News Releases
![Street view of a suburban neighborhood Street view of a suburban neighborhood](https://cdn.nar.realtor/sites/default/files/styles/inline_image_auto_height__287_/public/street-view-suburban-neighborhood-GettyImages-76186774-1300w-867h.jpg?itok=Y89PDKXN)
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.
![Woman in a headscarf standing and speaking in front of a group of seated people Woman in a headscarf standing and speaking in front of a group of seated people](https://cdn.nar.realtor/sites/default/files/styles/inline_image_auto_height__287_/public/woman-in-a-headscarf-speaking-in-front-of-a-group-gettyimages-1341307405-1300w-867h_0.jpg?itok=U1dvSV_B)
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.
![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.
![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)
![Leslie Rouda Smith](https://cdn.nar.realtor/sites/default/files/styles/inline_image_auto_height__287_/public/2021_LT_HEADSHOTS_LESLIE_R_1200x628px.png?itok=82sQ-Dgd)
![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.
![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)
![New homes in a suburban neighborhood New homes in a suburban neighborhood](https://cdn.nar.realtor/sites/default/files/styles/inline_image_auto_height__287_/public/new-homes-suburban-neighborhood-GettyImages-869845902-1300w-867h.jpg?itok=11H7uyJ3)
![Family in New Home With Boxes](https://cdn.nar.realtor/sites/default/files/styles/inline_image_auto_height__287_/public/_nar-rb-press-release-1300x867.jpeg?itok=G64nJ1bn)