In August 2023, existing-home sales improved in the Midwest, were unchanged in the Northeast, and slipped in the South and West. All four regions recorded year-over-year sales declines.
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The current real estate market's high home prices and mortgage rates, as well as limited inventory, are the top reasons that Realtors® and prospective home buyers across races and ethnicities cite as barriers to purchasing a home.
These NAR members exemplify the essence of what it means to be a good neighbor, turning their passion and dedication into real-world change.
Productive.ai uses AI to enhance phone calls, pulling real-time information from phone conversations and providing automatic notes, summaries, tasks, events and CRM logging.
The small gain in contract signings shows the potential for further increases, however, rising mortgage rates and limited inventory have temporarily hindered the possibility of buying for many.
Existing-home sales fell 2.2% in July to a seasonally adjusted annual rate of 4.07 million. Sales receded 16.6% from one year ago.
Funds from the REALTORS® Relief Foundation will be made available to the public to assist with the Maui disaster victims’ housing payments as relief and recovery efforts continue.
Five percent of the 221 tracked metro areas registered double-digit price increases during Q2 2023, down from 7% in Q1.
Twenty REALTORS® from across the country have been chosen to participate in the 10-month program, which prepares emerging state and local volunteers for future leadership positions at NAR.
The Homebuyers Insurance Handbook clearly explains how purchasing a homeowners insurance policy with the right type and amount of coverage protects a homeowner’s investment and financial future.