Archive for September, 2017


Home-contract signings tumble to near 2-year low, hit by hurricanes and tight supply

Bloomberg News/Landov A “For Sale” sign is displayed outside of a house in Oradell, New Jersey. Americans signed fewer contracts to buy homes in August, the fifth month of declines in the last six, prompting the Realtor industry group to slash its forecast for sales in 2017. The National Association of Realtors’ pending home sales […]

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NAR: Persistent, slow home sales mean housing market is now "essentially stalled"

Pending home sales decreased in August for the fifth time in six months, and was especially slow in areas hit by hurricanes Harvey and Irma, according to the latest report from the National Association of Realtors. In fact, this slow down even caused NAR to downgrade is overall forecast for the year, the report explained. […]

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Community Voices: GOP proposal makes a poor housewarming gift

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Homeowners Who Remodel Gain Equity and Enjoyment, Say Realtors®

WASHINGTON, Sept. 28, 2017 /PRNewswire/ — Homeowners who take on remodeling projects gain not only equity and more resale value in their home, they are also more likely to find satisfaction and enjoyment from their home, according to a new report from the National Association of Realtors® , with insights from the National Association of […]

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Down with the Realtors

Lobbyists are hired to advance their industry’s interests, which are often at odds with the public interest. But the real estate lobby is currently engaged in a more cynical gambit: waging a lobbying war directly against their own customers. The National Association of Realtors is not lobbying mostly to preserve their special tax carveout — […]

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Worth the splash? Here’s how — and for how much — Americans are upgrading their bathrooms

It may not be the most glamorous room in the house—nor the easiest to renovate—but Americans spend lots of time, money and energy upgrading their bathrooms. Homeowners and real-estate professionals say the end results are worth the effort. A survey out Thursday from the popular online home decor showcase Houzz sheds some light on how […]

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Homeowner tax relief looks vulnerable as industry breaks ranks

Some trade groups, while presenting a united front, find their members increasingly divided. | AP Photo While most housing stakeholders publicly criticized the White House tax plan released Wednesday, many quietly admit they’re playing defense. By LORRAINE WOELLERT 09/27/2017 05:07 PM EDT The National Association of Home Builders split with industry allies to endorse a […]

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Puerto Rico Realtor urges NAR to lobby on island’s behalf

Ivan Zavala, the CEO of Puerto Rico’s largest brokerage and past president of the Puerto Rico Association of Realtors, is urging the National Association of Realtors (NAR) to lobby for the repeal of the Jones Act, a marine law dictating that all goods being delivered between U.S. ports be carried by American-owned and operated ships. In […]

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Short supply dampens August pending home sales

WASHINGTON — Fewer people signed contracts to buy homes in August, marking the fifth decline in the past six months. The 2.6 percent fall continues to reflect the worsening shortage nationwide of homes being listed for sale. The National Association of Realtors said that its pending home sales index fell to 106.3 in August from […]

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US home prices jumped in July even as sales level off

U.S. home prices climbed steadily in July even as sales have slowed, evidence that a limited supply of available houses is distorting the real estate market. The Standard Poor’s CoreLogic Case-Shiller national home price index, released Tuesday, rose 5.9 percent in July from a year earlier, slightly faster than June’s 5.8 percent annual pace. Sales […]

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