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Who are REALTORS®?

NAR has been surveying its members about their professional and personal characteristics for years. In the latest, 2008 NAR Member Profile, some changes in the demographics of REALTORS® are evident. For a look at the latest, see our Market Intelligence feature this month.
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Subprime Mortgage Meltdown

Foreclosures make headlines, and legislators get great coverage with their focus on trying to stem the tide of foreclosures. Where were those foreclosures and what is the outlook for the future? George Ratiu gives us an overview.
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Existing Home Sales

Existing-home sales slowed in April, declining 1.0 percent from the previous month to a seasonally adjusted annual rate of 4.89 million units, and off 17.5 percent below the pace in April 2007. March's resales figures were revised upward to 4.94 million seasonally adjusted annualized units. The national median existing-home price for all housing types was $202,300 in April, 8.0 percent below a year ago. It's important to note that because the slowdown in sales from a year ago is greatest in high-cost areas, there is a downward distortion to the national median with relatively more sales in low- and moderate-priced markets. Some areas where local economies are solid are showing price gains. Total housing inventory at the end of April rose 10.5 percent to 4.55 million existing homes available for sale -- an 11.2-month supply at the current sales pace.
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Did You Miss....

...the Research forums at the NAR Midyear Meetings? If so, don't worry. Presentations made by NAR Chief Economist Lawrence Yun and others are available at our web site.
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