The uptrend in existing-home sales continues, with January sales rising for the third consecutive month with a pace that is now above year-ago levels.
The National Association of REALTORS® welcomes the Obama Administration’s call for an orderly transition from the current form of the secondary mortgage market to a new structure that would enable Americans to achieve affordable, sustainable mortgages.
Home sales rebounded in 49 states during the fourth quarter with 78 markets – just over half of the available metropolitan areas – experiencing price gains from a year ago, while most of the rest saw price weakness, according to the latest survey by the National Association of REALTORS®.
Continued government participation in the secondary mortgage market is essential to ensuring affordable and available home mortgages to qualified consumers when private lenders withdraw from the market, according to the National Association of Realtors®’ recommendations for restructuring the government-sponsored enterprises.
The National Association of Realtors® applauds the Federal Housing Finance Agency for moving ahead with a proposed rule to restrict government-sponsored enterprises Fannie Mae and Freddie Mac and the 12 Federal Home Loan Banks from investing in mortgages encumbered by private transfer fee covenants.
Pending home sales improved further in December, marking the fifth gain in the past six months.
Realtors® who work with buyers now have a new resource available through the ABR® App for the iPhone. Available now through the iTunes store, this new benefit will help Accredited Buyer’s Representative (ABR®) designees grow their business while also connecting with home buyers.
Existing-home sales rose sharply in December, when sales increased for the fifth time in the past six months.
A substantial majority of both home owners and current renters agree that owning a home is a smart decision over the long term. That’s according to the results of a National Association of Realtors® survey of 3,793 adults conducted online by Harris Interactive.
REALTOR® Magazine’s Good Neighbor Society is seeking entries for Volunteering Works, a program that matches Realtors® who would like to expand their community service outreach with a mentor who is already a successful volunteer leader.