Almost 60% of Metro Areas Posted Home Price Gains in the Second Quarter of 2023

August 10, 2023 in KCRAR

National Association of REALTORS® Key Highlights Almost 60% of metro markets (128 out of 221) registered home price gains in the second quarter of 2023 as 30-year fixed mortgage rates oscillated between 6.28% and 6.71%, according to the National Association of REALTORS®’ latest quarterly report. Five percent of the 221 tracked metro areas registered double-digit price […]

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US Housing Market Needs More Than 300,000 Affordable Homes for Middle-Income Buyers

June 9, 2023 in KCRAR

National Association of REALTORS® Key Highlights The U.S. housing market is short more than 300,000 affordable homes for middle-income buyers, according to a new analysis from the National Association of Realtors® and®. The country’s persistent housing inventory crunch impacts middle-income buyers more than any other income bracket. NAR and®’s housing affordability and supply report examines […]

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NAR President Testifies About New Mortgage Fees Before Congressional Panel

May 18, 2023 in Government Affairs

National Association of REALTORS® National Association of Realtors® President Kenny Parcell testified before the House Committee on Financial Services Subcommittee on Housing and Insurance this week about the Federal Housing Finance Agency’s (FHFA) new loan level pricing adjustments (LLPA) fee increase on borrowers with fair to good credit profiles.  Parcell, a Realtor® for 27 years from Spanish Fork, Utah, said the fees were […]

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Real Estate Trade Groups Unite in Support of Federal Fair Housing Rule

April 27, 2023 in Government Affairs

The rule improves upon HUD’s 2015 AFFH rule, providing for more robust community engagement, streamlining processes for funding recipients, and providing greater transparency. The proposed rule also places a new emphasis on expanding homeownership opportunities.

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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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