While rising interest rates are posing a risk to economic growth, NAR Chief Economist Lawrence Yun expects the commercial market to perform well despite the headwinds, especially in the short term.
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While housing supply appears to be on the upswing as builders increasingly construct new homes, Yun says inflation will persist and cause strain for would-be buyers.
With sustained price appreciation and higher mortgage rates, affordability worsened in the first quarter of 2022.
During a panel discussion, NAR’s leadership team discussed the top issues in real estate with three NAR policy experts.
Ms. Lance Bottoms and Mr. Smith shared their insight and expertise on fair housing issues, giving a behind-the-scenes take on the current political environment from their experiences in government.
The course helps real estate professionals interrupt stereotypical thinking so they can avoid fair housing pitfalls and provide equal professional service to every customer or client.
Winners recognized for making a difference in their businesses and communities as they help expand homeownership to buyers of all backgrounds.
Half of agents and brokers surveyed said they helped a client buy or sell a property with green features during the past 12 months, a notable jump compared to 32% in 2021.
Greene highlighted policy proposals NAR is pursuing to make homeownership accessible to more people and outlined supply solutions that can be activated immediately.
Second Century Ventures, the strategic venture arm of NAR and the most active global real estate technology fund, has appointed Peter Schravemade as managing partner of REACH Australia.