NAR: Jan. Pending Home Sales Drop 5.7%

Kennith Bogan

Customers have issues getting a property, states NAR’s main economist. He won’t be shocked to see demand decline offered recent “mortgages, home charges and inventory.” WASHINGTON – Pending dwelling product sales slumped in January, continuing what is now a three-month decline in transactions, according to the National Association of Realtors®’ […]

NAR Responds to FEMA’s Flood Insurance Request

Kennith Bogan

NAR’s general public assertion on achievable flood insurance improvements backs mitigation and “2.,” but it doesn’t back again adopting or enforcing a real estate disclosure necessity. WASHINGTON – Leslie Rouda Smith, president of the National Affiliation of Realtors® (NAR), issued a community remark on the Federal Crisis Administration Agency’s (FEMA) […]

NAR Research: Student Loan Debt Makes Home Buying Difficult

Kennith Bogan

How much does university student-mortgage debt effect customers? A three-12 months NAR analyze phone calls for reform, noting that millennials are “drowning in college student mortgage debt.” WASHINGTON – Experts from the housing and better-instruction fields joined plan imagined leaders from the Nationwide Affiliation of Realtors® (NAR) final Wednesday to […]

NAR Realtor Relief Fund Telethon Raises $350K

Kennith Bogan

Realtors lifted virtually $350K in a few hrs in guidance of catastrophe victims. The digital celebration, component of the “Hope Rising” campaign, celebrated RRF’s 20th anniversary. CHICAGO – Realtors just lately lifted approximately $350,000 in just a few hours to assistance disaster victims. National Affiliation of Realtors® (NAR) President Charlie […]

NAR: Existing-Home Sales Down Almost 1% in May

Kennith Bogan

WASHINGTON – Nationwide present-residence revenue diminished for a fourth straight month in May perhaps, according to the Nationwide Affiliation of Realtors® (NAR). Only 1 big U.S. region recorded a thirty day period-over-thirty day period boost, while the other three regions observed sales drop. However, just about every of the 4 […]

NAR: Vacation Home Sales Rose 16.4% in 2020

Kennith Bogan

Lee County tops NAR’s list of U.S. counties for the best enhance in getaway property revenue, with Collier County also earning the top 10 checklist. In 2020, vacation residence product sales were being 5.5% of full current-house income in 2019, they ended up 5%. Holiday home median prices have been […]

NAR Partners with LGBTQ+ Real Estate Alliance

Kennith Bogan

The Countrywide Affiliation of Realtors claims the new partnership will “identify training chances … cultivate LGBTQ+ leaders and mobilize associates.” WASHINGTON – The National Affiliation of Realtors® (NAR) introduced a new partnership with the LGBTQ+ Serious Estate Alliance. The Alliance was launched June 2020 and has chapters all through the […]

NAR Counters Proposal Limiting 1031-Exchanges to $500K

Kennith Bogan

Below Pres. Biden’s proposal, 1031 like-form exchanges only defer $500K from taxation. NAR claims not to worry, nevertheless. There is time before any decisions are made. WASHINGTON – President Joe Biden’s new tax proposal incorporates a $500,000 restrict on the amount of deferred achieve from Section 1031 like-form exchanges. If […]

NAR: Setting the Record Straight on Fair Housing

Kennith Bogan

HUD just lately weakened a rule to affirmatively boost reasonable housing plans, and NAR objected to the choice. NAR’s director of reasonable housing plan suggests the policy was “baked into the unique Fair Housing Act of 1968,” and nixing it is “a stage backward in the push towards equal housing option.” […]