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Pending Home Sales Recover in June, Grow 1.5 Percent

2017-08-01T03:05:48-05:00August 1st, 2017|NAR|

WASHINGTON (July 31, 2017) — After declining for three straight months, pending home sales reversed course in June as all major regions, except for the Midwest, saw an increase in contract activity, according to the National Association of Realtors®. The Pending Home Sales Index*, www.nar.realtor/topics/pending-home-sales, a forward-looking indicator based on contract signings, climbed 1.5 percent to… Continue Reading Pending Home Sales Recover in June, Grow 1.5 Percent

Where Does Job Growth Outpace New Housing Construction?

2017-07-31T13:05:44-05:00July 31st, 2017|NAR|

In the last five years, San Francisco metropolitan area added 345,700 new jobs, but issued permits for only 20,241 single-family units. Meanwhile, home prices increased by 54 percent[1]. During the same period, Houston created 307,500 new jobs and permitted 173,638 new single-family units. Home prices rose 32 percent in Houston metropolitan area. This example reveals… Continue Reading Where Does Job Growth Outpace New Housing Construction?

WATCH: July Housing Minute

2017-07-31T12:39:03-05:00July 31st, 2017|NAR|

  Homes continued to sell quickly in June, but the lean inventory levels in many markets caused existing-home sales to shift downward. The news was better for pending home sales, as contract activity increased last month for the first time since February. Click on the video above or visit https://www.nar.realtor/videos/housing-minute to watch a 50-second, animated… Continue Reading WATCH: July Housing Minute

In Two Months, the National Flood Insurance Program Expires

2017-07-31T09:30:12-05:00July 31st, 2017|NAR|

As the House and Senate continue their work to reauthorize the National Flood Insurance Program, the countdown to the program’s expiration continues as well. On September 30, the Federal Emergency Management Administration loses its authorization to write new flood insurance policies or renew existing policies for its customers. That means homeowners could potentially find their… Continue Reading In Two Months, the National Flood Insurance Program Expires

Realtors® Gather in Washington to Discuss Sustainability

2017-07-28T14:57:37-05:00July 28th, 2017|NAR|

This week, NAR hosted the 2017 Sustainability Summit in Washington, D.C.  Over the course of two days, Realtors® and industry professionals gathered to discuss emerging trends in energy efficiency and ways sustainability is shaping the market. NAR 2017 President-elect Elizabeth Mendenhall kicked off the summit and spoke about the importance of sustainability in real estate.… Continue Reading Realtors® Gather in Washington to Discuss Sustainability

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