Pending home sales stabilized in Nov. with a slight gain, according to NAR. Monthly increases in the South and West offset declines in the Northeast and Midwest.
Existing-home sales fell in November, although median prices continue to show strong year-over-year growth.
NAR President Steve Brown confirmed that NAR is a strong supporter of the Federal Housing Administration and its vital role in the mortgage marketplace.
NAR commends the U.S. Senate today for approving the nomination of Rep. Melvin Watt for the position of Federal Housing Finance Agency (FHFA) director.
NAR Applauds House Passage of Legislation to Protect Realtors® from Frivolous Patent Infringement Lawsuits
Today the U.S. House of Representatives passed legislation which will help curb abusive patent litigation and licensing schemes that can hurt REALTORS®.
REALTORS® welcome today's Federal Housing Finance Agency announcement that current limits on conforming loans will remain unchanged.
With mixed conditions across the country, pending home sales were down in October, the fifth consecutive monthly decline.
Commercial real estate leasing patterns are showing steady but modest growth.
Realtors® applaud new rules from the Consumer Financial Protection Bureau that will help home buyers receive timely, accurate, and easy-to-understand information about their mortgage loan before closing.
Existing-home sales declined for the second consecutive month in October, while low inventory means home prices continue to rise.