Despite job growth in recent years, new home construction is too low in most metro areas, feeding housing shortages and unhealthy price growth.
Pending home sales were mostly unchanged in July, but rose modestly for the sixth time in seven months.
The annual award honors REALTORS® who volunteer in their communities and improve the quality of life in their neighborhoods.
Existing-home sales rose for the third consecutive month in July, with low inventory and rising prices slowing sales to first-time buyers.
A climb in home sales and insufficient supply caused home prices to steadily rise in most metro areas in the second quarter of 2015.
Real estate firms are confident in the industry’s future growth and increasing profitability, according to the 2015 NAR Profile of Real Estate Firms.
NAR has appointed global creative agency Arnold Worldwide as agency of record, effective immediately.
After five consecutive months of increases, pending home sales slipped in June but remained near May’s level, the highest in over nine years.
Millennials prefer walking over driving by a substantially wider margin than any other generation.
Existing-home sales increased in June to an eight-year high, while rising demand and limited supply pushed the median sales price to an all-time high.