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Lawrence Yun, chief economist of the National Association of Realtors®, said existing-home sales have shown a 20 percent cumulative increase over the past two years, while prices have gained 18 percent, but incomes have risen only 2 to 4 percent in the same timeframe.
The nation's housing markets gained traction in 2013, but lingering uncertainties will prevent a full housing market recovery, according to 2014 NAR President Steve Brown in a news conference today.
This year, the National Association of REALTORS® celebrates the 100th anniversary of the REALTORS® Code of Ethics.
NAR has launched a member awareness campaign and priority registration for the .REALTOR top-level domain.
During this year's conference, "Rise to New Heights," Realtors® will engage industry leaders and federal officials about Realtors®' top legislative priorities, the changing regulatory landscape, and the obstacles and opportunities facing consumers, real estate markets and the economy.
Realtors® Join Habitat for Humanity of Greater San Francisco to Create Housing Opportunities for Area Residents
REALTORS® joined forces with Habitat for Humanity of Greater San Francisco to help construct a multifamily housing development.
The majority of metropolitan areas in the third quarter experienced robust year-over-year price gains, with the national median price showing the strongest annual growth in nearly eight years.
The latest research shows that unnecessarily tight mortgage lending standards are preventing some financially qualified buyers from reaching their dreams.
Research by the National Association of Realtors® has consistently revealed that Americans prefer walkable, mixed-use neighborhoods and shorter commutes.
NAR believes that aligning the QRM definition with the QM definition removes the risky product features and low- or no-documentation lending that led to increased defaults, without excluding those buyers who are unable to afford a high down payment.