The latest real estate news and information.

Pending Home Sales Skid in May

WASHINGTON (June 29, 2016) — After steadily increasing for three straight months, pending home sales let up in May and declined year-over-year for the first time in almost two years, according to the National Association of Realtors®. All four major regions experienced a cutback in contract activity last month.

The Pending Home Sales Index,* a forward-looking indicator based on contract signings, slid 3.7 percent to 110.8 in May from a downwardly revised 115.0 in April and is now slightly lower (0.2 percent) than May 2015 (111.0).... Read More

June 30th, 2016|Comments Off on Pending Home Sales Skid in May

NAR Survey : Active Military Homebuyers Purchase at Younger Ages, Buy Larger and More Expensive Homes

WASHINGTON (May 3, 2016) – Differences in household demographics and affordable financing options spur homebuying demand for young active-service military members, causing them to significantly outpace the share of non-military homebuyers under the age of 35, according to the first-ever 2016 Veterans & Active Military Home Buyers and Sellers Profile, which evaluates the differences of recent active-service and veteran home buyers and sellers1... Read More

December 31st, 1969|Comments Off on NAR Survey : Active Military Homebuyers Purchase at Younger Ages, Buy Larger and More Expensive Homes

National Association of Realtors® Applauds Passage of Tax Extenders Package

WASHINGTON (December 18, 2015) – A significant piece of tax legislation is now on its way to the President’s desk, and the bill includes the extension of a number of expired tax provisions important to supporting homeowners and real estate investment.

Tom Salomone, National Association of Realtors® president and broker-owner of Real Estate II Inc. in Coral Springs, Florida, praised Congressional leaders... Read More

December 31st, 1969|Comments Off on National Association of Realtors® Applauds Passage of Tax Extenders Package

Realtors® Claim Victory against Patent Abuse with Settlement

WASHINGTON (September 20, 2016) – The National Association of Realtors® is declaring a major victory against patent abuse in a settlement with Data Distribution Technologies, a subsidiary of the patent enforcement firm General Patent Corporation. DDT sued and threatened several real estate businesses in the past over use of a technology-related patent, but NAR challenged the patent’s validity before the U.S. Patent and Trademark Office and filed a declaratory judgment... Read More

December 31st, 1969|Comments Off on Realtors® Claim Victory against Patent Abuse with Settlement

NAR CEO Dale Stinton to Retire, Search Firm Retained

WASHINGTON (December 28, 2016) –  After 36 years of service, National Association of Realtors® CEO Dale Stinton will retire from the association in 2017. Chicago-based executive search firm Heidrick & Struggles has been retained to find Stinton’s replacement.

Stinton took over as CEO in November 2005. Previously, he served as chief financial officer and chief information officer since 1998 and was named acting CEO and executive vice president in 1996. Stinton demonstrated exceptional leadership and business savvy in bringing continued success to the... Read More

December 31st, 1969|Comments Off on NAR CEO Dale Stinton to Retire, Search Firm Retained