Buyer income annual increase of 22% is largest on record (from $88,000 in 2022 report); down payments jumped to highest percentages in two decades.
News Releases
Eleven percent of the metro areas NAR tracked registered double-digit price increases in Q3 2023, up from 5% in the second quarter, and the 30-year fixed mortgage rate ranged from 6.81% to 7.31%.
The tracker aims to educate the public and Congress as it considers FEMA's legislative proposals to reform the National Flood Insurance Program, including an unnecessary and misguided disclosure form proposal.
REALTORS® from across the country and the world will converge on Anaheim, California, November 14–16 for 2023 NAR NXT, The REALTOR® Experience.
Nykia Wright has been appointed interim Chief Executive Officer, starting November 20, 2023. Bob Goldberg, who announced his planned retirement in June of this year, will serve as an executive consultant to NAR to help support the transition.
NAR's 2024 statistical and quarterly economic forecast news release schedule is now available.
The 2024 cohort of companies offers a remarkable range of diverse solutions that leverage REACH's rapidly expanding global presence.
IRAR provides discounted self-directed IRAs and solo 401(k) accounts to NAR members, their families, and association staff at the national, state and local levels.
"America is facing a more than $4 trillion underinvestment in housing that has left us short some 5.5 million homes. With this, NAR is extremely appreciative of the Administration’s work to bring attention to and help address this critical, nationwide problem," said NAR President Tracy Kasper.
Pending contracts remain at historically low levels due to the highest mortgage rates in 20 years.