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REALTORS® cannot support a bill that takes homeownership off the table for millions of middle-class families.
NAR kicks off its annual conference in Chicago today with a focus on education and opportunity. More than 20,000 Realtors® and guests from around the world are expected to attend.
Severely lacking inventory levels across the country pinched sales growth and kept home prices rising at a steady clip in nearly all metro areas in the third quarter.
Despite solid interest in buying a home – sparked by steady job gains, record low mortgage rates and higher rents – the severe drought in housing supply in much of the country over the past year accelerated price growth and kept many first-time buyers out of the market.
Pending home sales were unchanged in September, but activity declined on an annual basis both nationally and in all major regions.