News


  • 71 Percent of Homeowners Believe It’s a Good Time to Sell; Economic and Financial Confidence Dips: Realtors® HOME Survey
    WASHINGTON (June 26, 2017) — Existing housing inventory has declined year over year each month for two straight years, but new consumer findings from the National Association of Realtors® offer hope that the growing number of homeowners who think now is a good time to sell will eventually lead to more listings. That's according to NAR's quarterly Housing Opportunities and Market Experience (HOME) survey1, which also found that fewer renters think it... Read More... Read More »

  • Bob Goldberg Named CEO of National Association of Realtors®
    WASHINGTON (June 23, 2017) – Bob Goldberg has been named CEO of the National Association of Realtors®. Goldberg currently serves as NAR senior vice president of Sales & Marketing, Business Development & Strategic Investments, Professional Development and Conventions for NAR. Goldberg was the choice of NAR’s leadership team after an extensive national search. He succeeds Dale Stinton, who is retiring after 36 years at NAR and 12 as... Read More... Read More »

  • Realtors® Highlight Flood Insurance Concerns as House Committee Finalizes Key Markup
    WASHINGTON (June 21, 2017) – The House Financial Services Committee today concluded a markup on multiple pieces of legislation to reauthorize and reform the National Flood Insurance Program. Following is a statement from National Association of Realtors ® President William E. Brown: “Congress has less than four months to reform and reauthorize the critical National Flood Insurance Program. NAR is pleased that Congress is addressing the issue. “NAR supports six of the seven bills that... Read More... Read More »

  • Existing-Home Sales Rise 1.1 Percent in May; Median Sales Price Ascends to New High
    WASHINGTON (June 21, 2017) — Existing-home sales rebounded in May following a notable decline in April, and low inventory levels helped propel the median sales price to a new high while pushing down the median days a home is on the market to a new low, according to the National Association of Realtors®. All major regions except for the Midwest saw an increase in sales last month. Total existing-home sales1, https://www.nar.realtor/topics/existing-home-sales, which are completed transactions that include... Read More... Read More »

  • 5 Root Causes for U.S.’s Depressed Homeownership Rate: New Study
    BERKELEY, Calif., (June 9, 2017) – Despite steadily improving local job markets and historically low mortgage rates, the U.S. homeownership rate is stuck near a 50-year low because of a perverse mix of affordability challenges, student loan debt, tight credit conditions and housing supply shortages. That’s according to findings of a new white paper titled, “Hurdles to Homeownership: Understanding the Barriers” released today in recognition of National Homeownership Month at the National Association of... Read More... Read More »

  • Realtors® Survey: Led By China, Foreign Investment in U.S. Commercial Real Estate on the Rise
    WASHINGTON (June 6, 2017) — One-fifth of surveyed Realtors® practicing in commercial real estate closed a sale with an international client in 2016, and as foreign investors flock to smaller-sized commercial properties in secondary and tertiary markets, many Realtors® are confident that increased sales and leasing activity will occur in 2017.   This is according to the 2017 Commercial Real Estate International Business Trends survey released today by the National Association of... Read More... Read More »

  • Realtor® Volunteering Works Program Announces 2017 Mentoring and Grant Recipients
    WASHINGTON (June 5, 2017) – REALTOR® Magazine and the Good Neighbor Society have announced the recipients of the ninth annual Volunteering Works grants and mentoring program, which matches Realtors ® who work on small-scale charitable efforts with mentors and awards them grant money. The five Volunteering Works recipients will receive a $1,000 seed grant and a year of one-on-one mentoring from a member of the Good Neighbor Society, which is comprised of past recipients of the National Association of Realtors®’ annual REALTOR® Magazine ... Read More... Read More »

  • Pending Home Sales Scale Back 1.3 Percent in April
    WASHINGTON (May 31, 2017) — Pending home sales in April slumped for the second consecutive month and were down year-over-year nationally and in all four major regions, according to the National Association of Realtors®. Only the West saw an increase in contract signings last month.   The Pending Home Sales Index,* www.nar.realtor/topics/pending-home-sales, a forward-looking indicator based on contract signings, decreased 1.3 percent to 109.8 in April from a downwardly revised 111.3 in March. After last month... Read More... Read More »

  • Existing-Home Sales Slip 2.3 Percent in April; Days on Market Falls to Under a Month
    WASHINGTON (May 24, 2017) — Stubbornly low supply levels held down existing-home sales in April and also pushed the median number of days a home was on the market to a new low of 29 days, according to the National Association of Realtors®. Total existing-home sales1, https://www.nar.realtor/topics/existing-home-sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, dipped 2.3 percent to a seasonally adjusted annual rate of 5.57 million in April from... Read More... Read More »

  • Foreign Buyers and Immigration Expected to Drive Future Demand for U.S. Housing
    WASHINGTON (May 19, 2017) – U.S. real estate markets are increasingly becoming international, and changing demographics brought forth by immigration and growing interest from foreigners are positioned to bolster home sales activity and prices. That’s according to speakers at an international real estate forum organized by the REALTOR® University Richard J. Rosenthal Center for Real Estate Studies session here at the 2017 REALTORS® Legislative Meetings & Trade Expo. NAR’s Danielle Hale, managing director... Read More... Read More »

  • Realtors® Have a Positive Outlook for Commercial Markets in 2017
    WASHINGTON (May 19, 2017) – While challenges face commercial real estate markets, Realtors® specializing in the sector should have confidence that growth will continue. That’s according to speakers at a commercial economic issues and trends forum at the REALTORS® Legislative Meetings & Trade Expo. NAR Chief Economist Lawrence Yun led a panel discussion about the economic forces shaping commercial real estate markets; the panelists agreed that the market has improved and that continued growth in the economy... Read More... Read More »

  • Tax Reform Could Deliver a Tax Hike for Homeowners: New Research
    WASHINGTON (May 18, 2017) – While tax reform proposals swirling around Washington, D.C., promise lower tax bills for American families, new estimates indicate that many middle-income homeowners may actually see a tax increase if those proposals go through. The study, “Impact of Tax Reform Options on Owner-Occupied Housing,” illustrates the effects of a tax plan that echoes certain... Read More... Read More »

  • NAR Midyear Forecast: Existing-Home Sales Poised to Climb 3.5 Percent in 2017
    WASHINGTON (May 18, 2017) – The multi-year stretch of robust job gains along with improving household confidence are expected to guide existing-home sales to a decade high in 2017, but supply and affordability headwinds and modest economic growth are holding back sales and threatening to keep the nation’s low homeownership rate subdued. That’s according to speakers at a residential real estate forum here at the 2017 REALTORS® Legislative Meetings & Trade Expo. Lawrence Yun, chief economist of the National... Read More... Read More »

  • Second Century Ventures adds Adwerx and immoviewer to 2017 REach® Accelerator Class
    WASHINGTON (May 17, 2017) — Two more innovative technology companies have been selected to join REach®, a growth technology accelerator program from the National Association of Realtors®' strategic investment arm, Second Century Ventures. Adwerx, a digital advertising provider, and immoviewer, a 3-D virtual tour technology company, will join the seven other companies announced last month as part of the fifth REach class. REach provides early-to mid-stage companies... Read More... Read More »

  • Regulations, Retention and Recruitment Pressing Issues for Appraisal Industry
    WASHINGTON (May 17, 2017) – Any perceived shortage of appraisers may be location specific and dependent on whom you ask, but there is universal agreement that more needs to be done to keep appraisers in the profession and attract new talent. That’s according to panelists yesterday at a property valuation forum at the 2017 REALTORS® Legislative Meetings & Trade Expo. The conversation with property valuation experts comes at a time of numerous challenges within the industry. NAR’s Appraiser... Read More... Read More »

  • REALTOR Benefits® Partner Placester Offers Free Websites to All Realtors®
    WASHINGTON (May 17, 2017) – Last year, Realtors® spent a median of $70 to maintain a website. To help reduce business costs, Placester, a real estate website and marketing platform, is extending its partnership with the National Association of Realtors® to bring a basic “NAR Edition” website to the association’s 1.2 million members at no charge. NAR members will also receive discounts on advanced website features and products. Placester is an all-in-one business platform and provides industry-leading sales and... Read More... Read More »

  • HUD Secretary Carson Highlights Possible Improvements to Homeownership Programs
    HUD Secretary Dr. Ben Carson speaks at the Regulatory Issues Forum at the 2017 REALTORS® Legislative Meetings & Trade Expo in Washington, DC. WASHINGTON (May 16, 2017) — Potential homebuyers have a lot to contend with from tight credit and low inventory to rising prices. But for buyers who are able to muscle past these hurdles, Realtors® know that tough-to... Read More... Read More »

  • Flood Insurance, Tax Reform Top Issues as Realtors® Head to Washington
    WASHINGTON (May 16, 2017) – Nearly 9,000 Realtors® and industry guests are descending upon Washington this week to address regulators and members of Congress on key industry issues, including national flood insurance, tax reform and sustainable homeownership. Realtor® members will visit U.S. House and Senate offices to urge Congress to pass a multiyear reauthorization of the National Flood Insurance Program before it expires on September 30. Additionally, Realtors® are seeking to protect sustainable homeownership by advocating for responsible reform of the... Read More... Read More »

  • Flood Insurance, Tax Reform Top Issues as Realtors® Head to Washington
    WASHINGTON (May 16, 2017) – Nearly 9,000 Realtors® and industry guests are descending upon Washington this week to address regulators and members of Congress on key industry issues, including national flood insurance, tax reform and sustainable homeownership. Realtor® members will visit U.S. House and Senate offices to urge Congress to pass a multiyear reauthorization of the National Flood Insurance Program before it expires on September 30. Additionally, Realtors® are seeking to protect sustainable homeownership by advocating for responsible reform of the... Read More... Read More »

  • Metro Home-Price Growth Heats Up 6.9 Percent in First Quarter
    WASHINGTON (May 15, 2017) — The strongest quarterly sales pace in exactly a decade put significant downward pressure on inventory levels and caused price growth to further accelerate during the first three months of 2017, according to the latest quarterly report by the National Association of Realtors®. Metro home prices have now accelerated for three consecutive quarters. The national median existing single-family home price in the first quarter was $232,100, which is up 6.9 percent from the first... Read More... Read More »

  • 5 Tips for Buyers in a Tight Housing Market
    WASHINGTON (May 12, 2017) – When inventory is low, home prices tend to go up. Attempting to purchase a house in this type of market can make the already complex process of buying a home even more overwhelming. To help buyers successfully get through the buying process in a tight inventory market with as little stress and difficulty as possible, the National Association of Realtors® has these five suggestions and an infographic: https://www.nar.realtor/infographics/5-tips-for-buying-in-a-tight-... Read More... Read More »

  • Survey Reports 12 Percent Jump in REALTOR® Business Activity
    WASHINGTON (May 11, 2017) — After a slip in business in 2015, the National Association of Realtors® Member Profile found that the income and sales volume of Realtor® members increased in 2016. The median gross income of Realtors® increased 8 percent in 2016 as the typical member had the highest number of transactions in recent years. Despite Realtors® continuing to cite inventory shortages, transactions grew to 12 per agent, the highest since 2014 when the typical agent had 11. The median sales volume for... Read More... Read More »

  • Realtors® Support Pam Patenaude Nomination for HUD Deputy Secretary
    WASHINGTON (April 28, 2017) — The Trump administration today announced the nomination of Pam Patenaude as deputy secretary. Following is a statement from NAR President William E. Brown on the nomination: “The National Association of Realtors® commends the Trump administration for its nomination of Pam Patenaude for the position of deputy secretary. “Pam’s extensive and strong background in real estate and housing will be an asset, and NAR has long enjoyed a strong relationship with Pam working on and advancing... Read More... Read More »

  • Pending Home Sales Dip 0.8% in March
    WASHINGTON (April 27, 2017) — Pending home sales in March maintained their recent high level, but momentum slackened slightly in most of the country as dearth supply weighed on activity, according to the National Association of Realtors®. Only the South saw an uptick in contract signings last month.   The Pending Home Sales Index,* www.nar.realtor/topics/pending-home-sales, a forward-looking indicator based on contract signings, declined 0.8 percent to 111.4 in March from 112.3 in February. Despite... Read More... Read More »

  • Homeownership in the Crosshairs of Latest Tax Plan, Say Realtors®
    WASHINGTON (April 26, 2017) – Major reforms are needed to lower tax rates and simplify the tax code, but that shouldn’t come at the expense of current and prospective homeowners. That’s according to National Association of Realtors® President William E. Brown, a second-generation Realtor® from Alamo, California and founder of Investment Properties. Brown said that while the President’s tax proposal released today is well-intentioned, it’s a non-starter for homeowners and real estate professionals who see the... Read More... Read More »

  • House Begins Flood Insurance Markup
    On June 15, 2017, the House Financial Services Committee began consideration of a series of bills to reform and reauthorize the National Flood Insurance Program (NFIP). The Committee is expected to vote on these bills and then combine them into one package for consideration by the full House. On the first day of the mark up, the Committee approved two of the seven bills: The NFIP Policyholder Protection Act, which caps NFIP rates and passed unanimously (53-0); and The 21st Century Reform Act, which includes a 5-year... Read More... Read More »

  • NAR Weighs-In on NFIP Bills
    On Thursday, June 15, the House Financial Services Committee began marking up seven bills reauthorizing the National Flood Insurance Program (NFIP). These bills would reauthorize the NFIP for five years, as well as make changes to the program and how it's administered, some which will affect the way that commercial properties purchase and utilize the program. NAR sent a letter to the Committee ahead of the markup, which was joined by several commercial real estate trade groups, providing a list of priorities for commercial real estate to consider including in... Read More »

  • HUD Regulatory Review
    On June 14, 2017, NAR submitted a letter in response to the Department of Housing and Urban Development’s (HUD) request for comment regarding HUD's effort to evaluate and identify regulations that merit repeal, replacement or modification in accordance with the directives under Executive Order 13777, “Reducing Regulation and Controlling Regulatory Costs.” NAR strongly supports the programs and policies at HUD that promote home ownership and help build stable and successful communities. Reviewing current HUD guidance, rules and regulations is an important step... Read More... Read More »

  • NAR Hosts eClosing Summit
    NAR 2017 President-Elect Elizabeth Mendenhall hosted a roundtable with government regulators and industry leaders focused on the advancement of electronic closing (eClosing) processes. Participants deliberated ways to promote eClosings, which have proven to be more efficient, intelligible, and secure than traditional closings with paper disclosures. In debating the hurdles to eClosing adoption, many issues were discussed including consumer needs, risk management uncertainty, collaboration and implementation technology complexities, and operational and economic benefits provided to invested... Read More... Read More »

  • NAR Comments on VA Loan Fees
    On June 12, 2017, NAR sent a letter in response to the Department of Veterans Affairs (VA) advanced notice of proposed rulemaking regarding revisions to allowable charges and fees associated with VA guaranteed home loans. In recent years, REALTORS® have noted that restrictions on the charges and fees VA Loan borrowers can pay in a home purchase transaction are hindering the ability of VA borrowers to compete with other buyers in today's housing market. NAR urges the VA to allow veterans and active-service members the ability to negotiate the terms of their home...... Read More »

  • NAR Comments on USDA Reorganization
    On June 9, 2017, NAR President submitted a letter in response to the U.S. Department of Agriculture's (USDA) proposed re-organization of the USDA governing structure, in which the Under Secretary of Rural Development would be removed and the USDA Rural Development programs would report directly to the Secretary of Agriculture. NAR urges USDA to reconsider the elimination of the Under Secretary for Rural Development. This action would limit the ability and effectiveness of the Rural Development agencies, including the Rural Housing Service (RHS), to serve the housing and community needs...... Read More »

  • House Holds Flood Insurance Hearing
    On June 7, 2017, the House Financial Services Committee held a hearing entitled “Flood Insurance Reform: A Taxpayer’s Perspective.” NAR submitted detailed comments on six reform bills released by the Committee on May 25. A markup of a series of bills is scheduled next Wednesday (June 14). NAR will keep members posted. Read NAR's letter Watch the Hearing... Read More »

  • Labor Department Withdraws Workplace Guidance
    On June 7, 2017, U.S. Department of Labor Secretary Alexander Acosta withdrew the 2015 informal guidance on independent contractor misclassification offering a victory to independent contractors across the county. The Administrator’s Interpretation 2015-1 expanded the “economic realities” test used to define the term “employee” for purposes of the Fair Labor Standards Act (“FLSA”), jeopardizing the ability of employers to classify workers as independent contractors. Secretary Acosta also withdrew the 2016 informal guidance (... Read More... Read More »

  • VA Clarification on Comparable Sale Properties
    On May 19, 2017, the Department of Veterans Affairs (VA) published Circular 26-17-14 clarifying that there is no maximum standard for the distance between the subject property and related comparable sale properties. Rather, the appraiser should specify why in a certain market, rural or suburban, whether extended distances are normal for that market and how they appraiser determined how and which comparable sale properties were used. The VA issued this clarification after noting that the current policy in the VA Lender’s Handbook chapter 11, section 7, subsection e,... Read More... Read More »

  • Advisory on Appraiser Availability
    On May 31, 2017, the federal bank regulatory agencies - the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), and the Office of the Comptroller of the Currency (OCC) – released an Issue Advisory on Appraiser Availability drawing attention to two existing options a state may use when facing a shortage of appraisers.  (1) Allowing out-of-state qualified appraisers to temporarily practice in an underserved area. These permits allow appraisers credentialed in one state to... Read More... Read More »

  • House Releases Flood Insurance Bill
    On May 25, 2017, the House Financial Services Committee released portions of draft legislation to reauthorize and reform the National Flood Insurance Program (NFIP). The program is up for reauthorization on September 30. The committee has released six sections spanning 161 pages, addressing NFIP affordability, flood mapping, mitigation incentives, taxpayer protections, claims process, and private flood insurance. The release of the discussion drafts comes in advance of an expected legislative hearing and markup expected in early June. NAR staff is currently reviewing the bill text... Read More... Read More »

  • Hearing Held on PHH v. CFPB
    On May 24, 2017, the U.S. Court of Appeals for the D.C. Circuit heard oral arguments in the case of PHH Corp. v. CFPB. The court examined whether the Consumer Financial Protection Bureau’s (CFPB) single director structure is unconstitutional and whether the CFPB exceeded their authority when interpreting the Real Estate Settlement Procedures Act (RESPA). The bulk of the oral arguments focused on the constitutionality argument, rather than the RESPA concerns. Initial reports indicate the court is unlikely to rule the CFPB is unconstitutionally structured (... Read More... Read More »

  • NAR Opposes USDA Reorganization
    The US Department of Agriculture (USDA) has provided a report to Congress proposing their reorganization. The new plan creates an Under Secretary for Trade and Foreign Agriculture Affairs. However, it also eliminates the Under Secretary of Rural Development, a department which includes rural housing programs. Instead, rural development agencies will report directly to the USDA Secretary. While the USDA report calls this move an "elevation" of the program, NAR is concerned that it will undermine the importance of these programs, which provide valuable access to housing... Read More... Read More »

  • NAR Comments on Appraiser Qualifications
    On May 9, 2017, NAR submitted a comment letter to the Appraiser Qualifications Board (AQB) in response to the Third Exposure Draft concerning proposed changes to the AQB's Real Property Appraiser Qualification Criteria. NAR agreed with the AQB's removal of the degree requirement for licensed residential appraisers, the basic appraiser qualification, and to instead require completion of 150 AQB Core Curriculum credit hours. NAR also agrees with the AQB's proposed removal of the minimum time limits on obtaining experience hours for all appraiser... Read More... Read More »

  • House Passes Health Reform Bill
    On Thursday, May 4, 2017, the House approved H.R. 1638, the American Health Care Act (AHCA) on a vote of 217 – 213. All of the Democratic Representatives and 20 Republicans opposed the bill. The legislation replaces some provisions of the Affordable Care Act. The bill now heads to the Senate for consideration. The outlook for the bill in the Senate is unclear, with concerns being raised by Senators of both parties. The AHCA would eliminate the Affordable Care Act’s (ACA) individual and employer mandates and replace the ACA tax credits... Read More »

  • Register for the NAR Town Hall Webcast
    On May 10 at 2 PM EDT, NAR will conduct a live Town Hall Meeting for REALTORS® who are planning to attend the 2017 REALTORS® Legislative Meetings & Trade Expo. NAR's Senior Vice President and Chief Lobbyist Jerry Giovaniello will be accompanied by NAR lobbyists highlighting the issues REALTORS® are to present during meetings in Capitol Hill offices. Jerry and the lobbyists will also answer questions to be submitted by the attendees.   In addition, a set of talking points to help you prepare for your Hill visits with your members... Read More »

  • E-Fairness Bills Introduced
    On Thursday, Apr. 27, both S. 976, "The Marketplace Fairness Act," and H.R. 2193, "The Remote Transactions Parity Act," were introduced in the Senate and House.   S. 976 is cosponsored by Senators Lamar Alexander (R-TN), Mike Enzi (R-WY), Dick Durbin (D-IL), and Heidi Heitkamp (D-ND); H.R. 2193 is cosponsored by Representatives Kristi Noem (R-SD), Steve Womack (R-AR), Jason Chaffetz (R-UT), Steve Stivers (R-OH), Lou Barletta (R-PA), John Conyers (D-MI), Jackie Speier (D-CA), Peter Welch (D-VT), Suzan DelBene (D-WA), and David Cicilline (D-RI). ... Read More... Read More »

  • Small Business & Economic Growth Hearing
    On Thursday, Apr. 27, the House Small Business Subcommittee on Economic Growth, Tax and Capital Access held a hearing: “Small Business: The Key to Economic Growth.”  During the hearing, Members and the witness panel discussed the ways that small businesses contribute to the U.S. economy, through the creation of jobs and contributions to the GDP, as well as challenges small businesses face, including accessing capital and difficulty navigating the U.S. tax code.  NAR sent a letter to the Subcommittee for the hearing, thanking them for addressing this... Read More... Read More »

  • VA Reconsiders Limits on Fees
    On April 13, 2017, the Department of Veterans Affairs (VA) released an advanced notice of proposed rulemaking regarding revisions to allowable charges and fees associated with VA guaranteed home loans. In recent years, the VA has received complaints from veterans and other stakeholders, including REALTORS®, that restrictions on the charges and fees VA Loan borrowers can pay in a home purchase transaction are hindering the ability of VA borrowers to compete with other buyers in today's housing market. The VA is considering ways to revise the list of acceptable charges... Read More »

  • NAR Publishes Co-Marketing Do's and Don'ts
    NAR has published a list of Do’s and Don’ts for real estate professionals when engaging in co-marketing activities via social media and other web-based marketing tools.  The educational piece is intended to help real estate professionals comply with the Real Estate Settlement Procedures Act (RESPA) when co-marketing. Disclaimer:  This document is provided for informational/instructional purposes only and does not constitute the giving of legal advice by NAR.  Consult with a RESPA attorney to make sure you understand and properly comply with any and... Read More... Read More »

  • NAR Testifies on VA Appraisals
    On April 4, 2017, Michelle Bradley, the 2016 NAR Real Property Valuation Committee Chair, testified before the House Committee on Veterans' Affairs – Economic Opportunity Subcommittee at a hearing entitled “Assessing VA Approved Appraisers And How To Improve The Program For The 21st Century.” In the past year, the Department of Veterans Affairs (VA) Home Loan Guaranty Program has become aware of concerns with long wait times to schedule a VA appraisal and a potential shortage of appraisers, especially in very rural areas.  In her testimony, Ms. Bradley... Read More... Read More »

  • Basel III HVCRE regulations
    On Monday, April 3, NAR joined an industry coalition letter thanking Rep. Pittenger (R-NC) for his work drafting a bill to make reforms to the Basel III “High Volatility Commercial Real Estate” (HVCRE) risk-weight requirements for lenders.  Under the HVCRE rule, commercial acquisition, development, and construction (ADC) loans are risk-weighted at 150% - up from pre-Basel III levels of 100%.  This change made commercial loans less attractive to lenders than other types with lower risk-weights.  Rep. Pittenger’s draft legislation would clarify aspects of the... Read More... Read More »

  • PACE Reform Bills Introduced
    Bipartisan legislation supported by NAR was introduced in the Senate and House yesterday that would subject Property Assessed Clean Energy (PACE) loans to the same Truth in Lending Act (TILA) consumer protections required of other mortgage products. In the Senate, Senators Tom Cotton (R-AR), Marco Rubio (R-FL), and John Boozman (R-AR) introduced the legislation. The House version was introduced by Representatives Brad Sherman (D-CA), and Ed Royce (R-CA). PACE loans allow homeowners to pay for energy efficient home upgrades — such as solar panels and insulation —... Read More... Read More »

  • NAR Supports Sanford/Sherman G-fee Bill
    On April 4, 2017, NAR sent a letter to the full U.S. House urging support for H.R. 916, the "Risk Management and Homeowner Stability Act." The legislation would amend the Congressional Budget and Impoundment Control Act of 1974 to prohibit the use of Fannie Mae and Freddie Mac’s guarantee fees (g-fees) to pay for government spending. Moreover, the bipartisan bill recognizes that diverting revenue from these risk-based fees both places an additional burden on the backs of homeowners and is bad public policy. The purpose of the G-fee is to prospectively... Read More »

  • Commercial NFIP Priorities
    On Tuesday, April 4, NAR and a coalition of real estate industry groups sent a letter to the House Financial Services Committee outlining priorities for commercial real estate in the upcoming reauthorization of the National Flood Insurance Program (NFIP).  The NFIP is scheduled expire on September 30, 2017 unless Congress extends it. Specifically, the letter asks for: Multi-year reauthorization of the NFIP; Improved flood-mapping capabilities; Expanded coverage options, including business interruption and multiple buildings; and Language... Read More... Read More »