales rose more than expected to 5.00 million units in July, a 3.1% gain in the month, following June's revised sales figure of 4.85 million. With that gain the index rebounded to the highest level in five months, although the range in the past 11 months has been relatively narrow, according to the National Association of Realtors (NAR).

...

Canadians are flocking to snatch up property in the U.S. as a result of affordable house prices and attractive exchange rates, the National Association of Realtors says.

Since May 2007, NAR estimates that between 150,000 and 190,000 homes in the U.S. were bought by foreign nationals.

...