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Income and sales transactions of NAR commercial members decreased slightly as the number of new commercial members significantly increased in 2015.
Pending home sales crept slightly higher as supply and high prices prevented a bigger boost in activity despite low mortgage rates.
Boosted by increased sales to first-time buyers, existing-home sales continued to rise in June, up for the fourth consecutive month.
The U.S. Senate passed legislation long supported by NAR that includes reforms to FHA restrictions on condo financing, among other provisions.
Roughly three-quarters of surveyed households think now is a good time to buy a home, but student debt and high prices are keeping many from buying.
Slow economic growth in many countries, higher home prices, and a strong U.S. dollar led to a decline in home buying from non-resident foreigners.
Flood insurance costs put small businesses and homeownership at risk, but NAR told U.S. Senators today that a range of solutions are on the horizon.
After steadily increasing for three months, pending home sales let up in May and declined year-over-year for the first time in almost two years.
The Members' Gift Galleria is an exclusive shopping site for REALTORS®, association staff, and their families.
Sales were up in May, and the rise in demand this spring amidst low supply levels pushed the median sales price to an all-time high.