The articles on this page are samples of media coverage related to the Power of 'R' messages.
The Wall Street Journal
(August 21, 2014) Sales of existing homes increased 2.4% last month from June to a seasonally adjusted annual rate of 5.15 million, the National Association of Realtors said Thursday. It was the fourth consecutive month that sales rose from the prior month, though sales in July were down 4.3% from a year earlier.
(August 18, 2014) The National Association of Realtors (NAR) is announcing today that the new .REALTOR top-level domains will be available as of October 23rd to NAR and CREA (the Canadian Real Estate Association) members only. They’ve spent the last seven years in the application process through the Internet Corporation for Assigned Names and Numbers (ICANN) which coordinates domains and IP addresses globally.
(August 17, 2014) Buying a home can be complicated, and being an out-of-state buyer can make it even more challenging. According to the National Association of Realtors, two in 10 buyers last year moved more than 100 miles. First, find a Realtor. Whether you are moving across the street or across the country, hiring a Realtor is the best move you can make. Having someone familiar with the area, neighborhoods and local market conditions is an invaluable asset.
(August 12, 2014) U.S. home prices are cooling slightly in some markets after two years of fast-paced recovery, the National Association of Realtors said Tuesday. Nationwide, the median price for existing single-family homes in the second quarter rose 4.4% from a year earlier, to $212,400. "The market is moving from being somewhat heated to a balanced market," says Lawrence Yun, chief economist for NAR. "We're returning to more moderate middle ground."
(August 09, 2014) Right now is a great time to buy a house. To understand why, I encourage you to spend a moment contemplating the chart above. What it shows is that the interest rate you pay on a mortgage matters a lot when it comes to the ultimate price of the American dream. When mortgage and housing industry experts discuss this, they refer to affordability -- more specifically, to the National Association of Realtors' housing affordability index.
(August 08, 2014) The nation's dominant credit-scoring system is being revised in a way that could save consumers nationwide billions of dollars, especially in qualifying for mortgages, auto loans and credit cards at lower interest rates. Anything that makes qualifying easier and cheaper should be welcome news, said Lawrence Yun, chief economist for the National Assn. of Realtors.
(Aug. 06, 2014) Low interest rates, foreign buyers and a gradual end to the foreclosure crisis are driving the modest turnaround in the nation's housing market, but there might be no better evidence of it than the number of people hoping to become brokers. NAR, which has more than a million brokers, salespeople, appraisers and other real estate professionals among its members, added 42,000 agents to its ranks in 2013, the first increase in seven years.
(Aug. 04, 2014) Leaders of the National Association of Realtors are advising members to get tough in their negotiations with real estate portals, and outlining steps that members can take. “This advice is provided as a way to emphasize that your listings, your data were acquired by you through tremendous work and effort, and a heck of a lot of money is being moved around in the marketplace predicated on you continuing to provide it,” NAR CEO Dale Stinton and NAR President Steve Brown said in a special report released by NAR.
(Aug. 04, 2014) Homeownership continues to fall, and younger Americans will push it even lower. As the economy improves, more people will buy homes, but younger Americans will wait longer. The typical age of a first-time homebuyer in 2002 was 31, according to the National Association of Realtors.
(July 30, 2014) Until you close, you can walk away for any reason but it'll likely cost you. Depending on the terms of your contract, you might lose some or all of any deposit paid when you submitted the offer (maybe $1,000) or, if you're close to closing, the earnest money (which itself could be up to half the down payment). Some contracts even have provisions that mean you could be held responsible for costs incurred by the seller as a result of the property being off (and now back on) the market, said Chris Polychron, president-elect for the National Association of Realtors.
MARKETWATCH — THE WALL STREET JOURNAL
(July 29, 2014) Typically, first-time buyers account for roughly 40% of all home sales; today they account for 28%, according to Lawrence Yun, chief economist for the National Association of Realtors. The reason: Slow job growth is making it harder for young would-be buyers to find good paying jobs, student debt load can be stifling and it’s harder for young buyers to meet today’s underwriting standards required to get a mortgage, he said.
(July 23, 2014) Existing-home sales showed more vigor in June, climbing for the third straight month to their fastest annual pace since October. Sales rose 2.6% to a seasonally adjusted annual rate of 5 million, the National Association of Realtors said Tuesday. May's rate was revised up to 4.91 million. Prices are rising more slowly than a year ago, but a short supply of homes for sale — particularly in the West — is creating upward pressure on prices, said Lawrence Yun, the National Association of Realtors' chief economist.
(July 20, 2014) The city has done well to build fundamentals such as co-working spaces, networking and mentorship to guide young startups as they get off the ground. “But I do think there are some areas where we fall short,” said Constance Freedman, managing director of Second Century Ventures, a Chicago-based venture fund for the real estate industry. Chiefly, she and other Chicago venture capitalists say, Chicago needs to get better at building young companies into self-sustaining firms.