Home prices have held up well, largely due to the combination of a very strong demand for housing and a limited supply of homes for sale.
NAR President Vince Malta says that while NAR appreciates White House efforts to ensure struggling Americans can remain in their homes, it is disappointed in the administration's decision to not tie an eviction moratorium with rental assistance. NAR urges a bipartisan resolution protecting both renters and housing providers.
The American Dream Down Payment Act would allow savings for the down payment on a principal residence to grow tax-free, offering a responsible and commonsense approach to the multi-faceted problem of housing affordability in America.
Between April 2019 and March 2020, foreign buyers purchased 154,000 existing homes in the U.S., down 16% from the prior year.
This year’s summit was precipitated by recent research suggesting home valuation processes could be influencing the wealth gap between White and Black households in America.
NAR has secured exclusive savings for its 1.4 million members with the San Francisco-based company, including reductions in initial set-up fees and ongoing lead verification discounts.