News


  • Home Prices Jump 6.2 Percent in Second Quarter; Eclipse 2016 High
    WASHINGTON (August 16, 2017) — The headstrong supply and demand imbalances in much of the country slightly tempered the pace of sales and caused home prices to maintain their robust growth in the second quarter, according to the latest quarterly report by the National Association of Realtors®. The national median existing single-family home price in the second quarter was $255,600, which is up 6.2 percent from the second quarter of 2016 ($240,700) and surpasses the third quarter of last year ($241,300... Read More... Read More »

  • Realtors® Report Finds 11 Percent Increase in Commercial Member Income, 19 Percent Increase in Sales Transaction Volume
    WASHINGTON (August 2, 2017) – Commercial real estate markets continue to improve, with Realtors® specializing in commercial real estate reporting both an increase in member’s gross income and sales volume, according to the National Association of Realtors® 2017 Commercial Member Profile. The annual study's results represent Realtors®, members of NAR, who conduct all or part of their business in commercial sales, leasing, brokerage and development for land, office and... Read More... Read More »

  • Pending Home Sales Recover in June, Grow 1.5 Percent
    WASHINGTON (July 31, 2017) — After declining for three straight months, pending home sales reversed course in June as all major regions, except for the Midwest, saw an increase in contract activity, according to the National Association of Realtors®. The Pending Home Sales Index*, www.nar.realtor/topics/pending-home-sales, a forward-looking indicator based on contract signings, climbed 1.5 percent to 110.2 in June from an upwardly revised 108.6 in May. At 0.5 percent, the index last month increased annually... Read More... Read More »

  • Existing-Home Sales Retreat 1.8 Percent in June
    WASHINGTON (July 24, 2017) — Existing-home sales slipped in June as low supply kept homes selling at a near record pace but ultimately ended up muting overall activity, according to the National Association of Realtors®. Only 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 single-family homes, townhomes, condominiums and co-ops, decreased 1.8 percent to a seasonally adjusted... Read More... Read More »

  • Realtors®, House Financial Services Committee Reach Agreement to Move Key Flood Insurance Legislation Forward
    WASHINGTON (July 20, 2017) – The National Association of Realtors® today said that significant improvements to the “21st Century Flood Reform Act,” key legislation aimed at strengthening and reauthorizing the National Flood Insurance Program, have cleared the way for endorsement of the bill. Among the changes, Realtors® support the House Financial Services Committee’s commitment to retaining “grandfathering” – a policy that protects homeowners from... Read More... Read More »

  • Foreign U.S. Home Sales Dollar Volume Surges 49 Percent to Record $153 Billion
    WASHINGTON (July 18, 2017) – Fueled by a substantial increase in sales dollar volume from Canadian buyers, foreign investment in U.S. residential real estate skyrocketed to a new high, as transactions grew in each of the top five countries where buyers originated. This is according to an annual survey of residential purchases from international buyers released today by the National Association of Realtors ®, which also revealed that nearly half of all foreign sales were in three states: Florida, California and Texas. NAR’s 2017 Profile of International... Read More... Read More »

  • 84 Percent of Americans See Homeownership as Good Investment, Affordability a Growing Concern
    WASHINGTON (July 12, 2017) — According to the National Association of Realtors®’ 2017 National Housing Pulse Survey, concerns over housing affordability show clear demographic divides especially among unmarried and non-white Americans. More than five out of 10 unmarried and non-white Americans view the lack of available affordable housing as a big problem, compared to only 40 percent of married and white Americans. The survey, www.nar.realtor/reports/housing-pulse-surveys, measures consumers’ attitudes and... Read More... Read More »

  • REach® Technology Accelerator Named Among Best in Nation
    WASHINGTON (July 12, 2017) - REach®, the growth technology accelerator operated by the National Association of Realtors®’ strategic investment arm, Second Century Ventures, was recently named among the top 30 accelerators in the U.S. by the Seed Accelerator Rankings Project, or SARP. Now in its fifth year, SARP is compiled by researchers from the MIT Innovation Initiative Lab for Innovation Science, Rice University and the University of Richmond and aims to provide transparency around performance so that entrepreneurs can make an educated decision when choosing from... Read More... Read More »

  • Home Staging Decreases Time on the Market, Finds Realtors® Report
    WASHINGTON (July 6, 2017) — Sixty-two percent of sellers' agents say that staging a home decreases the amount of time a home spends on the market, according to the National Association of Realtors® 2017 Profile of Home Staging, www.nar.realtor/reports/profile-of-home-staging. "Realtors® know how important it is for buyers to be able to picture themselves living in a home and, according to NAR's most recent report, staging a home makes that process much easier for potential buyers," said NAR... Read More... Read More »

  • Pending Home Sales Tumble in May for Third Straight Month
    WASHINGTON (June 28, 2017) — The ongoing supply shortages that are propping up home prices in many metro areas caused pending home sales in May to slump for the third consecutive month, according to the National Association of Realtors®. None of the major regions saw an increase in contract activity last month. The Pending Home Sales Index,* www.nar.realtor/topics/pending-home-sales, a forward-looking indicator based on contract signings, decreased 0.8 percent to 108.5 in May from a downwardly revised... Read More... Read More »

  • 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 »

  • 2017 Appraisal Summit
    On August 2, 2017, the National Association of REALTORS® hosted an Appraisal Summit, focused on the role of Appraisal Management Companies (AMCs) and their effect on the appraisal industry. A variety of stakeholders in the appraisal field, including AMCs, lenders, federal regulatory officials, trade association representatives, and REALTOR® agents and appraisers attended the Summit. NAR Vice President of Government Affairs Kevin Sears led the discussion, which covered topics ranging from how AMCs and lenders handle appraiser independence issues to ways on the ground agents and... Read More... Read More »

  • NAR Supports SBA Cyber Security Bill
    On Wednesday, August 2, the Senate Small Business Committee marked up and approved by a voice vote of 19-0 S. 1428, the Small Business Cyber Training Act of 2017, sponsored by Senator Risch (R-ID), with cosponsors Senators Shaheen (D-NH), Kennedy (R-LA), Duckworth (D-IL), and Peters (D-MI). This bipartisan bill would require small business development centers that have received grants from the SBA to have staff who are certified in cyber security planning methods, and authorizes the SBA to fund that training.  If passed, it will increase access to cyber security... Read More »

  • Senate Health Reform Fails to Advance
    In an early morning Friday July 28th vote, the Senate Republican leadership’s so-called “skinny” Affordable Care Act (ACA) repeal bill failed to gather the 50 votes required for passage. Senators Susan Collins (R-ME), Lisa Murkowski (R-AK) and John McCain (R-AZ) sided with Democrats in a 49-51 roll call vote. Released a few hours before the vote, the 8-page bill would have repealed the ACA’s individual mandate, suspended the employer mandate for 8 years, repealed an ACA tax on medical devices, increased contribution... Read More... Read More »

  • NAR Opposes FHA Flood Regulation
    On July 26, 2017, NAR, as part of a broad coalition of housing, lending, insurance and consumer groups, opposed a Federal Housing Administration (FHA) regulation barring lenders from accepting private flood insurance on FHA insured loans, and urged its immediate reversal. On the same day, NAR wrote the full Senate requesting support and co-sponsorship of S. 563, “The Flood Insurance Market Parity & Modernization Act” (Heller [R-NV]; Tester [D-MT]). The bill would remove additional barriers to the private market, which increasingly, is offering better coverage at... Read More... Read More »

  • EPA Releases Rule to Withdraw WOTUS
    Fulfilling a portion of an executive order by President Donald Trump, the EPA and the U.S. Army Corps of Engineers have released a proposal to rescind the Waters of the United States rule that expanded federal jurisdiction under the Clean Water Act. The proposal published in the Federal Register on Thursday, July 28 would nix the 2015 WOTUS rule and reinstate the definition of the streams and wetlands subject to... Read More... Read More »

  • NAR Urges FCC to Maintain Net Neutrality
    NAR filed comments with the Federal Communications Commission on Monday July 17 urging the agency to maintain the Open Internet Order that was put into effect in 2015.  This order creates rules establishing network neutrality.  The FCC has proposed rolling back those rules and is currently seeking public comment. Net neutrality is shorthand for the concept that Internet users should be in control of what content they view and what applications they use on the Internet. More specifically, net neutrality requires that broadband networks be free of restrictions on content,... Read... Read More »

  • NAR Signs onto Credit Scoring Coalition Letter
    On July 19, 2017, NAR signed onto an industry coalition letter in support of the “Credit Score Competition Act,” introduced by Senators Scott (R-SC) and Warner (D-VA). The legislation would instruct Fannie Mae and Freddie Mac to utilize newer, more predictive and inclusive credit models, which will responsible expand access to mortgage financing for many Americans. Read the Coalition Letter... Read More »

  • Commercial NFIP Priorities Sent to Senate
    On July 14, NAR, in coalition with other commercial real estate trade groups, sent a letter to the Senate Committee on Banking, Housing, & Urban Affairs, providing them with a list of ways the National Flood Insurance Program (NFIP) can be improved to be more responsive and effective for commercial real estate.  The Senate Banking Committee is currently working on drafting reauthorizing legislation for the NFIP, which is set to expire on September 30.   The letter asks for six things: Maintain the commercial "opt-out" provision, as passed by... Read More... Read More »

  • Health Care Agency Request for Information
    NAR commented on a Center for Medicare & Medicaid Services (CMS) Request for Information regarding the regulatory environment surrounding the individual and small group health insurance markets. A division of the Department of Health and Human Services, CMS was provided useful evidence on NAR’s unique self-employed and small business membership and associated health care priorities. The letter stresses the need for affordable quality health insurance options in the individual insurance market; protections for preexisting conditions and preventive health and... Read More... Read More »

  • NAR Comments on FHFA "Duty to Serve" Rule
    On July 10, 2017 NAR submitted comments to the FHFA regarding the Agency's proposed “Duty to Serve Underserved Markets” Plans. Ensuring the continued availability of affordable mortgage credit to all qualified borrowers is an obligation of both Fannie Mae and Freddie Mac. Without the affirmative obligation of either of the Enterprises to facilitate the financing of affordable housing for low- and moderate-income families consistent with sustainable homeownership, access to credit in some of these markets would remain limited. As the Enterprises implement their... Read More... Read More »

  • NAR Comments on Energy Regulations
    NAR submitted comments on the most burdensome regulations issued by the Department of Energy.  In response to a Request for Information (RFI) on burdensome regulations, NAR, in its letter, outlined the regulatory burdens posed to the real estate sector by the Home Energy Performance Score and the Property Assessed Clean Energy Program. NAR welcomes the opportunity to promote effective, voluntary energy efficiency practices among property owners throughout the country. The association will continue to work with NAR members, property owners and all interested parties to educate... Read More... Read More »

  • CFPB Final Rule Clear on Ability to Share Closing Disclosures
    On July 7, 2017, the Consumer Financial Protection Bureau (CFPB) released the final rule amending the “Know Before You Owe” (KBYO or TRID) mortgage disclosure rule. As advocated for by NAR, the final rule clarifies the ability to share the Closing Disclosure (CD) with third parties - a victory for real estate professionals nationwide. As outlined in the 2016 proposed rule, the final rule highlights an existing exception within the Gramm-Leach-Bliley Act (GLBA) and implementing Regulation P that allows lenders to share the CD with third parties (sections 502(e... Read More... Read More »

  • NAR Joins Coalition to Preserve Net Neutrality
    NAR has joined a coalition of businesses and public interest groups working to preserve Open Internet rules—also known as network neutrality. NAR together with tech companies like Facebook, Microsoft and Amazon and main street companies like Walmart have joined together to advocate for preserving net neutrality. The coalition will work at the Federal Communications Commission (FCC), in the courts and on Capitol Hill to ensure that internet remains an open and level playing field, an issue critical to our business success. Net neutrality is shorthand for the concept that... Read More... Read More »

  • NAR Submits Statement on Housing Finance Reform
    On June 29, 2017, the U.S. Senate Committee on Banking, Housing & Urban Affairs held its first or several hearings of the year on housing finance reform. The hearing, entitled “Principles of Housing Finance Reform” consisted of three witness panelists from the Mortgage Bankers Association, Housing Policy Counsel of the Financial Services Roundtable, and Center for Responsible Lending. NAR submitted a statement highlighting that any new housing finance system must ensure that in all markets mortgage capital will always remain available for creditworthy... Read More... Read More »

  • NAR Comments on GSE Capital Reserves
    On June 27, 2017, NAR submitted letters to the U.S. Federal Housing Finance Agency (FHFA) Director, U.S. Treasury Secretary, members of the U.S. Senate Committee on Banking, Housing & Urban Affairs and U.S. House Committee on Financial Services, expressing concern related to the scheduled elimination of capital reserves held by Fannie Mae and Freddie Mac (Enterprises). Specifically, NAR letters state to Congress and the banking agencies that in the absence of comprehensive housing finance reform, policymakers need to address the declining capital reserves at the Enterprises.... 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 »