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Up, Up, and Away: Prices of Existing Homes Hit All-Time High

Published Monday, June 25, 2018

It's getting ever more expensive to buy a home, as the median price of an existing home has hit a new all-time high—and is likely to keep rising.

Buyers shelled out a median $267,500 for an existing home (one that has previously been lived in) in May, according to the most recent National Association of Realtors® report. That is up nearly 3% from April and represents a 5.2% annual rise.

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Association-backed health insurance coverage OK’d

Published Monday, June 25, 2018

WASHINGTON – June 20, 2018 – The Department of Labor released a final rule Tuesday that makes it possible for real estate professionals to participate in an association health plan (AHP), though it's not a done deal – hurdles remain, according to the National Association of Realtors® (NAR).

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Catering To An Increasingly International Real Estate Investor Base

Published Wednesday, January 31, 2018

For luxury real estate professionals looking to level-up their business in 2018, the key to surpassing the competition will lie in the ability to service an increasingly international client base. 

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9 grants and programs that help secure a first home

Published Tuesday, December 12, 2017
WASHINGTON – Dec. 11, 2017 – Money issues often stand in the way of homeownership. A survey by rental service Apartment List found that 80 percent of millennial renters want to buy a home, but most say they can't afford to. What you may not realize is that many first-time homebuyer programs and grants offer financial help, and you may be more»

Some sellers need contract in 2017 to avoid big tax bill

Published Monday, December 4, 2017
WASHINGTON – Dec. 1, 2017 – Some home sellers need a sale contract inked before the end of 2017 in order to avoid a big tax bill that would be imposed if the Congress' tax reform proposals become law: Both the House and Senate bills require sellers to have lived in their residence for a longer period of time before qualifying for the capital more»

As House Passes Middle-Class Tax Increase, Realtors® Say Their Work is Just Getting Started

Published Monday, November 20, 2017
WASHINGTON (November 16, 2017) – The House of Representatives today passed H.R. 1, the “Tax Cuts and Jobs Act,” a bill National Association of Realtors® President Elizabeth Mendenhall has called an all-out assault on homeownership. Mendenhall issued the following statement: “It’s disappointing to see this legislation move more»

NAR honors Florida Realtors with two global awards

Published Thursday, November 9, 2017
CHICAGO – Nov. 8, 2017 – The National Association of Realtors® (NAR) presented two international awards to Florida Realtors this past weekend at its annual convention in Chicago: The Platinum Global Achievement Program Award and the Global Outreach Effort Award, which recognizes the annual global issue of Florida Realtor magazine. Platinum more»

Here’s how credit scores affect your mortgage rate

Published Thursday, October 12, 2017
NEW YORK – Oct. 11, 2017 – Without a high credit score, you won't qualify for the best mortgage rates available, which could mean you'll end up paying more money over the term of your mortgage. Even with rates near historic lows now, the difference between 4 percent and 4.25 percent can add up, especially if you're applying for a 30-year more»
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