The articles on this page are samples of media coverage related to the Power of 'R' messages.
(12/16/2014) The share of first-time buyers this year dropped to the lowest level since 1987, the National Association of Realtors reported last month. While the U.S. homeownership rate has fallen to 64.4 percent, the lowest in almost two decades, the rate among people age 65 or older stayed at about 80 percent. That includes some of the older members of the baby boomer generation, those born from 1946 to 1964.
The Washington Post
(12/12/2014) So you’ve begun thinking about selling your house, and you figure: Let’s wait until the spring or early summer before listing. The yard will look its best and potential buyers will be out in force. And everybody knows that winter is dead time for real estate. Mary Bayat, a broker active in the Washington market and chairman-elect of the Northern Virginia Association of Realtors, says that in the past two weeks alone, she has participated in three deals involving sellers who were far more open to negotiations than they were months ago.
(12/12/2014) The House approved 417-7 six-year reauthorization of the Terrorism Risk Insurance Act for six years, with reforms to protect taxpayers and a clarification of the Dodd-Frank Act to protect jobs at Main Street businesses that had nothing to do with the 2008 financial crisis. National Association of Realtors President Chris Polychron said that his trade association supported the measure. “The six year reauthorization of the Terrorism Risk Insurance Act passed yesterday with overwhelming bipartisan support in the U.S. House of Representatives will provide much needed certainty to the commercial real estate market,” Polychron said.
(December 8, 2014) The vast majority of Americans who do not own a home still see homeownership as a praiseworthy goal, despite the damage wrought by the subprime mortgage crisis.
(December 4, 2014) Mortgage rates for 30-year U.S. loans fell for a fourth week, reducing borrowing costs to the lowest level in a year and a half. Sales demand has been choppy. New-home sales rose at a slower pace than analysts forecast in October, according to Commerce Department data released last week. Contracts to purchase previously owned homes unexpectedly dropped in the month, the National Association of Realtors said Nov. 26.
(December 2, 2014) The National Association of Realtors recently sent a letter to the FAA asking that regulations be issued so that drones can be used. The agency has indicated that regulations are in the works.
New REALTOR Benefits® Partner Provides Exclusive Member Pricing and Features on Customizable Websites
(November 19, 2014) Technology has transformed the way real estate professionals do business, and establishing an online presence is essential to connecting with and marketing to potential clients. To help members build and maintain their online identity, the National Association of Realtors(R) welcomes Placester, one of the largest providers of real estate websites in the world, to the REALTOR Benefits® Program.
The Washington Post
(November 19, 2014) If you have to show the home, market it, pay to list it and handle other aspects of the sale, including paying 3 percent to a broker that brings you a buyer and handling all information distributions required by law, you’ll have to decide if it’s worth the time and expense to handle the transaction yourself. Some sellers decide the savings are worth it. However, we have heard from readers that many try to sell on their own for a while, find it quite trying and give up and list their home with a real estate agent. Somewhere around 88 percent of homes are sold with real estate agents, according to the National Association of Realtors. So some people have success selling on their own.
(November 14, 2014) News Corp (NWS) is now the owner of Move (MOVE), which operates Realtor.com for the National Association of Realtors, as the companies completed the previously announced acquisition on Friday. When the deal was announced, the companies said that News Corp would acquire all of Move’s outstanding shares for $21 per share, a price that represented a premium of 37% over Move’s closing stock price on September 29. The originally projected cost of the acquisition was $950 million.
(November 12, 2014) Zillow has agreed not to close its pending acquisition of Trulia before Feb. 1 as the Federal Trade Commission continues its review of the deal. The FTC has been studying how a Zillow-Trulia merger could impact competition, and made second requests for information from the companies in early September.
(November 11, 2014) On Monday, NAR Board of Directors voted on several key policy changes that will greatly impact the role of the Realtor when it comes to professionalism.
(November 07, 2014) After Federal Housing Finance Agency Director Mel Watt announced his plans to change some of the housing finance industry lending standards to expand the credit box, he went to next source of strengthening homeownership: Realtors. During the National Association of Realtors Convention & Expo, Watt emphasized to Realtors that now is a great time for real estate agents to be actively encouraging their customers to become homeowners.
(October 29, 2014) Mortgage applications to purchase a home continued their slide last week, down 5 percent from the previous week. Lower rates did nothing to improve purchase volume over the past several weeks, and applications are now running 15 percent below year-ago levels. Signed contracts to buy existing homes were flat in September from August, according to a report Monday from the National Association of Realtors. With loan purchase applications still falling, it is unlikely that sales will improve markedly this month.
(October 29, 2014) There were 46,000 completed foreclosures nationally, down from 68,000 in September 2013, a year-over-year decrease of 32.6% and down 61% from the peak of completed foreclosures in 2010.
(October 25, 2014) Some real estate agents are already using drones to showcase homes they are selling in violation of the FAA’s rules. While real estate agents can photograph the kitchen, bedrooms, and living room on their own, drones can provide unique aerial views of a home and its surrounding neighborhood. “For realtors trying to sell really large properties, this would be less costly than hiring a helicopter to fly overhead,” says a spokeswoman for NAR.
(October 22, 2014) Chances are that most Realtors are aware that a new “top-level domain” — .realtor — will debut this week. The National Association of Realtors, which won the right to administer the domain, will give away 500,000 .realtor domains to members on a first-come, first-served basis