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  Lack of Credit Extension by June 30th Would Dash Hopes of Home Buyers in All 50 States

  Posted by NATIONAL ASSOCIATION OF REALTORS 06/29/10 2:12 PM

  (WASHINGTON, DC) -- Up to 180,000 home buyers will lose their tax credit through no fault of their own ... Read More

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  NAR Reports Existing-Home Sales Rise on Home Buyer Tax Credit and Favorable Market Conditions

  Posted by NATIONAL ASSOCIATION OF REALTORS 04/22/10 10:04 AM

  (WASHINGTON, DC) -- Buyers responding to the homebuyer tax credit and favorable affordability conditions boosted existing-home sales in March, marking the beginning of an expected spring surge, according to the National Association of Realtors. Read More

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  Pending Home Sales Show Healthy Gain, Hint at Spring Surge

  Posted by NATIONAL ASSOCIATION OF REALTORS 04/05/10 10:00 AM

  (WASHINGTON, DC) -- Pending home sales rose in February, potentially signaling a second surge of home sales in response to the home buyer tax credit, according to the National Association of Realtors. Read More

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  NAR Reports Vacation-Home Sales Up in 2009, Investment Sales Fall Sharply

  Posted by NATIONAL ASSOCIATION OF REALTORS 03/31/10 10:08 AM

  (WASHINGTON, DC) -- Vacation-home sales recovered in 2009 while investment sales fell sharply, according to the National Association of Realtors. NAR's 2010 Investment and Vacation Home Buyers Survey, covering existing- and new-home transactions in 2009, ... Read More

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  New Fannie Mae, Freddie Mac Structures Should Ensure Availability of Mortgage Capital and Protect Taxpayer Dollars, Says NAR

  Posted by NATIONAL ASSOCIATION OF REALTORS 03/31/10 8:00 AM

  (WASHINGTON, DC) -- Government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac should be restructured as government-chartered, non-shareholder owned authorities, ... Read More

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  NAR Reports February Existing-Home Sales Ease, Mixed Market Conditions

  Posted by NATIONAL ASSOCIATION OF REALTORS 03/23/10 10:15 AM

  (WASHINGTON, DC) -- Existing-home sales declined slightly in February, with modest gains in the Northeast and Midwest offset by softer sales in the South and West, according to the National Association of Realtors. Read More

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  Pending Home Sales Down; Severe Weather Impacting Market

  Posted by NATIONAL ASSOCIATION OF REALTORS 03/04/10 10:02 AM

  (WASHINGTON, DC) -- Pending home sales are down and additional declines are expected from abnormal weather conditions, according to the National Association of Realtors. The Pending Home Sales Index, ... Read More

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  Existing-Home Sales Down in January but Higher than a Year Ago; Prices Steady

  Posted by NATIONAL ASSOCIATION OF REALTORS 02/26/10 10:08 AM

  (WASHINGTON, DC) -- Existing-home sales fell in January but are above year-ago levels, according to the National Association of Realtors. Existing-home sales - including single-family, townhomes, condominiums and co-ops ... Read More

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  NAR Reports No Meaningful Recovery in Commercial Real Estate Before 2011

  Posted by NATIONAL ASSOCIATION OF REALTORS 02/23/10 10:00 AM

  (WASHINGTON, DC) -- Although the economy has been growing lately, fallout from the recent recession continued to negatively impact commercial real estate sectors in the fourth quarter, but there is hope for some improvement next year, according to the National Association of Realtors. Read More

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  Fourth Quarter Existing-Home Sales Surge in Most States, Says NAR

  Posted by NATIONAL ASSOCIATION OF REALTORS 02/11/10 10:00 AM

  (WASHINGTON, DC) -- Strong gains in existing-home sales were the predominant pattern in most states during the fourth quarter, with many more metro areas seeing prices rise from a year earlier, Read More

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  Pending Home Sales Stabilize, Remain Above Year-Ago Levels

  Posted by NATIONAL ASSOCIATION OF REALTORS 02/02/10 10:00 AM

  (WASHINGTON, DC) -- Pending home sales have leveled from a market swing driven by response to the home buyer tax credit, according to the National Association of Realtors. The Pending Home Sales Index, ... Read More

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  Realtors Partner with National Community Stabilization Trust to Revitalized Foreclosure Wracked Neighborhoods

  Posted by NATIONAL ASSOCIATION OF REALTORS 01/29/10 2:34 PM

  Vicki Cox Golder (WASHINGTON, DC) -- The National Association of Realtors has joined forces with the National Community Stabilization Trust to help rebuild American communities devastated by the foreclosure crisis.The collaboration will bring Realtors and the more than 1,400 state... Read More

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  December Existing-Home Sales Down but Prices Rise; 2009 Sales Up

  Posted by NATIONAL ASSOCIATION OF REALTORS 01/25/10 10:46 AM

  Lawrence Yun (WASHINGTON, DC) -- After a rising surge from September through November, existing-home sales fell as expected in December after first-time buyers rushed to complete sales before the original November deadline for the tax credit.  However, prices rose from... Read More

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  Pending Home Sales Down from Surge but Higher than a Year Ago

  Posted by NATIONAL ASSOCIATION OF REALTORS 01/05/10 10:00 AM

  (WASHINGTON, D.C.) -- Contract activity for pending home sales fell after a surge of activity in preceding months to beat the original deadline for the first-time home buyer tax credit but remains comfortably above a year ago, ... Read More

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  Home Buyers Rely on FHA Loans

  Posted by NATIONAL ASSOCIATION OF REALTORS 12/29/09 2:42 PM

  Vicki Cox Golder (WASHINGTON, D.C.) -- According to the most recent Realtors Confidence Index, 39 percent of recent buyers purchased a home with a Federal Housing Administration-insured loan. Realtors who took part in the November survey also reported that the... Read More

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  Another Big Gain in Existing-Home Sales as Buyers Respond to Tax Credit

  Posted by NATIONAL ASSOCIATION OF REALTORS 12/22/09 10:10 AM

  (WASHINGTON, D.C) -- Existing-home sales rose again in November as first-time buyers rushed to close sales before the original November 30 deadline for the recently extended and expanded tax credit, ... Read More

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  FHA Mortgage Insurance Program Important to Housing Market and Recovery, Says NAR

  Posted by NATIONAL ASSOCIATION OF REALTORS 12/04/09 10:36 AM

  (WASHINGTON, D.C.) -- The Federal Housing Administration mortgage insurance program is a critical part of the American housing fabric and has never been more important than it is in today's market, NAR President Vicki Cox Golder told a congressional panel... Read More

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  Nine Consecutive Gains for Pending Home Sales

  Posted by NATIONAL ASSOCIATION OF REALTORS 12/01/09 10:01 AM

  (WASHINGTON, D.C.) -- Pending home sales have risen for nine months in a row, a first for the series of the index since its inception in 2001, according to the National Association of Realtors. Read More

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  NAR Installs 2010 Officers

  Posted by NATIONAL ASSOCIATION OF REALTORS 11/27/09 1:22 PM

  (WASHINGTON, D.C.) -- Vicki Cox Golder, a Realtor from Tucson, Ariz., was installed this month as 2010 president of the National Association of Realtors at the association's Board of Directors meeting during the Realtors recent Conference & Expo in San... Read More

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  NAR Reports Existing-Home Sales Record Another Big Gain, Inventories Continue to Shrink

  Posted by NATIONAL ASSOCIATION OF REALTORS 11/23/09 10:15 AM

  (WASHINGTON, D.C.) -- Driven by the first-time buyer tax credit, existing-home sales showed another big gain in October with a strong uptrend established over the past seven months, ... Read More

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  Commercial Real Estate Forecast Uncertain

  Posted by NATIONAL ASSOCIATION OF REALTORS 11/19/09 10:00 AM

  (WASHINGTON, D.C.) -- The recent deep economic downturn has had a pronounced impact on commercial real estate sectors, but credit availability is the big unknown that will determine how soon commercial markets recover, Read More

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  NAR Survey Shows First-Time Home Buyers Set Record in Past Year

  Posted by NATIONAL ASSOCIATION OF REALTORS 11/14/09 9:00 AM

  (SAN DIEGO, CA) -- First-time home buyers reached the highest market share on record during the past year, according to the latest consumer survey of home buyers and sellers.  The study was released here today at the 2009 Realtors Conference... Read More

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  Forecast Hopeful with First-Time Home Buyers Leading the Way, Says NAR

  Posted by NATIONAL ASSOCIATION OF REALTORS 11/13/09 2:02 PM

  (SAN DIEGO, CA) -- Aided by the home buyer tax credit, the outlook for housing and the economy appears headed for a sustainable recovery, according to the National Association of Realtors.Lawrence Yun Lawrence Yun, NAR chief economist, said the projections... Read More

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  Existing-Home Sales Surge in Many States in Third Quarter, Metro Prices Moderating

  Posted by NATIONAL ASSOCIATION OF REALTORS 11/10/09 10:00 AM

  (WASHINGTON, D.C.) -- Most states continued to experience rising existing-home sales in the third quarter, with prices moderating in many metro areas, according to the latest survey by the National Association of Realtors. Read More

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  NAR Commends Congressional Action to Extend Higher Mortgage Loan Limits

  Posted by NATIONAL ASSOCIATION OF REALTORS 11/03/09 3:05 PM

  (WASHINGTON, D.C.) -- The National Association of Realtors recently thanked Congress for speedy action in passing a congressional resolution last week that would extend the current higher Fannie Mae, Freddie Mac and FHA loan limits through 2010. The present loan... Read More

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  Pending Home Sales Rise for Record Eight Straight Months

  Posted by NATIONAL ASSOCIATION OF REALTORS 11/02/09 10:00 AM

  (WASHINGTON, D.C.) -- Pending home sales rose again, marking eight consecutive monthly gains - the longest streak since measurement began in 2001, ... Read More

• NAR Urges Congress to Keep Momentum Going With Housing Tax Credit

  Posted by NATIONAL ASSOCIATION OF REALTORS 10/28/09 8:44 AM

  (WASHINGTON, D.C.) -- Consumers are just starting to see the first glimmers of a bright future for the housing market and the overall economy. It's up to Congress to make that glimmer a reality by building on the momentum created... Read More

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  Existing Home Sales Up 9.4% in September, Says NAR

  Posted by NATIONAL ASSOCIATION OF REALTORS 10/23/09 10:10 AM

  (WASHINGTON, D.C.) -- Existing-home sales bounced back strongly in September with first-time buyers driving much of the activity, marking five gains in the past six months, according to the National Association of Realtors. Read More

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  Record Streak Continues for Pending Home Sales

  Posted by NATIONAL ASSOCIATION OF REALTORS 10/01/09 10:15 AM

  (WASHINGTON D.C.) -- Pending home sales have increased for seven straight months, the longest in the series of the index which began in 2001, according to the National Association of Realtors. Read More

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  Realtors Weather the Commercial Real Estate Market

  Posted by NATIONAL ASSOCIATION OF REALTORS 09/25/09 10:40 AM

  (WASHINGTON, D.C.) -- Realtors specializing in commercial real estate experienced a slowdown in sales transaction volume in 2008, but also reported an increase in commercial leasing volume, ... Read More

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  Existing-Home Sales Ease Following Four Monthly Gains

  Posted by NATIONAL ASSOCIATION OF REALTORS 09/24/09 10:32 AM

  (WASHINGTON, D.C.) -- Existing-home sales in August gave back some of their strong gain in July but remain above year-ago levels, according to the National Association of Realtors. Read More

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  Credit Crunch Constrains International Home Buyers in U.S. Market

  Posted by NATIONAL ASSOCIATION OF REALTORS 09/15/09 10:28 AM

  (WASHINGTON, D.C.) -- Interest in U.S. real estate by international buyers declined due to the worldwide recession and severe credit crunch, according to the 2009 National Association of Realtor ... Read More

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  NAR Launches New Short Sales and Foreclosure Certification Program

  Posted by NATIONAL ASSOCIATION OF REALTORS 09/03/09 12:30 PM

  (WASHINGTON, D.C.) -- Nearly one-third of all existing homes sold recently were either short sales or foreclosures, according to National Association of Realtors data. To help Realtors meet the needs of home buyers and sellers who need these services, ... Read More

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  Pending Home Sales on a Record Roll

  Posted by NATIONAL ASSOCIATION OF REALTORS 09/01/09 10:00 AM

  (WASHINGTON, D.C.) -- Contract activity for pending home sales has risen for six straight months, a pattern not seen in the history of the index since it began in 2001, according to the National Association of Realtors. Read More

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  Strong Gain in Existing-Home Sales Maintains Uptrend

  Posted by NATIONAL ASSOCIATION OF REALTORS 08/21/09 10:10 AM

  (WASHINGTON, D.C.) -- For the first time in five years, existing-home sales have increased for four months in a row, according to the National Association of Realtors. Read More

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  Decline in Commercial Real Estate Sectors Appears to be Slowing

  Posted by NATIONAL ASSOCIATION OF REALTORS 08/19/09 10:00 AM

  (WASHINGTON, D.C.) -- Commercial real estate activity has suffered from a severe credit crunch for commercial sectors, sustained job losses and weak consumer spending, although the decline appears to be slowing. Read More

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  2nd Quarter Existing-Home Sales Rise in Most States, Helped by Affordable Metro Prices

  Posted by NATIONAL ASSOCIATION OF REALTORS 08/12/09 10:00 AM

  (WASHINGTON, D.C.) -- Existing-home sales in the second quarter showed healthy gains from the first quarter in the vast majority of states, and price declines have increased affordability ... Read More

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  Uptrend Continues in Pending Home Sales

  Posted by NATIONAL ASSOCIATION OF REALTORS 08/04/09 10:00 AM

  (WASHINGTON, D.C.) -- Pending home sales are up for the fifth consecutive month, the first time in six years for such a streak, according to the National Association of Realtors. The Pending Home Sales Index, a forward-looking indicator based on contracts signed in June, rose 3.6 percent ... Read More

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  Existing-Home Sales Up Again

  Posted by NATIONAL ASSOCIATION OF REALTORS 07/23/09 10:10 AM

  (WASHINGTON, D.C.) -- Existing-home sales rose for the third consecutive month with inventory easing and home prices declining less sharply in June, according to the National Association of Realtors. Read More

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  Pending Home Sales Record Fourth Straight Monthly Gain

  Posted by NATIONAL ASSOCIATION OF REALTORS 07/01/09 10:00 AM

  (WASHINGTON, D.C.) -- Pending home sales show a sustained uptrend, rising for four consecutive months with very favorable housing affordability and a first-time buyer tax credit boosting activity, ... Read More

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  Lexington Earns Ambassador City Designation for Helping Elderly, Disabled Keep Their Homes

  Posted by NATIONAL ASSOCIATION OF REALTORS 06/26/09 11:28 AM

  (WASHINGTON, D.C.) -- The National Association of Realtors and the U.S. Conference of Mayors have named Lexington, Ky., a 2009 Ambassador City for the success of two homeownership programs, Repair Affair and the Remodeling for Access and Mobility Program. The... Read More

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  May Existing-Home Sales Continue Rising Trend

  Posted by NATIONAL ASSOCIATION OF REALTORS 06/23/09 10:00 AM

  (WASHINGTON, DC) -- Sales of existing homes showed another gain in May, benefiting from favorable affordability conditions and a first-time buyer tax credit, Read More

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  A Vital Mortgage Market Needs Fannie Mae, Freddie Mac

  Posted by NATIONAL ASSOCIATION OF REALTORS 06/04/09 12:01 PM

  (WASHINGTON, D.C.) -- A secondary mortgage market model that includes some level of government participation is necessary to ensure affordable and available home mortgages. That is the message the National Association of Realtors ... Read More

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  First-Time Home Buyer Tax Credit for Closing Will Move Market

  Posted by NATIONAL ASSOCIATION OF REALTORS 06/03/09 10:20 AM

  (WASHINGTON, DC) -- Consumers across the country can now take advantage of a Federal Housing Administration program to allow qualified home buyers to apply the $8,000 tax credit when purchasing a home. Read More

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  Pending Home Sales Up for Three Months in a Row

  Posted by NATIONAL ASSOCIATION OF REALTORS 06/02/09 10:00 AM

  (WASHINGTON, DC) -- Record low mortgage interest rates boosted pending home sales for the third consecutive month, with some benefit now from the first-time buyer tax credit, according to the National Association of Realtors. The Pending Home Sales Index, a forward-looking indicator based on contracts signed ... Read More

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  Existing-Home Sales Rise in April

  Posted by NATIONAL ASSOCIATION OF REALTORS 05/27/09 10:12 AM

  (WASHINGTON, D.C.) -- Existing-home sales rose in April with strong buyer activity in lower price ranges, according to the National Association of Realtors. Existing-home sales - including single-family, townhomes, condominiums and co-ops - increased 2.9 percent ... Read More

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  Commercial Real Estate Hurt by Credit Crunch and Weak Economy

  Posted by NATIONAL ASSOCIATION OF REALTORS 05/20/09 10:01 AM

  (WASHINGTON, D.C.) -- The general economic downturn, complicated by a severe credit crunch in commercial real estate, is dampening commercial real estate activity. Read More

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  Realtors Explore Land Use Challenges, Opportunities

  Posted by NATIONAL ASSOCIATION OF REALTORS 05/19/09 12:01 PM

  (WASHINGTON, D.C.) -- Smart growth, the impact of military base development, flood and natural disaster insurance, and widespread pine beetle infestation were just a few of the breadth of issues that Realtors shared during the national town hall meeting at... Read More

• Realtors Help Buyers, Sellers Navigate Short Sale Transactions

  Posted by NATIONAL ASSOCIATION OF REALTORS 05/19/09 9:58 AM

  (WASHINGTON, D.C.) -- A short sale can be a good alternative for homeowners who can no longer make their mortgage payments and hope to avoid foreclosure; however, navigating these long and often confusing transactions can be challenging for even the... Read More

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  Realtors Use New Visa Types to Open Doors for Foreign Buyers

  Posted by NATIONAL ASSOCIATION OF REALTORS 05/18/09 12:50 PM

  (WASHINGTON, D.C.) -- Citizens of other countries represent an important segment of the U.S. home buying market, and now new special visa categories that allow foreign nationals to gain U.S. residency can help facilitate that process. Read More

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  Uniform Process for Short Sales Will Help Struggling Homeowners, Say Realtors

  Posted by NATIONAL ASSOCIATION OF REALTORS 05/15/09 1:03 PM

  (WASHINGTON, D.C.) -- Help is on the way for many homeowners who are facing foreclosure, thanks to new details under the Making Home Affordable Program announced today by the U.S. Treasury and the U.S. Department of Housing and Urban Development.The... Read More

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  Weak Economy and Lack of Credit Hobble Commercial Real Estate

  Posted by NATIONAL ASSOCIATION OF REALTORS 05/15/09 12:43 PM

  (WASHINGTON, DC) -- Credit availability and refinancing issues have seriously affected commercial real estate markets, but recent actions by the Federal Reserve may help ease the crisis, according to presentations at a commercial real estate forum today at the Realtors... Read More

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  Realtors See Buyers Returning to Market

  Posted by NATIONAL ASSOCIATION OF REALTORS 05/15/09 11:21 AM

  (WASHINGTON, D.C.) -- Historically high housing affordability and low mortgage interest rates, combined with buyer opportunities in the distressed sales market, have increased home sales in many areas of the country.Lawrence Yun "There has never been a better time to... Read More

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  Foreclosure and Short Sale Discounts Weigh Down Metro Area Median Prices

  Posted by NATIONAL ASSOCIATION OF REALTORS 05/12/09 10:00 AM

  (WASHINGTON, D.C.) -- First-time home buyers responding to improved affordability conditions, and lower prices of foreclosures and short sales, impacted metropolitan area median home prices in the first quarter, Read More

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  Realtors Push Mortgage Reform

  Posted by NATIONAL ASSOCIATION OF REALTORS 05/06/09 2:36 PM

  (WASHINGTON, DC) - Home buyers must be protected against mortgage lending abuses while being assured of access to affordable mortgages. Toward this end, the National Association of Realtors today expressed its support of H.R. 1728, ... Read More

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  Pending Home Sales Rise, Housing Affordability Near Record

  Posted by NATIONAL ASSOCIATION OF REALTORS 05/04/09 10:20 AM

  (WASHINGTON, D.C.) -- Pending home sales rose with many first-time buyers taking advantage of historically good housing affordability conditions, according to the National Association of Realtors®. Read More

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  March Existing-Home Sales Slip but First-Time Buyers Rise

  Posted by NATIONAL ASSOCIATION OF REALTORS 04/23/09 10:09 AM

  (WASHINGTON, D.C.) -- 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. Read More

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  FHA Key to Housing Rebound, Say Realtors

  Posted by NATIONAL ASSOCIATION OF REALTORS 04/09/09 10:54 AM

  (WASHINGTON, D.C.) -- 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 ... Read More

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  Gain Seen In Pending Home Sales, Housing Affordability Sets New Record

  Posted by NATIONAL ASSOCIATION OF REALTORS 04/01/09 10:50 AM

  (WASHINGTON, D.C.) -- 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 forward-looking indicator, ... Read More

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  2008 Second-Home Sales Decline; More Buyers Pay Cash

  Posted by NATIONAL ASSOCIATION OF REALTORS 03/30/09 10:00 AM

  (WASHINGTON, D.C.) -- 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 ... Read More

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  Existing-Home Sales Rise In February

  Posted by NATIONAL ASSOCIATION OF REALTORS 03/23/09 10:13 AM

  (WASHINGTON, D.C.) -- Existing-home sales increased in February, reversing losses in January. Even so, sales activity remains relatively soft, reflecting additional layoffs and buyers waiting for housing provisions in the economic stimulus package to take effect, ... Read More

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  Realtors Recommend Responsible Lending Principles

  Posted by NATIONAL ASSOCIATION OF REALTORS 03/12/09 4:39 PM

  (WASHINGTON, D.C.) -- Realtors care about protecting consumers from unfair lending practices and are important allies in those efforts. That is the message National Association of Realtors President Charles McMillan delivered to the House Financial Services Committee's Subcommittee on Financial Institutions ... Read More

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  Pending Home Sales Down But Housing Affordability At Record

  Posted by NATIONAL ASSOCIATION OF REALTORS 03/03/09 1:42 PM

  (WASHINGTON, D.C.) -- Pending home sales declined on the heels of a weakening economy and with some buyers waiting for clarity on housing stimulus provisions, according to the National Association of Realtors. Read More

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  Realtors Oppose MID Reduction in Administration Budget Plan

  Posted by NATIONAL ASSOCIATION OF REALTORS 03/02/09 7:39 PM

  (WASHINGTON, D.C.) -- The National Association of Realtors, which has supported the Obama administration's housing and stimulus plans, is opposed to the budget proposal that would reduce the mortgage interest deduction for thousands of families. In a letter sent today to President Obama, ... Read More

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  Realtors Endorse Obama's Recovery Plan Including Housing Stability, Health Care

  Posted by NATIONAL ASSOCIATION OF REALTORS 02/26/09 10:19 AM

  (WASHINGTON, D.C.) -- The National Association of Realtors expressed support of President Obama's broadened focus of the nation's economic recovery that stresses housing stability and making health care an important component of his economic revitalization strategy, in addition to "restarting... Read More

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  January Existing-Home Sales Fall, Inventory Down

  Posted by NATIONAL ASSOCIATION OF REALTORS 02/25/09 10:25 AM

  (WASHINGTON, D.C.) -- Existing-home sales declined in January with some buyers waiting to see how details of the economic stimulus package would affect them, according to the National Association of Realtors®. At the same time, inventories fell to a two-year low. Existing-home sales - including single-family, ... Read More

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  Commercial Real Estate Activity Continuing To Decline

  Posted by NATIONAL ASSOCIATION OF REALTORS 02/19/09 10:00 AM

  (WASHINGTON, DC) -- A sustained lack of credit and the economic slump will depress the commercial real estate market this year, according to a forward-looking index and forecast for the commercial real estate sectors published by the National Association of Realtors.® Read More

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  4th Quarter Metro Area Home Prices Down as Buyers Purchase Distressed Property

  Posted by NATIONAL ASSOCIATION OF REALTORS 02/12/09 9:59 AM

  (WASHINGTON, DC) -- Most metropolitan area median home prices, impacted by distressed sales, trended down in the fourth quarter from a year earlier. At the same time, existing-home sales rose in only six states, ... Read More

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  More Liquidity Needed to Avoid Crisis in Commercial Real Estate

  Posted by NATIONAL ASSOCIATION OF REALTORS 02/10/09 1:48 PM

  (WASHINGTON, DC)--A severe lack of credit threatens commercial real estate and poses significant risks for the whole economy, according to a National Association of Realtors® work group.Organized by NAR's Realtors® Commercial Alliance, the Commercial Economic Stimulus Work Group has... Read More

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  Realtors Recognize Importance of Keeping Big Banks Out of Real Estate

  Posted by NATIONAL ASSOCIATION OF REALTORS 02/05/09 9:00 AM

  (WASHINGTON, DC) -- Allowing large national banks to enter into real estate brokerage and property management could be devastating to the safety and security of the nation's economy, which is why the National Association of Realtors® has been calling for... Read More

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  Realtors Urge Congress to Help 'HOPE For Homeowners'

  Posted by NATIONAL ASSOCIATION OF REALTORS 02/05/09 8:18 AM

  (WASHINGTON, DC) -- The National Association of Realtors® today announced its support for new legislation introduced by House Financial Services Committee Chairman Barney Frank, D-Mass., that is designed to ease loan modifications and improve refinancing options for America's troubled homeowners... Read More

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  Pending Home Sales Show Healthy Gain

  Posted by NATIONAL ASSOCIATION OF REALTORS 02/03/09 9:55 AM

  (WASHINGTON, DC) -- Pending home sales increased as more buyers took advantage of improved affordability conditions, according to the National Association of Realtors. Read More

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  Realtor Recommendations Make Headway in House

  Posted by NATIONAL ASSOCIATION OF REALTORS 01/29/09 3:23 PM

  (WASHINGTON, D.C.) -- 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... Read More

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  Existing Home Sales Show Strong Gain in December

  Posted by NATIONAL ASSOCIATION OF REALTORS 01/26/09 10:07 AM

  (WASHINGTON, D.C.) -- 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 rate 1 of 4.74 million units in December from 4.45 million units in November. Read More

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  Realtors Welcome President Barack Obama

  Posted by NATIONAL ASSOCIATION OF REALTORS 01/21/09 10:08 AM

  (WASHINGTON, DC) -- The following is a statement by National Association of Realtors® President Charles McMillan: 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... Read More

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  Many Home Buyers Need Higher Loan Limits, Upper-End Stalled

  Posted by NATIONAL ASSOCIATION OF REALTORS 01/16/09 4:43 PM

  (WASHINGTON, D.C.) -- The drop in mortgage loan limits for conventional financing at the end of 2008 is hurting home sales and trade-up activity in higher price ranges across the country, according to the National Association of Realtors®. The latest existing-home sales data shows transactions under $400,000 are 3 percent below a year ago. Read More

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  Effective Implementation Critical for Home Buyer Tax Credit Success

  Posted by NATIONAL ASSOCIATION OF REALTORS 01/15/09 2:06 PM

  (WASHINGTON, DC) -- 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... Read More

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  House Bill Aims to Stabilize Housing, Addresses Foreclosures and Stimulus

  Posted by NATIONAL ASSOCIATION OF REALTORS 01/12/09 1:41 PM

  (WASHINGTON, DC) -- 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. Read More

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  Realtors Urge Congress to Increase FHA Funding

  Posted by NATIONAL ASSOCIATION OF REALTORS 01/12/09 1:27 PM

  (WASHINGTON, DC) -- 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.Charles McMillan "FHA insurance... Read More

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  Economic Slump Weakens Pending Home Sales

  Posted by NATIONAL ASSOCIATION OF REALTORS 01/06/09 10:00 AM

  (WASHINGTON) -- After holding fairly stable for a year, pending home sales declined in the face of job losses and an eroding economy. Read More

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  Existing-Home Sales Decline in Economic Uncertainty

  Posted by NATIONAL ASSOCIATION OF REALTORS 12/23/08 9:23 AM

  (WASHINGTON, DC) -- Existing-home sales weakened against a backdrop of an eroding economy, according to the National Association of Realtors®.Existing-home sales -- including single-family, townhomes, condominiums and co-ops - fell 8.6 percent to a seasonally adjusted annual rate of 4.49... Read More

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  Fed Action Creates Best Interest Rates in 50 Years, Realtors Report

  Posted by NATIONAL ASSOCIATION OF REALTORS 12/19/08 7:44 PM

  (WASHINGTON, DC) -- The National Association of Realtors® applauds the actions of the Federal Reserve Board in lowering interest rates for home buyers and homeowners who need to refinance. This will significantly impact housing sales, home valuations, and the nation's... Read More

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  Commercial Real Estate Outlook Dampened

  Posted by NATIONAL ASSOCIATION OF REALTORS 12/17/08 10:40 AM

  (WASHINGTON, DC) -- With the exception of cash transactions, investment activity in commercial real estate sectors is nearly at a standstill because commercial lending has essentially halted, while job losses are curtailing the demand for space, according to the latest... Read More

• Realtors Push for 4.5 Percent Interest Rate Buy-Down

  Posted by NATIONAL ASSOCIATION OF REALTORS 12/16/08 9:56 AM

  (WASHINGTON, DC) -- A federal mortgage interest buy-down program would help spark the housing market, the National Association of Realtors® said in a letter sent today to James B. Lockhart, chairman of the Oversight Board of the Federal Housing Finance... Read More

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  Realtors Strongly Support Donovan Nomination as Head of HUD

  Posted by NATIONAL ASSOCIATION OF REALTORS 12/15/08 11:25 PM

  (WASHINGTON, DC) -- The National Association of Realtors® applauds President-elect Barack Obama's selection of Shaun Donovan as Secretary of the U.S. Department of Housing and Urban Development. "Strong leadership is needed at this critical time in our economy and in... Read More

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  Pending Home Sales Holding In Stable Range

  Posted by NATIONAL ASSOCIATION OF REALTORS 12/09/08 10:00 AM

  (WASHINGTON, DC) - Pending home sales eased against a deteriorating economic backdrop but remain in a stable range, according to the National Association of Realtors®. The Pending Home Sales Index, a forward-looking indicator based on contracts signed in October, slipped... Read More

• A Housing-driven Recovery

  Posted by NATIONAL ASSOCIATION OF REALTORS 12/08/08 12:35 PM

  It's a good bet the economic picture will remain highly uncertain as we head into 2009. Yet there's good reason to believe the housing market has turned the corner. Housing in some of the country's hottest markets during the boom... Read More

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  Curb Appeal Matters Now More Than Ever, Say Realtors

  Posted by NATIONAL ASSOCIATION OF REALTORS 12/02/08 6:42 PM

  (WASHINGTON, DC) - For the second year in a row, Realtors® report that exterior remodeling projects return the most money as a percentage of cost, as detailed in the 2008 Remodeling Cost vs. Value Report. On a national level, wood deck additions and all types of siding replacements - upscale fiber cement, midrange vinyl, and upscale foam-backed vinyl - returned more than 80 percent of project costs upon resale. Read More

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  Maintaining Separation of Banking and Commerce is Critical, Say Realtors

  Posted by NATIONAL ASSOCIATION OF REALTORS 11/25/08 4:43 PM

  (WASHINGTON, DC) - The National Association of Realtors® in a letter to Federal Reserve Board Chairman Ben Bernanke has expressed deep concern over GMAC's application for bank holding company status."NAR continues to support the separation of banking and commerce," said... Read More

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  Existing-Home Sales Soften on Economic Volatility

  Posted by NATIONAL ASSOCIATION OF REALTORS 11/24/08 1:29 PM

  (WASHINGTON, DC) - Existing-home sales declined on the heels of a strong gain in September as uncertainty and economic concerns increased in October, according to the National Association of Realtors®.Existing-home sales - including single-family, townhomes, condominiums and co-ops - fell... Read More

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  Commercial Real Estate Index Shows Slowing Activity Expected

  Posted by NATIONAL ASSOCIATION OF REALTORS 11/20/08 5:03 PM

  (WASHINGTON, DC) - The economic downturn will slow commercial real estate markets into 2009, according to a forward-looking index for the commercial real estate sectors published by the National Association of Realtors. Lawrence Yun Lawrence Yun, NAR chief economist, said... Read More

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  Home Prices Rise In Some Metros, Buyers More Active In Other Areas

  Posted by NATIONAL ASSOCIATION OF REALTORS 11/18/08 10:02 AM

  (WASHINGTON, DC) - Four out of five metropolitan areas recorded lower home prices in the third quarter from a year earlier, while existing-home sales fell in 32 states from the second quarter, according to the latest quarterly survey by the... Read More

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  Realtors Prepping for Buyers and Sellers in a World Market

  Posted by NATIONAL ASSOCIATION OF REALTORS 11/17/08 3:40 PM

  (WASHINGTON, DC) - As real estate markets across the world become increasingly globalized, Realtors® and their counterparts in other countries are poised to help international consumers take advantage of homeownership and real estate investment opportunities in the U.S. and abroad."Realtors®... Read More

• Obama Victory: What It Means for Real Estate

  Posted by NATIONAL ASSOCIATION OF REALTORS 11/12/08 11:52 AM

  (WASHINGTON, DC) - With the election of Sen. Barack Obama (D-Ill.) as president of the United States, and gains by Democrats in U.S. House and Senate races, one big questions is on many REALTORS®' minds: How will the new government... Read More

• Realtors Against GSE Privatization

  Posted by NATIONAL ASSOCIATION OF REALTORS 11/12/08 11:49 AM

  (WASHINGTON, DC) - To insure that there is sufficient capital to support mortgage lending to qualified borrowers, the National Association of Realtors® has adopted principles that recommend continued government involvement in the secondary mortgage market."As the leading advocate for housing... Read More

• NAR Selects New Bilateral Partners

  Posted by NATIONAL ASSOCIATION OF REALTORS 11/09/08 11:00 PM

  (ORLANDO, FL) - Today's real estate market knows no borders, which is why the National Association of Realtors has been expanding its network of business partnerships around the world and has recently established new bilateral agreements with seven national partners... Read More

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  Pending Home Sales Down On Tight Credit And Economic Slowdown

  Posted by NATIONAL ASSOCIATION OF REALTORS 11/09/08 6:30 PM

  (ORLANDO, FL) - Pending home sales fell on the heels of a strong gain a month earlier as credit tightened and economic conditions deteriorated, according to the National Association of Realtors®. The Pending Home Sales Index declined 4.6 percent to 89.2 from an upwardly revised reading of 93.5 in August, but is 1.6 percent higher than September 2007 when it stood at 87.8. Read More

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  No Economic Recovery Without Housing Stabilization, Say NAR

  Posted by NATIONAL ASSOCIATION OF REALTORS 11/03/08 3:22 PM

  (WASHINGTON, DC) - The National Association of Realtors® has stepped up its challenge to lawmakers encouraging them to take new, decisive actions to address the continuing problems in the housing industry, as well as the ongoing economic crisis.Richard Gaylord"Our members... Read More

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  Existing-Home Sales Rise on Improved Affordability

  Posted by NATIONAL ASSOCIATION OF REALTORS 10/29/08 9:07 PM

  (WASHINGTON, DC) - Existing-home sales increased last month as buyers responded to improved housing affordability conditions, according to the National Association of Realtors®.Lawrence YunExisting-home sales - including single-family, townhomes, condominiums and co-ops - rose 5.5 percent to a seasonally adjusted... Read More

• The Credit Crunch and the Pain of Deleveraging

  Posted by NATIONAL ASSOCIATION OF REALTORS 10/29/08 5:00 PM

  We're currently experiencing a credit crunch: credit is not flowing. It isn't flowing because the banks are holding onto whatever cash they have. Banks are holding the cash, rather than lending, in order to be able to meet the unpleasant... Read More


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