National Association of REALTORS®

National Association of REALTORS®

The National Association of Realtors (NAR) is a prominent trade association in the United States, representing professionals in the real estate sector. With a membership exceeding 1.4 million, it ranks among the largest trade associations in the country. NAR includes various institutes, societies, and councils that cover every facet of both residential and commercial real estate. The association has trademarked the term "realtor," which means only its members can use that title. Additionally, NAR serves as a self-regulatory body for real estate brokerage practices. Its main office is located in Chicago.

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  • 1 week ago | nar.realtor | Dina Cheney

    © Jay Yuno / E+ / Getty Images Years ago, South Florida–based Steve Snider, managing broker at One Sotheby’s Realty, received a day planner at a conference held by the late Stephen Covey, author of “The 7 Habits of Highly Effective People.” But when the program ended, he drove off, leaving the planner on top of his car. When he realized he’d lost it, Snider wasn’t disappointed. Such structured planning wasn't his cup of tea. “I haven’t had a planner since,” he admits.

  • 1 week ago | nar.realtor | Melissa Tracey

    © sarayut Thaneerat / Moment / Getty Images Home buyers this spring are locking in lower mortgage rates than they could a year ago, when rates pushed above 7%. But even with the latest decline—bringing 30-year fixed rates to a 6.76% average—many prospective buyers aren’t ready to take action. Purchase mortgage applications—a gauge of future buying activity—fell 4% last week compared to the previous week, the Mortgage Bankers Association reported April 30.

  • 1 week ago | nar.realtor | Lawrence Yun

    In April, a total of 177,000 payroll jobs were added to the economy, with average weekly earnings of $1237. Income growth is outpacing consumer price inflation. Regardless of what may be happening on Wall Street, where half of the stock market valuations are held by the top 1% of the population, Main Street America continues to move forward. Homeowners across the country are also faring well as housing equity continues to reach new record highs.

  • 1 week ago | nar.realtor | Melissa Tracey

    Title insurance is an important element in a transaction—but it’s only one financial piece of a home purchase. Title insurance will not help with the immediate financial costs buyers may face when purchasing a home, like the down payment, closing costs or monthly mortgage payments. Loan and grant options for first-time buyers can help make homeownership more affordable.

  • 2 weeks ago | nar.realtor | Melissa Tracey

    © Worawee Meepian / iStock / Getty Images Plus Contract signings for home sales jumped in March, which could indicate a reversal of slowing many markets have experienced this spring. Pending home sales—a forward-looking indicator of home sales based on contract signings—climbed 6.1% in March compared to February, the National Association of REALTORS® reported Wednesday.

National Association of REALTORS® journalists