MND NewsWire : national association of realtors

Decline in U.S. Pending Home Sales Picks Up in November

CEP News Feed — Tue, 06 Jan 2009 16:49:00 GMT

An index looking at pending home sales in the U.S. picked up its pace of decline in November, the National Association of Realtors reported on Tuesday. U.S. pending home sales fell more than expected with a 4.0% decline in November. The index now stands...(read more)

NAR Commercial Leading Indicator Weakens, Projecting Further Declines

CEP News Feed — Thu, 20 Nov 2008 15:19:00 GMT

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)....(read more)

Home Prices, Existing Sales Continued to Decline in Q3, Says NAR

CEP News Feed — Tue, 18 Nov 2008 15:55:05 GMT

Home prices continued to fall in a majority of U.S. metropolitan areas in the third quarter, while existing home sales were also down in 32 states, the National Association of Realtors reported Tuesday. In the third quarter, median single-family home...(read more)

Realtors Ask Feds for Reduction in Owner-Occupancy Ratio

Jann Swanson — Mon, 10 Nov 2008 17:34:09 GMT

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...(read more)

Preview: Economists Say Pending Home Sales Data Could be Misleading

CEP News Feed — Fri, 07 Nov 2008 00:54:03 GMT

Pending home sales are expected to have declined in September compared to the previous release. September and October have been critical times in the 14-month credit crisis, and it's unclear whether the index will capture the impact of the turmoil...(read more)

NAR Presents Four-Point Stimulus Proposal

Jann Swanson — Wed, 22 Oct 2008 17:53:44 GMT

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"...(read more)

Pending Home Sales Soar 7.4% in August

CEP News Feed — Wed, 08 Oct 2008 14:34:54 GMT

Pending home sales unexpectedly soared by 7.4% in August , according to the National Association of Realtors (NAR) on Wednesday. The advance is the largest monthly gain in almost seven years, and follows a 2.7% decline in July and a 5.8% rebound in June...(read more)

Existing Home Sales Fall 2.2% to 4.91 Million in August

CEP News Feed — Wed, 24 Sep 2008 14:12:56 GMT

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...(read more)

Wednesday Events: Housing Starts and Building Permits, NAR Real Estate

CEP News Feed — Wed, 17 Sep 2008 13:03:03 GMT

Today's reports will focus on the state of housing sector in the U.S. with the release of the U.S housing starts and building permits along with the release of the National Association of Realtors quarterly commercial real estate market forecast.

At 8:30 a.m. EDT, Statistics Canada's International Securities transactions are expected to rise C$5.5 billion in July after June's C$7.247 billion increase.

At 8:30 a.m. EDT, the U.S. Commerce Department will release the current account balance for the second quarter of 2008. Economists are expecting an increase to -$180.0 billion compared to the previous -176.4 billion level.

At 8:30 a.m. EDT, the U.S. Department of Commerce will release housing starts and building permits for August. The consensus is looking for starts to total 950k compared to the previous month's 965k level.

At 8:30 a.m. EDT, the U.S. Department of Commerce will release housing starts and building permits for August. Building permits are projected to have totaled 928k in August compared to July's 937k level.

At 10:00 a.m. EDT, the National Association of Realtors will release its quarterly commercial real estate market forecast.

10:35 a.m. EDT, the Department of Energy will release crude oil inventories for the week ending September 12. Crude oil inventories are expected to fall by 3500K barrels compared from last week's -5828K level.

At 10:35 a.m. EDT, the Department of Energy will release gasoline inventories for the week ending September 12. Gasoline inventories are expected to fall by 3500K barrels compared from last week's -6462K level.

At 10:35 a.m. EDT, the Department of Energy will release distillate inventories for the week ending September 12. Distillate inventories are expected to fall by 1900K barrels compared from last week's -1252K level.

At 10:35 a.m. EDT, the Department of Energy will release refinery utilization for the week ending September 12. Refinery utilization is expected to fall by 2.00% compared from last week's -10.41% figure.

All times in EDT

7:00 US MBA Mortgage Applications Prior: +9.5%

8:30 CA International Securities Transactions July Exp: C$5.500B Prior: C$7.247B

8:30 US Current Account Balance Q2 Exp: -$180.0B Prior: -$176.4B

8:30 US Housing Starts August Exp: 950k Prior: 965k

8:30 US Building Permits August Exp: 927k Prior: 937k

10:00 US FDIC's Bair & Fed's Duke Testify on Home-Loan Program

10:35 US DOE U.S. Crude Oil Inventories W/E September 12 Exp.: -3500k Prior: -5828k

10:35 US DOE U.S. Gasoline Inventories W/E September 12 Exp: -3500k Prior: -6462k

10:35 US DOE U.S. Distillate Inventory W/E September 12 Exp:-1900k Prior: -1252k

10:35 US DOE U.S. Refinery Utilization W/E September 12 Exp:-2.00% Prior: -10.41

By Steve Stecyk
©CEP News Ltd. 2008

Existing Home Sales Rise 3.1% to 5.00 Million in July

Glenn Setzer — Mon, 25 Aug 2008 11:00:00 GMT

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).

...(read more)

NAR Commercial Leading Indicator Weakens, Projecting Further Declines

Glenn Setzer — Wed, 20 Aug 2008 11:00:00 GMT

A leading indicator for the U.S. commercial real estate market continued decelerating for the fourth consecutive quarter on Wednesday, according to the National Association of Realtors, who also said that commercial real estate activity would weaken over the next six to nine months.

...(read more)

Canadians Top List of Foreign Buyers of U.S. Property, NAR Says

Glenn Setzer — Thu, 07 Aug 2008 11:00:00 GMT

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.

...(read more)

Existing Home Sales Fall 2.6% to 4.86 Million in June

Glenn Setzer — Thu, 24 Jul 2008 11:00:00 GMT

U.S. existing home sales fell 2.6% to 4.86 million units in June following May's unrevised sales figure of 4.99 million. This is the fourth month home sales have remained under the five million mark, according to the National Association of Realtors (NAR).

...(read more)

U.S. Existing Home Sales Rise 2.0% to 4.99 Million in May

Glenn Setzer — Thu, 26 Jun 2008 11:00:00 GMT

U.S. existing home sales rose to 4.99 million units in May, or 2.0%, following April's unrevised sales figure of 4.89 million. This is the third month that home sales have remained under the 5 million mark.

Economists were expecting the May data to rise to 4.95 million, or 1.2%, following the 1.0% decline in April. This marks the first monthly rise in...

...(read more)

Go Green With Your Real Estate Marketing

Glenn Setzer — Thu, 12 Jun 2008 11:00:00 GMT

The National Association of Realtors� (NAR) presently claims 1.2 million members. We figure those are figures from 2007, pre-dating the worst of the housing free fall and that there have been many dropouts since then.

Even in the best of times the division of wealth among agents is lop- sided. According the Federal job outlook, the median annual income of agents in 2004 was $35,670.

But, if you were among those earning $35,000 in 2004, you are probably hurting now.

You want to stay in the business until the market improves, but you have to eat, so may we offer two suggestions for modifying your business model in order to increase listings and sales...

...(read more)