Industry Updates

Confront Discrimination in NAR’s New Simulation Training

Welcome to Fairhaven, a fictional town where REALTORS® work against the clock to sell homes while confronting discrimination in the homebuying process. This new, immersive online simulation training will also put members of the National Association of REALTORS® in the shoes of a client experiencing discrimination as they try to buy a home. Sandra Butler, AHWD, chair of NAR’s Fair …

Read More »

NAR Survey Reveals Home Buying, Selling Trends Since Pandemic

The COVID-19 pandemic has had a noteworthy impact on homeownership. Although the virus continues to take a toll and unemployment remains above pre-pandemic levels, the housing market has been booming, and trends are starting to emerge, according to the National Association of REALTORS®’ newly released “2020 Profile of Home Buyers and Sellers.” The profile, produced annually, contains a new section …

Read More »

Vermont Tops List for Tiny Home Remote Offices

While many Americans want to upsize in the COVID-19 pandemic, others are still embracing a tiny home lifestyle, whether as a full residence or just a home office, finds a new survey from IPX1031, a 1031 tax exchange resource. There’s enough desire that investors still think it’s a lucrative investment, too. Tiny homes are often considered to be 500 square …

Read More »

CFPB Issues New QM Rules

The Consumer Financial Protection Bureau issued final rules Thursday that revise its definition of “qualified mortgages,” or QM, which could impact a significant number of mortgage originations across the country. The federal government requires lenders to verify that a borrower has the financial means to repay a mortgage before issuing a loan to him or her. The borrower must meet …

Read More »

45% of Consumers Say They’d Move if Bosses Continue to Allow Remote Work

The work-from-home trend may be translating into a need-a-new-home trend. The COVID-19 pandemic has prompted more people to work remotely, and as more people hunker down at home, they’re looking at real estate for a move. Forty-five percent of consumers recently surveyed by Homes.com say they would move if given the chance to continue working remotely. Twenty percent of respondents …

Read More »

NAR 360

Our new reality is re-framing what it means to be together. Our home is everything now. It’s our office. It’s our gym. It’s our children’s classroom and their playground. Our new restaurant is our kitchen. We’ve had to invent new ways to love, and new ways to spend time together. We’ve had to rethink how we do business, and what …

Read More »

Don’t Miss NAR’s First-Ever Virtual Conference & Expo

NAR’s 2020 REALTORS® Conference & Expo is your chance to reset your outlook, restore your power, revive your inspiration and and find your “R”!. From education and information; to products and services; to connections and referrals; and business optimization tools and best practices; it’s well worth the cost of attendance for the one-stop-shop, real-life takeaways. Register today to make an …

Read More »

NAR Member Profile: Realtors® Used More Technology, Cited Inventory Constraints

Even before the real estate industry was confronted with the coronavirus pandemic, Realtors® had already begun to make sizable increases in their use of technology and online tools in an effort to accommodate clients and advance their businesses. That is according to the National Association of Realtors®’ 2020 Member Profile, an annual report that outlines members’ behaviors and characteristics over …

Read More »

Millennials Are Fueling Housing’s Rebound

Young prospective home buyers in their 20s and 30s who were once reluctant to purchase are now driving the housing market recovery during the pandemic, The Wall Street Journal reports. Even prior to the pandemic, millennial buyers were starting to increase in number, accounting for more than half of all new-home loans early last year. They have consistently stayed above …

Read More »

VAR Realtor® Restart Plan

Vermont’s Work Smart and Stay Safe initiative requires businesses with 10 or more employees to develop a reopening and training plan to ensure the health and safety of employees and the public as Vermont phases in the opening of businesses throughout the state. In early May, the Vermont Association of Realtors® (VAR) formed a Real Estate Sector Return to Work …

Read More »

Pandemic Has Made Americans More Eager to Buy, Survey Finds

The pandemic isn’t scaring off home buyers. More than half—or 53% of about 1,000 home buyers recently surveyed—say they are more likely to buy a home in the next year due to the coronavirus outbreak. First-time home buyers and millennials may be the most eager to buy within the next 12 months, the survey from LendingTree shows. The top two …

Read More »

NAR’s 2020 ‘That’s Who We R’ Campaign is Live

“That’s Who We R,” NAR’s national advertising campaign, helps consumers understand that REALTORS® are real estate experts in their local communities, who abide by NAR’s Code of Ethics and fight for real estate dreams and property rights. This year’s ads rally consumers to “Look for the R” for reassurance, resources, and reliable guidance on their path to property ownership. Take …

Read More »