Kenny Parcell said the fees were unnecessary and confusing, and potential homebuyers face a lack of affordability and supply in the current market in pursuit of the American Dream.
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The Pitch Battle competition is an opportunity for real estate technology startups to showcase their company and technologies to industry-leading investors, real estate practitioners and fellow technologists.
"We applaud the FHFA for listening to the industry’s concerns by choosing to drop this fee on borrowers with higher debt-to-income ratios," said 2023 NAR President Kenny Parcell.
Speakers at the Emerging Business Issues and Technology Forum provided insight into technologies that help agents maximize their presence on social media, streamline marketing, and attract and retain clients.
Discussion at the Residential Economic Issues & Trends Forum centered on recent developments in the U.S. economy and their impact on the housing market, the challenges that homebuilders continue to face and possible changes in the building sector, and current market conditions and challenges.
Lawrence Yun emphasized challenges facing the commercial real estate market brought on by tightening lending policies among many small and regional banks, which have been a key source of commercial loans.
The top 10 metro areas with the largest year-over-year price increases all recorded gains of at least 11.7%, with three of those markets in Wisconsin and two in North Carolina.
The high-profile session, keynoted by FHA Commissioner Julia Gordon, focused on regulatory policy concerns important to the real estate industry.
At the 2023 REALTORS® Legislative Meetings, NAR Chief Advocacy Officer Shannon McGahn outlined NAR's advocacy team's four goals for the year.
At the Federal Legislative and Political Forum at the 2023 REALTORS® Legislative Meetings, two of the nation's top economists shared their views on the debt, current economy, and the complex role of banking and institutional investors in the housing market.