NAR News Releases
- Existing-Home Sales Receded 4.1% in OctoberExisting-Home Sales Receded 4.1% in October Prospective homebuyers experienced another difficult month due to lack of housing inventory and the highest mortgage rates in a generation. Media Contact: Troy Green 202-383-1042 Read more »
- NAR Panel Discusses Multigenerational Housing Model as a Remedy for Housing Supply ShortagesNAR Panel Discusses Multigenerational Housing Model Multigenerational housing can be a model to help address housing supply shortages and growing homeownership gaps. Media Contact: Tori Syrek Multifamily Housing Development & Insurance Read more »
- NAR REALTOR Benefits® Partners Honored for Exceptional Service and InnovationNAR REALTOR Benefits® Partners Honored NAR celebrated the achievements of its NAR REALTOR Benefits® partners with an awards ceremony at the 2023 NAR NXT, The Realtor® Experience. Media Contact: Spencer High 202-383-1051 Read more »
- NAR Chief Economist Says Commercial Real Estate Will Revitalize, Calls on Federal Reserve to Consider Cutting Interest RatesNAR Chief Economist Calls on Fed to Cut Interest Rates There's tremendous difficulty in the commercial real estate market, with higher interest rates hindering borrowing and making refinancing costly. Media Contact: Lauren Cozzi 202-383-1178 Commercial & Investment Real Estate, Commercial Real Estate Lending, Financing & Credit Read more »
- Experts Discuss Transformative Role of Artificial Intelligence in Real EstateThe Transformative Role of AI in Real Estate Two sessions at NAR NXT: The REALTOR® Experience focused on how automation and AI is reshaping real estate marketing and operations. Media Contact: Spencer High 202-383-1051 Real Estate Technology, Artificial Intelligence (AI) in Real Estate Read more »
- National Association of Realtors® Installs 2024 LeadershipNational Association of REALTORS® Installs 2024 Leaders Meet the 2024 NAR Leadership Team. Media Contact: Troy Green 202-383-1042 Read more »
- NAR Chief Economist Lawrence Yun Forecasts Existing Home Sales Will Rise by 13.5% Next Year and Mortgage Rates Will be Between 6-7% by Spring 2024Forecast: Existing-Home Sales Will Rise 13.5% in 2024 Elevated mortgage rates, high home prices and limited housing inventory are making the dream of homeownership difficult for Americans. Media Contact: Lauren Cozzi 202-383-1178 Financing & Credit, Residential Real Estate Read more »
- NAR Advocacy Policy Priorities Outlined During 2023 Realtors® Annual ConferenceNAR Advocacy Policy Priorities Outlined NAR's priorities include improving access to homeownership, expanding economic opportunities, and promoting NAR research to inform policymaking. Media Contact: Tori Syrek Fair Housing, Rental Housing Issues Read more »
- NAR Presents Realtor® Mike McGrew With Distinguished Service AwardDistinguished Service Award Presented to Mike McGrew Mike's commitment to the local, state, and national levels of NAR and his charitable work epitomizes the Distinguished Service Award. Media Contact: Troy Green 202-383-1042 Read more »
- NAR Presents Realtor® Greg Herb With Distinguished Service AwardDistinguished Service Award Presented to Greg Herb Greg has had a tremendous impact on the real estate industry through his trailblazing accomplishments and service to his fellow REALTORS® nationwide. Media Contact: Troy Green 202-383-1042 Read more »
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FAR News Releases
- U.S. Consumer Confidence Bounces Back in Nov.After three monthly declines, the measure of Americans’ attitudes increased to 102.0 in Nov. from Oct.’s 99.1, largely due to an upswing in attitudes about the future. Read more »
- Smartphone Photography Works Great if Done RightA phone has the capacity to take a great picture if the person behind the phone knows what they’re doing. Lighting, layout and editing can be critical concerns. Read more »
- Fla. Consumers’ Optimism Rises this MonthFor the second month in a row, Floridians’ attitudes about their current situation rose – and their outlook for the future moved a bit higher too. Read more »
- FHFA: Sept. Home Prices Up 0.6% Month-to-MonthFor the third quarter (3Q), home prices rose 5.5% year-to-year and 2.1% quarter-to-quarter as a dearth of listings pushed the rate of price increases even higher. Read more »
- FHFA: 2024 Conforming Loan Limits Rise by $40KIn 2024, a conventional mortgage in most parts of Fla. (except Monroe County) will have a loan limit of $766,550, an increase of $40,350 from 2023’s $726,200. Read more »
- Court Sides with Homeowner on Insurance LawDoes a law limiting property insurance lawsuits apply to policies from before it went into effect? Appeal courts disagreed and the Fla. Supreme Court may decide. Read more »
- Sarasota Considers Affordable Housing IdeasThe Sarasota Chamber brought local leaders in to discuss the housing shortage after 73% of local businesses said it affects their ability to recruit and retain workers. Read more »
- Inflation Inaccurately Measures Homebuyers’ PainTo measure housing-cost inflation, the Consumer Price Index uses “the current cost to rent the house you own,” even though many mortgage payments won’t change. Read more »
- Why Do People Give? Donors Say What Moves ThemIt’s GivingTuesday, and AP interviewed people across the U.S. to find out what motivates them to get involved to help others, pets, the environment and more. Read more »
- New Home Sales Weaken in OctoberSales were down 5.6% month-to-month, but they’re up 17.7% year-to-year and up 4.6% so far in 2023. About 30% of all Oct. home sales were new construction. Read more »
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