Buyers Flood Spring Market; NAR, Senate Take on Patent Trolls

National Association of Realtors®
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NATIONAL ASSOCIATION of REALTORS®


FORWARD TO A FRIEND  |  CUSTOMIZE THIS NEWSLETTER  |  VISIT REALTOR.ORG


MAY 7, 2015



MAY 7, 2015


FEATURED STORY


Spring Market:
More Buyers Than Usual

Feature Story
 

An unusually high volume of home-buyer demand is flooding the spring market, with pending home sales rising in March for the third consecutive month and hitting their highest level since June 2013. In this video, NAR Chief Economist Lawrence Yun talks with Social Media Director T.J. Doyle about the spike. Watch now.



NAR Battles the Trolls

An NAR-backed Senate bill and op-ed in The Hill take on the problem of patent trolls.


Shadow Inventory Disappears

Why does it matter that shadow inventory is steadily dropping? Find out in this infographic.



Buyers: Budget for Repairs

Share with buyers this infographic on common home-repair costs.






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INDUSTRY NEWS FROM REALTOR® MAGAZINE

MLSs Increasing New-Home Data to Members
15 Hottest Housing Markets Right Now
Home Owners Rush for Refi Savings
Survey: Home Buyer Anxiety Runs High
Housing Analysts Bet 2016 Is Standout Year





RESEARCH & STATISTICS

Spring Market: More Buyers Than Usual
An unusually high volume of home-buyer demand is flooding the spring market, with pending home sales rising in March for the third consecutive month and hitting their highest level since June 2013. Watch this video to hear NAR Chief Economist Lawrence Yun spell out details.

Shadow Inventory Steadily Disappearing
Why does it matter that shadow inventory is declining? Find out in this infographic.

Scan Your Area’s Household Financials
Check out the financial characteristics of households in your zip code, metro area, and state from 2009-2013 in this interactive infographic.

May is Blooming Big Savings from Lenovosup®/sup, a REALTOR  Benefitssup®/sup Program partner! Upgrade your old PC with instant Savings up to 38% off select Lenovo laptops, tablets, desktops, workstations, servers and accessories! Shop now by visiting your dedicated shopping site at Lenovo.com/NAR! Don't for get to Accessorize your PC!





LEGAL

Video Walks Through Disclosure Changes
Watch this month’s Window to the Law video on new TILA-RESPA integrated disclosure forms created by the Consumer Financial Protection Bureau. You’ll hear how the new requirements will affect transactions and changes to association-created form contracts.

Broker Liable for Slander of Title
A Michigan court has held that a broker’s refusal to release a lien on a commercial property after funds sufficient to cover the commission were deposited in escrow was a violation of the state’s Commercial Real Estate Broker’s Lien Act.


New Disclosure Forms Alter Transactions
Major changes are coming to transactions starting Aug. 1. Read a brief summary of the changes, information on how the changes will affect association form contracts, and important takeaways for real estate pros.





LEGISLATIVE & REGULATORY

NAR, Senate Target Patent Trolls
A bill aimed at making it more difficult for patent trolls to sue or extort companies has been introduced in the Senate. Find out more about the Protecting American Talent and Entrepreneurship Act, or Patent Act, here. And read NAR President Chris Polychron’s op-ed in The Hill spelling out the problems the real estate industry is experiencing with patent trolls here.

CFPB Pursues Alleged Mortgage Kickbacks
Participants in an alleged mortgage-kickback scheme were hit by the Consumer Financial Protection Bureau and Maryland attorney general. The CFPB alleges the Maryland-based title company’s executives and loan officers traded cash and marketing services in exchange for mortgage referrals. Read more.

House to Vote to Undo EPA Water Rule
A new House bill would require the Environmental Protection Agency to withdraw its proposed rule on waters of the United States and start the regulatory process from scratch. Read more.

Register Now for CFPB RESPA Webinar
Save your place at a free May 26 webinar hosted by the Consumer Financial Protection Bureau and Federal Reserve to answer frequently asked questions about the RESPA/TILA integrated disclosure rule taking effect Aug. 1. Find out why NAR has recommended implementation be on a trial basis.

MORE…FHA Delays Handbook Implementation Date

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MORE FROM NAR





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MARK YOUR CALENDAR



May 11-16, 2015: REALTORS® Legislative Meetings & Trade Expo



It’s next week! Be there for this must-attend meeting in Washington, D.C.



Nov. 13-16, 2015: REALTORS® Conference & Expo



Check out the new website for the big event in San Diego.




Questions? We’re here to answer and guide you to all the information you need

Grow your business with the Accredited Buyer’s Representative (ABR®) designation. ABR® education provides the expertise you need for an edge in serving today’s home buyers.

REALTOR.org/Store - the only place for hundreds of top industry products at great prices.

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Grow your business with the Accredited Buyer’s Representative (ABR®) designation. ABR® education provides the expertise you need for an edge in serving today’s home buyers.

REALTOR.org/Store - the only place for hundreds of top industry products at great prices.


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