Voice of Real Estate
@LocalErieBoard
Greater Erie Board of REALTORS®, Inc
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As interest rates rise, borrowing becomes costly, leading more buyers to make all-cash purchases. In October 2025, 29% of buyers paid in cash. Older, financially established buyers dominate this trend. Explore more on the topic: nar.realtor/blogs/economis…
Home prices rose in Q3 2025, with national median prices up 1.7% to $426,800. Monthly mortgage payments increased to $2,187. The median family income needed for a 20% down payment is $104,996. Read more: nar.realtor/blogs/economis…
The Housing Affordability Index measures whether or not a typical family earns enough income to qualify for a mortgage loan on a typical home at the national and regional levels based on the most recent price and income data. See the latest: nar.realtor/research-and-s…
In September 2025, pending home sales were stable, without change month-over-month. #NARPHS nar.realtor/infographics/p…
The increase in the SALT deduction means that many more current and prospective homeowners will be able to receive federal tax benefits for owning and purchasing a home. nar.realtor/magazine/real-…
NAR supported the Homebuyers Privacy Protection Act, stopping home buyers from being inundated with spam calls, texts and emails from competing lenders offering loans. Read Senior Policy Representative Matthew Emery's latest op-ed in @RISMediaUpdates: rismedia.com/2025/10/17/con…
"Lower mortgage rates are prompting more confident moves in the market for home buyers." Read more of the latest on pending contracts. #NARPHS nar.realtor/magazine/real-…
Existing-home sales remained essentially the same in August (down by 0.2% from July). Month-over-month sales increased in the Midwest and West, and fell in the Northeast and South. #NAREHS nar.realtor/newsroom/nar-e…
The Federal Reserve lowered its benchmark interest rate by a quarter percentage point down to a range of 4.0% to 4.25%, its first rate change in nine months, and expects two more cuts this year. A quarter-point cut was widely anticipated, and already largely priced into mortgage…
In July, inventory levels reached their highest point since the 2020 lockdown, and wage growth outpaced the rise in home prices. bit.ly/41PIXqg
The housing market is finally starting to give buyers a little more breathing room. According to @realtordotcom, July marked the 21st month in a row of rising listings, meaning more homes to choose from. But there’s a catch: inventory growth is starting to cool, and new listings…
Pending sales declined month-over-month in the Northeast and Midwest, held essentially flat in the South, and rose in the West. Year-over-year, sales decreased in the Northeast and West but increased in the Midwest and South. #NARPHS nar.realtor/newsroom/nar-p…
Download NAR’s new consumer guide that explains the benefits of mortgage deductions and how it pertains to home ownership. nar.realtor/the-facts/cons…
nar.realtor
Consumer Guide: State and Local Tax (SALT) Deductions
Homeownership has always had its perks when it comes to tax deductions, but the latest tax reform helps homeowners save even more money. Here’s why.
We’ve partnered with the Realtors Relief Foundation. Join us today. Donations go directly to impacted TX residents. Donate now: rltor.cm/c9zsqu
The U.S. housing market is shifting in a buyer-friendly direction. June housing data shows: 🔹 Total homes for sale: ↑28.1% YoY 🔹 Total number of unsold homes: ↑19.5% 🔹 Home price cuts on 20.7% of listings (the highest share for any June since 2016) The market continues…
In May 2025, pending home sales rose 1.8% month-over-month. #NARPHS nar.realtor/infographics/p…
“The Northeast’s housing shortage is boosting prices, with more than 1/4 of homes selling above list price. More inventory in South gives buyers more negotiation power. Price declines in South should be considered temporary given the region’s strong job creation.” - Yun #NARPHS
The typical homeowner now has a net worth ($430k) that's 43 times greater than that of the average renter ($10k), according to an analysis of federal data by the National Association of Realtors. money.com/homeowners-wea…
Communication matters. Learn when, how, and what agents should share with appraisers to support accurate valuations. Join NAR leaders E’Toile O’Rear-Libbett and Maureen Sweeney on June 24 at 2 p.m. ET. Register now! nar.realtor/appraisal-valu…
Homeownership isn’t just about having a place to live—it’s a powerful way to build long-term wealth. Tune in to this week’s episode of Real Estate Today for smart strategies to help make it happen in today’s competitive market. nar.realtor/real-estate-to…
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