Fine Balance Needed between Property Rights, Regulation of Short-term Rentals
WASHINGTON (May 13, 2016) – Mobile and online technology and evolving consumer tastes are changing the dynamics of renting property, and the debate on whether the regulatory response from state and local governments clashes with individual property rights will likely continue, according to speakers at a panel discussion on the current issues surrounding short-term rentals […]
Millennials Changing Face of America, Heavily Impacting Homeownership, Say Experts
WASHINGTON (May 13, 2016) — Millennials are bucking trends, changing the landscape of America, and sharply different from previous generations in many different ways. One of the most visible and consequential ways is through millennial homeownership numbers, according to experts on generational trends and homeownership presenting at the 2016 REALTORS® Legislative Meetings & Trade Expo. […]
Existing-Home Sales Rise in April for Second Straight Month
WASHINGTON (May 20, 2016) — Despite ongoing inventory shortages and faster price growth, existing-home sales sustained their recent momentum and moved higher for the second consecutive month, according to the National Association of Realtors®. A surge in sales in the Midwest and a decent increase in the Northeast offset smaller declines in the South and […]
NAR Member Survey Shows More, Younger Realtors® Entering the Industry
WASHINGTON (May 19, 2016) — The median age and years of experience of Realtors® has decreased as new and younger professionals enter the industry, according to the 2016 National Association of Realtors® Member Profile. The survey’s results are representative of the nation’s nearly 1.2 million Realtors®; members of NAR account for about half of all […]
Top Purchase Markets for Millennial Homebuyers, According to NAR
WASHINGTON (June 2, 2016) – A flurry of financial obstacles and lifestyle choices are stalling the journey to homeownership for many young adults, but becoming a homeowner is currently more feasible in some less expensive metro areas with steady job growth and lower qualifying incomes needed to buy, according to new research by the National Association […]
Pending Home Sales Lift Off in April to Over 10-Year High
WASHINGTON (May 26, 2016) — Pending home sales rose for the third consecutive month in April and reached their highest level in over a decade, according to the National Association of Realtors®. All major regions saw gains in contract activity last month except for the Midwest, which saw a meager decline. The Pending Home Sales […]
Realtor® Volunteering Works Program Announces 2016 Mentoring and Grants Recipients
WASHINGTON (May 25, 2016) — REALTOR® Magazine and the Good Neighbor Society have announced the recipients of the eighth annual Volunteering Works grants and mentoring; the program 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 […]
71 Percent Believe Student Debt Delays Homeownership
NAR Chief Economist Lawrence Yun and NAR 2016 Vice President Sherri Meadows WASHINGTON (June 13, 2016) — Seventy-one percent of non-homeowners repaying their student loans on time believe their debt is stymieing their ability to purchase a home, and slightly over half of all borrowers say they expect to be delayed from buying by more […]
Move, Inc.-Zillow Lawsuit Settled
WASHINGTON (June 7, 2016) —We are pleased that Zillow has agreed to a settlement amount of $130 million in damages instead of going to trial, and that the parties have reached an amicable resolution. NAR’s relationship with Move, Inc., and realtor.com® is based on a mutual respect for Realtors® and their efforts to bring online […]
Commercial Drone Use Set to Take Flight with Release of FAA Rule
WASHINGTON (June 21, 2016) — Commercial drone use in the real estate business got a boost today with the release of the Federal Aviation Administration’s final rule governing small unmanned aerial systems, or UASs, in the national air space. Drones are increasingly being used in commercial applications, but federal regulations have required commercial drone operators […]
