Pending Home Sales Rise in January to Highest Level in 18 Months
WASHINGTON (February 27, 2015) — Improved buyer demand at the beginning of 2015 pushed pending home sales in January to their highest level since August 2013, according to the National Association of Realtors®. All major regions except for the Midwest saw gains in activity in January.
The Pending Home Sales Index,* a forward-looking indicator based on contract signings, climbed 1.7 percent to 104.2 in January from an upwardly revised 102.5 in December and is now 8.4 percent above January... Read More
Realtors® Applaud New Net Neutrality Rules Preserving Equal Access to the Internet
WASHINGTON (February 26, 2015) – The following is a statement by National Association of Realtors® President Chris Polychron in support of new open Internet rules the Federal Communications Commission passed today:
“Realtors® welcome the passage of the FCC’s new rules to protect true net neutrality, which are essential to the modern business of real estate that is increasingly... Read More
Realtors® Demand Congressional Action to Strengthen Patent Laws, Protect Small Businesses
WASHINGTON (February 26, 2015) – Without meaningful patent litigation reform, Realtors® and other small and midsize business owners will remain targets of extortion by unscrupulous entities that demand licensing fees or threaten frivolous lawsuits under the guise of patent infringement. That’s according to testimony today from the National Association of Realtors® before the U.S. House Subcommittee on Commerce, Manufacturing and Trade.
“Patent trolls are using vaguely worded... Read More
Existing-Home Sales Cool in January As Available Inventory Remains Subdued
WASHINGTON (February 23, 2015) – Existing-home sales declined in January to their lowest rate in nine months, but the pace was higher than a year ago for the fourth straight month, according to the National Association of Realtors®. All major regions experienced declines in January, with the Northeast and West seeing the largest.
Total existing-home ... Read More
Commercial Markets Poised for Growth Despite Weaker Global Economy
WASHINGTON (February 19, 2015) – A stronger labor market and stable U.S. economy should keep commercial real estate demand on the rise, but the pace of growth will likely be hindered by overseas weakness, 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 improved hiring increases the demand for office space. The vacancy rate for industrial space is expected... Read More