Archive for Category: "National Association of Realtors"
MID Is Vital to Housing Market, Economy
Washington , February 13, 2012 The following is a statement by National Association of Realtors® President Moe Veissi: “As the leading advocate for housing and homeownership, NAR is strongly opposed to elements of President Obama’s budget proposal that would limit itemized deductions, including the mortgage interest deduction, for thousands of families. “NAR firmly believes that
4th Quarter Metro Area Home Prices Boost Affordability
Washington, DC, February 09, 2012 Housing affordability conditions improved in most metropolitan areas from softer existing-home prices and record-low mortgage interest rates in the fourth quarter, with rising sales and lower inventory creating more balanced conditions, according to the latest quarterly report by the National Association of Realtors®. Introduced with this release is a new
Homeownership Matters to Nation
Washington, January 24, 2012 The following is a statement by National Association of Realtors® President Moe Veissi: “The National Association of Realtors® commends President Obama for his remarks in support of homeowners and the struggling housing market during tonight’s State of the Union address. As leading advocates for homeownership, Realtors® know that restoring the health
Pending Home Sales Decline in December, Remain Above a Year Ago
Washington, January 25, 2012 After reaching a 19-month high, pending home sales eased in December but stayed above year-ago levels, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, declined 3.5 percent to 96.6 in December from 100.1 in November but is 5.6 percent above
December Existing-Home Sales Show Uptrend
Washington, DC, January 20, 2012 Existing-home sales continued on an uptrend in December, rising for three consecutive months and remaining above a year ago, according to the National Association of Realtors®. The latest monthly data shows total existing-home sales1 rose 5.0 percent to a seasonally adjusted annual rate of 4.61 million in December from a
Pending Home Sales Rise Again in November, Highest in a Year-and-a-Half
Washington, DC, December 29, 2011 Pending home sales continued to gain in November and reached the highest level in 19 months, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, increased 7.3 percent to 100.1 in November from an upwardly revised 93.3 in October and
Exterior Replacement Projects Rated Best Investment
Washington, December 16, 2011 When it comes to remodeling, exterior replacement projects have routinely rewarded homeowners with more bang for their buck. This year is no different, as Realtors® recently rated many exterior improvements as among the most valuable home investment projects as part of the 2011-12 Remodeling Cost vs. Value Report. “This year’s Remodeling
Existing-Home Sales Continue to Climb in November
Washington, DC, December 21, 2011 Existing-home sales rose again in November and remain above a year ago, according to the National Association of Realtors®. Also released today were periodic benchmark revisions with downward adjustments to sales and inventory data since 2007, led by a decline in for-sale-by-owners. Although rebenchmarking resulted in lower adjustments to several
NAR Applauds Mortgage Industry Reform Bill
Washington, December 08, 2011 The National Association of Realtors® supports legislation introduced today that provides sensible reform of the secondary mortgage market and protects the interest of taxpayers. Sen. Johnny Isakson (R-Ga.) introduced the legislation, “The Mortgage Finance Act of 2011,” in the U.S. Senate. The bill creates a limited-term, government-chartered secondary mortgage market mechanism,
NAR Urges Comprehensive Mortgage Finance Reform
Washington, December 07, 2011 Reforming the secondary mortgage market is essential to ensuring a reliable source of mortgage lending for consumers in all types of markets and is integral to the nation’s economic and housing recovery, the National Association of Realtors® said in testimony today. NAR’s 2012 Director of Realtor® Party Activities Tom Salomone spoke
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