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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5 Trends That Defined the 2022 Real Estate Market

in Community

Housing was on a roller coaster this year, going from a homebuying frenzy to a standstill. These market dynamics will carry into 2023.

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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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Happy Halloween? Mortgage Rates Average 6.66%

October 7, 2022 in Community

By Melissa Dittmann Tracey, REALTOR® Magazine Despite a slight decrease this week in mortgage rates, the average for the 30-year fixed-rate loan remains more than double what it was a year ago, adding hundreds of dollars per month to financing costs for home buyers. This is prompting more buyers to retreat from the market: Mortgage […]

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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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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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