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The National Association of Realtors (NAR) is an American trade association [5] for those who work in the real estate industry. As of December 2023, it had over 1.5 million members, [6] making it the largest trade association in the United States [7] including NAR's institutes, societies, and councils, involved in all aspects of the residential and commercial real estate industries.
With 2024 existing home sales dropping to 4.06 million, the median sales price reached a record high of $407,500, according to the NAR. Mortgage rates are a key piece of the puzzle.
Median home prices fell 1.3% year-over-year in August, Realtor.com said. For-sale inventory hit the highest level since May 2020, helping push prices lower.
Based on November 2024 data from Redfin, housing prices had increased 2.3% in Texas year over year, with a median price of $343,800. With the number of homes sold up 7.1% year over year, the median...
The National Association of Realtors (NAR) publishes a monthly Housing Affordability Index which "measures whether or not a typical family earns enough income to qualify for a mortgage loan on a typical home at the national and regional levels based on the most recent price and income data." [15] [3]
The median sale price of an existing home in the U.S. hit an all-time-high of $426,900 in June 2024, and November’s median of $406,100 was not much lower, according to the National Association ...
According to a report by the National Association of Realtors (NAR), the median age of homebuyers hit an all-time high of 56 this year, up from 49 in 2023 -- and 31 in 1981. Combined with the fact...
National home sales and prices both fell dramatically again in March 2007 according to NAR data, with sales down 13% to 482,000 from the peak of 554,000 in March 2006 and the national median price falling nearly 6% to $217,000 from the peak of $230,200 in July 2006. The plunge in existing-home sales was the steepest since 1989.