The U.S. House of Representatives has taken a significant step toward economic recovery in passing H.R. 1, The American Recovery and Reinvestment Act of 2009. "On behalf of NAR and its 1.2 million members, I'd like to thank Chairman Frank, D-Mass., Chairman Rangel, D-N.Y., and the House of … [Read more...]

Existing-home sales rose unexpectedly while inventory declined, led by a surge of sales in the West, according to the National Association of Realtors®. Existing-home sales - including single-family, townhomes, condominiums and co-ops - jumped 6.5 percent to a seasonally adjusted annual rate1 of … [Read more...]

In today's challenging economy, the National Association of Realtors® is taking action to make workforce housing more available. Through the Ira Gribin Workforce Housing Grants, NAR will award as much as $5.23 million to state Realtor® associations or their housing foundations to support workforce … [Read more...]

The following is a statement by National Association of Realtors® President Charles McMillan: "Today is truly an historic day for our country. On behalf of NAR's 1.2 million Realtors®, we welcome the new president and his administration, and pledge to work with him to stabilize the U.S. housing … [Read more...]

Eighty percent of Americans want transportation and other infrastructure spending included in the economic stimulus bill to target projects that achieve multiple goals and create new jobs, according to a survey sponsored by the National Association of Realtors® and Transportation for … [Read more...]

Home Buyer Tax Credit Critical If all home buyers become eligible for a tax credit without a repayment feature, it could result in an additional 555,000 home sales - enough to meaningfully draw down excess housing inventory, according to the National Association of Realtors®. An evaluation of … [Read more...]

The importance of the Federal Housing Administration's role in the economic and housing recovery has never been more apparent, and the National Association of Realtors® reinforced this message in testimony submitted to Congress today. "FHA insurance is one of the primary sources of mortgage … [Read more...]

A bill that embraces the need for righting the housing market-the first big step toward economic recovery-was introduced Friday in the U.S. House of Representatives. H.R. 384, The TARP Reform and Accountability Act, was offered by Rep. Barney Frank (D-Mass.), chair of the House Financial Services … [Read more...]

After holding fairly stable for a year, pending home sales declined in the face of job losses and an eroding economy, according to the National Association of Realtors®. Lawrence Yun, NAR chief economist, said a weakening was inevitable. "Mounting job losses and very weak consumer confidence … [Read more...]

There is some misinformation in the media lately about the required size of a down payment for a mortgage in today's market, and the blog world is abuzz with misperceptions. Not all so-called experts are knowledgeable in this area, and some experts are being misunderstood. The facts: 1. An … [Read more...]