NAR Chief Economist Says Commercial Real Estate Will Revitalize, Calls on Federal Reserve to Consider Cutting Interest Rates
National Association of REALTORS® Commercial property rates are expected to stabilize – aside from office space – and commercial real estate will revitalize, according to NAR Chief Economist Lawrence Yun. Yun presented yesterday at the Commercial Economic Issues and Trends Forum at 2023 NAR NXT, The Realtor® Experience, in Anaheim, California, to discuss economic trends and […]
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KCRAR Contributes to Disaster Relief Efforts in Hawaii
The KCRAR Charitable Fund recently contributed $5,000 to the REALTORS® Relief Foundation after fires recently devastated communities on the Hawaiian island of Maui. The REALTORS® Relief Foundation (RRF) announced $1.5 million in disaster relief aid has been made available to Hawaii REALTORS® in support of the REALTORS® Association of Maui. “Maui’s recent wildfires have deeply […]
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Almost 60% of Metro Areas Posted Home Price Gains in the Second Quarter of 2023
National Association of REALTORS® Key Highlights Almost 60% of metro markets (128 out of 221) registered home price gains in the second quarter of 2023 as 30-year fixed mortgage rates oscillated between 6.28% and 6.71%, according to the National Association of REALTORS®’ latest quarterly report. Five percent of the 221 tracked metro areas registered double-digit price […]
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NAR Introduces REALTOR® Safety Podcast Hosted by KC Industry Partner
‘Drive With NAR: The Safety Series’ will be hosted by local safety expert Tracey Hawkins The National Association of REALTORS® (NAR) recently launched a new podcast, Drive with NAR: The Safety Series, on July 17. The podcast is hosted by Tracey Hawkins, a KCRAR Industry Partner, safety expert and former real estate agent with nearly […]
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REALTOR® Dennis Curtin Honored with Art Installation at Mimi’s Pantry
A 25-foot-long custom painted picnic table was unveiled last week at Mimi’s Pantry to honor the work of founder Dennis Curtin. The art was commissioned by the National Association of REALTORS® (NAR) and painted by local artist JT Daniels with artistic portrayals of the service and community impact of Mimi’s Pantry. The purpose of the […]
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US Housing Market Needs More Than 300,000 Affordable Homes for Middle-Income Buyers
National Association of REALTORS® Key Highlights The U.S. housing market is short more than 300,000 affordable homes for middle-income buyers, according to a new analysis from the National Association of Realtors® and Realtor.com®. The country’s persistent housing inventory crunch impacts middle-income buyers more than any other income bracket. NAR and Realtor.com®’s housing affordability and supply report examines […]
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NAR Applauds White House Task Force for Changes to Address Appraisal Bias
National Association of REALTORS® National Association of Realtors® President Kenny Parcell issued the following statement today after the White House’s Property Appraisal and Valuation Equity (PAVE) Task Force announced significant regulatory actions and changes to address appraisal bias: “Realtors® are dedicated to upholding fair housing laws in all aspects of real estate, including appraisals,” said […]
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NAR President Testifies About New Mortgage Fees Before Congressional Panel
National Association of REALTORS® National Association of Realtors® President Kenny Parcell testified before the House Committee on Financial Services Subcommittee on Housing and Insurance this week about the Federal Housing Finance Agency’s (FHFA) new loan level pricing adjustments (LLPA) fee increase on borrowers with fair to good credit profiles. Parcell, a Realtor® for 27 years from Spanish Fork, Utah, said the fees were […]
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Real Estate Trade Groups Unite in Support of Federal Fair Housing Rule
The rule improves upon HUD’s 2015 AFFH rule, providing for more robust community engagement, streamlining processes for funding recipients, and providing greater transparency. The proposed rule also places a new emphasis on expanding homeownership opportunities.
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Middle-Income Homeowners in Kansas City Gained More Than $96,000 in Wealth Over the Past Decade from Home Appreciation
New data from the National Association of REALTORS® reveal middle-income homeowners in Kansas City accumulated a median of $96,160 in wealth as their homes appreciated over the last 10 years. The data, which was featured prominently in NAR’s new report, Wealth Gains by Income and Racial/Ethnic Group, speaks to the value agents and REALTORS® bring […]
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