Since the federal government enacted health insurance reform in 2010, NAR has put out a considerable amount of information on the law, including on the basics of signing up for insurance under the law based on a one-hour webinar REALTOR® Magazine hosted in early December. To provide you with additional guidance, NAR President Steve Brown […] Click Here To View More
Agent Education, Breaking Real Estate News, foreclosure, Foreclosure, REO, Short Sale News, Foreclosures, NAR News – #1 real estate coach, #1 realtor coach, harris real estate university, HREU, national association of realtors
Will the Mortgage Debt Relief Act be extended for another year? Yes. The Mortgage Debt Relief Act will be extended. The National Association of Realtors is working with the law makers to get the MDR extended for at least another year. Here are the details for you policy wonks: Issue Background: On December 31, 2013 the Mortgage Cancellation Tax Relief will expire. NAR has been working with Congress since early this year to extend this important real estate tax provision. Without an extension, homeowners who have any amount of a mortgage forgiven by a lender either in a short sale or […] Click Here To View More
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By NAR 2014 President Steve Brown It’s a tremendous honor to serve as the 2014 President of the National Association of REALTORS®. At our Annual Conference in San Francisco last week, I laid out my goals and direction for our Association in the coming year. For those of you unable to attend the inaugural, let […] Click Here To View More
Breaking Real Estate News, Foreclosure, REO, Short Sale News, NAR News, Technology – #1 real estate coach, #1 realtor coach, distressed property designation, harris real estate university, national association of realtors, tim and julie harris
Realtor.com® President Errol Samuelson reassured REALTORS® and REALTOR® association executives on Thursday that impending changes to the site — including the expansion of its database to include listings from sources other than REALTORS® — will strengthen the REALTOR® brand. Samuelson joined NAR CEO Dale Stinton and 2013 President Gary Thomas in a webinar to further […] Click Here To View More
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The response from NAR after the recent President Obama, Zillow housing event left no room for miscommunication: “…Zillow’s website is about using housing as fodder for entertainment, which is what this event aims to do.” Its a question of optics. There is no question that the White House elevated Zillow’s stature and did create a potential conflict with the perception of The National Association of Realtors. NAR isn’t simply a housing entertainment website. NAR doesn’t ask for (or get) any credit for what they did to turn around the housing industry. The fact is that the National Association of Realtors […] Click Here To View More
Agent Education, Breaking Real Estate News, Coaching & Training, NAR News, National Real Estate News & Comment – #1 real estate coach, #1 realtor coach, Breaking Real Estate News, distressed property designation, HREU, national association of realtors, real estate university, tim and julie harris
Tim and Julie Harris is proud to announce that it now offers the National Association of Realtors®’ official designations & certifications through REALTOR® University School of Professional Development & Continuing Education in addition to its existing coursework, which allows the Tim and Julie Harris better serve the diverse educational needs of real estate agents across the United States and beyond. As a REALTOR® University affiliate, Tim and Julie Harris now partners with Realtor University’s School of Professional Development and Continuing Education to provide courses in real estate such as buyer representation, land consulting, and international property alongside emerging specializations in […] Click Here To View More
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The falloff in short sales and foreclosure sales since the beginning of the year caught many California real estate professionals and analysts by surprise. We know part of the decline was seasonal, but we have good reason to believe government interven… Click Here To View More
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WASHINGTON (February 27, 2013) – Pending home sales rose in January, and have been above year-ago levels for the past 21 months, according to the National Association of Realtors®. There were healthy monthly gains in all regions but the West, which is constrained by limited inventory but was slightly improved. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, increased 4.5 percent to 105.9 in January from a downwardly revised 101.3 in December and is 9.5 percent above January 2012 when it was 96.7. The data reflect contracts but not closings. STOP! Do you need listings NOW? […] Click Here To View More
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BREAKING NEWS: Thank-You NAR President Elect Steve Brown for sending this to me… The Senate approved a fiscal cliff bill 89-8 early this morning. The $ 450K threshold would kick in higher tax rates [from 35 to 39.6%] for married households [ $400K for single]. Mortgage debt forgiveness is extended for two years. (Update: Extended for ONE YEAR…through the end of 2013.) A Clinton Administration limitation on itemized deductions returns. Called the Pease limitations, it is a very complicated phasing out of all itemized deducts for those whose incomes are above $250K for married households and singles earning more that […] Click Here To View More
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by Ron Phipps, 2012 Immediate Past President, NAR So if you are like me, you have been working in real estate for a long time. You think you have seen it all. Your body of work includes lots of transactions, and some amazing human stories, both happy and sad. In real estate we deal with […] Click Here To View More
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Fannie Mae issued Selling Guide Announcement SEL-2012-05. The Guide states that effective July 16, 2012, Fannie Mae will not purchase or securitize mortgages on properties encumbered by private transfer fee (PTF) covenants that were created on or after… Click Here To View More
Fannie Mae recently announced expansion of it’s Homepath Mortgage product that provides home buyers and investors financing for the purchase of Fannie Mae-owned properties. The new product will allow eligible individual and LLC borrowers to finance… Click Here To View More
On Monday, Sept. 17, 2012, NAR President Moe Veissi wrote to Federal Reserve Chairman Ben Bernanke regarding tight access to mortgage credit. The letter was in response to the Fed’s announcement of another round of quantitative easing commonl… Click Here To View More
One of the main questions hanging over the Federal Reserve’s plan to buy up to $40 billion a month in mortgage-backed securities (MBS) to help spur the housing market is whether continuing tight underwriting requirements will offset any positive impact the effort will have on lowering mortgage interest rates. NAR Chief Economist Lawrence Yun and […] Click Here To View More
One of the rights of citizenship in the United States is the right to petition the government, the right to share our opinion and our perspective with our elected and non-elected representatives. We do that individually and collectively, by organization, cause, or political party. It is something that your elected REALTOR® leadership does on an […] Click Here To View More
Helping Our Communities, Home Ownership Matters, Mortgage Interest Deduction, NAR News, Ron Phipps
The Consumer Financial Protection Bureau (CFPB) is writing rules that can have an enormous impact on real estate. The qualified mortgage (QM) rule, which sets out lender standards on what constitutes borrowers’ ability to repay, is one of them. So it was good to hear that among the members of CFPB’s new advisory board is […] Click Here To View More
The Federal Reserve hopes to drive down already low interest rates and reboot the sluggish economic recovery by buying up some $40 billion in mortgage-backed securities a month. But there’s a reason to wonder if a different kind of action would be better at getting the economy moving. And that’s a restoration of sensible underwriting […] Click Here To View More
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Some positive news from FHA today on its condo financing rules, with more changes expected to come in the near future. The changes should make it easier for borrowers—both investors who want to buy more than one unit and those who are buying just their primary residence—to get financing, which has tended to be more […] Click Here To View More
2014 seems like a long ways away but in Washington there are already concerns that a critically important program to the commercial real estate industry could end that year, which would make it hard for buyers and owners long before 2014 rolls around to get financing for their projects. The program is called TRIA, the […] Click Here To View More
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The federal government is taking steps to ease a problem lenders have been complaining about for several years, and that’s the buy-back risk they face if they underwrite a federally backed loan that goes bad and the guarantor of the loan—whether FHA, Fannie Mae or Freddie Mac—determines that the loan was never underwritten in compliance […] Click Here To View More