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Existing Home Sales Show Suprising Gain

Existing-home sales rose unexpectedly while inventory declined, led by a surge of sales in the West, according to the National Association of Realtors®. Existing-home sales – including single-family, townhomes, condominiums and co-ops – jumped 6.5 percent to a...

Bill Aims to Stabilize Housing, Stem Forclosures

A bill that embraces the need for righting the housing market—the first big step toward economic recovery—was introduced Friday in the U.S. House of Representatives. H.R. 384, The TARP Reform and Accountability Act, was offered by Rep. Barney Frank (D-Mass.), chair of...

NAR Endorses Obama’s Recovery Plan

WASHINGTON – Feb. 26, 2008 – The National Association of Realtors® (NAR) expressed support of President Obama’s broadened focus of the nation’s economic recovery that stresses housing stability and making health care an important component of his economic...