In this month's edition of the Commercial Podcast, NAR Treasurer Bill Armstrong updates members on the industrial sector. He discusses the increased demand for industrial space—from 11.2 million square feet in 2010 to 126 million square feet in 2011—and provides insight on the increase in U.S. manufacturing and exports.
2011 NAR President Ron Phipps kicks off the second half of NAR's Home Ownership Matters bus tour at the first stop in Atlanta, Georgia. Over the next 4 months, 33 states and more than 12,000 miles NAR will be bringing the message that home ownership matters to communities both large and small.
NAR Treasurer Bill Armstrong updates members on a policy proposal that could be disastrous for commercial real estate. It's called QCRE, and it refers to "qualified commercial real estate" loan standards proposed by the Dodd-Frank Financial Reform Law.
2011 NAR President Ron Phipps talks about once again battling government policies that prevent consumers from getting mortgages. He discusses the pitfalls of the qualified residential mortgage (QRM) policy proposal requiring consumers to put 20 percent down to make a mortgage "safe." He also talks about the dangers of the current FHA, Fannie Mae, and Freddie Mac loan limits set to expire on Sept. 30, and asks REALTORS® to answer the call for action to make them permanent.
In this month's edition of the Commercial Podcast, NAR Treasurer Bill Armstrong urges all REALTORS® to answer the Call for Action on the MID. He also updates members on the commercial market forecast and our work to bring prosperity back to commercial real estate.
NAR President Ron Phipps asks us to pause and take time to remember the sacrifices of the men and women of the military and our veterans in a special Memorial Day message to members.