NAR has worked to proactively educate state and local Realtor® associations, members and consumers on hurdles that could arise as the technology begins to penetrate the market.
With the House voting this evening to pass the 2018 Farm Bill, the definition of the Rural Housing Service will be extended through the 2030 Census. President Trump is expected to sign the legislation into law in the coming days. Without Congressional action, the RHS definition would have expired in 2020.
In a statement recognizing his nomination, NAR President John Smaby urged Calabria to focus on and pursue comprehensive, bipartisan housing finance reform should he received confirmation from the Senate.
Commercial real estate markets are on the rise, with Realtors® specializing in commercial real estate reporting both an increase in members’ gross income and sales volume.