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Facing affordability issues, home sales hit a wall in July

For four straight months, home sales have been steadily climbing, according to the National Association of Realtors. In May, existing home sales boasted their highest pace in nine years. But during this time, the dark overhang of tight inventory has never dissipated from the housing market conversation. Show More Summary

Here comes existing home sales...

The National Association of Realtors is expected to release its update on existing home sales at 10 a.m. ET. The measure of previously built homes sold in August is expected to come in at 5.51 million homes sold, a -0.4% change fromShow More Summary

San Francisco affordability reaches just 13 percent of households

The median home price in San Francisco reached $1.375 million in the second quarter, good for six times the U.S. national median of $240,700, according to California Association of Realtors (CAR) data as reported by Paragon Real Estate Group...

Drama Kings: SF Fed’s William Hawkish On December Rate Increase (Prob Rises Above 50%)

I remember Alan Meltzer’s speech at the National Association of Realtors calling for Fed transparency and adhere to a monetary rule (like a Taylor Rule) to give everyone an idea of what is happening with regard to monetary policy. Instead,...Show More Summary

Is the East Bay real estate market cooling off?

Inventory throughout the East Bay has been climbing, pushing some area home prices down. This July, according to the August 2016 Real Estate Weather Report by the Bay East Association of Realtors, home sales prices in nearly 25 percent of East Bay communities were trending downward on an annual basis...

Rockland County real estate sales and prices on the rise

The Hudson Valley real estate market has been faring well, especially in Rockland County, where home sales rose in the second quarter of the year. According to data from the Hudson Gateway Association of Realtors (HGAR), single-family home sales increased 28.4 percent in the second quarter of the year and 25.2 percent in the last 12 months...

Areas hit hardest by the real estate bust are now seeing the highest gains

Home prices in Miami, Las Vegas and parts of Arizona and California are outpacing the national average, according to the National Association of Realtors.

Housing permits struggle to keep pace with employment growth

As the job market continues to improve, the need for more properties follows suit. According to a National Association of Realtors Metropolitan Median Area Prices and Affordability and Housing Affordability Index, homebuilding of all housing types was under-performing in about two-thirds of the 146 metros measured in the second quarter of...

NAR releases Q2 median prices for single-family homes in metros

The National Association of Realtors' Metropolitan Median Area Prices and Affordability Report shows affordability becoming less prevalent compared to last year. Only 16 percent (29 out of 178) of metro statistical areas had a lower median price in the second quarter of 2016 than last year, NAR says...

Lawler: Early Read on Existing Home Sales in July

From housing economist Tom Lawler:Based on publicly-available state and local realtor/MLS reports from across the country released through today, I project that existing home sales as estimated by the National Association of Realtors...Show More Summary

NAR announces ‘Don’t Risk It’ video awards contest

Who said that talking about real estate risk management has to be boring? Certainly not the National Association of Realtors -- which is asking associations across the country to accept the challenge of "producing outstanding educational videos on risk management topics for real estate professionals," in its Don't Risk It Video Awards Contest, announced this week...

Housing affordability in California weakens through second quarter

Even with low interest rates, rising home prices in California are exceeding residents' means to purchase, according to the California Association of Realtors (CAR), which says only 31 percent of the state's population could afford to purchase an existing median-priced home in the second quarter...

The first US city where average homes cost over $1 million

San Jose's homes are historically expensive. According to data out Wednesday from the National Association of Realtors, the median price of a home in the California city is now over $1 million — $1,085,000 to be exact — the first time...Show More Summary

RealSatisfied announces partnership with the Canadian Real Estate Association

RealSatisfied has partnered with the Canadian Real Estate Association and the Association of Saskatchewan Realtors on a limited test pilot of sharing RealSatisfied Realtor reviews on realtor.ca, Canada's leading home, commercial and Realtor search portal...

Las Vegas Real Estate in July: Sales down 10% YoY, Inventory down 1%

This is a key distressed market to follow since Las Vegas has seen the largest price decline of any of the Case-Shiller composite 20 cities. The Greater Las Vegas Association of Realtors reported Southern Nevada Home Prices Keep Climbing...Show More Summary

NAR: Should real estate be reorganized?

With nearly 1,300 Realtor associations and more than 700 MLSs, much of the U.S. real estate industry is organized under the National Association of Realtors umbrella. Is it time to rethink the model...

Women in real estate: ‘Climbing out of the pink-collar ghetto’

Women represent around 60 percent of the workforce in real estate, yet they sparsely populate the industry's upper management, from boards to brokerages to associations such as the National Association of Realtors...

Retsly adds Miami Association of Realtors MLS data to software service

Retsly, a Zillow-owned and operated software company based in Vancouver, is welcoming several new MLS affiliations that allow the software company to incorporate more data to its modernized platform. Retsly’s newest additions includes the Miami Association of Realtors, one of the largest MLSs in the...

4 Reasons Millenials Should Invest in a Home

If you believe popular culture, most Millennials don't want to buy homes and would rather rent. But the numbers suggest otherwise. The National Association of Realtors found that in 2015, Millennials made up 35% of all homebuyers, up from 32% in 2014. No other age group represented a bigger...

Where do renters have a shot at homeownership?

Student debt, high renting costs, low rates of affordable inventory – is homeownership totally out of reach? Not in the Midwest and South, according to research from the National Association of Realtors (NAR)...

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