The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s S&P/Case-Shiller release on November home prices: “The softening home price appreciation in the latest Case-Shiller index will continue in the upcoming months as housing inventory builds. But it is unlikely for the national median home price to actually decline given the housing shortage […]

Shannon McGahn, NAR’s Vice President of Government Affairs, issued the following statement after the EPA yesterday unveiled a proposal to change the Waters of the U.S. definition in order to clarify which waters are and are not regulated by the federal government. “Shannon McGahn, NAR’s Vice President of Government Affairs, issued the following statement after […]

More than 230 real estate professionals were named as “newsmakers” for their role as influencers, crusaders, and trailblazers in the industry. RISMedia, a real estate news and information service, announced its “Class of 2019 Real Estate Newsmakers,” highlighting those in the industry who have made headlines over the past year because of their newsworthy contributions […]

Earlier this week, during an address to the Mortgage Bankers Association 2018 Annual Conference in Washington, D.C, Treasury Department Secretary Deputy Craig Phillips reiterated a Trump administration priority to end the conservatorship of Fannie Mae and Freddie Mac. NAR President Elizabeth Mendenhall, a sixth-generation Realtor® from Columbia, Missouri and CEO of RE/MAX Boone Realty, issued […]

WASHINGTON (October 10, 2018) – National Association of Realtors® President Elizabeth Mendenhall, a sixth-generation Realtor® from Columbia, Missouri and CEO of RE/MAX Boone Realty, issued the following statement after the Senate today voted to pass S. 3021, America’s Water Infrastructure Act of 2018. “America’s Water Infrastructure Act of 2018 ensures the U.S. Army Corps of […]

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Bureau of Labor Statistics (BLS) report on the employment situation in September: “Job growth in September was positive yet slower compared to recent months, while the unemployment rate is low at 3.7% and wages are slowly pushing up. However, more jobs and higher […]

The Tax Cuts and Jobs Act includes a 20 percent deduction for sole proprietors and owners of S corporations and other business entities. This was designed to provide roughly the same rate cut provided to regular corporations. It is unclear, however, whether owners of rental real estate will be able to claim the deduction. This […]

Pending home sales fell slightly in August and have now decreased on an annual basis for eight straight months, according to the National Association of Realtors®. The Pending Home Sales Index,  a forward-looking indicator based on contract signings, decreased 1.8 percent to 104.2 in August from 106.1 in July. With last month’s decline, contract signings […]

The following is NAR Chief Economist Lawrence Yun’s reaction to today’s Federal Reserve decision to raise interest rates: “The era of super-low mortgage rates is over and consumers will face higher interest rates over the next two years. Another rate hike by the Fed is almost certain before year’s end, along with three further rounds […]

With just six weeks remaining until the 2018 midterm election, today marks National Voter Registration Day in America. This morning, National Association of Realtors® President Elizabeth Mendenhall, a sixth-generation Realtor® from Columbia, Missouri and CEO of RE/MAX Boone Realty, called on America’s 1.3 million Realtors® to ensure they are registered to vote this November. “An […]