NAR
International Activity in U.S. Residential Real Estate Market Declines, According to Realtor® Survey
Rising home prices and low inventory led to a decline in foreign home purchases in the United States. Total international sales totaled $121 billion during April 2017 to March 2018, a 21 percent decline from the previous 12-month period, according to an annual survey from the National Association of Realtors
Existing-Home Sales Subside 0.6 Percent in June
Existing-home sales decreased for the third straight month in June, as declines in the South and West exceeded sales gains in the Northeast and Midwest, according to the National Association of Realtors®. The ongoing supply and demand imbalance helped push June’s median sales price to a new all-time high.
National Association of Realtors® Applauds Introduction of 21st Century Internet Act
The National Association of Realtors® commends Rep. Mike Coffman for his introduction of the 21st Century Internet Act. Rep. Coffman’s bill comes in response to the Federal Communications Commission’s 2017 decision to dismantle net neutrality regulations, with the legislation ensuring that Internet Service Providers, or ISPs, cannot block or throttle online content or services.
Foreign Investment in U.S. Commercial Real Estate Remains Strong, China and Mexico Top Investors
Nearly one-fifth of Realtors® practicing in commercial real estate closed a sale with an international client in 2017, and 35 percent said they have experienced an increase in the number of international clients in the past five years, according to a report from the National Association of Realtors
National Association of Realtors® Event Examines State of Fannie, Freddie Reform
With America’s homeownership rate struggling to match falling unemployment and increasing consumer confidence, protecting the benefits of the secondary mortgage market remains critical to the health of the overall housing industry.
Realtors® Commend Supreme Court Decision Promoting Fairness Between Online, Main Street Businesses
The Supreme Court today announced its decision in the case of South Dakota v. Wayfair, Inc., holding that states have the right to require online sellers to collect and remit sales tax.
HOME Survey: Housing and Economic Outlook Remains Steady in Second Quarter of 2018
New findings from the National Association of Realtors® show that a high number of Americans, 75 percent, believe that now is a good time to sell a house, while 68 percent think it is a good time to buy. That’s according to NAR’s second quarter Housing Opportunities and Market Experience (HOME) survey
Existing-Home Sales Backpedal, Decrease 0.4 Percent in May
Existing-home sales fell back for the second straight month in May, as only the Northeast region saw an uptick in activity, according to the National Association of Realtors. Total existing-home sales1, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, decreased 0.4 percent to a seasonally adjusted annual rate of 5.43 million in May from downwardly revised 5.45 million in April
NAR Applauds Rule Making Realtors® Eligible to Participate in Association Health Plans
The U.S Department of Labor today finalized its rule to expand the definition of “employer” to include “working owners,” allowing real estate professionals and other self-employed individuals to participate in association health plans. The ruling also makes AHPs available to independent contractors who are offered coverage through a spouse, the current source of coverage for roughly 40 percent of Realtors
Realtors® Celebrate National Homeownership Month in June
In recognition of National Homeownership Month in June, National Association of Realtors® President Elizabeth Mendenhall, a sixth-generation Realtor® from Columbia, Missouri and CEO of RE/MAX Boone Realty issued the following statement
Pending Home Sales Lose Steam in April, Decline 1.3 Percent
After two straight months of modest increases, pending home sales dipped in April to their third-lowest level over the past year, according to the National Association of Realtors®. All major regions saw no gain in contract activity last month.
Home of the Brave — A Look at Active Military and Veteran Homeownership
Differences in household composition and financing options incentivize homebuying demand for veteran and active military, according to the 2018 Veterans & Active Military Home Buyers Profile, which evaluated the differences of recent active-service and veteran home buyers and sellers to those who have never served.
National Association of Realtors® Applauds Passage of Banking Reform Bill
The U.S. House passed bipartisan legislation today that the National Association of Realtors® believes will bring much-needed bank regulatory relief and consumer protections and is a step in the right direction for the industry. S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act contains several favorable provisions for housing
National Association of Realtors® to Launch .realestate Top-Level Domain
The National Association of Realtors® will be launching a new top-level domain, .realestate, later this year. The new domain extension is scheduled to be available in September for members of NAR, with a late November release to the general public.
Statement from NAR President Elizabeth Mendenhall Regarding Board Vote to Raise Professionalism, Member Dues
- The National Association of Realtors® Board of Directors today voted to raise the bar on professionalism with two amendments to the association's strict member Code of Ethics. Those amendments include publishing limited information about members who violate the Code of Ethics, such as name, photograph, and a description of the violations, as well as requiring listing brokers to provide
Housing Economists Call for Increase in Home Construction
An increase in housing supply is crucial to the health and sustainability of the real estate market and the economy, according to speakers at a session organized by the REALTOR® University Richard J. Rosenthal Center for Real Estate Studies during the 2018 REALTORS® Legislative Meetings & Trade Expo.
Realtors® Midyear Forecast: Home Sales, Prices to Rise Despite Inventory, Affordability Challenges
A stronger economy, wage growth and an improving job market are expected to march home sales and prices higher in 2018, but low supply and weakening affordability will tamper the rate of increases, according to speakers at a residential real estate forum during the 2018 REALTORS® Legislative Meetings & Trade Expo.
Rethinking Real Estate Valuations and Alternatives to Traditional Appraisals
Appraisals are a vital part of the real estate transaction and have traditionally been done in-person by an experienced appraiser, but efforts to reduce costs, increase efficiencies and incorporate more innovation, technology and data in the valuation process are expanding the use of alternative valuation methods
Jerry Giovaniello, National Association of Realtors® Chief Lobbyist, to Retire at Year’s End
Jerry Giovaniello, long-time senior vice president and chief lobbyist at the National Association of Realtors® will retire at the end of this year. Giovaniello is among Washington's most well-respected lobbyists, and for 37 years he has successfully advocated vital legislative and regulatory issues before Congress
REALTORS® Focus on the Future of Fair Housing
Dr. Ben Carson, secretary of the Department of Housing and Urban Development, joined thousands of members of the National Association of Realtors® at a general session today during the 2018 REALTORS® Legislative Meetings & Trade Expo to commemorate the 50th anniversary of the Fair Housing Act.
