Items Tagged with 'NAR'

ARTICLES

  • NAR invests in blockchain startup Propy

    Protech real estate platform aims to digitize and streamline real estate transactions
    The National Association of Realtors is backing Propy, a Silicon Valley startup whose real estate software aims to automate real estate transactions and allows properties to be bought and sold in an automated digital process that includes the use of cryptocurrency.
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  • DOJ demands to see CoreLogic's MLS data in antitrust probe

    Investigation follows lawsuits against NAR, MLS providers on buyer broker compensation rules
    The Department of Justice recently sent a letter to CoreLogic requesting access to its MLS data regarding buyer broker compensation, a clear sign that the federal authorities are actively investigating allegations of antitrust violations among multiple listing service providers.
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  • NAR: Monthly existing home sales fall 0.4% in April

    But inventory growth likely to spur sales
    In April, existing home sales fell slightly from the previous month, but growing inventory signaled improvement in the market, according to the latest report from the National Association of Realtors. NAR Chief Economist Lawrence Yun said he is not overly concerned about April's 0.4% dip in sales and expects moderate growth very soon.
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  • FHA's Montgomery says "more flexible" condo rules are coming

    Says agency is actively working to revise condo approval requirements
    FHA Commissioner Brian Montgomery said the agency is currently working to revise its condominium approval rules and that he expects a final rule to be announced soon. After a near three-year wait, Montgomery said the industry can expect a final ruling on the proposed revisions that will be "less prescriptive and more reflective of the current market."
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  • Trump: "Many geniuses" are working to end government control of Fannie and Freddie

    Tells NAR audience administration will work closely with Congress to pass critical reforms
    President Donald Trump spoke about Fannie Mae and Freddie Mac for two minutes near the end of a one-hour speech at the National Association of Realtors convention in Washington on Friday. In addition to HousingWire’s story on Trump’s speech, here are the president’s complete and unedited comments on housing-finance reform.
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  • Trump announces in NAR speech that he's lifting steel and aluminum tariffs

    NAR tweets: "MAGA hats will not be handed out at the door"
    President Donald Trump used his one-hour speech at the National Association of Realtors convention on Friday to announce the U.S. would be lifting steel and aluminum tariffs on Canada and Mexico. The president also said he fondly recalled his decades in the real estate industry and said he plans to return to it when he’s out of office.
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  • NAR: Home prices are rising but at a much slower pace

    Home prices rise 3.9% in the first quarter of 2019
    The national median existing single-family home price increased 3.9% annually to $254,800 in the first quarter of 2019. Despite this increase, Q1’s total now sits just below the annual increase of 4% in the fourth quarter of 2018. NAR Chief Economist Lawrence Yun said in order to combat slower price gains, the construction industry needs to develop more affordable housing units.
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