The power of the American Dream reaches far beyond U.S. borders, into the hearts and minds of people in countries across the globe. According to the 2012 NAR Profile of International Home Buying Activity, foreign sales accounted for $82.5 billion for the past year ending March 2012, up from $66.4 billion in 2011.
REALTOR® Magazine is the official magazine of the NATIONAL ASSOCIATION OF REALTORS® and the business tool for real estate professionals. The magazine advances real estate best practices, brings expert insight to significant trends, and provides REALTORS® with timely decision-making tools on business purchases and strategies.
We're pleased to introduce a new look for REALTOR.org, along with new tools that make the site easier to use.
NAR President Moe Veissi wrote to Federal Reserve Chairman Ben Bernanke regarding tight access to mortgage credit, urged Bernanke to weigh in on three key rule proposals.
NAR attended a recent symposium that highlighted the many concerns and questions regarding a new proposal being considered by several local governments across the country to seize mortgages by using their eminent domain authority.
The Federal Housing Finance Agency sent a notice to the Federal Register announcing a revised approach to guarantee fee (g-fees) charges.
Fannie Mae recently announced expansion of it's Homepath Mortgage product that provides homebuyers and investors financing for the purchase of Fannie Mae-owned properties.
Last week the House passed the FHA Emergency Fiscal Solvency Act of 2012, which strengthens FHA's financial solvency; allows FHA to collect losses from lenders who made material errors in underwriting or committed fraud; and strengthens financial oversight and disclosure.
The Federal Housing Administration (FHA) issued a mortgagee letter announcing modest improvements to the treatment of condos under the FHA program.