Stories about NAR, its work, and its members in major media outlets.
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Even more inventory is expected to come onto the housing market in the upcoming months ahead of the normal, seasonal declines in the winter.
Lawrence Yun, chief economist and senior vice president of research of the National Association of Realtors®, also sees promising indicators for home buyers.
Beginning as early as August 17, potential home buyers must enter a written agreement with an agent before touring a home.
International buyers have significantly reduced their purchases of U.S. homes in the past year, yet they are paying more for residential real estate than ever before.
Sales of previously occupied U.S. homes fell 5.4% last month from May, the fourth consecutive month of declines.
Sales of previously owned homes dropped 5.4% in June compared with May, to 3.89 million units on a seasonally adjusted, annualized basis.
Critics argue that the best way to lower rents is to build more supply rather than imposing Biden's proposed nationwide rent cap of 5%.