New Year, New REALTOR® Party Opportunities, What You Need to Know, Success Stories, and More
View e-mail in browser |
| January 12, 2023 |
|
  |
|
|
|
|
|
|
|
| Congress passed the FY 2023 Omnibus spending package right before Christmas, narrowly avoiding a shutdown and funding the federal government through September 30, 2023. The $1.7 trillion spending package included provisions important to real estate, including reauthorizing the National Flood Insurance Program and advancing fair and affordable housing. The NAR Policy team analyzed the bill and compiled a comprehensive list of the top real estate-related items here. |
|
|
|
|
| In late December, the White House released a roadmap to reduce homelessness and increase housing supply over the next two years. NAR applauded the plan for putting a spotlight on the housing supply crisis and reaffirmed our commitment to working with the administration on these issues. |
|
|
|
|
|
| The White House recently released an Inflation Reduction Act guidebook, which outlines how the new law’s tax credits and deductions can reduce the cost of energy-efficient home upgrades, offset the cost of adding residential clean energy sources, and make constructing energy-efficient single and multi-family homes cheaper and easier. The law also includes nearly $9 billion for consumer home energy rebate programs, with a focus on low-income consumers. |
|
|
|
|
| NAR Chief Economist Lawrence Yun unveiled his 2023 economic outlook, forecasting 4.78 million existing homes will be sold, prices will remain stable, and Atlanta will be the top real estate market to watch in 2023 and beyond. He also expects the 30-year fixed mortgage rate to settle at 5.7% as the Fed slows the pace of rate hikes to control inflation. |
|
|
|
|
|
|
|
| The REALTOR® Party At Work |
|
|
|
|
|
|
|
| Oklahoma City Metropolitan Association of REALTORS® Supports REALTOR® Champion for Housing |
| When the REALTOR® champion running to keep her seat on the Oklahoma County Commission faced a primary run-off, it looked like an uphill battle. Recognizing Carrie Blumert’s commitment to housing issues, the Oklahoma City Metropolitan Association of REALTORS® launched an independent expenditure campaign to help her continue her work as a County Commissioner. She won the run-off by just 121 votes – and her campaign believes the boost from the REALTORS® made all the difference. |
|
|
|
|
|
| South Carolina REALTORS® Honored with Fair Housing Award |
| The social unrest that swept the nation in 2020 prompted South Carolina REALTORS® to take an unflinching look at discrimination as it exists around them and in the real estate industry. Their determined focus and introspection brought about a heightened awareness and major cultural shift, earning national recognition through a Fair Housing Award from the Association of Real Estate License Law Officials. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Improvements to 2023 Placemaking Grants |
Placemaking Grants are used to transform unused or underused sites into vibrant new gathering places. Starting this month, funding for the Level 1 and Level 2 Placemaking Grants has increased to help cover the rising costs of labor and construction materials. Guidelines for the grants have also been expanded to make more projects eligible for funding. Learn more about the changes in this blog post
Questions? Contact Catherine Mesick at 202-383-7512. |
|
|
|
|
|
|
|
|
|
|
|
| Advocacy Resource Guide |
| The Advocacy Resource Guide – Vote, Act, and Invest, REALTOR® Party – includes resources and tools that can help associations reach their advocacy goals and meet Core Standards requirements. State and local REALTOR® association staff can request printed copies for events and conferences by contacting Ted Wright. Requests for printed guides must be submitted two weeks prior to the event. |
|
|
|
|
|
|
|
| |
|
|
| |
| |
|
.png){kind=small}