NAR Newsline
NAR Chief Economist Comments on March Jobs Report
NAR Chief Economist Lawrence Yun commented on March hiring and unemployment figures, released this morning by the Labor Department. A total of 196,000 jobs were added last month, exceeding the goal of 170,000 jobs set by many economists. This marked the 102nd straight month of job gains. “The job market is quite remarkable as more […]
NAR commends Senators Cotton, Duckworth for Work on Behalf of the RLI
Today, the National Association of Realtors(R), along with REALTORS(R) Land Institute President Jeramy Stephens, commended Senators Tom Cotton and Tammy Duckworth for their introduction of S.Res. 115, which recognizes the RLI as it celebrates its 75-year anniversary this month. The resolution, a full text of which can be found here, acknowledges the RLI for its […]
Instant reaction: NAR’s Lawrence Yun on Case-Shiller
The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s S&P/Case-Shiller release on November home prices: “The softening home price appreciation in the latest Case-Shiller index will continue in the upcoming months as housing inventory builds. But it is unlikely for the national median home price to actually decline given the housing shortage […]
REALTORS® Respond to EPA’s Proposed WOTUS Revision
Shannon McGahn, NAR’s Vice President of Government Affairs, issued the following statement after the EPA yesterday unveiled a proposal to change the Waters of the U.S. definition in order to clarify which waters are and are not regulated by the federal government. “Shannon McGahn, NAR’s Vice President of Government Affairs, issued the following statement after […]
NAR Leadership and Staff Named Real Estate’s 2019 Newsmakers
More than 230 real estate professionals were named as “newsmakers” for their role as influencers, crusaders, and trailblazers in the industry. RISMedia, a real estate news and information service, announced its “Class of 2019 Real Estate Newsmakers,” highlighting those in the industry who have made headlines over the past year because of their newsworthy contributions […]
Realtors® Applaud Administration’s Calls to End Conservatorship
Earlier this week, during an address to the Mortgage Bankers Association 2018 Annual Conference in Washington, D.C, Treasury Department Secretary Deputy Craig Phillips reiterated a Trump administration priority to end the conservatorship of Fannie Mae and Freddie Mac. NAR President Elizabeth Mendenhall, a sixth-generation Realtor® from Columbia, Missouri and CEO of RE/MAX Boone Realty, issued […]
Realtors® Applaud Senate Passage of 2018 WRDA Bill
WASHINGTON (October 10, 2018) – National Association of Realtors® President Elizabeth Mendenhall, a sixth-generation Realtor® from Columbia, Missouri and CEO of RE/MAX Boone Realty, issued the following statement after the Senate today voted to pass S. 3021, America’s Water Infrastructure Act of 2018. “America’s Water Infrastructure Act of 2018 ensures the U.S. Army Corps of […]
Instant Reaction: September Jobs Report
The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Bureau of Labor Statistics (BLS) report on the employment situation in September: “Job growth in September was positive yet slower compared to recent months, while the unemployment rate is low at 3.7% and wages are slowly pushing up. However, more jobs and higher […]
Realtors Urge Deduction for Rental Income
The Tax Cuts and Jobs Act includes a 20 percent deduction for sole proprietors and owners of S corporations and other business entities. This was designed to provide roughly the same rate cut provided to regular corporations. It is unclear, however, whether owners of rental real estate will be able to claim the deduction. This […]
Pending Home Sales Dip 1.8 Percent in August
Pending home sales fell slightly in August and have now decreased on an annual basis for eight straight months, according to the National Association of Realtors®. The Pending Home Sales Index,  a forward-looking indicator based on contract signings, decreased 1.8 percent to 104.2 in August from 106.1 in July. With last month’s decline, contract signings […]
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