National Association of Realtors
Recent News About National Association of Realtors
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The National Association of Realtors® has recently announced a new partnership with SoFi, providing exclusive financial benefits for NAR members and their clients. Rhonny Barragan, NAR vice president of strategic alliances, expressed excitement about the collaboration, stating, "This partnership amplifies our support for the diverse financial needs of our members." SoFi's vice president and business lead, Michael Bourgeois, also shared his enthusiasm for the partnership, saying, "We're extremely excited to partner with NAR to provide a one-stop financial solution to their...
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Millennials have surged ahead to become the largest group of home buyers, marking a significant shift in the housing market's demographic landscape, according to the latest report from the National Association of Realtors®."The generational tug-of-war between millennials and baby boomers continued this year, with millennials rebounding to capture the largest share of home buyers," said Dr. Jessica Lautz, NAR deputy chief economist and vice president of research. "This notable rise is attributed to both younger millennials stepping into homeownership for the first time and...
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The National Association of Realtors® and Realtor.com® recognized three outstanding individuals with the Fair Housing Champion Award during the Fair Housing Month event titled "Many Rivers to Cross: America’s Ongoing Fair Housing Journey."According to NAR President Kevin Sears, "Affordability and fair housing remain the most significant challenges confronting the real estate industry today, and I am immensely proud of the dedication displayed by our award recipients in expanding access to homeownership."One of the winners, Eve B. Lee from Lake County, Illinois, has been...
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Pending home sales in February grew 1.6%, according to the National Association of REALTORS®. The Midwest and South posted monthly gains in transactions while the Northeast and West recorded losses. All four U.S. regions registered year-over-year decreases."While modest sales growth might not stir excitement, it shows slow and steady progress from the lows of late last year," said NAR Chief Economist Lawrence Yun. "Ongoing job gains are clearly increasing demand along with more inventory."Lawrence Yun further added, "The high-cost regions in the Northeast and West...
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The Federal Housing Administration (FHA) said the recent increase in the dollar amount threshold for large multifamily loans will simplify the process of assessing risks for insurers of multifamily housing developments.