News


  • 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 »

  • Existing-Home Sales Jumped 4.4% in March
    WASHINGTON (April 21, 2017) — Existing-home sales took off in March to their highest pace in over 10 years, and severe supply shortages resulted in the typical home coming off the market significantly faster than in February and a year ago, according to the National Association of Realtors®. Only the West saw a decline in sales activity in March.  Total existing-home sales 1, https://www.nar.realtor/topics/existing-home-sales, which are completed transactions that include single-family homes,... Read More... Read More »

  • Second Century Ventures Announces 2017 REach® Accelerator Class
    CHICAGO (April 20, 2017) – The National Association of Realtors®’ strategic investment arm, Second Century Ventures, unveiled seven organizations chosen for the 2017 class of REach®, a growth technology accelerator program helping launch companies into the real estate, financial services, banking, home services and insurance industries. The program is focused on providing early-to mid-stage companies with access to NAR’s industry expertise, influence and key relationships as companies are launched into the trillion dollar real estate space. “As... Read More... Read More »

  • Personal Safety Company Guard Llama Scores Deal on ABC's "Shark Tank"
    WASHINGTON (April 17, 2017) – With an offer of $100,000 from investor Barbara Corcoran, 2015 REach real estate technology accelerator participant and personal safety device company, Guard Llama, is officially a part of “Shark Tank” television history. Guard Llama offers a mobile personal security system that expedites the 9-1-1 dispatching process when dialing 9-1-1 is not possible. This technology caught the attention of the National Association of Realtors®’ strategic investment arm, Second Century Ventures, which... Read More... Read More »

  • Affordability, Tight Supply Cause Vacation Home Sales to Plummet in 2016; Investment Sales Climb 4.5%
    WASHINGTON (April 11, 2017) — Last year’s strongest pace of home sales in a decade included a sizeable drop in activity from vacation buyers and a jump from individual investors, according to an annual second-home survey released today by the National Association of Realtors®. The survey additionally found that vacation and investment buyers in 2016 were more likely to take out a mortgage and use their property as a short-term rental. NAR’s 2017 Investment and Vacation Home Buyers Survey 1, covering existing- and new-... Read More... Read More »

  • Majority of Realtors® Say Clients Interested in Sustainability
    WASHINGTON (April 6, 2017) — Growing consumer interest and demand for greener, more sustainable properties is driving a dialogue between Realtors® and homebuyers and sellers. Over half of Realtors® find that consumers have interest in real estate sustainability issues and practices, according to the National Association of Realtors®’ recent REALTORS® and Sustainability report. The report, stemming from NAR’s new Sustainability Program, surveyed Realtors® about sustainability... Read More... Read More »

  • VA Home Loan Program Marked by Strong Underwriting, but Appraisers Raise Concerns
    WASHINGTON (April 4, 2017) – Challenges facing real estate appraisers servicing the Veterans Affairs were under Congress’s microscope this week as the National Association of Realtors® and other industry leaders took to Capitol Hill to hail the continued success of the VA Home Loan Guaranty Program. Michelle Bradley, a state-certified general real property appraiser from Pennsylvania and Immediate Past Chair of NAR’s Real Property Valuation Committee, testified before the House Veterans Affairs Committee Subcommittee on Economic Opportunity. Bradley told... Read More... Read More »

  • With National Flood Insurance Program Expiring in Six Months, Realtors® Sound the Alarm
    WASHINGTON (March 30, 2017) — On September 30, just six months from today, the National Flood Insurance Program will expire. The National Association of Realtors® is working closely with federal regulators and members of Congress to strengthen the program and clear the way for a private market to take hold; NAR has also issued a series of principles to improve... Read More... Read More »

  • Pending Home Sales Leap 5.5% in February
    WASHINGTON (March 29, 2017) — Pending home sales rebounded sharply in February to their highest level in nearly a year and second-highest level in over a decade, according to the National Association of Realtors®. All major regions saw a notable hike 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, jumped 5.5 percent to 112.3 in February from 106.4 in January. Last month's index reading is 2.6... 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 »

  • 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 »

  • 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 »

  • 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 »

  • EGRPRA Report to Congress
    The Federal banking agencies, which make up the Federal Financial Institutions Examination Council (FFIEC), have issued a joint report to Congress detailing their review of rules affecting financial institutions. The review, which included a formal comment period and public hearings, was conducted under the requirements of the Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA) of 1996.    Based on the comments received and their own analysis, the agencies declined to raise the threshold for residential real estate loans, which will remain at $250,000. NAR... Read More... Read More »

  • DOJ Shifts Support Against CFPB
    The Department of Justice (DOJ) has filed an amicus brief defending the holding that the unaccountable single-director structure of the Consumer Financial Protection Bureau (CFPB) is unconstitutional in the case of PHH Corp. v. CFPB. In reversal of support, the DOJ adopts the U.S. Court of Appeals for the D.C. Circuit’s three-judge panel finding that the Dodd-Frank Act’s for-cause removal restriction for the CFPB director was unconstitutional. The DOJ compared multi-member regulatory commissions to the single-director structure of the CFPB, arguing that current removal... Read More... Read More »

  • NAR Urges Congress to Support Net Neutrality
    On Mar. 20, NAR sent a letter to the House and Senate Commerce committees reiterating our support for the Federal Communications Commission’s (FCC’s) Open Internet Order implemented in 2015. NAR urged the committees to oppose legislation and regulatory efforts that would threaten network neutrality and rollback important protections put in place by the FCC in 2015. 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... Read More... Read More »

  • NAR’s Analysis of the President’s Budget
    On Mar. 16, 2017, President Trump released his budget for the 2018 fiscal year, which begins on October 1. Please download below the highlights of the budget proposal that impact real estate.  Download Budget Highlights... Read More »

  • House Approves Association Health Plan
    On Thursday, Mar. 22, 2017, the House of Representatives approved H.R. 1101, the Small Business Health Fairness Act (Johnson; R-TX), by a vote of 236-175. The bill amends title I of the Employee Retirement Income Security Act of 1974 to exempt health care plans sponsored by trade and business associations from most state laws and regulations. The bill would allow an association sponsoring a health care plan to choose the health benefits included in the plan, as long as the plan meets certain federal and state statutory minimums. These association sponsored... Read More »

  • NAR Urges Mnuchin to Protect MID
    In a letter dated March 10, 2017, NAR 2017 President William E. Brown urged new Treasury Secretary Steven Mnuchin to protect the current tax benefits of homeownership as the Trump Administration seeks to reform the federal income tax system. Referring to recent media reports where Mnuchin promised to leave “the mortgage interest deduction as is,” the letter explained that certain types of tax reform plans, such as the “Blueprint” put forward by House Republicans last year, also pledge to leave the deduction untouched. However, by nearly doubling the standard... Read More... Read More »

  • President Trump Releases Budget
    On Thursday, March 16th, President Trump released the "America First - A Budget Blueprint to Make America Great Again". The budget does not include many details, but is more an outline of President Trump’s spending proposals. House and Senate appropriations committees will review the budget proposals and will develop the final budget documents for the President's signature. Of interest to NAR, the budget would cut $6.2 billion from the U.S. Department of... Read More... Read More »

  • Senate Commerce Hearing on Drones
    On Wednesday, March 15, the Senate Commerce, Science, & Transportation Committee held the hearing "Unmanned Aircraft Systems: Innovation, Integration, Successes, and Challenges."  The hearing focused on the industry growth seen since the FAA released its rule on Small Unmanned Aircraft Systems (UAS), which went into effect in August 2016, as well as areas in which further regulation is needed for UAS technology to realize its full potential for U.S. businesses and the economy.  Witnesses included representatives from the FAA, airports, energy providers, and the UAS... Read More... Read More »

  • HUD Secretary Launches Listening Tour
    On March 15, 2017, Department of Housing and Urban Development (HUD) Secretary Ben Carson began his nation-wide "listenting tour" to better understand the way HUD and its programs are working in the day-to-day sense. Sec. Carson first mentioned the idea of the listening tour during his Senate confirmation hearing in January. The first stop was Secretary Carson's hometown, Detroit, MI. The Secretary met with Detroit Mayor Mike Duggan, public housing officials, and renters at Benjamin Carson High School, a public school named after the Secretary. The Secretary... Read More... Read More »

  • Flood Insurance Hearings
    On March 9, 2017, the House of Representatives held the first of several hearings on the National Flood Insurance Program (NFIP). The Senate’s first hearing is on March 14. The NFIP must reauthorized to continue selling flood insurance after September 30 of this year. The purpose of these hearings is to solicit ideas for how to restructure the NFIP with the goal of developing comprehensive reform legislation this spring. FEMA was the sole witness for the first two hearings. NAR submitted two letters for the hearings,... Read More... Read More »