Differences in household composition and financing options incentivize homebuying demand for veteran and active military, according to the 2018 Veterans & Active Military Home Buyers Profile, which evaluated the differences of recent active-service and veteran home buyers and sellers to those who have never served.
Check out this infographic highlighting some of the report’s findings:
According to a new report from the National Association of REALTORS®, 61 percent of REALTORS® reported that consumers are interested in sustainability when it comes to buying a home. The report found that transportation and commuting are the most important environmental considerations consumers take into account, with easy access to highways (82 percent), short commute times and distance to work (81 percent) and walkability (51 percent) stated as very or somewhat important.
NAR President Elizabeth Mendenhall, a sixth-generation REALTOR® from Columbia, Missouri and CEO of RE/MAX Boone Realty, said, “REALTORS® are leaders in the conversation about real estate sustainability, energy conservation and resource efficiency, and we will continue to promote environmentally conscious strategies and best practices that benefit not just our clients, but also our communities.”
Read NAR’s REALTORS® and Sustainability 2018 Report for more information on the growth of environmentally friendly home features and NAR’s efforts to promote sustainability in real estate. Speak with a recent homeowner in your area about how important energy efficiency was in deciding to buy. Talk to REALTORS® in your community about how they include sustainability in their listings and MLS.
REALTORS®, members of the National Association of REALTORS®, from across the country had the opportunity to attend a policy briefing at the White House Eisenhower Executive Office Building during the 2018 REALTORS® Legislative Meetings & Trade Expo. It was a great opportunity to hear first-hand about some of the policy initiatives the administration is focusing on that are impacting REALTORS®, consumers and the broader housing industry.
REALTORS® heard from and engaged with a number of administration officials, who addressed some of the specific concerns REALTORS® focused on during their legislative meetings. Andrew Olmem, special assistant to the president for economic policy, highlighted the House of Representative’s momentum to review the “Economic Growth, Regulatory Relief, and Consumer Protection Act,” (S. 2155), a bipartisan bill that provides regulatory relief from certain provisions of the Dodd-Frank Act. Mr. Olmem noted the administration considers it important to simplify and streamline current lending practices, which have become over-complicated and expensive and costing consumers more money.
Adolfo Marzol, senior advisor to Secretary Carson, Department of Housing and Urban Development, offered remarks focusing on FHA financing for condominiums – an issue of significant interest to REALTORS®. Mr. Marzol reiterated the administration’s strong agreement with REALTORS® that the FHA’s condo policies need to be revised, but he could not specify a timeline for when changes would be finalized and go into effect. He also expressed a need for the FHA to modernize their systems, citing their 40-year-old mainframe as an example of of old technology slowing down critical processes for borrowers and lenders. The administration has proposed a fee in their budget requests to generate $20 million to update these systems.
REALTORS® also heard from Neomi Rao, the administrator of the Office of Information and Regulatory Affairs, who discussed the important role of that office, housed at the Office of Management and Budget, in reviewing administration regulations. Rao described some of the upcoming regulatory priorities, including the need for infrastructure reform through streamlining permits, reforms to the Endangered Species Act, and having the Environmental Protection Agency review the Waters of the U.S. regulations.
The final presenter, Bill Stepien, deputy assistant to the president and director of the Office of Political Affairs, gave an update on the current political environment and predictions for the coming mid-term election. Mr. Stepien outlined some of the challenges facing Republicans and a few of the administration’s economic and national security policies, which will shape some of the races across the country.
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