Tag Archives: National Association of Realtors (NAR)

Jim Albertelli of Voxtur explains four ways the industry can collectively drive innovation and change during these leaner times.

After experiencing a near 5% monthly drop in pending October sales, NAR reported the near-20-year high in mortgage rates and expensive home prices forced many prospective buyers to the sidelines.

Distressed sales, including foreclosures and short sales, comprised just 1% of home sales in October 2002 according to new NAR data, down from 2% in September.

In a letter to Federal Reserve Chair Jerome Powell, Rep. Maxine Waters addressed the Fed’s recent rate hikes, the impact on the nation’s housing crisis, and the effects of ongoing inflation.

"The housing sector continues to undergo an adjustment due to the continuous rise in interest rates" said Lawrence Yun, Chief Economist of NAR. "Expensive regions of the country are especially feeling the pinch and seeing larger declines in sales."

The Pending Home Sales Index (PHSI), which measures housing contract activity, again fell in August, the third month in a row and the ninth time it has fallen this year. In addition, three out of the four major regions in the ...

In a letter to the White House, NAR, the MBA, NAHB and MHI have submitted a letter asking for the FHA to cut its mortgage insurance premium by helping increase wealth nationwide.

The Pending Home Sales Index (PHSI), which measures housing contract activity, again fell in July, the second month in a row and the eighth time it has fallen this year. In addition, three out of the four major regions in ...

HUD and the Census Bureau reported housing starts dipping 9.6% below their revised June estimate, as erratic mortgage rates, supply chain concerns, and high prices mount to create housing affordability challenges.

An upcoming webinar will explain how non-QM products may be the right fit for “out of the box” borrowers, but proper diligence is key to getting these borrowers into the home of their dreams.