{"id":15095,"date":"2023-05-16T18:29:51","date_gmt":"2023-05-16T18:29:51","guid":{"rendered":"https:\/\/realtorparty.realtor\/?p=15095"},"modified":"2024-02-05T18:35:40","modified_gmt":"2024-02-05T18:35:40","slug":"1118-2-2-2-2-2-2-2-2-2-2-2-2-2-2-4-2-2-2-2-2-2-2-2-2-2-2-2-2-2-2-2-2-3-2-2-2-2-2-2-2-2-2-2-2-2-2-2-2-2","status":"publish","type":"post","link":"https:\/\/realtorparty.realtor\/news\/newsletters\/realtor-party-news\/0523","title":{"rendered":"REALTOR\u00ae Party News – May 2023"},"content":{"rendered":"

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REALTOR\u00ae Blue Takes Over Washington, D.C. <\/a><\/h3>\n

Last week, nearly 9,000 REALTORS\u00ae descended on Washington, D.C. for the 2023 REALTORS\u00ae Legislative Meetings. We spent six days discussing the most pressing issues affecting the real estate industry and met with members of Congress and their staff at the inaugural REALTOR\u00ae National Block Party, which 95% of Capitol Hill offices registered to attend! Nationals Park became a sea of blue that demonstrated the unmatched impact REALTORS\u00ae have in their communities.<\/p>\n

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40<\/a><\/h2>\n

[\/vc_column_text][\/vc_column_inner][vc_column_inner width=”5\/6″][vc_column_text]Following significant urging from NAR, last week the Federal Housing Finance Agency (FHFA) rescinded its proposed loan level pricing adjustment (LLPA) upfront fee on borrowers with debt-to-income ratios greater than 40 percent that was slated to go into effect August 1. NAR applauded the FHFA for listening to the industry\u2019s concerns about imposing this cost on borrowers at a time when affordability is already stretched.
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82%<\/a><\/h2>\n

[\/vc_column_text][\/vc_column_inner][vc_column_inner width=”5\/6″][vc_column_text]Federal Housing Administration (FHA) Commissioner Julia Gordon keynoted the Regulatory Issues Forum at the REALTORS\u00ae Legislative Meetings. In her remarks, she shared that more than 82% of FHA\u2019s borrowers this year are first-time homebuyers and outlined ways REALTORS\u00ae and FHA can work together to \u201cserve the people who are getting their foot on that first rung of the homeownership ladder.\u201d
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2<\/a><\/h2>\n

[\/vc_column_text][\/vc_column_inner][vc_column_inner width=”5\/6″][vc_column_text]The NAR Board of Directors approved numerous committee recommendations related to the association’s advocacy agenda at its May 11 meeting in Washington, D.C., including requiring new applicants for membership to complete 2 hours of fair housing training and existing members to complete 2 hours of training every three years. Recommendations were also approved in the areas of federal taxation, federal financing and housing, and conventional finance.
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6<\/a><\/h2>\n

[\/vc_column_text][\/vc_column_inner][vc_column_inner width=”5\/6″][vc_column_text]During the Federal Legislative and Political Forum at the REALTORS\u00ae Legislative Meetings, two of the nation’s top economists had a lively discussion on the debt limit and shared their predictions on how it will be addressed. Dana Peterson, chief economist at The Conference Board, gave a sober warning that \u201ceverything\u201d shuts down if there is a debt limit breach. \u201cThat (shutdown) cuts 6 percentage points from GDP, ensuring an immediate recession,\u201d she said.
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3%<\/a><\/h2>\n

[\/vc_column_text][\/vc_column_inner][vc_column_inner width=”5\/6″][vc_column_text]At the Residential Economic Issues & Trends Forum at the REALTORS\u00ae Legislative Meetings, NAR Chief Economist Lawrence Yun said the Federal Reserve’s most recent rate hike was unnecessary, and he expects the Fed will stop raising interest rates further. \u201cInflation will not reignite \u2013 inflation will come down closer to 3% by the year\u2019s end,\u201d Yun stated.
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5<\/a><\/h2>\n

[\/vc_column_text][\/vc_column_inner][vc_column_inner width=”5\/6″][vc_column_text]A coalition of 5 housing groups \u2013 including NAR \u2013 recently united in support of the Department of Housing and Urban Development\u2019s (HUD) proposed Affirmatively Furthering Fair Housing rule that provides guidance and tools for cities and states that receive HUD funding to find local solutions to reverse segregated housing patterns. The regulation is designed to implement the Fair Housing Act\u2019s directive that HUD and its funding recipients take action to overcome patterns of segregation and foster inclusive communities free from discrimination.
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51%<\/strong><\/h2>\n

[\/vc_column_text][\/vc_column_inner][vc_column_inner width=”5\/6″][vc_column_text]As of April 21, RPAC fundraising reached 51% of its national goal with more than $25.5 million raised at all three levels of the association, and 75% of its federal disbursements allocation goal with more than $7 million raised at the national level. RPAC currently has more than 4,000 Major Investors, 1,000 President\u2019s Circle members, and a 28% participation rate.[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_custom_heading text=”The REALTOR\u00ae Party At Work” use_theme_fonts=”yes”][vc_column_text]<\/p>\n

Don\u2019t forget to bookmark NAR\u2019s Washington Report<\/a> for the latest policy updates.<\/strong><\/p>\n

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Greater Rochester Association of REALTORS\u00ae Produces Video on Local History and Continued Impact of Discriminatory Real Estate Practices<\/a><\/h3>\n

In a new documentary co-created by the Greater Rochester Association of REALTORS\u00ae, and with the help of a REALTOR\u00ae Party Fair Housing Grant<\/a>, a young activist-filmmaker states that historic housing discrimination is \u201ca history we were not taught, but it\u2019s a history we deserve to know.\u201d That same spirit spurred the local REALTORS\u00ae to co-produce the 20-minute video in partnership with its community partner, the Antiracist Curriculum Project (ACP), to explain the ongoing impact of redlining and racially restrictive covenants.
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Huntsville Area Association of REALTORS\u00ae Helps Craft Vision for City\u2019s Meridian Corridor<\/a><\/h3>\n

A nearly four-mile swath of downtown Huntsville, Ala. has a bright new outlook thanks to local REALTORS\u00ae and the REALTOR\u00ae Party\u2019s Transforming Neighborhoods<\/a> program, a partnership with the Counselors of Real Estate\u00ae (CRE) Consulting Corps. This elite team of experts advises communities on redevelopment with an emphasis on housing and economic growth. Working with the Huntsville Area Association of REALTORS\u00ae, the city received one of the CRE\u2019s three consultations sponsored by NAR last year, and with the final report in hand, is looking forward to implementing its plans.
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Huntsville Area Association of REALTORS\u00ae Activates Chandelier Alley<\/a><\/h3>\n

Thanks to the Huntsville Area Association of REALTORS\u00ae and a REALTOR\u00ae Party Placemaking Grant<\/a>, a dimly lit, little-used service alley in downtown Huntsville, Ala., has found new purpose as a creative, interactive community gathering space. Once a dingy spot that pedestrians would avoid, the newly minted Chandelier Alley has sprung to brilliant life with sparkling lights, interactive art, and bustling crowds.
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Southeast Alaska Board of REALTORS\u00ae Mobilizes to Overturn Mandatory Disclosure of Sales Price<\/a><\/h3>\n

Housing costs are high all over, but in Juneau, Alaska, this has always been the case. Land is not only limited but physically isolated from the continent by a rugged glacier field, requiring building materials to be flown or shipped into the capital city. When the Juneau Assembly passed an ordinance forcing property purchase prices to be made public, the Southeast Alaska Board of REALTORS\u00ae recognized that transfer taxes would not be far behind \u2013 and would result in even higher housing costs. With help from a REALTOR\u00ae Party Issues Mobilization Grant<\/a>, they launched a citizens\u2019 ballot initiative to overturn the ordinance.
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Community Outreach Grant Application Period Closing<\/a><\/h3>\n

The popularity of Community Outreach Grants has surpassed our expectations! Due to the high demand for Fair Housing, Housing Opportunity, Smart Growth, Placemaking, and Rural Outreach Grants, we expect to reach our maximum capacity before the application period ends on October 15. Once capacity is reached, the application window will close and reopen on January 2, 2024. We understand the significance of these grants to our REALTOR\u00ae associations and encourage you to apply if you are conducting an eligible initiative in the near future and planning on grant support.<\/p>\n

Questions? Contact <\/em>Christine Windle<\/em><\/a> at 202-383-1135.<\/em><\/p>\n

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Access the New Smart Growth Toolkit <\/a><\/h3>\n

his new guide<\/a> is a collection of strategies, resources, and success stories to inspire REALTORS\u00ae and associations with ways they can help improve their community\u2019s land use and transportation systems for long-term success. It also spotlights REALTORS\u00ae engaged in the direction of their community’s growth and development through elected and appointed office.<\/p>\n

Questions? Contact <\/em>Hugh Morris<\/em><\/a>.<\/p>\n

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Explore Spring 2023 On Common Ground<\/em> Magazine <\/a><\/h3>\n

Learn how to finance the preservation of historic buildings, develop downtown revitalization strategies, encourage adaptive reuse, and rebuild stronger, more vibrant neighborhoods. An online version<\/a> is available via the OCG APP<\/a> (Apple<\/a>) (Google Play<\/a>). Over 35,000 copies will be distributed to state and local associations and elected officials.<\/p>\n

On the list? If not, contact <\/em>Hugh Morris<\/em><\/a>.<\/em>
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Poll Consumers to Advance Growth Priorities <\/a><\/h3>\n

Use the State and Local Polling Growth Program<\/a> to survey residents on growth and development priorities to inform land use policies. Learn how the Greater Greenville Association of REALTORS<\/a>\u00ae used the program to assess voter attitudes toward infrastructure and housing development.<\/p>\n

Questions? Contact <\/em>Hugh Morris<\/em><\/a>.<\/p>\n

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Advocacy Resource Guide <\/a><\/h3>\n

The Advocacy Resource Guide<\/a> \u2013 Vote, Act, and Invest, REALTOR\u00ae Party \u2013 <\/em>includes resources and tools that can help associations reach their advocacy goals and meet Core Standards requirements. State and local REALTOR\u00ae association staff can request printed copies for events and conferences by contacting Ted Wright<\/a>. Requests for printed guides must be submitted two weeks prior to the event.<\/p>\n

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REALTOR\u00ae Volunteer Days Coming Soon! <\/a><\/h3>\n

Giving back is part of who REALTORS\u00ae are and what you do. Join REALTORS\u00ae around the country for a nationwide volunteering effort June 3-11! Don\u2019t miss this opportunity to show the world your compassion and pride in our profession. The Volunteer Days page<\/a> has plenty of resources to help you plan out your volunteer activity.
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Download the 2023 Residential Sustainability Report<\/a><\/h3>\n

REALTORS\u00ae who can speak with authority about a home\u2019s sustainable features are at a major advantage in every market. Access the 2023 REALTORS\u00ae and Sustainability Report<\/a> to check out its findings and learn why sustainability is becoming ever more important in the home-buying process.<\/p>\n

LEARN MORE<\/a>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"Last week, nearly 9,000 REALTORS\u00ae descended on Washington, D.C. for the 2023 REALTORS\u00ae Legislative Meetings. We spent six days discussing the most pressing issues affecting the real estate industry and met with members of Congress and their staff at the inaugural REALTOR\u00ae National Block Party, which 95% of Capitol Hill offices registered to attend! Nationals Park became a sea of blue that demonstrated the unmatched impact REALTORS\u00ae have in their communities.","protected":false},"author":3,"featured_media":3693,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[281,20,812,68,813],"tags":[],"class_list":["post-15095","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","category-news","category-newsletters","category-realtor-party-news","category-realtor-party-news-newsletters"],"acf":[],"_links":{"self":[{"href":"https:\/\/realtorparty.realtor\/wp-json\/wp\/v2\/posts\/15095","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/realtorparty.realtor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/realtorparty.realtor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/realtorparty.realtor\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/realtorparty.realtor\/wp-json\/wp\/v2\/comments?post=15095"}],"version-history":[{"count":0,"href":"https:\/\/realtorparty.realtor\/wp-json\/wp\/v2\/posts\/15095\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/realtorparty.realtor\/wp-json\/wp\/v2\/media\/3693"}],"wp:attachment":[{"href":"https:\/\/realtorparty.realtor\/wp-json\/wp\/v2\/media?parent=15095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/realtorparty.realtor\/wp-json\/wp\/v2\/categories?post=15095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/realtorparty.realtor\/wp-json\/wp\/v2\/tags?post=15095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}