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Latest Realty News from NAR

Pending Home Sales Marginally Rise in June

WASHINGTON (July 27, 2016) — Pending home sales were mostly unmoved in June, but did creep slightly higher as supply and affordability constraints prevented a bigger boost in activity from mortgage rates that lingered near all-time lows through most of the month, according to the National Association of Realtors®. Increases in the Northeast and Midwest were offset by declines in the South and West.

The Pending Home Sales Index,* a forward-looking indicator based on contract signings, inched 0.2 percent to 111.0 in June from 110.8 in... Read More

Existing-Home Sales Ascend Again in June, First-time Buyers Provide Spark

WASHINGTON (July 21, 2016) — Boosted by a greater share of sales to first-time buyers not seen in nearly four years, existing-home sales maintained their upward trajectory in June and increased for the fourth consecutive month, according to the National Association of Realtors®. Only the Northeast saw a decline in closings in June, and sales to investors fell to their lowest overall share since July 2009.

Total existing-home sales1, which are completed transactions that include single-family homes, townhomes,... Read More

NAR-backed Condo Legislation Passes U.S. Senate, Offers Relief for Homebuyers

WASHINGTON (July 14, 2016) — The U.S. Senate tonight passed H.R. 3700, the "Housing Opportunity Through Modernization Act," by unanimous consent. This legislation includes reforms to current Federal Housing Administration restrictions on condominium financing, among other provisions, and is long supported by the National Association of Realtors®.

Changes include efforts to make FHA's recertification process "substantially less burdensome," while lowering FHA's current owner-occupancy requirement from 50 percent to 35 percent. The bill also... Read More

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C21 Realty Solutions Greatland Branch
Century 21 Realty Solutions
11411 Old Glenn Hwy
Eagle River, AK 99577
Phone: 907.694.6400
Email: eagleriverstaff@century21.com

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FOR MORE EAGLE RIVER, AK INFORMATION
CONTACT CENTURY 21 REALTY SOLUTIONS - GREATLAND BRANCH AT 907-694-6400

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