The Latest Breaking News from NAR

US Existing Home Sales Fall To Lowest Level Since 1995

US existing home sales fell in the final month of 2023, ending a tough year for real estate as full-year sales hit the lowest level since 1995, said industry data released Friday.

International Business Times · Jan 19, 2024

National Association of Realtors head appointed after sexual harassment scandal, $1.8 billion verdict quits, claiming blackmail

Tracy Kasper claims she was threatened with disclosure of a “past personal, non-financial matter” unless she stepped down. She reported it to police.

Fortune · Jan 9, 2024

National Association of Realtors president resigns, blames blackmail threat

Tracy Kasper is the latest leader to depart the embattled organization that represents 1.5 million members. President-elect Kevin Sears will replace her, the association said.

Chicago Sun-Times · Jan 8, 2024

Fitch Ratings says U.S. homes are ‘overvalued’ by nearly 10%—but homebuyers shouldn’t expect relief anytime soon

"Home prices keep marching higher," NAR’s chief economist Lawrence Yun said in a statement, arguing that "only a dramatic rise in supply will dampen price appreciation."

Fortune · Dec 22, 2023

Home sales snapped a five-month skid in November as easing mortgage rates encouraged homebuyers

Sales of previously occupied U.S. homes rose in November, ending a five-month skid, as easing mortgage rates encouraged homebuyers

The Independent UK · Dec 20, 2023

Mysuru hosts real estate business exchange meet

NAR-India hosted 1st South Zone Real Estate Business Exchange Meet in Mysore, bringing together stakeholders to discuss industry growth, future prospects & collaborative opportunities. It provided an opportunity to foster growth & development in the real estate sector. Realtors, developers, investors & financial institutions from India benefited from the event,…

The Hindu · Dec 11, 2023

Home prices will fall for the first time since 2012, Redfin’s chief economist predicts, but they'll still be ‘out of reach’ for many buyers

Redfin expects home prices to fall 1% in the second and third quarters of next year and be flat in the first and last quarters, per its 2024 housing market forecast.

Fortune · Dec 6, 2023

Pending Home Sales Fall To Record Low In October

The housing market is suffering from mortgage rates near the highest level in two decades.

International Business Times · Nov 30, 2023

Buying a Home? You Need a Six-Figure Income and a Big Down Payment

The median household income for home buyers hits a record $107,000; Down payments rise to more than two-decade highs as housing market crunch continues, NAR study shows.

Kiplinger · Nov 29, 2023

Home sales slumped to slowest pace in more than 13 years in October as prices, borrowing costs, soar

Sales of previously occupied U.S. homes slumped in October to their slowest pace in more than 13 years, as surging mortgage rates and rising prices kept many prospective homebuyers on the sidelines

The Independent UK · Nov 21, 2023