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Existing-home sales grew for the second consecutive month in March, but lagging inventory levels and affordability constraints kept sales activity below year ago levels.

Housing affordability is down from a year ago and fewer households can afford the active inventory of homes for sale, based on their income

Founding CEO Dale Ross will be retiring as of May 1, 2018. RPR’s Jeff Young has been named chief operating officer/general manager and will assume responsibility for all RPR activities, reporting directly to NAR CEO Bob Goldberg.

Technology innovation in the real estate industry is robust, with a wealth of listing data available to consumers and technology companies from a multitude of sources. NAR plans to demonstrate the competitiveness in real estate brokerage in an upcoming FTC and DOJ workshop.

Realtors® commemorate the 50th anniversary of the fair housing act today, and recognize April as Fair Housing Month, with education and events for members and state and local Realtor® associations throughout the month.