Surprising jump in pending home sales suggests buyers are making a comeback

Pending home sales of existing homes jumped by 8.1% in August from the previous month, suggesting that buyers in the housing market are making a strong comeback. The National Association of Realtors said the surprising gain occurred as buyers are seeing more inventory and slightly more favorable prices. It had expected pending home sales to

Read More »

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.

Existing home sales fall in May, boosting housing inventory

Strong buyer demand coupled with limited housing inventories saw sales of existing-homes fall for the four month in a row in May. Existing home sales were down 0.9% compared to the month before, though they will still up 44% on a year over year basis, according to the National Association of Realtors in its latest

Read More »

Realogy’s Sherry Chris Shares Her Real Estate Marketing Insight

Sherry Chris, the President, and CEO, Realogy Expansion Brands, in a Q&A with RealtyBizNews about forward-thinking real estate marketing.

Low inventories led to home sales decline last month, the NAR says

Existing home sales surprisingly reversed course in February, falling by 6.6% compared to the previous month, following several sharp monthly gains. That’s according to the National Association of Realtors, which said in a report that the sales dip is primarily due to low inventories of existing homes for sale in the U.S. However, the NAR’s

Read More »

Real estate pros expect rapid turnaround after COVID-19 pandemic

While no one is expecting miracles from the spring selling season in the housing market this year, real estate pros say they’re confident the slowdown will be temporary, and that a turnaround will commence as soon as social distancing measures are relaxed. That’s according to the National Association of Realtor’s latest Economic Pulse Flash Survey,

Read More »

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

Read More »

NAR’s Yun forecasts new home sales boom in 2019

National Association of Realtors’ chief economist Lawrence Yun says home sales are likely to hit a 12-year high this year as builders race to meet demand for entry-level homes from first-time buyers. While existing home sales are likely to remain flat this year, new home sales should top 667,000, which would be the highest number

Read More »

Pending home sales are down, but prospects for 2019 are good

With consumers growing increasingly concerned about the economy and home prices increasing more, pending home sales slumped at the end of 2018, according to new data from the National Association of Realtors. The NAR’s Pending Home Sales Index is said to be a key forward-looking indicator of real estate market activity, based on contract signings.

Read More »

NAR reaffirms its ‘pro-competition’ MLS policy

The National Association of Realtors said this week it will reaffirm its commitment to maintaining MLS rules regarding virtual office websites. The NAR’s VOW policy was first spelled out in 2008, and is designed to allow for competition and technological innovation in the real estate brokerage industry to thrive. The NAR’s consent decree had expired

Read More »

RealtyBizNews: Real Estate Marketing & Beyond