Land Banks on the Rise
Catherine Mesick, REALTOR® Magazine More communities are turning to land banks to help address vacant, abandoned, and tax-delinquent properties. Since 2010, over 200 land banks have launched nationwide, said Brian Larkin, director of the National Land Bank Network at the Center for Community Progress. Land banks acquire and maintain distressed properties with the goal of transferring them […]
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NAR to Host Virtual Townhall with FEMA CEO
To address the many questions members have about the future of the National Flood Insurance Program under Risk Rating 2.0, the National Association of REALTORS® will be hosting a Townhall session with CEO of the Federal Emergency Management Agency (FEMA) David Maurstad online on Aug. 23. Risk Rating 2.0 was designed by FEMA to modernize […]
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Eviction Moratorium: Small Housing Providers Head Back to Court
National Association of REALTORS® Housing providers brought their case back to court Wednesday after the Centers for Disease Control and Prevention (CDC) extended the eviction moratorium through October 3. The Lawsuit The Alabama and Georgia associations of REALTORS® filed an emergency motion Wednesday night with Judge Dabney Friedrich of the U.S. District Court for the District of Columbia, asking her to […]
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Biden Focuses on Tackling Inventory Crisis
REALTOR® Magazine Home sales and affordability are falling due to severely constrained inventory. As such, more government leaders are putting greater focus on the inventory crisis. President Joe Biden recently reiterated his administration’s focus on housing as part of its broader infrastructure push. He’s called for a “historic investment” in housing that could generate 2 […]
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Yun: We’ve Never Seen Prices Appreciate This Fast
REALTOR® Magazine Just how wild is the real estate market right now? You don’t hear National Association of REALTORS® Chief Economist Lawrence Yun say this every day: “We’ve never seen price appreciation of this magnitude.” It’s a sobering message in NAR’s latest home sales video, which covers the month of May, when the median home […]
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REALTORS® Relief Foundation Announces 20th Anniversary Campaign
National Association of REALTORS® WASHINGTON (June 28, 2021) – The REALTORS® Relief Foundation was created in the immediate aftermath of September 11, 2001, with the belief that no American should be left homeless because of a terrorist attack or natural disaster. Realtors® raised $8.4 million within 100 days of the attacks, and in the years since have […]
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Contract Signings Surge as Home Buyers Remain Eager
REALTOR® Magazine Pending home sales bounced back strongly in May and surged to the highest reading for the month of May since 2005, the National Association of REALTORS® reported Wednesday. NAR’s Pending Home Sales Index, a forward-looking indicator of home sales based on contract signings, climbed 8% in May compared to April. Contract signings are […]
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CDC Extends Eviction Moratorium Through July
National Association of REALTORS® On Thursday, June 24, the Centers for Disease Control (CDC) extended its federal eviction moratorium, previously set to expire on June 30, through July 31, 2021. The agency stated in its announcement that this latest extension of the moratorium, which has been in place since September 2020 under the CDC’s powers […]
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NAR, KCRAR Advocate to Preserve 1031 Like-Kind Exchanges
Recently, the Biden Administration proposed a $500,000 cap on the 1031 like-kind exchange, which is a section of the U.S. tax code that allows investors to avoid paying capital gains taxes when selling an investment property and reinvesting the proceeds into a similar property. The National Association of REALTORS® and KCRAR are both advocating against […]
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NAR’s Center for Financial Wellness Offering Retirement Planning Summit for REALTORS®
As a part of its Center for Financial Wellness, the National Association of REALTORS® will be hosting an online Retirement Summit in July. This four-part virtual series is designed to help REALTORS® shape their vision for retirement and develop steps to ensure their finances are set for the long-term. Members can register for a limited […]
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