Home sales exceed pre-pandemic levels for first time
Has the real estate market turned around during this unprecedented time? Apparently, yes. Home sales surpassed pre-pandemic levels for the first time the week ending July 5, up 2% on a seasonally adjusted basis compared to January and February levels, according to a new report from Redfin, a technology-powered real estate brokerage. The [...]
NAR’s Volunteering Works program 2020 mentoring and grant recipients
The National Association of Realtors and the Good Neighbor Society honored the recipients of the 12th annual Volunteering Works grants and the mentoring program recently. The program matches Realtors who work on newer, small-scale charitable initiatives with mentors and provides funding support to individual volunteer efforts. The five Volunteering Works [...]
NAR, U.S. Chamber of Commerce partner to advance economic inclusion
The National Association of Realtors has joined the U.S. Chamber of Commerce’s Equality of Opportunity initiative, as part of a broad national effort to examine economic inequality in America. The program has earned the support of more than 400 organizations from across the country, with business and policy leaders assembling [...]
Pending home sales slump 21.8% in April during COVID-19
Brought on by the coronavirus pandemic, pending home sales decreased in April, making two straight months of declines, according to the National Association of Realtors. Every major region experienced a drop in month-over-month contract activity and a decline in year-over-year pending home sales transactions. The Pending Home Sales Index (PHSI),* [...]
New service protects Veteran homebuyers with ‘SafeClose’
In an ongoing effort to protect its customers during the coronavirus pandemic, NewDay USA, a VA mortgage lender, said veterans and service members can now sign mortgage closing documents without having a notary signing agent enter their home. The company's new SafeClose service, which abides by the Center for Disease Control and [...]
‘Right Tools, Right Now’ helps Realtors deal with COVID-19 impacts
The National Association of Realtors has implemented the return of its ‘Right Tools, Right Now’ program, which will make numerous business-critical resources immediately available to all of the association’s 1.4 million members at reduced or no cost. Originating in response to the financial crisis, nearly 1 million Realtors accessed $54 million [...]