NAR Responds to White House Affordability Plan

January 26, 2023 in Government Affairs

The association has committed to educate members and consumers about rental assistance but urges policy around the root cause of affordability issues.

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Economist: Mortgage Rates Will Dip Below 6% Soon

January 12, 2023 in Community

After doubling from a year ago, rates likely will experience less volatility in 2023, says NAR Director of Forecasting Nadia Evangelou.

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NAR Applauds White House Roadmap to Reduce Homelessness and Increase Housing Supply

January 5, 2023 in Government Affairs

National Association of REALTORS® National Association of Realtors® President Kenny Parcell issued the following statement in response in December to the White House’s plan to reduce homelessness and increase housing supply over the next two years: “We are grateful the President outlined this plan and put a spotlight on the diminished inventory and homelessness crisis […]

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NAR Finds Share of First-Time Home Buyers Smaller, Older Than Ever Before

November 10, 2022 in KCRAR

National Association of REALTORS® Key Highlights At just 26%, the share of first-time buyers was the lowest since NAR began tracking the data. The typical first-time buyer was 36 years old – an all-time high. The median distance between the home that recent buyers purchased and the home from which they moved was 50 miles […]

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Median Home Sales Price Up 8.4% Nationally in September

October 20, 2022 in Community

National Association of REALTORS® Key Highlights Existing-home sales sagged for the eighth consecutive month to a seasonally adjusted annual rate of 4.71 million. Sales slipped 1.5% from August and 23.8% from the previous year. The median existing-home sales price increased to $384,800, up 8.4% from one year ago. The inventory of unsold existing homes declined […]

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Existing-Home Sales Slipped 0.4% Nationally in August

September 22, 2022 in Community

National Association of REALTORS® Key Highlights Existing-home sales decreased for the seventh straight month to a seasonally adjusted annual rate of 4.80 million. Sales tailed off 0.4% from July and 19.9% from the previous year. The median existing-home sales price rose 7.7% from one year ago to $389,500. After five successive monthly increases, the inventory […]

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Adding Hope to the Grocery List: Kansas City REALTOR® Named Finalist for National Good Neighbor Award

September 1, 2022 in Community

By Graham Wood, National Association of REALTORS® Cleaning houses for a living isn’t always steady work for Kansas City, Mo., native Kelly Lange. When her clients need to tighten their budgets, Lange’s services are often the first item they cut. So, Lange, 48, sometimes finds herself with little to no work for significant periods of […]

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Pending Home Sales Slipped 1.0% in July

August 25, 2022 in Community

National Association of REALTORS® Pending home sales dropped slightly by 1.0% from June. It was the second straight monthly decline and the eighth in the last nine months. Pending sales fell in three of four major regions, with the West posting a small increase. Compared to the prior year, contract signings declined by double digits […]

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Four in Five Metro Areas Notched Double-Digit Price Gains in Second Quarter of 2022

August 11, 2022 in Community

National Association of REALTORS® Key highlights Eighty percent of metro markets – 148 of 185 – saw double-digit annual price appreciation in median single-family existing-home sales prices (70% in the previous quarter). The national median single-family existing-home price rose 14.2% annually to $413,500, surpassing $400,000 for the first time. Housing affordability significantly declined as the […]

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Yun: Possible Economic Downturn Likely to Be Mild

August 5, 2022 in Community

By Catherine Mesick, REALTOR® Magazine The country isn’t officially in a recession yet, despite two consecutive quarters of national contraction of the gross domestic product, a commonly cited indicator of an economic downturn, says Lawrence Yun, chief economist for the National Association of REALTORS®. And several healthy economic trends, including a robust job market, coupled […]

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