NAR

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.

Contact:

Walt Molony
202/383-1177

1-800-874-6500

   http://www.realtor.org/

    Pending Home Sales Skid in May

    After steadily increasing for three straight months, pending home sales let up in May and declined year-over-year for the first time in almost two years, according to the National Association of Realtors®. All four major regions experienced a cutback in contract activity last month

    New REALTOR Benefits® Partner Provides Members-Only Online Shopping Destination

    The National Association of Realtors® has partnered with Electronics Row to create a Members’ Gift Galleria(link is external), the first-of-its-kind custom shopping destination exclusively for Realtors®, association members and their families.

    Commercial Drone Use Set to Take Flight with Release of FAA Rule

    Commercial drone use in the real estate business got a boost today with the release of the Federal Aviation Administration’s final rule (link is external) governing small unmanned aerial systems, or UASs, in the national air space.

    Move, Inc.-Zillow Lawsuit Settled

    We are pleased that Zillow has agreed to a settlement amount of $130 million in damages instead of going to trial, and that the parties have reached an amicable resolution.

    71 Percent Believe Student Debt Delays Homeownership

    Seventy-one percent of non-homeowners repaying their student loans on time believe their debt is stymieing their ability to purchase a home, and slightly over half of all borrowers say they expect to be delayed from buying by more than five years

    Top Purchase Markets for Millennial Homebuyers, According to NAR

    A flurry of financial obstacles and lifestyle choices are stalling the journey to homeownership for many young adults, but becoming a homeowner is currently more feasible in some less expensive metro areas with steady job growth and lower qualifying incomes needed to buy, according to new research by the National Association of Realtors

    Pending Home Sales Lift Off in April to Over 10-Year High

    Pending home sales rose for the third consecutive month in April and reached their highest level in over a decade, according to the National Association of Realtors®. All major regions saw gains in contract activity last month except for the Midwest, which saw a meager decline

    Existing-Home Sales Rise in April for Second Straight Month

    Despite ongoing inventory shortages and faster price growth, existing-home sales sustained their recent momentum and moved higher for the second consecutive month, according to the National Association of Realtors®. A surge in sales in the Midwest and a decent increase in the Northeast offset smaller declines in the South and West.

    NAR Member Survey Shows More, Younger Realtors® Entering the Industry

    The median age and years of experience of Realtors® has decreased as new and younger professionals enter the industry, according to the 2016 National Association of Realtors® Member Profile.

    Millennials Changing Face of America, Heavily Impacting Homeownership, Say Experts

    Millennials are bucking trends, changing the landscape of America, and sharply different from previous generations in many different ways. One of the most visible and consequential ways is through millennial homeownership numbers, according to experts on generational trends and homeownership presenting at the 2016 REALTORS® Legislative Meetings & Trade Expo.

    Fine Balance Needed between Property Rights, Regulation of Short-term Rentals

    Mobile and online technology and evolving consumer tastes are changing the dynamics of renting property, and the debate on whether the regulatory response from state and local governments clashes with individual property rights will likely continue, according to speakers at a panel discussion on the current issues surrounding short-term rentals at the 2016 REALTORS® Legislative Meetings & Trade Expo.

    Lending Remains Largest Concern for Commercial Real Estate Market, Say Realtors®

    Realtors® specializing in commercial real estate expressed confidence in the continued recovery seen in the market but concern over the availability of commercial financing, during a commercial economic issues and trends forum at the 2016 REALTORS® Legislative Meetings & Trade Expo.

    Existing-Home Sales on Course for Best Year since 2006, Student Loan Debt Slowing Prospective Buyers

    Relentless supply constraints and home price growth outpacing wages are testing the patience of homebuyers this year, but existing-home sales are still on track to come in at their highest pace since 2006, according to an economic forecast forum here at the 2016 REALTORS® Legislative Meetings & Trade Expo.

    Real Estate Agents, Appraisers Voice Concerns over FHA Appraisal Policies

    While the Federal Housing Administration’s overhaul of its Single-Family Housing Policy Handbook last year offered loan originators more clarity on lending policies and loan underwriting standards, some changes made to the property valuation policies are causing confusion and delays, according to speakers at a real property valuation forum yesterday at the 2016 REALTORS® Legislative Meetings & Trade Expo.

    RealScout Joins REach® Accelerator Class of 2016

    Second Century Ventures, the strategic investment arm of the National Association of Realtors® has accepted RealScout(link is external), an agent-branded web and mobile platform, as the eighth company in its 2016 REach® accelerator class. Last month, SCV announced seven other companies had been chosen to be part of the fourth class.

    HUD Secretary Castro, Panelists Discuss Housing Opportunities for Young Adults Repaying Student Debt

    Struggles exist for many young adults trying to become homeowners, and the burden of repaying their student loan debt is in part delaying their ability to buy, according to speakers at a regulatory issues forum on student debt and homeownership at the 2016 REALTORS® Legislative Meetings & Trade Expo

    Realtors® Gather in Washington to Lay Groundwork for Future Policy Successes

    Thousands of Realtors® from across the nation are meeting with legislators, regulators and industry leaders this week to advance the issues critical to their businesses, communities and clients as the REALTORS® Legislative Meetings & Trade Expo begins.

    NAR Survey: Active Military Homebuyers Purchase at Younger Ages, Buy Larger and More Expensive Homes

    Differences in household demographics and affordable financing options spur homebuying demand for young active-service military members, causing them to significantly outpace the share of non-military homebuyers under the age of 35, according to the first-ever 2016 Veterans & Active Military Home Buyers and Sellers Profile, which evaluates the differences of recent active-service and veteran home buyers and sellers1 compared to those who’ve never served. The survey also found that while nearly all veteran and non-military buyers and sellers use an agent, usage is practically universal among active-service military members.

    Flood Insurance Legislation Promises Flexibility for Consumers

    Property owners who opt to purchase flood insurance in the private market rather than through the National Flood Insurance Program may do so under current rules, but they risk paying higher rates if they return to the NFIP. H.R. 2901, the “Flood Insurance Market Parity and Modernization Act,” passed the U.S. House of Representatives today by a vote of 419-0 and seeks to alleviate that concern

    Pending Home Sales Maintain Momentum in March

    Pending home sales increased slightly in March for the second consecutive month and reached their highest level in almost a year, according to the National Association of Realtors®. Only the West region saw a decline in contract activity last month

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