Pending home sales declined in September, although activity remains above a year ago.
Existing-home sales were down in September on the heels of a strong gain in August, but remain well above a year ago.
America needs strong housing policies that ensure a robust recovery and do not further weaken the nation’s housing market. That was one of several recommendations resulting from the bipartisan New Solutions for America’s Housing Crisis forum on October 4 and endorsed by the National Association of Realtors®.
Owning a home has had long-standing government support in the U.S. because homeownership benefits individuals and families, strengthens communities, and is integral to the nation’s economy, the National Association of Realtors® said in testimony today.
“Today, witnesses before the Senate Finance Committee were in complete agreement that now is not the time to make changes to the mortgage interest deduction. NAR is pleased that a range of witnesses testifying at the committee’s hearing on tax incentives for homeownership reinforced the message Realtors® have been delivering to Washington: do no harm."
National Association of Realtors® President Ron Phipps issued a statement urging Congress to institute a longer term extension of the National Flood Insurance Program.
We need to keep housing first on the nation’s public policy agenda, because housing and homeownership issues affect all Americans, and a housing recovery is necessary for the nation’s economic well-being.
Pending home sales slipped in August with a mixed regional performance but are higher than a year ago.
To address a nationwide shortage of workforce housing, the National Association of Realtors®, in partnership with the National Housing Conference, will host a forum today in Washington, D.C.
Improving access to affordable mortgage financing for qualified home buyers and investors and committing additional resources to loan modifications and short sales will help reduce current and future inventories of real estate owned (REO) properties held by government agencies, according to the National Association of Realtors®.