Pending home sales rose in May to the highest level since late 2006, implying a possible spark as mortgage interest rates began to rise.
The Environmental Protection Agency must justify its efforts to apply new lead paint regulations to public and commercial properties, Realtor® Harold Huggins testified at a public hearing today on behalf of the National Association of Realtors® and its affiliates, the Institute for Real Estate Management and the CCIM Institute.
Global interest in U.S. properties continues to grow, signaling that America continues to be regarded by international buyers as a great place to own property.
Existing-home sales improved in May and remain solidly above a year ago, while the median price continued to rise by double-digit rates from a year earlier.
Congress should consider redefining the new ability-to-repay requirements for Qualified Mortgages to avoid limiting affordable borrowing options for creditworthy buyers, said the National Association of Realtors® today in testimony before the House Financial Services Committee.
Pending home sales improved slightly in April and continue to be well above a year ago. Gains in the Northeast and Midwest were offset largely by declines in the West and South.
With vacancy rates modestly falling and rents moderately rising in commercial real estate sectors, market fundamentals have improved, but financing remains a challenge for small business.
Realtors® who practice commercial real estate have reported an increase in annual gross income for the third year in a row, signaling the market is on the road to recovery.
Existing-home sales rose in April but remain below underlying demand because of limited inventory and tight credit. All regions are showing strong price gains from a year ago.
The shape of homeownership and housing markets has changed dramatically over time and will continue to change in the face of new housing opportunities and challenges.