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The Latin American real estate industry represents nearly $1 trillion USD in opportunity, and proptech has rapidly become one of the most attractive sectors for venture capital investment.

NAR continues to stress that government must invest in boosting our nation’s housing supply if we are to make housing affordable in the long run.

NAR has long advocated for an updated rule to address an inequality with conventional borrowers, and this action will increase the flood insurance choices available to FHA borrowers.

Fewer homebuyers were able to qualify for a mortgage in October 2022 as mortgage rates climbed higher, with the impact greater in expensive areas of the country and in markets that witnessed significant home price gains in recent years.

NAR calls on the FHA to reduce the Mortgage Insurance Premium to help first-time and low- to moderate-income buyers as they face a high interest rate market.