Monthly Archive:: October 2012

QM, QRM to Lock in Tight Loan Standards

Home mortgage originations will shrink by up to 20 percent and the economy as a whole clipped by 1.1 percent over the next three years if federal regulators proceed with their proposed qualified mortgage (QM) and qualified residential mortgage...
October 26, 2012

Jobs, Rising Rents Help Pending Sales Inch Up

NAR’s forward-looking pending home sales index showed a very small rise in September, just 0.3 percent, but it’s one more data point to suggest the recovery is solidly underway even if it remains modest. The rise represents the latest...
October 25, 2012

Realtors Property Resource®: What It Is, How You Benefit

Chances are, you have heard of the Realtors Property Resource® (RPR) by now. But what is it, exactly, and how can it benefit you? More than four years ago, the idea of a nationwide online database of comprehensive, high-value property...
October 23, 2012

Political Prognostications With Charlie Cook

The presidential race is a dead heat right now, but former Massachusetts Gov. Mitt Romney has a tougher road ahead, according to Charlie Cook, editor and publisher of the Cook Political Report and a frequent source of election information...
October 22, 2012

REThink How you Position Your Business

Many of NAR’s initiatives to help keep REALTORS® at the center of the real estate transaction despite the flood of change that’s surrounded the industry over the years have come from NAR’s strategic planning efforts. NAR’s Second Century Ventures...
October 22, 2012

Home Prices Up 11 Percent

Home sales dropped a bit over the last month but they remain strong compared to this time last year and price gains remain robust. NAR Chief Economist Lawrence Yun released NAR’s September 2012 existing-home sales figures on Friday last...
October 22, 2012

Workforce Housing Experts to REALTORS®: Uncle Sam Needs You

Foreclosures, minimum wage, and Generation Y were among the varied issues discussed at last week’s Workforce Housing Forum. But the theme of REALTOR® advocacy for affordable housing for working Americans permeated nearly every speech, panel, and breakout session. Every...
October 15, 2012

Unravel the Mysteries of International Real Estate

What’s the difference between a resident alien and a non-resident alien? Do foreign nationals need a social security card to purchase property in the U.S? How many decades has it been since the last time it rained in Lima,...
October 12, 2012

Going Global: Are You Ready?

Miami is known for its colorful vibrancy, but 23,000 vacant condos put a dark cloud over the south Florida market at its peak inventory in 2008. Do you know what happened? They’ve all sold — largely due to the...
October 12, 2012

3.8% Tax: What’s True, What’s Not

Ever since health care reform was enacted into law more than two years ago, rumors have been circulating on the Internet and in e-mails that the law contains a 3.8 percent tax on real estate. NAR quickly released material...
October 9, 2012