Pending Home Sales Climb in April to Highest Level since May 2006
WASHINGTON (May 28, 2015) — Pending home sales rose in April for the fourth straight month and reached their highest level in nine years, according to the National Association of Realtors®. Led by the Northeast and Midwest, all four major regions saw increases in April.
The Pending Home Sales Index,* a forward-looking indicator based on contract signings, increased 3.4 percent to 112.4 in April from a slight upward revision of 108.7 in March and is now 14.0 percent above... Read More
Modest Growth Expected in Commercial Real Estate Markets
WASHINGTON (May 26, 2015) — A stronger labor market and increasing household formation should keep commercial real estate demand on a gradual incline, according to the National Association of Realtors® quarterly commercial real estate forecast.
National office vacancy rates are forecast to slightly decrease 0.1 percent over the coming year as the demand for office space slowly improves. The vacancy rate for industrial space is expected to decline 0.3 percent and... Read More
Existing-Home Sales Lose Momentum in April
WASHINGTON (May 21, 2015) — Despite properties typically selling faster than at any time since July 2013, existing–home sales slowed in April but remained above an annual sales pace of five million for the second straight month, according to the National Association of Realtors®. All major regions except for the Midwest experienced sales declines in April.
Total existing-home sales1, which are completed transactions that... Read More
Let Rural Housing Service Provide Direct Endorsement Authority to Lenders, Say Realtors®
WASHINGTON (May 19, 2015) — The following is a statement by National Association of Realtors® President Chris Polychron in support of the Rural Housing Service and today’s testimony from RHS Administrator Tony Hernandez before the U.S. House Financial Services Subcommittee on Housing and Insurance:
“Today, every Rural Housing Service loan must be approved by RHS staff. In recent years, RHS staffing has been dramatically reduced, and borrowers have experienced significant delays in loan approval.
“Both the Veterans Affairs loan guaranty and the... Read More
Realtors® Eagerly Await A-OK to Fly UAVs
WASHINGTON (May 15, 2015) – There will be a time when Realtors® can legally fly an unmanned aerial system, or drone, around property listings to capture images for marketing purposes, but that time has not yet arrived, at least not completely. That’s according to Federal Aviation Administration officials who told Realtors® today during the When, Where and How can I Use My Drone session at the REALTORS® Legislative Meetings & Trade Expo.
According to Jim Williams, manager of FAA’s UAS... Read More