Tools For Recovery April's pending home sales index was the first increase in many months. But what's down the road for home sales? NAR's official forecast for housing and the economy takes into account a number a developments - both in the housing "trenches" and in the policy boardrooms - that could help housing recover. Read more >

Who are REALTORS®?

NAR has been surveying its members about their professional and personal characteristics for years. In the latest, 2008 NAR Member Profile, some changes in the demographics of REALTORS® are evident. For a look at the latest, see our Market Intelligence feature this month.
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Subprime Mortgage Meltdown

Foreclosures make headlines, and legislators get great coverage with their focus on trying to stem the tide of foreclosures. Where were those foreclosures and what is the outlook for the future? George Ratiu gives us an overview.
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Existing Home Sales

Existing-home sales slowed in April, declining 1.0 percent from the previous month to a seasonally adjusted annual rate of 4.89 million units, and off 17.5 percent below the pace in April 2007. March's resales figures were revised upward to 4.94 million seasonally adjusted annualized units. The national median existing-home price for all housing types was $202,300 in April, 8.0 percent below a year ago. It's important to note that because the slowdown in sales from a year ago is greatest in high-cost areas, there is a downward distortion to the national median with relatively more sales in low- and moderate-priced markets. Some areas where local economies are solid are showing price gains. Total housing inventory at the end of April rose 10.5 percent to 4.55 million existing homes available for sale -- an 11.2-month supply at the current sales pace.
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Did You Miss....

...the Research forums at the NAR Midyear Meetings? If so, don't worry. Presentations made by NAR Chief Economist Lawrence Yun and others are available at our web site.
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Real Estate Insights

Lawrence Yun, NAR Chief Economist
Paul Bishop, Managing Director, NAR Research

Harika "Anna" Barlett, Senior Research Analyst
Wannasiri Chompoopet, Manager of Housing Statistics
Keunwon Chung, Data Research Analyst
Stephanie Davis, Office Manager
Thomas J. Doyle, Research Marketing Manager
Meredith Dunn, Communications Representative
Ken Fears, Manager, Regional Economics
Danielle Hale, Research Economist
Michael Hyman, Research Assistant
Jessica Lautz, Senior Research Analyst
Scott MacIntosh, Senior Commercial Economist
George Ratiu, Research Economist
Jed Smith, Managing Director, Quantitative Research
Caroline Van Hollen, Administrative Coordinator

Copyright ©2008 NATIONAL ASSOCIATION OF REALTORS®. Reproduction or reprinting in any form is prohibited without written permission. Editorial questions and requests to reprint articles should be directed to Meredith Dunn at 202/383-1207, or via e-mail at insights@realtors.org.