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.
News Releases
![Logo: 2023 iOi Summit Pitch Battle](https://cdn.nar.realtor/sites/default/files/styles/inline_image_auto_height__287_/public/2023-ioi-summit-pitch-battle-logo-05-12-2023-1200w-628h.png?itok=tSipHGOp)
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.
![Kenny Parcell](https://cdn.nar.realtor/sites/default/files/styles/inline_image_auto_height__287_/public/kp-1300-867-august-2023.jpg?itok=dxe4EAdE)
"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.
![Glenn Shimkus, President of Prisidio, speaking at the 2023 REALTORS® Legislative Meetings Glenn Shimkus, President of Prisidio, speaking at the 2023 REALTORS® Legislative Meetings](https://cdn.nar.realtor/sites/default/files/styles/inline_image_auto_height__287_/public/2023-rlm-emerging-business-issues-and-technology-forum-speaker-05-09-2023-1300w-867h.png?itok=B4_Zi6gr)
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.
![NAR Chief Economist Lawrence Yun speaking at the May 9 Residential Economic Issues & Trends Forum NAR Chief Economist Lawrence Yun speaking at the May 9 Residential Economic Issues & Trends Forum](https://cdn.nar.realtor/sites/default/files/styles/inline_image_auto_height__287_/public/2023-rlm-residential-economic-issues-and-trends-forum-lawrence-yun-05-09-2023-1300w-867h.png?itok=znX5Q428)
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.
![NAR Chief Economist Lawrence Yun and panel at the May 9, 2023 Commercial Economic Issues & Trends Forum NAR Chief Economist Lawrence Yun and panel at the May 9, 2023 Commercial Economic Issues & Trends Forum](https://cdn.nar.realtor/sites/default/files/styles/inline_image_auto_height__287_/public/2023-rlm-commercial-issues-and-trends-forum-lawrence-yun-and-panel-1300w-867h.png?itok=wExYdga8)
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.
May 9, 2023
Media Contact:
Wesley Shaw 202-383-1193![Descriptive](https://cdn.nar.realtor/sites/default/files/styles/inline_image_auto_height__287_/public/residential-neighborhood-low-aerial-shot-GettyImages-1335481928-1300w-867h.jpg?itok=E82w205U)
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.
May 9, 2023
Media Contact:
Troy Green 202-383-1042![Panel: Regulatory Issues Forum speakers at the 2023 REALTORS® Legislative Meetings Panel: Regulatory Issues Forum speakers at the 2023 REALTORS® Legislative Meetings](https://cdn.nar.realtor/sites/default/files/styles/inline_image_auto_height__287_/public/2023-rlm-regulatory-issues-forum-speakers-05-08-2023-1300w-867h.png?itok=Ug0d0Ryn)
The high-profile session, keynoted by FHA Commissioner Julia Gordon, focused on regulatory policy concerns important to the real estate industry.
May 9, 2023
Media Contact:
Tori Syrek ![Panel: The Advocacy Scoop at the 2023 REALTORS® Legislative Meetings Panel: The Advocacy Scoop at the 2023 REALTORS® Legislative Meetings](https://cdn.nar.realtor/sites/default/files/styles/inline_image_auto_height__287_/public/2023-rlm-advocacy-scoop-05-07-2023-1300w-867h.jpg?itok=v61qpdd-)
At the 2023 REALTORS® Legislative Meetings, NAR Chief Advocacy Officer Shannon McGahn outlined NAR's advocacy team's four goals for the year.
![Panel: Federal Political Legislative Forum at the 2023 REALTORS® Legislative Meetings Panel: Federal Political Legislative Forum at the 2023 REALTORS® Legislative Meetings](https://cdn.nar.realtor/sites/default/files/styles/inline_image_auto_height__287_/public/2023-rlm-federal-political-legislative-forum-05-07-2023-1300w-867h.png?itok=9Cy1BNay)
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.
May 7, 2023
Media Contact:
Tori Syrek