First-Time Buyers Up, and Nearly All Had Representation

National Association of Realtors®
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NATIONAL ASSOCIATION of REALTORS®


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


November 3, 2016



November 3, 2016


FEATURED STORY


First-Time Buyers Up, and
Nearly All Had Representation

NAR
 
First-time buyers made up 35% of all home buyers, an increase over last year’s near all-time low of 32%, reports NAR’s just-released profile of buyers and sellers, now celebrating its 35th year. A whopping 88% purchased their home through an agent or broker. Read more.



NAR Lists TRID’s Pros, Cons

NAR to CFPB: Know Before You Owe rule increased transparency, but compliance issues remain.


When Sellers Won’t Leave

Sellers sticking around for showings? How to show them the door so buyers can feel at home.



Loan Limits May Go Up

Federal regulators may finally be ready to raise the conforming loan limit. Read more.






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INDUSTRY NEWS FROM REALTOR® MAGAZINE

Don’t Let Clients Make These Winter Mistakes
Is That Home Near a Meth House?
How to Handle Pets During a Showing
Have You Spent Too Much on Digital Ads?
You May Soon Be Selling a Shipping Container





RESEARCH & STATISTICS

Price Growth to Bring Lending Changes?
After nearly a decade of waiting, federal regulators may finally be ready to raise the national conforming loan limit. And that’s not the only change that may affect borrowers. Read more.

Video: Signed Contracts See Small Gain
Watch Lawrence Yun’s latest update, this time covering the decline in mortgage applications, the increase in pending sales, the signs of a stabilizing market, and what’s happening with first-time buyers.

How Housing Differs in Red, Blue States
With the election almost here, NAR Research takes a look at owners’ housing preferences based on their political beliefs. Read the results.

Help Clear the Path to Homeownership for your clients. Ask your lender partners today if they are using Freddie Mac Loan Product Advisor, our next generation automated underwriting tool. FreddieMac.com/AskYourLender





LEGAL

How to Manage Records More Efficiently
Watch this month’s Window to the Law video to find out how to better manage your firm’s business records by creating a record-retention program.

NAR members stuff your wallet with savings during Lenovo's PREMIER VIP Sale! Get your holiday shopping done early starting Oct 31st through Nov 9th and take advantage of INSTANT SAVINGS up to 45% off select award winning PCs, Laptops, Tablets, and more from Lenovo, a proud partner in the REALTOR Benefits® Program. Visit your Member Benefits site to shop at www.lenovo.com/NAR  or call 800-426-7235 Ext. 4827 for sales assistance.





LEGISLATIVE & REGULATORY

NAR: TRID Rule Has Pros and Cons
The Know Before You Owe rule has increased transparency for consumers and accountability of financial institutions. But compliance issues remain, costing consumers and the industry time and money. That’s the gist of comments NAR has sent on potential amendments to the rule. Read NAR’s letter now.

HUD Updates Owner-Occupancy Rate
The U.S. Department of Housing and Urban Development has made changes to the Federal Housing Administration’s owner-occupancy requirement for condominiums to meet the requirements of the recently passed Housing Opportunity Through Modernization Act of 2016. Read the updates.

Track REALTOR® Party Election Results
Check out the REALTOR® Party returns on election night. You’ll get expert analysis, candidate and campaign profiles, and state election results. Sign up for the REALTOR® Party post-election live webcast, and join the conversation on Facebook and Twitter; use the hashtags #RPVotes and #REALTORParty.

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Start realizing the benefits that quality, actionable leads can have on your business when you switch to online leads from realtor.com®!


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Help Clear the Path to Homeownership for your clients. Ask your lender partners today if they are using Freddie Mac Loan Product Advisor, our next generation automated underwriting tool. FreddieMac.com/AskYourLender


Advertisement

NAR members stuff your wallet with savings during Lenovo's PREMIER VIP Sale! Get your holiday shopping done early starting Oct 31st through Nov 9th and take advantage of INSTANT SAVINGS up to 45% off select award winning PCs, Laptops, Tablets, and more from Lenovo, a proud partner in the REALTOR Benefits® Program. Visit your Member Benefits site to shop at www.lenovo.com/NAR  or call 800-426-7235 Ext. 4827 for sales assistance.




MORE FROM NAR





Learn all the benefits of membership. Visit REALTOR.org >




Grow your business on your schedule with the Accredited Buyer's Representative (ABR®) Designation. The ABR® designation provides the expertise you need to serve today's homebuyers.





MARK YOUR CALENDAR



Nov. 4-7, 2016: REALTORS® Conference & Expo



NAR’s biggest event starts tomorrow. Be spontaneous and register now.



March 31-April 2, 2017: National Land Conference



Plan now to be in Charlotte, N.C., for the REALTORS® Land Institute’s main event.




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

Be the First to Know and the First to Save. Follow the REALTOR Benefits® Program Facebook page.

Free rewards are waiting with NAR's Member Value Plus (MVP) Program

Grow your business on your schedule with the Accredited Buyer's Representative (ABR®) Designation. The ABR® designation provides the expertise you need to serve today's homebuyers.

Be the First to Know and the First to Save. Follow the REALTOR Benefits® Program Facebook page. 

Free rewards are waiting with NAR's Member Value Plus (MVP) Program


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