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The Next Generation of Home Buyers

Generation Z is starting to make an impact on the housing market. Learn about this group of young adults and how you can prepare to serve them. MARCH 2018 | BY KAYCEE WEGENER With each passing year, we get closer and closer to welcoming a new generation to the housing market. After years of talking about millennials, the attention...

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Existing-Home Sales Climb 1.1 Percent in March

WASHINGTON (April 23, 2018) — 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, according to the National Association of Realtors®. Total existing-home sales1, https://www.nar.realtor/existing-home-sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose 1.1 percent to a seasonally adjusted...

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Realtors® Continue Focus on Fair Housing, Commemorate 50th Anniversary of Act

WASHINGTON (April 11, 2018) – The National Association of Realtors® is joining its 1.3 million members across the country to commemorate the 50th anniversary of the Fair Housing Act and further advocate for inclusion and diversity in the nation’s communities. NAR is also recognizing April as Fair Housing Month, with education and events for members and state and local...

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Pending Home Sales Reverse Course in February, Rise 3.1 Percent

WASHINGTON (March 28, 2018) — Pending home sales snapped back in much of the country in February, but weakening affordability and not enough inventory on the market restricted overall activity compared to a year ago, according to the National Association of Realtors®. The Pending Home Sales Index,* www.nar.realtor/pending-home-sales, a forward-looking indicator based on contract signings, grew 3.1 percent to 107.5...

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Existing-Home Sales Rebound 3.0 Percent in February

WASHINGTON (March 21, 2018) — Despite consistently low inventory levels and faster price growth, existing-home sales bounced back in February after two straight months of declines, according to the National Association of Realtors®. Sizeable sales increases in the South and West offset declines in the Northeast and Midwest. Total existing-home sales1, https://www.nar.realtor/existing-home-sales , which are completed transactions that include single-family homes,...

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The Tax Cuts and Jobs Act – What it Means for Homeowners and Real Estate Professionals

The National Association of REALTORS® (NAR) worked throughout the tax reform process to preserve the existing tax benefits of homeownership and real estate investment, as well to ensure as many real estate professionals as possible would benefit from proposed tax cuts. Many of the changes reflected in the final bill were the result of the engagement of NAR...

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Millennials Lead All Homebuyers, Even as Some Can’t Escape Their Parents

WASHINGTON (March 14, 2018) — Home purchases by millennials ticked up over the past year, but inventory constraints and higher housing costs kept their overall activity subdued and prevented some from leaving the more affordable confines of their Gen X and baby boomer parents’ homes. This is according to the National Association of Realtors® 2018 Home Buyer and Seller...

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Vacation, Resort, and Second Homes

In 2016, low housing inventory in 2016 impacted housing sales and prices across the nation. As inventory remained constrained, home prices increased. Also in 2016, the share of buyers who purchased a primary residence rose for the third year to 70 percent from 65 percent. The share of vacation home buyers declined for the third straight year to 12...

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Most Americans Agree: Homeownership Is a Sound Investment

The Feb. 18 guest column, "Why your home is a lousy investment when you think it's great," has two glaring omissions in it that would otherwise show that homeownership is indeed a solid investment for millions of middle-class Americans. Outside of referring to it as "tiny," Mr. Fisher's column all but disregards one important thing: rent. His argument...

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Existing-Home Sales Slip 3.2 Percent in January

WASHINGTON (February 21, 2018) — Existing-home sales slumped for the second consecutive month in January and experienced their largest decline on an annual basis in over three years, according to the National Association of Realtors®. All major regions saw monthly and annual sales declines last month. Total existing-home sales1, https://www.nar.realtor/existing-home-sales , which are completed transactions that include single-family homes, townhomes, condominiums...

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