Existing-home sales continued to recover in the first quarter with gains recorded in 49 states and the District of Columbia, while 22 percent of the available metropolitan areas saw prices rise from a year ago, according to the latest survey by the National Association of Realtors®.
A panel of industry experts told several thousand Realtors® gathered at a special symposium that the pendulum on mortgage credit has swung too far in the other direction after the recent housing downturn and is putting an unnecessary burden on creditworthy consumers, impeding the economic and housing market recoveries.
Realtors® from across the country are meeting with legislators, public policy makers and industry leaders this week to address pressing concerns and issues that affect home owners, aspiring home owners and real estate investors everywhere.
Commercial members of the National Association of Realtors® will have greater access to commercial information exchange data through a new mobile application by ePropertyData.
March saw another increase in pending home sales, with contract activity rising unevenly in six of the past nine months.