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Washington, July 01, 2010 The National Association of Realtors® today commended Congress for timely passage of two bills to extend the home buyer tax credit closing deadline and reauthorize the National Flood Insurance Program. Both bills, strongly supported by NAR, had cleared the House earlier and were passed by the S [...]

Washington, June 28, 2010 Up to 180,000 home buyers will lose their tax credit through no fault of their own if Congress fails to pass an extension to the home buyer tax credit by June 30 when the closing deadline expires. Included in that number are thousands of home buyers in every state of the union, from 390 in Wyom [...]

Washington, June 23, 2010 A bill to extend the authority for the National Flood Insurance Program, strongly supported by the National Association of Realtors®, was passed by the House today. The bill would extend the program to September 30, 2010. “We greatly appreciate that the members of House were sensitive to the p [...]

Washington, June 22, 2010 Existing-home sales remained at elevated levels in May on buyer response to the tax credit, characterized by stabilizing home prices and historically low mortgage interest rates, according to the National Association of Realtors®. Gains in the West and South were offset by a decline in the Nort [...]

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In recent years, unprecedented job losses, market fluctuations, and economic uncertainty have caused a spike in the number of home owners in foreclosure or in danger of becoming so. As more home owners have fallen behind on their mortgages, many local markets have been flooded with distressed sale properties—short sale [...]

Washington, June 11, 2010 The National Association of Realtors® has awarded $50,000 to 15 local and state Realtor® associations through the Housing Opportunity Fund grants program, which helps local and state Realtor® associations promote and expand affordable housing opportunities in their communities. “Realtors® buil [...]

Washington, May 26, 2010 Vacancy rates continue to rise in most commercial sectors and are not expected to level out in most markets until the end of this year or early 2011, according to the National Association of Realtors®. Lawrence Yun, NAR chief economist, said there is one bright spot in commercial real estate. “ [...]

Washington, June 10, 2010 The National Association of Realtors® applauded the House for overwhelming passage of FHA reform legislation that would allow the Federal Housing Administration to adjust monthly premiums on mortgage insurance. This bill, H.R. 5072, FHA Reform Act of 2010, would strengthen the FHA loan insuran [...]

Washington, June 02, 2010 Pending home sales have risen for three consecutive months, reflecting the broad impact of the home buyer tax credit and favorable housing affordability conditions, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator, rose 6.0 percent [...]