Real Estate Technology Update: Agents Still Waiting On Miracles

According to a NAR survey, cybersecurity, drones, 5G, and virtual reality will lead real estate technology developments in the next 24 months.

Landlords and industry groups hit out at eviction ban extension

Housing industry groups have united in their opposition to the Centers for Disease Control and Prevention’s decision to extend a nationwide moratorium on evictions until July 31. The one-month extension of the CDC’s ban on evictions might be welcome news for struggling tenants, but critics say it’s also hurting housing providers. Many say they have

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Pending home sales fall by 21% in April

Home sales contracts during April took a big hit due to the COVID-19 pandemic, but things are expected to pick up from here on out, according to the National Association of Realtor’s latest report. Published Thursday, the NAR’s latest Pending Home Sales Index, which is a forward-looking indicator of home sales based on contract signing,

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NAR says contract signings fell 16% in March

The National Association of Realtors said that contract signings fell significantly in March as many housing markets paused due to the coronavirus pandemic. The new figures came in the NAR’s latest Pending Home Sales Index, which is a forward-looking indicator based on contract signings. It said the Index fell by 20.8% in March compared to

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Majority of Realtors® Continue to Report Sellers Haven’t Lowered Listing Prices to Attract Buyers

More than 3 in 4 Realtors® currently working with sellers this week – 76% – reported their clients haven’t reduced listing prices to attract buyers, according to a new survey from the National Association of Realtors®. That’s up from 74% who said the same a week ago. “Nearly 70% of Americans have secure employment and

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NAR: Pending home sales rose in February

The National Association of Realtors has some surprisingly upbeat news for the real estate industry. It said that pending home sales, which are seen as a forward-looking indicator of the state of the housing market based on contract signings, jumped 2.4% in February compared to the previous month, and 9.4% year over year. The spike

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NAR: Strong home sales in Feb give cause for optimism

Although the U.S. is gripped by the cornonavirus outbreak, there was some good news for the real estate industry as existing home sales performed better than expected, with three out of four regions showing an increase in sales, according to National Association of Realtors’ data. The NAR said total existing home sales, which includes single-family,

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NAR voices support for Trump environmental reforms

President Donald Trump’s proposal to reform the National Environmental Policy Act has won the backing of the National Association of Realtors. NAR President Vince Malta (pictured) said the proposed changes should help to modernize environmental standards while also helping to alleviate housing shortages. The NEPA changes would be the first serious amendment to the Act

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New home sales hit 12-year high

New home sales enjoyed their best three-month performance since 2007 after seeing a big uptick in November, according to U.S. Commerce Department data published Monday. Economists say low mortgage rates and unemployment combined with strong sales growth led to the boost in sales. All told, sales of new single-family homes jumped 1.3% in November to

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National median incomes fail to keep pace with home values

Housing affordability fell in October despite mortgage rates being at a historical low, according to the latest National Association of Realtors’ Housing Affordability Index. However, the NAR said that housing affordability conditions have nonetheless improved from a year ago. The issue is that home prices are rising faster than incomes, leading to houses becoming less

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