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NAR

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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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Existing-Home Sales Ascend Again in June, First-time Buyers Provide Spark

Boosted by a greater share of sales to first-time buyers not seen in nearly four years, existing-home sales maintained their upward trajectory in June and increased for the fourth consecutive month, according to the National Association of Realtors®. Only the Northeast saw a decline in closings in June, and sales to investors fell to their lowest overall share since July 2009.

NAR-backed Condo Legislation Passes U.S. Senate, Offers Relief for Homebuyers

The U.S. Senate tonight passed H.R. 3700, the "Housing Opportunity Through Modernization Act," by unanimous consent. This legislation includes reforms to current Federal Housing Administration restrictions on condominium financing, among other provisions, and is long supported by the National Association of Realtors

Affordability, Student Debt Causing Chasm about Buying between Homeowners, Renters

Despite lackluster economic growth and stark home-price appreciation in several parts of the country in recent months, roughly three-quarters of surveyed households still believe now is a good time to buy a home, but there's a considerable gap in morale between homeowners and renters, according to the latest installment of the National Association of Realtors® Housing Opportunities and Market Experience (HOME) survey1. The survey also found that roughly half of young adults with student debt are uncomfortable about taking on a mortgage.

International Home Sales Dollar Volume Retracts in U.S., Chinese Lead Purchases

Waning economic growth in many countries and higher home prices further enhanced by a strengthening U.S. dollar resulted in a slight decline in international sales dollar volume of U.S. property over the past year and a significant retreat in buying from non-resident foreigners

REALTORS® to Congress: Flood Insurance Rates Post Threat to Business, Homeownership

Flood insurance costs continue to put small businesses and homeownership at risk, but the National Association of Realtors® told U.S. Senators today that a range of solutions are on the horizon

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...

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.

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Affordable Housing Comes to U Street with the Funding of Portner...

On July 7th, the District of Columbia Housing Finance Agency (DCHFA) closed on the financing of an affordable housing development in one the District’s most sought after neighborhoods, the U Street Corridor. The Agency issued $27 million in short term DCHFA tax exempt bonds providing a portion of the funding for the acquisition of Portner Place and construction of Portner Flats (1440-1450 V Street, NW) located in Ward 1, one block west of The Frank D. Reeves Municipal Center at 14th and U Streets, NW

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HomeServe to Provide WSSC Customers Home Repair Service Plans

WSSC today announced that HomeServe USA (HomeServe) will offer its customers home pipe repair service plans. The 450,000 WSSC residential customers in Prince George’s and Montgomery counties will be offered optional water service line repair plans, as well as sewer line and in-home plumbing plans through HomeServe