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David McKey, 2016 Insurance Committee vice chair, testifies before the U.S. Senate Small Business and Entrepreneurship committee about flood insurance.

WASHINGTON (June 30, 2016) — Flood insurance costs continue to put small businesses and homeownership at risk, but the National Association of Realtors® told U.S. Senators today that a range of solutions are on the horizon.

David McKey, 2016 vice chair of NAR's Insurance Committee, testified on NAR… Read More

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WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) today published early findings from a rigorous, large-scale, random assignment study on the benefits that housing education and counseling provides to first-time homebuyers.

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WASHINGTON – U.S. Housing and Urban Development (HUD) Secretary Julián Castro today awarded $8 million to 10 severely distressed neighborhoods to stimulate affordable housing and economic development. Funded through HUD’s Choice Neighborhoods Initiative, these awards will help local leaders to craft comprehensive, homegrown plans to revitalize and transform these neighborhoods.

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WASHINGTON – For many individuals convicted of minor crimes, finding jobs and decent housing is so challenging that many are at extreme risk of homelessness or reentering the criminal justice system. Today, the U.S. Department of Housing and Urban Development (HUD) and the Department of Justice (DOJ) awarded $8.7 million to address homelessness and reduce recidivism among this justice-involved population through the Pay for Success model.

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WASHINGTON (June 29, 2016) — After steadily increasing for three straight months, pending home sales letup in May and declined year-over-year for the first time in almost two years, according to the National Association of Realtors®. All four major regions experienced a cutback in contract activity last month.

The Pending Home Sales Index,* a forward-looking indicator based on contract signings, slid 3.7 percent to 110.8 in May from a downwardly revised 115.0 in April and is now slightly lower (0.2 percent) than May 2015 (111.0)…. Read More

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