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Real Estate News
 
November 2007
> Existing Home-Sales in October Show Mixed Results
Single-family existing-home sales were stable in October while the condo sector was down, says the NATIONAL ASSOCIATION of REALTORS ® .
 
> Slim Chance of Recession, But Job Growth May Slow
Although the economy is facing some challenges, there's only about a 10 percent chance of recession, and that's good news for commercial real estate, says NAR's chief economist.
 
> FHA, Fannie Mae Help Minimize Subprime Fallout
In just the last 12 months, the FHA has doubled its loan volume and is on track to reach some 240,000 borrowers in 2007.
 
> NAR Survey: FSBO Rate Remains Steady in 2007
The level of for-sale-by-owner transactions remains at a record low, according to the just-released NATIONAL ASSOCIATION OF REALTORS® 2007 Profile of Home Buyers and Sellers.
 
> Communities Thirsty for Water Supply Solutions
Managing, developing, and protecting the nation’s water resources is key to supporting the economic growth and development in communities everywhere.
 
> American Dream Comes True for Las Vegas Family
A family receives the keys to their very own three-bedroom home from NAR President Pat V. Combs during an afternoon dedication ceremony.
 
> NAR Donation Helps Homeless Vets
To help combat the problem of homelessness among U.S. military veterans, NAR presented a $5,000 check to the Las Vegas office of U.S. VETS, an organization that helps vets find housing, jobs, and training.
 
> Sound Fundamentals Promise Improved Housing Market
NAR President Pat V. Combs, puts a team together to gather the facts behind consumers staying on the homebuying fence in the midst of solid U.S. economic performance.
 
> Homeless Rate Among Vets 'Unacceptable,' NAR Says
Military veterans represent more than 25 percent of the U.S. homeless population, although they comprise only 11 percent of the civilian adult population.
 
> Buying a Home is a Great Way to Build Long-Term Wealth
There are some other important dividends, too.
 
> NAR: Mortgage Conditions Bode Well for Housing
Ample availability of financing and advantageous pricing create conditions for improved sales in 2008.
 
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