Latest National Association of Realtors News

FILE - In this Sept. 25, 2019, file photo, The White House is seen from the Ellipse in Washington. Forty lobbyists with ties to President Donald Trump helped their clients secure over $10 billion in federal coronavirus aid. Among them are five former administration officials whose lobbying work potentially violates an ethics order Trump issued after taking office.  (AP Photo/Carolyn Kaster, File)

Trump-connected lobbyists reap windfall in federal virus aid

Jul. 6, 2020 10:19 PM EDT

WASHINGTON (AP) — Forty lobbyists with ties to President Donald Trump helped clients secure more than $10 billion in federal coronavirus aid, among them five former administration officials whose work potentially violates Trump's own ethics policy, according to a report. The lobbyists identified Monday by...

FILE - In this June 20, 2018, file photo, an

US pending home sales see record-breaking rebound in May

Jun. 29, 2020 10:53 AM EDT

SILVER SPRING, Md. (AP) — The number of Americans signing contracts to buy homes rebounded a record 44.3% in May after a record-breaking decline the previous month, as the impact of the coronavirus pandemic sidelined both buyers and sellers. The National Association of Realtors said Monday that its index...

Model homes and for sale signs line the streets as construction continues at a housing plan in Zelienople, Pa., Wednesday, March 18, 2020. U.S. home sales jumped in February to their highest level in 13 years, a trend that will almost certainly be reversed as the viral outbreak keeps more people at home.  (AP Photo/Keith Srakocic)

Existing home sale plunge 9.7% in 3rd straight monthly drop

Jun. 22, 2020 10:34 AM EDT

WASHINGTON (AP) — Existing home sales in the U.S. plunged 9.7% in May. It was the third straight monthly decline and further evidence of the harm the virus pandemic has done to the housing market. The National Association of Realtors said Monday that the monthly decline pushed sales down to a seasonally...

This May 22, 2020 photo shows a sold sign in front of a house in Brighton, N.Y.  On Thursday, May 28, long-term U.S. mortgage rates fell this week as the key 30-year home loan marked an all-time low for the third time in the last few months since the coronavirus outbreak took hold. Mortgage buyer Freddie Mac reports that the average rate on the 30-year loan tumbled to 3.15% from 3.24% last week. (AP Photo/Ted Shaffrey)

US mortgage rates fall; 30-year loan at all-time low 3.15%

May. 28, 2020 3:00 PM EDT

WASHINGTON (AP) — Long-term U.S. mortgage rates fell this week as the key 30-year home loan marked an all-time low for the third time in the last few months since the coronavirus outbreak took hold. Mortgage buyer Freddie Mac reported Thursday that the average rate on the 30-year loan tumbled to 3.15%...

FILE - In this April 27, 2020 file photo shows a sale pending sign on a home in Mount Lebanon, Pa   The National Association of Realtors releases its April report on pending home sales, which are seen as a barometer of future purchases on Thursday, May 28.(AP Photo/Gene J. Puskar, File)

Pending home sales plunged 21.8% in April on a monthly basis

May. 28, 2020 10:06 AM EDT

BALTIMORE (AP) — April had a record collapse in Americans signing contracts to buy homes, a reflection of the broader shutdown of economic activity in response to the coronavirus outbreak. The National Association of Realtors said Thursday that its pending home sales index plunged 21.8% from the prior...

FILE- In this June 8, 2018, file photo a for sale sign stands in front of a house, in Jenkintown, Pa.  U.S. home prices accelerated in March 2020 even though sales plummeted, as those Americans still buying bid for a sharply diminished supply of homes. (AP Photo/Matt Rourke, File)

US home price gains quickened in March as sales plunged

May. 26, 2020 10:04 AM EDT

WASHINGTON (AP) — U.S. home prices accelerated in March even though sales plummeted, as those Americans still house shopping were forced to bid for a sharply diminished supply of homes. The S&P CoreLogic Case-Shiller 20-city home price index rose 3.9% in March, the largest gain in more than a year, up...

President Donald Trump speaks as he tours Ford's Rawsonville Components Plant that has been converted to making personal protection and medical equipment, Thursday, May 21, 2020, in Ypsilanti, Mich. (AP Photo/Alex Brandon)

What you need to know today about the virus outbreak

May. 21, 2020 4:51 PM EDT

Pandemic politics shadowed President Donald Trump’s trip to Michigan to highlight lifesaving medical devices, with the president and officials from the electoral battleground state clashing over federal aid, mail-in ballots and face masks. The president did not wear a face covering Thursday despite a...

FILE- In this Jan. 4, 2019, file photo a sign hangs outside a house for sale in Pittsburgh's Lawrenceville neighborhood.  On Thursday, May 21, 2020, Long-term U.S. mortgage rates eased this week in a housing market battered by the shutdown spurred by the coronavirus pandemic. Rates hovered near all-time lows as the benchmark 30-year home loan stayed below 3.30% for the fourth straight week.(AP Photo/Keith Srakocic, File)

US long-term mortgage rates ease; 30-year at 3.24%

May. 21, 2020 1:06 PM EDT

WASHINGTON (AP) — Long-term U.S. mortgage rates eased this week in a housing market battered by the shutdown spurred by the coronavirus pandemic. Rates hovered near all-time lows as the benchmark 30-year home loan stayed below 3.30% for the fourth straight week. Mortgage buyer Freddie Mac reported...

This April 16, 2020 photo shows a real estate company sign that marks a home for sale in Harmony, Pa.  U.S. new home sales plunged 15.4% in March as the lockdowns that began in the middle of the month began to rattle the housing market.
The Commerce Department reported Thursday, April 23,  that sales of new single-family homes dropped to a seasonally ajdjusted annual rate of 627,000 last month after sales had fallen 4.6% in February.  (AP Photo/Keith Srakocic)

US existing home sales plunge 17.8% in April

May. 21, 2020 11:07 AM EDT

WASHINGTON (AP) — Sales of existing homes plunged 17.8% in April with the real estate market still in the grips of the coronavirus pandemic. The National Association of Realtors said Thursday that last month's decline pushed sales down to a seasonally adjusted annual rate of 4.33 million units, the slowest...

This Week: Walmart, Deere results, existing home sales

May. 18, 2020 1:10 AM EDT

A look at some of the key business events and economic indicators upcoming this week: COVID-19 WINDFALL? Walmart serves up its first-quarter results Tuesday. Analysts predict the retail giant will report flat earnings for the February-April period versus a year earlier and higher revenue. Americans flocked to...