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NAR

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With more than 1.3 million members, the National Association of REALTORS (NAR) is the voice for real estate. Visit REALTOR.org to see how our real estate resources can benefit you.

REALTOR® magazine (http://www.realtor.org/realtormag) is the official magazine of the NATIONAL ASSOCIATION OF REALTORS® and the business tool for real estate professionals.

The magazine advances real estate best practices, brings expert insight to significant trends, and provides REALTORS® with timely decision-making tools on business purchases and strategies.

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Walt Molony
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FHA Mortgage Insurance Premium Reduction a Fresh Start, Says NAR President Brown

Lower costs are coming for homebuyers seeking a Federal Housing Administration -insured mortgage. FHA announced today that they are cutting annual premiums for mortgage insurance from 0.85 percent to 0.60 percent, a move the National Association of Realtors® said breathes new life into the program.

NAR CEO Dale Stinton to Retire, Search Firm Retained

After 36 years of service, National Association of Realtors® CEO Dale Stinton will retire from the association in 2017. Chicago-based executive search firm Heidrick & Struggles has been retained to find Stinton’s replacement

Pending Home Sales Backpedal in November

Pending home sales dipped in November to their lowest level in nearly a year as the brisk upswing in mortgage rates and not enough inventory dispirited some would-be buyers, according to the National Association of Realtors. Only the Northeast saw monthly and annual pending sales gains last month.

Existing-Home Sales Forge Ahead in November

A big surge in the Northeast and a smaller gain in the South pushed existing-home sales up in November for the third consecutive month, according to the National Association of Realtors

Home Sales Expected to Expand Modestly in 2017 As Affordability Pressures Temper Buyer Enthusiasm

Existing-home sales are forecast to muster only a small gain in 2017 because of increasing mortgage rates and shrinking consumer confidence that now is a good time to buy a home, according to new consumer survey findings and a 2017 housing forecast update from the National Association of Realtors®.

2017 Realtor® Broker Summit to Feature Market Forecasts and Insights, Inspiring Keynotes

Real estate brokers understand the importance of learning best practices regarding management and entrepreneurial skills and gaining valuable real estate insights that can make their brokerages more successful. For this reason, the National Association of Realtors® is inviting brokers from across the country to attend the 2017 Realtor® Broker Summit in San Diego at the exclusive Fairmont Grand Del Mar resort.
NAR

Challenges and Opportunities for Homeownership Take Center State at National Association of Realtors®, S&P...

The homeownership rate in America continues to hover around a 50-year low, but experts gathered for an event in the Washington, D.C. offices of the National Association of Realtors® said today that there are real-world opportunities to turn that trend around.

National Association of Realtors® Congratulates Dr. Ben Carson, Nominee for Secretary of Housing and...

In response to the announcement of Dr. Ben Carson as President-Elect Donald J. Trump’s selection for Secretary of Housing and Urban Development, NAR President William E. Brown issued the following statement

Second Century Ventures Accepting Applications for 2017 REach Accelerator Class

Second Century Ventures, the National Association of Realtors®’ strategic investment arm, is accepting applications for its 2017 REach® accelerator class now through January 31, 2017

Pending Home Sales Crawl Forward in October

Pending home sales were mostly unchanged in October, but did squeak out a meager gain for the second consecutive month, according to the National Association of Realtors

Consumers and Realtors® Show Greater Interest in Smart Home Technologies, Certifications

As smart homes become more popular among consumers, buyers and sellers are showing greater interest in those homes and smart-home technologies and Realtors® in a certification to acknowledge their experience and expertise in those features

Existing-Home Sales Jump Again in October

Existing-home sales ascended in October for the second straight month and eclipsed June's cyclical sales peak to become the highest annualized pace in nearly a decade, according to the National Association of Realtors®. All major regions saw monthly and annual sales increases in October

Second Century Ventures Invests in Trust Stamp and Keeping Realtors® Safe

The National Association of Realtors®’ venture capital fund Second Century Ventures has become a strategic investor in Trust Stamp, an identity authentication company that leverages artificial intelligence and blockchain technologies.

Just-Released FHA Report Shows Fresh Opportunity to Make Homeownership More Affordable

The Federal Housing Administration’s just released (link is external) actuarial report shows that the Mutual Mortgage Insurance Fund is on a steady financial trajectory, a finding the National Association of Realtors® believes is an opportunity to make FHA’s low-down-payment mortgage option available to an even broader swath of borrowers

NAR Installs 2017 Officers

Bill Brown, a second generation Realtor® from Alamo, California was installed today as 2017 president of the National Association of Realtors® at the association’s Board of Directors meeting during the 2016 REALTORS® Conference & Expo. Brown has been active in real estate for 36 years and is the founder of Investment Properties, a division of the family real estate business started by his father, William H. Brown, in 1964, which focuses on the sale of apartment buildings to both institutional and private capital investors.

NAR Presents Realtor® Pat Kaplan with Distinguished Service Award

Pat G. Kaplan, a Realtor® from Portland, Oregon has received the National Association of Realtors® 2016 Distinguished Service Award. The honor is presented yearly to no more than two of NAR’s more than 1.2 million members. Winners were recognized at the REALTORS® Conference & Expo in Orlando, Florida.

Realtors® Gather in Orlando Focused on Real Estate Opportunities Ahead

As the country heads into the final days of the general election, Realtors® are convening in Orlando, Florida for the 2016 REALTORS® Conference & Expo, themed "Educate. Innovate. Celebrate."

Housing Supply Crunch Accelerates Metro Home Price Growth during Third Quarter

Persistent supply shortages throughout the country led to slightly faster home price appreciation during the third quarter, according to the latest quarterly report by the National Association of Realtors®. The report also revealed that seven of the 10 most expensive housing markets in the U.S. are in the West, including San Jose, California, which had a median single-family home price of $1 million for the second straight quarter.

First-time Buyers, Single Women Gain Traction in NAR’s 2016 Buyer and Seller Survey

The quickening pace of home sales over the past year included a small rebound from two key segments of buyers who have been missing in action in recent years: first-time buyers and single women.

First-time Buyers Steer Existing-Home Sales Higher in September

Existing-home sales rebounded strongly in September and were propelled by sales from first-time buyers reaching a 34 percent share, which is a high not seen in over four years, according to the National Association of Realtors®. All major regions saw an increase in closings last month, and distressed sales fell to a new low of 4 percent of the market.

Five Notable Nuggets from NAR’s Home Buyer and Sellers Survey’s 35-Year History

tional Association of Realtors®, mortgage rates were over four times higher than they are today and first-time buyers made up a much larger share of overall sales (44 percent). Over time, homebuyer tastes and behaviors have changed, yet many have stayed the same. In anticipation of the 2016 survey release on October 31, NAR has identified five noteworthy real estate trends since the survey’s inception.

New REALTOR® Benefits Partner Allows Members to Save on Financial Management Software

The National Association of Realtors®, through the REALTOR Benefits® Program, has partnered with Intuit, the global leader in financial management software products, to offer exclusive savings on Intuit's signature products QuickBooks® Self-Employed and TurboTax

FHA Single Family Handbook Update Delivers Clarity for Appraisers, Say Realtors®

Realtors® raised concerns earlier this year when the Federal Housing Administration’s “Single Family Housing Policy Handbook” included new requirements for appraisers to operate and physically observe appliances on a property during the completion of an appraisal. This inspector-type role far exceeded previously understood appraiser duties and had the potential to make appraisals longer and more costly for consumers.

Pending Home Sales Retreat in August

After bouncing back in July, pending home sales cooled in August for the third time in four months and to their lowest level since January, according to the National Association of Realtors

NAR President Tom Salomone Calls HUD Condo Rule a “Start,” but Says More Changes...

When H.R. 3700, the “Housing Opportunity Through Modernization Act,” was signed into law earlier this year, the Department of Housing and Urban Development was given notice that they had 90 days to weigh in on regulations related to Federal Housing Administration financing for condominiums before changes automatically went into effect. These included rules regarding owner-occupancy rates and treatment of spot loans, among others

Outdoor Remodeling Projects See High Happiness and Financial Returns, Say Realtors

Homeowners looking to tackle a remodeling project should head outside, according to a new report from the National Association of Realtors® and National Association of Landscape Professionals.

Existing-Home Sales Soften Further in August

Existing-home sales eased up in August for the second consecutive month despite mortgage rates near record lows as higher home prices and not enough inventory for sale kept some would-be buyers at bay, according to the National Association of Realtors®. Only the Northeast region saw a monthly increase in closings in August, where inventory is currently more adequate.

Realtors® Claim Victory against Patent Abuse with Settlement

The National Association of Realtors® is declaring a major victory against patent abuse in a settlement with Data Distribution Technologies, a subsidiary of the patent enforcement firm General Patent Corporation. DDT sued and threatened several real estate businesses in the past over use of a technology-related patent, but NAR challenged the patent’s validity before the U.S. Patent and Trademark Office and filed a declaratory judgment lawsuit on behalf of NAR members.

NAR Study Finds Real Estate Firms Have Positive Outlook, Despite Sales Volume Decrease

The vast majority of real estate firms have an optimistic outlook for the future of the industry’s profitability and growth, according to the National Association of Realtors® 2016 Profile of Real Estate Firms. Profitability expectations have declined from the 2015 survey, mainly due to inventory shortages and home-price growth, but real estate firms remain confident about their overall future profitability.

NAR Settles Patent Dispute with Data Distribution Technologies, LLC

Data Distribution Technologies, LLC (“DDT”) and the National Association of Realtors® (“NAR”) have settled several proceedings relating to U.S. Patent No. 6,529,908, titled Web-updated database with record distribution by email, including an Inter Partes Review of the patent requested by NAR. The terms of the settlement agreement include a covenant not to sue by DDT as to all NAR members, local and state associations, MLSs, affiliates, and certain other NAR-related entities.

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We Must Shrink the Skills Gap By Investing in Energy Workforce...

Ranking Member of the Senate Energy and Natural Resources Committee Maria Cantwell (D-Wash.) applauded the U.S. Department of Energy’s new report on national energy employment and urged support of energy workforce training programs.

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Z Gallerie to Open 225,000 Square-Foot Warehouse in Lithia Springs

JLL announced today it has represented Z Gallerie in its plans to open an east coast distribution and customer service center at Skyview Business Center in Lithia Springs, west of Atlanta. The distribution center is expected to create 115 jobs and be fully operational by 2019. JLL Senior Vice President Steve Grable, SIOR and Executive Vice President Barry Hill represented Z Gallerie in the lease negotiations