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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...
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Economists say the March report for pending home sales confirms what has been known for many months now: the U.S. housing market is still several months away from stabilizing. U.S. pending home sales fell in line with expectations on Wednesday morning, declining 1.0% month-over-month to confirm the consensus...
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U.S. pending home sales surprised to the downside on Tuesday morning, declining 1.9% month-over-month despite calls for a 1.0% pullback in February, and failing to give any indications of a timeframe for a bottoming out in the housing market. "The idea that U.S. home sales are in the process of stabilizing...
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Despite an unchanged reading in U.S. pending home sales in January, the consensus forecast is looking for a 1.0% month-over-month decline in the National Association of Realtors' February release on Tuesday. However, economists are far from unanimous in their calls. "Several forces appear to be moving...
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The National Association of Realtors® ( NAR ) announced on Monday that it is launching a new campaign , reaching out to consumers "with the facts about homeownership and the value of real estate as a long-term investment." NAR's Public Awareness Campaign is centered around a new website, www.HousingMarketFacts...
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Second Homes - Vacation Homes Now 1/3 of Market A friend, a social worker, has a bumper sticker: "NO ONE SHOULD HAVE TWO HOUSES UNTIL EVERYONE HAS ONE." Sorry, Susan, you have lost that battle. Lost it big. A report issued last week by the National Association of Realtors (NAR) indicates that the second...