The articles on this page are samples of media coverage related to the Power of 'R' messages.
ST. CHARLES COUNTY SUBURBAN JOURNAL
(Mar 5, 2014) Today, the 1 million-plus members of the National Association of Realtors pledge to abide by the code in all aspects of their business. Realtors’ dedication to the American dream goes beyond the Code of Ethics. They strive hard to live up to the Golden Rule and should be a guide for all of us in so many parts of our lives. Realtors work hard to achieve the highest level of professionalism in all of their work with their clients, customers, affiliate partners and other Realtors. The American public should expect nothing less when they call their Realtor.
WALL STREET JOURNAL
(Mar 3, 2014) In a letter to the editor, NAR President Steve Brown says a recent WSJ article discounts the economic hardship felt by homeowners everywhere: It isn't just wealthy beachfront vacation property owners and their Realtors who are affected by new flood-insurance rate increases. Brown says, “While insurance subsidies for properties in historic flood plains need to be carefully reviewed and adjusted, but we need to make sure that the new maps are accurate and the new rates are properly calculated. And we need to fully understand the dramatic impact these increases have on property values and ownership sustainability.”
(Feb 27, 2014) When Rep. Dave Camp, R-Mich., chairman of the House Ways and Means Committee, unveiled his 182-page summary for revising the tax code on Wednesday, it marked the beginning, the high point and the end of the issue for the current Congress. The National Association of Realtors issued a statement saying it "supports reforms promoting economic growth, but we strongly oppose altering the rules that govern ownership and investment." That particular embrace of the general and rejection of the specific was a reaction to Camp calling for a reduction in the home mortgage tax deduction, part of his overall plan to reduce or eliminate some breaks in exchange for lowering rates for all.
NATIONAL MORTGAGE NEWS DAILY
(Feb 26, 2014) The fate of a measure that provided key tax relief to distressed homeowners is hanging in the balance as Congress debates a larger package of tax extenders. “There is a recognition that this specific extension needs to happen," said Jamie Gregory, deputy cheif lobbyist for NAR. But the uncertainty surrounding the issue is already having a negative impact in the mortgage market, some said.
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(Feb 20, 2014) A new study that says home staging does not translate into higher selling price, has sparked a controversy in the real estate business. But, Dorcas Helfant-Browning, former NAR president, says staging has always been part of the real estate business, and she relies on it to sell homes. “Good agents have been doing it forever,” Helfant Browning says. “ We call it preparing to move. People need help imagining what they would want their home to look like.”
(Feb. 19, 2014) The new regulator of Fannie Mae and Freddie Mac has made it a priority to meet with housing and real estate trade groups, the latest signal that he is taking their concerns about credit availability on board. Watt, sat down with the head of NAR earlier this month to discuss the mortgage market. "Director Watt listened carefully to our concerns," NAR President Steve Brown said about the Feb. 12 meeting.
(Feb. 18, 2014) Of the 20 percent of first-time buyers who said it was difficult to save for a down payment, 54 percent said student loans made it tough to save money, according to NAR. About half of the people polled in another of the group’s surveys said student debt was a “huge” obstacle to buying a home.
INVESTOR'S BUSINESS DAILY
(Feb. 14, 2014) As U.S. flood insurance subsidies phase out, real estate officials and groups are watching to see how home sales and prices in impacted housing markets will shake out. Some are concerned. NAR estimates that more than 40,000 home sales have been canceled or delayed since the new rates went into effect. "We've been getting stories of homebuyers walking away from the settlement table when they suddenly realized that flood insurance would be $10,000 as opposed to $1,000," said NAR deputy lobbyist Jamie Gregory.
(Feb. 14, 2014) After several years of slow recovery, the housing market began to show signs of improvement in 2013. According to Lawrence Yun, the National Association of Realtors’ chief economist, 2013 was a recovery year, and some homeowners saw their home equity grow as home prices rose and single-family home sales increased. However, the market still has its challenges, and Realtors remain committed to helping build a responsible, sustainable housing market in 2014.
(Feb. 6, 2014) Millennials saddled with student loans and other debts may have a hard time meeting the 43 percent debt-to-income ratio limit under the new “qualified mortgage” regulations that took effect in January, according to NAR research.