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Overall engagement among NAR members for the month of March 2018 soared to a record 178,000 a notable 16 percent increase from March 2017.
Contract signings rebounded from January, but were not enough to match figures from one year ago due to weakening affordability and lack of inventory.
New consumer findings from NAR show that while a growing share of households feel more confident about the economy and their financial situation this year, extremely challenging market conditions to start the year has led to skepticism that this is a good time to buy a home.
The bill contains housing-related provisions important to REALTORS®,including alleviating the weakening of the Low-Income Housing Tax Credit (LIHTC) from the new tax law, and extending the National Flood Insurance Program (NFIP) through at least mid-summer.
Despite consistently low inventory levels and faster price growth, existing-home sales bounced back in February after two straight months of declines.