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H.R. 3700, the “Housing Opportunity Through Modernization Act,” officially became the law of the land over the weekend with the signature of President Barack Obama. NAR President Tom Salomone hailed Senate passage of the legislation earlier this month, saying H.R. 3700 will “put the dream of homeownership back in reach for more Americans.” “Realtors® have… Continue Reading VIDEO: NAR Condo Legislation Signed into Law
Stagnant wage growth, underemployment, rising home prices and tight inventory have all been pinpointed as reasons why the homeownership rate for young adults remains subdued at levels not seen in decades. According to new data from the National Association of REALTORS®, you can add repaying student debt to the list of barriers holding back millennials… Continue Reading Story Idea: Student Debt and Homeownership
If you’re looking to get into property management, you’ll want to research your potential clients. And property owners who are considering becoming landlords will be looking for a real estate professional who’s familiar with their needs. According to a recent survey of 2,000 landlords conducted by TransUnion, 44 percent are age 34 and under and… Continue Reading Who Are Today’s Landlords?
WASHINGTON (July 29, 2016) — Since the October 2015 implementation of the Consumer Financial Protection Bureau's ‘Know Before You Owe' mortgage initiative, Realtors® have raised red flags over challenges in gaining access to what's known as the mortgage "closing disclosure" form, or CD. The CD is delivered to homebuyers in advance of their closing and… Continue Reading Consumers Stand to Win Big With Proposed 'Know Before You Owe' Rule Coming Their Way
WASHINGTON (August 4, 2016) — The U.S. homeownership rate has slowly fallen in recent years to currently its lowest level since 19651, but new research from the National Association of Realtors® reveals that there are affordable metro areas right now with above-average hiring and a large segment of current renters who earn enough income to… Continue Reading NAR Identifies Top Markets Where Renters Can Afford to Buy
CHICAGO (July 28, 2016) - Second Century Ventures, the strategic investment arm of the National Association of Realtors®, has selected Dave Garland – a respected industry consultant and investor – to join the firm. Garland will help set a forward looking direction for the venture capital fund, which develops early-stage technology companies, and guide its… Continue Reading NAR’s Second Century Ventures Adds Top Industry Strategist Dave Garland to Investment Team
WASHINGTON (July 27, 2016) — Pending home sales were mostly unmoved in June, but did creep slightly higher as supply and affordability constraints prevented a bigger boost in activity from mortgage rates that lingered near all-time lows through most of the month, according to the National Association of Realtors®. Increases in the Northeast and Midwest… Continue Reading Pending Home Sales Marginally Rise in June
WASHINGTON (July 28, 2016) – The median annual income and number of sales transactions of National Association of Realtors® commercial members decreased slightly as the number of new commercial members significantly increased in 2015, according to the 2016 NAR Commercial Member Profile. The number of commercial members with less than two years of experience nearly… Continue Reading NAR Reports Significant Increase in Commercial Membership
Commercial real estate space is heavily concentrated in large buildings, but large buildings are a relatively small number of the overall stock of commercial buildings. In terms of inventory, commercial real estate markets are bifurcated, with the majority of buildings (81 percent) being relatively small (small cap CRE), while the bulk of commercial space (71… Continue Reading Commercial Sales in REALTORS® Markets Rise 8.4 Percent in Q2.2016