National Association of Realtors® President Ron Phipps released a statement reminding candidates how important home ownership is to the economic and social fabric of our country.
Existing-home sales increased in August, even with ongoing tight credit and appraisal problems, along with regional disruptions created by Hurricane Irene, according to the National Association of Realtors®. Monthly gains were seen in all regions.
Increased lending to creditworthy home buyers and more loan modifications and short sales are necessary to reduce the rising inventory of foreclosed homes and help stabilize and revitalize the housing industry and economy.
Pending home sales declined in July but remain well above year-ago levels, according to the National Association of Realtors®. All regions show monthly declines except for the West, which continues to show the highest level of sales contract activity.
Ten Realtors® were recognized today by the National Association of Realtors® as finalists for REALTOR® Magazine’s 2011 Good Neighbor Awards.