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...
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...
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...
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...
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...
The housing market threw the world another curve on Thursday. After five straight months of declining sales of existing homes, a sixth dreary month was pretty generally expected. Instead the National Association of Realtors announced that February sales of previously-owned homes had jumped 5.2 percent...
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...