Tag Archives: NAR

Home Prices are Low. Should You Buy Now?

Millions of people throughout the U.S. want to buy a home. It’s one of your top priorities but you just aren’t sure if now is the right time to buy. You could purchase a reduced-priced home now, or continue waiting to see if prices dip any further. Or, you might own a home and are [...]

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Home buyer credit extension heads to Obama

Congress passed a bill this week extending the deadline to close escrow and qualify for the federal home buyers tax credit. President Obama is expected to sign the bill extending the deadline to Sept. 30, 2010, instead of its original June 30 deadline. KEEP THIS IN MIND • The bill extends the deadline to close [...]

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Economists Project Improving Housing Market

Two top housing economists provided some encouraging news about the housing market during an economic session at the NAR Midyear Legislative Meetings and Expo this week. Both NAR chief economist Lawrence Yun and Moody’s Economy.com chief economist Mark Zandi agree that job creation is the key to a sustained economic and housing recovery, with job creation [...]

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Pending Sales Leveling Off

Pending home sales rose slightly in December, increasing 1.0 percent from the previous month, according to NAR. The Pending Home Sales Index (PHSI) was 10.9 percent above December 2008. In November, the index had fallen 16.4 percent after several months of surging activity. The index in the Northeast rose 2.3 percent in December and was [...]

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NAR announces national property database called “RPR”

I was going through my Google Reader account kind of late today and saw a bunch of buzz about NAR announcing a national property data base called “RPR” (REALTORS Property Resource).  According to NAR, RPR is an online real estate library/archive that will provide real estate professionals with data on every property in the United [...]

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