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The sales pace in the final three months of 2016 pushed available housing supply to record lows and caused price appreciation to slightly speed up.
Affordability pressures, student debt and possible confusion about down payment requirements keep many aspiring homeowners from reaching the market.
Pending home sales picked up in December as solid increases in the South and West offset weakening activity in the Northeast and Midwest.
NAR is now accepting nominations for REALTOR® Magazine’s Good Neighbor Awards, for Realtors® who have helped others through community service.
The Volunteering Works program, which pairs mentors with Realtors® who want to expand their community service outreach, is now seeking entries.
2016 existing-home sales were the best in a decade, even as sales declined in December due to high prices and historically low supply levels.
Lower costs are coming for homebuyers seeking a Federal Housing Administration-insured mortgage.
Pending home sales fell to their lowest levels in nearly a year as rising mortgage rates and low inventory discouraged would-be buyers.
After 36 years of service, NAR CEO Dale Stinton will retire in 2017. An executive search firm has been retained to find Stinton’s replacement.