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Property, Rentals, Transactions

REALTORS® Advocate Homeownership Opportunities for Veterans on Capitol Hill

The National Association of Realtors® strongly supports the Veterans Affairs Department’s Home Loan Guaranty Program and Specially Adapted Housing Grants and looks forward to working with the VA on further initiatives to ensure homeownership remains in reach for America’s veterans

Realtors® Applaud House Passage of “Housing Opportunity Through Modernization Act”

The U.S. House of Representatives voted today to advance legislation that will expand opportunities for homeownership. H.R. 3700, the "Housing Opportunity Through Modernization Act," includes a number of initiatives that have strong support from the National Association of Realtors®, who hailed the vote as important progress for home buyers and sellers.

FHA Cuts Multifamily Insurance Rates for Affordable and Energy-Efficient Housing

January 28, HUD announced that the Federal Housing Administration (FHA) will reduce its multifamily insurance rates to stimulate the production and rehabilitation of affordable rental housing. These rate reductions, effective April 1, will apply to the FHA-HFA Risk-Sharing program and other FHA multifamily housing programs that help finance properties housing low-income families and developments installing energy-efficient systems or building within federal energy guidelines.

Pending Home Sales Tick Up in December

Pending home sales were mostly unchanged in December, but inched forward slightly, fueled by a large increase in the Northeast that outpaced declines in the other three major regions, according to the National Association of Realtors

REALTOR® Magazine Seeks Entries for 2016 Volunteering Works Program

Realtors® not only help their clients achieve the American Dream by helping them buy and sell their homes, they also volunteer countless hours to help improve and develop their communities. For eight years, REALTOR® Magazine's Good Neighbor Society has helped Realtors® extend and enhance their charitable work through the Volunteering Works grant and mentoring program. The program, which assigns mentors to Realtors® who want to increase and expand their community service outreach, is now seeking entries.

Experts, numbers show optimism for Maine real estate in 2016

The Maine Real Estate & Development Association (MEREDA) hosted a record-breaking 800 attendees earlier this month for the group’s annual Forecast Conference, where about a dozen experts reviewed Maine real estate trends from 2015, and predicted what is in store for 2016. The event, which also included a robust business showcase and was sponsored by TD Bank, proved to be a veritable who’s who of development in Maine. Attendees listened with rapt attention and celebrated the market’s return to pre-recession, 2006 levels.

Existing-Home Sales Surge Back in December

Existing-home sales snapped back solidly in December as more buyers reached the market before the end of the year, and the delayed closings resulting from the rollout of the Know Before You Owe initiative pushed a portion of November's would-be transactions into last month's figure, according to the

NAR Tech Edge Ensures REALTORS® Stay Informed of the Latest Tech Tools

Technology has reinvented the way Realtors® conduct real estate transactions and connect with clients, and staying up-to-date on new and emerging technologies is an essential part of the real estate profession. To help Realtors® stay abreast of latest mobile and online technologies, the National Association of Realtors® is continuing its one-day technology conference series, NAR Tech Edge.

New Vision Insurance and Telemedicine Program Available to Realtors

National Association of Realtors® members now have access to two new offerings through the Realtors® Insurance Marketplace; members now have access to Realtors® Vision Insurance plans and Members TeleHealth, a telemedicine service plan

Home Remodeling Activity Looking to Gain Steam Through Mid-Year

Expenditures for home improvements should see healthy gains in 2016, according to the Leading Indicator of Remodeling Activity (LIRA) released today by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.

Researchers Pinpoint the Drivers for Low-Priced PV Systems in the United States

The price of solar photovoltaic (PV) systems installed on homes and small businesses spans a wide range, and researchers from the U.S. Department of Energy’s Lawrence Berkeley National Laboratory (Berkeley Lab) have published a new study that reveals the key market and system drivers for low-priced PV systems.

Apartment Markets Recede in the January NMHC Quarterly Survey

All four indexes in the January 2015 National Multifamily Housing Council (NMHC) Quarterly Survey of Apartment Market Conditions fell below the breakeven level of 50, indicating a decline over the past quarter. The last time Market Tightness (47), Sales Volume (46), Equity Financing (46) and Debt Financing (37) all landed below 50 was in October 2013.

NAR Forecast: Modest Increase in Home Sales Expected in 2016

Following the housing market's best year in nearly a decade, existing-home sales are forecasted to expand in 2016 at a more moderate pace as pent-up buyer demand combats affordability pressures and meager economic growth, according to National Association of Realtors® Chief Economist Lawrence Yun in a newly-released video on his 2016 housing market expectations.

Anna Mills Elected President of National REIA for 2016

The National Real Estate Investors Association announced that Anna Mills has been elected association president for 2016. Mills is currently president of the Toledo REIA and has been a realtor in Ohio & Michigan for over 38 years. She holds top designations in VIP Relocation, Investor Specialist, Property Tax Reduction and Court Appraisals. Previously, she served as NREIA’s president in 2002 and is a past president of Ohio Real Estate Investors Association.

Mortgage Applications Decreased Over Two Week Period in Latest MBA Weekly Survey

A coalition of consumer groups are calling on Acting Illinois Insurance Director Anne Melissa Dowling to reverse her “do-nothing” position and start protecting Illinois consumers from the unfair use of certain information unrelated to insurance risk – such as personal consumer shopping data – to set auto and homeowners insurance prices. 

Pending Home Sales Decline Modestly in November

Pending home sales in November slightly declined for the third time in four months as buyers continue to battle both rising home prices and limited homes available for sale, according to the National Association of Realtors®. Modest gains in the Midwest and South were offset by larger declines in the Northeast and West.

Existing-Home Sales Suffer Setback in November, Fall to Slowest Pace Since April 2014

Existing-home sales dropped off considerably in November to the slowest pace in 19 months, but some of the decrease was likely because of an apparent rise in closing timeframes that may have pushed some transactions into December, according to the 

National Association of Realtors® Applauds Passage of Tax Extenders Package

A significant piece of tax legislation is now on its way to the President’s desk, and the bill includes the extension of a number of expired tax provisions important to supporting homeowners and real estate investment.

Appraisers Should Be Cautious of MLS Price Discrepancies: The Appraisal Journal

Prices reported in multiple listing services may differ significantly from prices reported on HUD-1 settlement statements and these discrepancies are likely to be larger during a market bust, according to an article published this week in The Appraisal Journal

Lake Tahoe regulators sued for “taking” a couple’s property

The Tahoe Regional Planning Authority (TRPA) is committing an unconstitutional “taking” by prohibiting a couple from rebuilding a house on their vacant parcel, where a home stood for 30 years before being destroyed by the Angora forest fire in 2007.