NAR commends President Obama for his remarks in support of homeowners and the struggling housing market during tonight’s State of the Union address. As leading advocates for homeownership, REALTORS® know that restoring the health of the housing market is the only way to achieve a broader economic recovery.
HouseLogic.com has launched a new online sweepstakes. Readers who leave comments on a blog featured at the site will have a chance to win a $100 Visa gift card. The sweepstakes is part of a special do-it-yourself blog series, “Water-Wise Bathroom Redo.”
Lawrence Yun, NAR chief economist, said these are early signs of what may be a sustained recovery. “The pattern of home sales in recent months demonstrates a market in recovery,” he said. “Record low mortgage interest rates, job growth and bargain home prices are giving more consumers the confidence they need to enter the market.”
Since it opened in May 2009, the REALTORS® Federal Credit Union has become a significant benefit among National Association of Realtor® members, offering a diverse portfolio of services and products. Since then, REALTORS® FCU has experienced unprecedented growth in membership.
REALTORS® have always been active in their communities, and thanks to REALTOR® Magazine’s Good Neighbor Society, they can become even bigger assets to those in need through the Volunteering Works program. The program, which matches REALTORS® who would like to expand their community service outreach with a mentor, is now seeking entries
Continuing education is now available in 20 states across the country for several courses including some of NAR’s most popular certifications and designations, which include ABR®, GREEN, SRES®, AHWD, BPOR, e-PRO®, SFR, and RPR™.
Stabilizing and restoring the health of the housing market is critical to a broader economic recovery, according to a white paper released yesterday by the Federal Reserve Board. Many of the issues and recommendations outlined in the paper support key principles established by NAR to help revitalize the housing industry and economy.
The Pending Home Sales Index, a forward-looking indicator based on contract signings, increased 7.3 percent to 100.1 in November from an upwardly revised 93.3 in October and is 5.9 percent above November 2010 when it stood at 94.5. The October upward revision resulted in a 10.4 percent monthly gain.
Existing-home sales rose again in November and remain above a year ago, according to the National Association of Realtors®. Also released today were periodic benchmark revisions with downward adjustments to sales and inventory data since 2007, led by a decline in for-sale-by-owners.
Realtors® recently rated many exterior improvements as among the most valuable home investment projects as part of the 2011-12 Remodeling Cost vs. Value Report.