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Property, Rentals, Transactions

As Tropical Storm Erika Strengthens, Insurers Offer Preparation Advice to Consumers

With Tropical Storm Erika strengthening in the Atlantic, potentially on track to hit Florida, the Property Casualty Insurers Association of America (PCI) encourages residents in the southeast to listen to their emergency officials and prepare for severe weather. Although the storm’s path is uncertain, forecasters are warning residents to get prepared for heavy rain bands

Pending Home Sales Inch Forward in July

Pending home sales were mostly unchanged in July, but rose modestly for the sixth time in seven months, according to the National Association of Realtors. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, marginally increased 0.5 percent to 110.9 in July from an upwardly revised 110.4 in June and is now 7.4 percent above July 2014 (103.3).

NAR Good Neighbor Award Finalists Honored for Their Commitment to Good Works, Volunteering

The National Association of Realtors® has selected 10 individuals as finalists for REALTOR® Magazine’s 2015 Good Neighbor Awards. This award honors Realtors® who volunteer in their communities, improve the quality of life for their neighbors and go above and beyond in their commitment to making their neighborhoods better places to live.

Hilton Columbus High Street Downtown Bridge Wins National Steel Building Award

The pedestrian bridge that links Columbus, Ohio’s new Hilton Columbus Downtown hotel to the adjacent Greater Columbus Convention Center across High Street, the main thoroughfare through downtown, has earned national recognition in the 2015 Innovative Design in Engineering and Architecture with Structural Steel awards program (IDEAS2)


As part of the White House’s National Clean Energy Summit, the Obama Administration and the Federal Housing Administration (FHA) announced its intent to issue a set of guidelines supporting borrowers seeking to make energy efficient improvements to their homes. In today’s announcement, FHA expressed the intent to allow borrowers to use Single Family FHA financing for properties with existing Property Assessed Clean Energy (PACE) loans that meet certain conditions

FACT SHEET: President Obama Announces New Actions to Bring Renewable Energy and Energy Efficiency to Households across the Country

President Obama is committed to taking responsible steps to address climate change, promote clean energy and energy efficiency, drive innovation, and ensure a cleaner, more stable environment for future generations. That is why at Senator Reid’s National Clean Energy Summit later today, he is announcing a robust set of executive actions and private sector commitments to accelerate America’s transition to cleaner sources of energy and ways to cut energy waste

Existing-Home Sales Maintain Solid Growth in July

Existing-home sales steadily increased for the third consecutive month in July, while stubbornly low inventory levels and rising prices are likely to blame for sales to first-time buyers falling to their lowest share since January, according to the National Association of Realtors

Top 250 Latino Agents to Gather at NAHREP National Convention & Latin Music Festival

With a closing average of 83 units and $16 million in transaction volume in 2015, the National Association of Hispanic Real Estate Association's® (NAHREP) Top 250 Latino Agents have been invited to receive special recognition at NAHREP's 2015 National Convention & Latin Music Festival to be held at the downtown Chicago Hilton September 20 – 22, 2015.

National Association of Real Estate Brokers Supports FHFA Steps to Expand Homeownership

The President of the National Association of Real Estate Brokers (NAREB), Donnell Spivey, commended recent action taken by the Federal Housing Finance Agency (FHFA) to expand homeownership for more Americans. Under the leadership of FHFA Director Mel Watt, on October 21, 2014, the agency announced that Fannie Mae and Freddie Mac, along with lenders, have reached an agreement to ease the representation and warranty requirements for lenders that sell mortgage loans to Fannie Mae and Freddie Mac

Former Investment Banker Turned Activist to Lead Latina Brunch at NAHREP Convention

The National Association of Hispanic Real Estate Professionals® (NAHREP®) has announced Julissa Acre, former Goldman Sachs star and current public affairs director at Define American, will keynote the Latina Brunch session at its 2015 National Convention & Latin Music Festival.

Applications for New Home Purchases Decreased in July

The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for July 2015 shows mortgage applications for new home purchases decreased by 4 percent relative to the previous month. This change does not include any adjustment for typical seasonal patterns

NAR Names Arnold Worldwide Agency of Record

The National Association of Realtors®, America's largest trade association, representing more than 1 million members involved in all aspects of the residential and commercial real estate industries, has appointed global creative agency Arnold Worldwide as agency of record, effective immediately. As AOR, Arnold will lead the association’s integrated marketing efforts including strategy, creative, digital and brand activation.

Real Estate Firms Remain Confident About Future Profitability, NAR Study Shows

Real estate firms are confident in the industry’s future growth and their increasing profitability, according to the 2015 National Association of Realtors® Profile of Real Estate Firms.“A majority of firms have a positive view of the future, with 95 percent of all firms expecting their net income to either increase or stay the same in the next year,” said NAR President Chris Polychron, executive broker with 1st Choice Realty in Hot Springs, Ark.

CCIM Students Increase Business While Taking Classes

During the CCIM Institute 102 course about market analysis for CRE investment in July, Paula L. Bruns closed one deal totaling almost $100,000 in commission, signed up one existing tenant and two new tenants for leases, and proposed six new transactions

MERS Prevails in Pennsylvania County Recording Litigation

MERSCORP Holdings, Inc. today announced that the United States Court of Appeals for the Third Circuit reversed the opinion of the United States District Court for the Eastern District of Pennsylvania, ruling in MERS’ favor that the Pennsylvania recording statute does not create a duty to record all land conveyances

USDA Announces Available Funding for Farm Bill Broadband Loan Program

Agriculture Secretary Tom Vilsack today announced the availability of loans to build broadband in rural areas, along with changes to the program required by the 2014 Farm Bill. "USDA is committed to providing broadband to rural areas," Vilsack said. "Broadband is as vital as electricity was 80 years ago. Since 2009, USDA investments have delivered broadband service to 1.5 million households, businesses, schools, libraries and community facilities.

National Council on Disability Releases “Home and Community-Based Services: Creating Systems for Success at Home, at Work and in the Community”

The National Council on Disability (NCD), an independent federal agency, in a cooperative agreement with the National Association of State Directors of Developmental Disabilities Services (NASDDDS), will release “Home and Community-Based Services: Creating Systems for Success at Home, at Work and in the Community” online Tuesday, February 24, 2015.

Pending Home Sales Dip in June

After five consecutive months of increases, pending home sales slipped in June but remained near May's level, which was the highest in over nine years, according to the National Association of Realtors®. Modest gains in the Northeast and West were offset by larger declines in the Midwest and South.

Millennials Favor Walkable Communities, Says New NAR Poll

Millennials prefer walking over driving by a substantially wider margin than any other generation, according to a new poll conducted by the National Association of Realtors® and the Transportation Research and Education Center at Portland State University

Industry Experts Assail “One-Size-Fits-All” Insurance Regulation

The Property Casualty Insurers Association of America (PCI) today sponsored a policy briefing entitled “Does One Size Fit All? A Policy Discussion on Insurance, Regulation, and the American Economy” on Capitol Hill, where House Financial Services Committee members and industry experts discussed the potential effects of international standard setting on United States’ current state-based regulatory structure.