Real Estate News

Latest Realty News from NAR

RealtorsĀ® Report Finds 11 Percent Increase in Commercial Member Income, 19 Percent Increase in Sales Transaction Volume

WASHINGTON (August 2, 2017) – Commercial real estate markets continue to improve, with Realtors® specializing in commercial real estate reporting both an increase in member’s gross income and sales volume, according to the National Association of Realtors® 2017 Commercial Member Profile.

The annual study's results represent Realtors®, members of NAR, who conduct all or part of their business in commercial sales, leasing, brokerage and development for land, office and... Read More

Paterson, NJ Property Sets Real Estate Record with Remarkable Sale

A property in Paterson, New Jersey recently broke a market record with a ground-breaking deal. Both industry insiders and residents are interested in this outstanding property's sale because it illustrates the promise and development of the Paterson region.

The property, which is in a desirable area of Paterson, sold for an amazing sum that was more than any other transaction in the area. In addition to drawing notice for its record-breaking value, the acquisition has spurred... Read More

Pending Home Sales Recover in June, Grow 1.5 Percent

WASHINGTON (July 31, 2017) — After declining for three straight months, pending home sales reversed course in June as all major regions, except for the Midwest, saw an increase in contract activity, according to the National Association of Realtors®.

The Pending Home Sales Index*,, a forward-looking indicator based on contract signings, climbed 1.5 percent to 110.2 in June from an upwardly revised 108.6 in May. At 0.5 percent, the index last month increased annually... Read More

Experts Warn of Looming Commercial Real Estate Crisis in the US Economy

In recent reports, experts have issued warnings about an impending crisis in the commercial real estate sector that could significantly impact the US economy. As the nation emerges from the global pandemic, concerns are mounting over the potential crash of the commercial property market, which could have far-reaching consequences.

The COVID-19 pandemic has severely affected various sectors of the economy, and commercial real estate is no exception. Lockdowns, remote work, and changing consumer behaviors have led... Read More

Existing-Home Sales Retreat 1.8 Percent in June

WASHINGTON (July 24, 2017) — Existing-home sales slipped in June as low supply kept homes selling at a near record pace but ultimately ended up muting overall activity, according to the National Association of Realtors®. Only the Midwest saw an increase in sales last month.

Total existing-home sales1, #, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, decreased 1.8 percent to a seasonally adjusted... Read More

Study Reveals Only 4 Major US Cities Where Buying Is Cheaper Than Renting

A recent study has found that in only four major cities across the United States, it is more cost-effective to buy a home rather than rent. The study's findings shed light on the ongoing housing affordability challenges faced by Americans in various metropolitan areas.

According to the study, which analyzed housing costs and rental prices in several major cities, the four cities where buying a home is currently more affordable than renting are. In these specific... Read More

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Thanks for all your help in making our "dream home" a reality. We really appreciated that you went the extra mile to get us the best price for our home. You are truly a professional. John and Rhonda Robinson
In all our dealings with Realtors over the past ten years, we have never met anyone as helpful and energetic as you have been. Without hesitation, we would highly recommend your service to anyone who is looking for an experienced Realtor who cares about getting things done and doing them right! Thanks for taking such good care of us, we couldn't have done it without you! Daniel and Barb Northfield
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