Existing-home sales eased in March but first-time buyers are responding to low mortgage interest rates and tax credits, according to the National Association of Realtors®. Existing Home Sales, including single-family, townhomes, condominiums and co-ops, declined 3.0 percent to a seasonally … [Read more...]
Realtors® Support Mortgage Lending Reform
To help Americans continue to achieve their dreams of homeownership, there must be a balance between safeguarding consumers in the lending process and ensuring reasonable access to mortgage capital. That is the message that the National Association of Realtors® delivered to Congress today, … [Read more...]
2008 Second-Home Sales Decline; More Buyers Pay Cash
The combination of vacation- and investment-home sales slipped to 30 percent of all existing- and new-home transactions in 2008, according to the National Association of Realtors®. However, more than four out of 10 investment buyers and more than three in 10 vacation-home buyers paid cash for … [Read more...]
Mortgage fraud – How to recognize
Mortgage fraud is accomplished through the use of false documents, identity theft, straw buyers, and sometimes the witting or unwitting assistance of real estate professionals. To protect themselves and their clients, real estate agents must be able to distinguish between legal and illegal mortgage … [Read more...]
Making Home Affordable Program
On February 18, 2009, President Obama announced his Making Home Affordable Program, designed to help up to 7-9 million families avoid foreclosure by restructuring or refinancing their mortgages. In doing so, the plan not only helps responsible homeowners behind on their payments or at risk of … [Read more...]
NAR to Hold Real Estate Summit at Midyear Meetings in Washington, DC
Compelled by the insistent fact that housing has always led this nation out of economic troubles, the National Association of Realtors is hosting the "Real Estate Summit: Advancing the U.S. Economy" on Tuesday, May 12 during the Midyear Legislative Meetings & Trade Expo in Washington, DC. The … [Read more...]
Gain Seen In Pending Home Sales, Housing Affordability Sets New Records
Pending home sales have edged up, hinting at a possible pickup of sales activity in coming months, according to the National Association of Realtors®. The Pending Home Sales Index, a leading indicator based on contracts signed in February, rose 2.1 percent to 82.1 from a reading of 80.4 in … [Read more...]
For Realtors®, Every Month is Fair Housing Month
Realtors®' ongoing commitment to remove housing discrimination and advance fair housing laws takes on added meaning in April during Fair Housing Month. This year marks the 41st anniversary of the Fair Housing Act, which establishes a policy of fair housing for all Americans. "Realtors® build … [Read more...]
FHA Key to Housing Rebound, Say Realtors®
The Federal Housing Administration is a primary source of mortgage financing for millions of America's families and plays a key role in helping bring stability to the housing market. This is the message that the National Association of Realtors® delivered to the Senate Appropriations Subcommittee … [Read more...]