Housing affordability significantly declined as the monthly mortgage payment on a typical existing single-family home with a 20% down payment skyrocketed by nearly a third from the first quarter of this year and by half from one year ago.
News Releases
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Twenty REALTORS® from across the country have been chosen to participate in the 10-month program, which will prepare emerging state and local volunteers for future leadership positions at NAR.
August 10, 2022
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Spencer High 202-383-1051![Aerial view of residential flooding Aerial view of residential flooding](https://cdn.nar.realtor/sites/default/files/styles/inline_image_auto_height__287_/public/aerial-view-of-residential-flooding-gettyimages-530703172-1300w-867h.jpg?itok=_msweEaB)
Funds will be made available to the public to assist with disaster victims' housing payments as relief and recovery efforts continue in the weeks and months to come.
August 3, 2022
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Spencer High 202-383-1051![NAR REACH Labs logo on a laptop screen NAR REACH Labs logo on a laptop screen](https://cdn.nar.realtor/sites/default/files/styles/inline_image_auto_height__287_/public/nar-reach-labs-logo-on-laptop-screen-1200w-628h.jpg?itok=RPaVJTLV)
The National Association of Realtors®' REACH Labs program, which identifies and connects innovative early-stage startups to the Realtor® community, today announced its expansion to Chicago to launch its first multi-association and multiple listing service (MLS) REACH Lab.
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The Treasury Department plans to allow use of $350 billion in American Rescue Plan funds by state, local, and tribal governments for the development, repair, and operation of affordable housing units.
July 27, 2022
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Patrick Newton 202-383-1290![NAR Chief Economist Lawrence Yun NAR Chief Economist Lawrence Yun](https://cdn.nar.realtor/sites/default/files/styles/inline_image_auto_height__287_/public/lawrence-yun-1300w-867h_0.jpg?itok=oGykxIQQ)
Lawrence Yun told the U.S. Senate Committee on Banking, Housing, and Urban Affairs that he does not foresee a nationwide decline in home prices despite indications that price growth is set to slow.
July 21, 2022
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Wesley Shaw 202-383-1193![Realtors Shaking Hands With Couple and Child](https://cdn.nar.realtor/sites/default/files/styles/inline_image_auto_height__287_/public/realtor-shaking-hands-with-couple-and-kid-1300x867.jpg?itok=hFFT58Ll)
NAR continues a commitment to fair housing initiatives by sponsoring the National Fair Housing Alliance's "Keys Unlock Dreams" initiative which will expand housing opportunities for underserved groups across ten key cities.
July 18, 2022
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While Foreign Investments climbed, the number of existing homes bought by international buyers declined to 98,600 – the fewest since 2009.
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NAR members receive free access to Apply Now by Rental Beast, the secure FCRA-compliant online rental application and tenant screening engine.
July 12, 2022
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Spencer High 202-383-1051![Female REALTOR® delivering keys to young family Female REALTOR® delivering keys to young family](https://cdn.nar.realtor/sites/default/files/styles/inline_image_auto_height__287_/public/female-realtor-delivering-keys-young-couple-gettyimages-82040147-07-11-2022-1200w-628h.jpg?itok=IDl-T1rb)
Nearly Three Out of Five REALTORS® Say Limited Inventory Prevented Clients from Buying Homes in 2021
REALTORS® indicated a continued sense of certainty that they will remain in the industry, bolstered by an increase in NAR membership to 1.56 million at the end of 2021, along with unceasing indicators of strong housing demand which lead to an increase in sales volume and transaction figures from one year ago.