Pending Home Sales Inch Forward in July
WASHINGTON (August 27, 2015) — Pending home sales were mostly unchanged in July, but rose modestly for the sixth time in seven months, according to the National Association of Realtors®.
The Pending Home Sales Index,* a forward-looking indicator based on contract signings, marginally increased 0.5 percent to 110.9 in July from an upwardly revised 110.4 in June and is now 7.4 percent above July 2014 (103.3). The index has increased year-over-year for 11 consecutive months and is the third highest... Read More
NAR Good Neighbor Award Finalists Honored for Their Commitment to Good Works, Volunteering
WASHINGTON (August 25, 2015) — The National Association of Realtors® has selected 10 individuals as finalists for REALTOR® Magazine’s 2015 Good Neighbor Awards. This award honors Realtors® who volunteer in their communities, improve the quality of life for their neighbors and go above and beyond in their commitment to making their neighborhoods better places to live.
This year marks the 16th year the Good Neighbor Awards program has recognized Realtor® volunteers. The Realtors® being honored donated their time, money and passion to... Read More
Existing-Home Sales Maintain Solid Growth in July
WASHINGTON (August 20, 2015) — Existing-home sales steadily increased for the third consecutive month in July, while stubbornly low inventory levels and rising prices are likely to blame for sales to first-time buyers falling to their lowest share since January, according to the National Association of Realtors®.
Total existing-home sales1, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 2.0 percent to a seasonally... Read More
Home Prices Rise in Nearly All Metro Areas in Second Quarter
WASHINGTON (August 11, 2015) — A promising climb in home sales throughout the country amidst insufficient supply caused home prices to steadily rise in most metro areas during the second quarter, according to the latest quarterly report by the National Association of Realtors®.
The median existing single-family home price increased in 93 percent of measured markets1, with 163 out of 176 metropolitan statistical areas2 (MSAs) showing gains based on closings in the second quarter... Read More
Real Estate Firms Remain Confident About Future Profitability, NAR Study Shows
WASHINGTON (August 6, 2015) – Real estate firms are confident in the industry’s future growth and their increasing profitability, according to the 2015 National Association of Realtors® Profile of Real Estate Firms.
“A majority of firms have a positive view of the future, with 95 percent of all firms expecting their net income to either increase or stay the same in the next year,” said NAR President Chris Polychron, executive broker with 1st Choice Realty in Hot Springs,... Read More