Making Unfair Housing History, What You Need to Know, Success Stories, and More
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| April 14, 2022 |
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| President's Challenge |
| President Leslie Rouda Smith has asked NAR leaders to complete the Fair Housing Challenge and the REALTORS® Commitment to Excellence program. All members are encouraged to fulfill this challenge to stand up for fair housing and take their professionalism and service to the next level. Watch this video to learn more. |
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| NAR released its newest study, 2022 Obstacles to Home Buying, this week, which found the #1 obstacle holding back buyers of all races is the lack of affordable homes. Despite challenging market conditions, the report also noted nearly all homebuyers agree homeownership is still the American Dream. |
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| NAR advocated for many REALTOR® priorities in the $1.5 trillion bipartisan spending bill signed into law in mid-March. The legislation included $85 million for fair housing activities, including HUD’s Fair Housing Initiatives Program, Fair Housing Assistance Program, and the National Fair Housing Training Academy. This level represents an increase of $12.5 million above the FY 2021 enacted level. |
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| President Biden’s fiscal year 2023 budget proposal released at the end of March included a historic $50 billion investment to increase the supply of affordable housing. “This unprecedented investment demonstrates how seriously the White House views the supply crisis,” says NAR's chief advocacy officer Shannon McGahn. “We worked with the administration and Congress over the past year on comprehensive policy proposals, and now a consensus is growing across Washington that decisive action is needed.” NAR's policy team breaks down the full budget request here. |
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| Homebuyers this spring are facing a double whammy of rising home prices and mortgage rates. During the first two months of 2022, home prices climbed by more than 15% compared to a year ago, says Nadia Evangelou, NAR senior economist and director of forecasting. Over the last three months, mortgage rates have risen by 1.5 percentage points, the fastest three-month rise in 28 years. |
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| The REALTOR® Party At Work |
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| NEW Videos: VA Home Loans and Flood Insurance |
| NAR and the VA have released a two-part video series on the VA Home Loan Guaranty Program, designed to help REALTORS® better serve veteran and active duty homebuyers achieving homeownership with VA loans. NAR also worked with FEMA on two videos that discuss why Risk Rating 2.0, the new flood insurance rating system, is beneficial to REALTORS® and homeowners. |
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| Grant Help to Address Broadband, Well and Septic Regs, Zoning, and More |
Fund your association’s advocacy, education, and engagement initiatives related to broadband, floodplain, on-site well and septic, open space preservation, protection overlay districts, and infrastructure challenges with help from Rural Outreach Grants. Need inspiration? Learn how the Baldwin REALTORS® helped their region prepare for flood impact with grant support.
Questions? Contact Christine Windle |
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| Become an Industry Leader as an NAR Spire Mentor |
| Take your profession to the next level and become an NAR Spire Mentor. You’ll enhance your reputation in the community as you share your knowledge and enthusiasm with an eager mentee. Check to see if your association is participating in the 2022 NAR Spire program and apply today. |
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| Alert: Health Insurance Scam Targeting NAR Members |
| NAR is currently investigating reports of an unauthorized third-party posing as NAR and attempting to fraudulently sell members health insurance. If you receive a text message or phone call offering health insurance from NAR, please do not respond or provide any personal or financial information. Remember: NAR will never contact you by phone or text to solicit personal or financial information, or to sell any product or service. |
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