Small businesses are an integral component of a thriving national economy. But according to NAR’s annual Commercial Real Estate 2012 Lending Survey, the lending environment is tightening for those businesses and hindering a commercial real estate recovery.
In yet another strong signal the housing market is on the way to recovery, the 2012 NAR Member Profile shows Realtor® income and business is growing after years of decline. The median income for Realtors® grew 2.3 percent to $34,900 in 2011, the first overall gain in nine years.
On May 31, 2012, the National Flood Insurance Program is once again set to expire. Since 2008, the NFIP has been extended 17 times, and allowed to expire twice.
HouseLogic.com, NAR’s award-winning website about all aspects of homeownership, has been selected as an Official Honoree of the 16th Annual Webby Awards in the Lifestyle category. HouseLogic received recognition for superior quality and outstanding caliber of work.
The second home market surged in 2011, according to data from the 2012 NAR Investment and Vacation Home Buyers Survey. The combined market share of investment and vacation homes rose to the highest level since 2005.
On May 17, 2012, Realtors® from across the country will Rally to Protect the American Dream in Washington, D.C., as part of NAR’s Midyear Legislative Meetings & Expo that week. The rally itself aims to keep housing and homeownership issues at the forefront of the nation’s public policy agenda on behalf of homeowners and aspiring homeowners.