Pending contracts remain at historically low levels due to the highest mortgage rates in 20 years.
News Releases
![Apartment/Condo complex with newly planted landscaping Apartment/Condo complex with newly planted landscaping](https://cdn.nar.realtor/sites/default/files/styles/inline_image_auto_height__287_/public/apartment-condo-complex-with-newly-planted-landscaping-gettyimages-1150016488-1300w-867h.jpg?itok=GYi4uT53)
The Affordable Workforce Housing Symposium brought together experts from across government, local businesses, and community leaders.
October 11, 2023
Media Contact:
Tori Syrek ![A message from Tracy Kasper video still](/sites/default/files/styles/inline_image_auto_height__287_/public/downloadable/message-from-tracy-kasper-1280x720-2023-09-07_0.png?itok=_ETa-bGM)
"On behalf of NAR, I'd like to extend my heartfelt condolences to all of our friends in Israel impacted by the horrific attacks that began this weekend," said NAR President Tracy Kasper.
![Good Neighbor Award Winners 2023](https://cdn.nar.realtor/sites/default/files/styles/inline_image_auto_height__287_/public/nar_gna_winners_1200_x_628_7_8_23_ir23.png?itok=y2may0f4)
The 2023 winners exemplify a tireless commitment to serving their communities and working to make life better for people in their neighborhoods.
![Smiling white-haired Latinx woman in a meeting Smiling white-haired Latinx woman in a meeting](https://cdn.nar.realtor/sites/default/files/styles/inline_image_auto_height__287_/public/smiling-white-haired-latina-woman-in-a-meeting-GettyImages-1129489636-1300w-867h.jpg?itok=P087yE3h)
Housing affordability, maintaining sufficient inventory and keeping up with technology were among the biggest challenges cited for firms in the next two years, according to the 2023 Profile of Real Estate Firms by the National Association of REALTORS®.
October 4, 2023
Media Contact:
Lauren Cozzi 202-383-1178![Man behind the counter of a marijuana dispensary Man behind the counter of a marijuana dispensary](https://cdn.nar.realtor/sites/default/files/styles/inline_image_auto_height__287_/public/man-behind-counter-of-marijuana-dispensary-GettyImages-581032295-1300w-867h.jpg?itok=tnvgLMwO)
The SAFER Banking Act promotes safety and ensures continued expansion of the American economy while providing clarity for business owners, banks, and regulators in the cannabis industry.
September 27, 2023
Media Contact:
Tori Syrek ![Large multi-ethnic group of people Large multi-ethnic group of people](https://cdn.nar.realtor/sites/default/files/styles/inline_image_auto_height__287_/public/large-multi-ethnic-group-of-people-gettyimages-dv1954035-1300w-867h.jpg?itok=ivKoOHvZ)
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.
September 14, 2023
Media Contact:
Lauren Cozzi 202-383-1178![Volunteers wearing matching t-shirts sitting in a circle and stacking hands Volunteers wearing matching t-shirts sitting in a circle and stacking hands](https://cdn.nar.realtor/sites/default/files/styles/inline_image_auto_height__287_/public/volunteers-wearing-matching-tshirts-sitting-in-a-circle-stacking-hands-gettyimages-1391554503-1300w-867h.jpg?itok=mz1dCTRD)
These NAR members exemplify the essence of what it means to be a good neighbor, turning their passion and dedication into real-world change.
August 31, 2023
Media Contact:
Spencer High 202-383-1051![2023 iOi Pitch Battle winner Productive.ai](https://cdn.nar.realtor/sites/default/files/styles/inline_image_auto_height__287_/public/2023_pb-winner-stage-photo_1300x867px.png?itok=CASiic3_)
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.
![Spanish style single level home with palm trees in yard Spanish style single level home with palm trees in yard](https://cdn.nar.realtor/sites/default/files/styles/inline_image_auto_height__287_/public/spanish-style-single-level-home-with-palm-trees-in-yard-gettyimages-182007446-1300w-867h.jpg?itok=3FvQVrR7)
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.
August 30, 2023
Media Contact:
Lauren Cozzi 202-383-1178