REALTOR Party News – January 2021

Reflections on Wednesday, January 6

I know I speak for so many of my colleagues when I say that watching the scene unfold at the U.S. Capitol on Wednesday, January 6, left me disheartened, discouraged, and in disbelief.
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$25
Billion

The amount of rental assistance funding included in COVID-19 relief legislation approved by Congress in December. As many renters across the nation continue to struggle to make rent payments, many housing providers have fought to meet their own financial obligations. NAR’s relentless efforts helped secure rental assistance in the latest federal relief bill, protecting renters, housing providers, and America’s economic stability.
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12
Million

The projected increase in the number of American households between 2018 and 2028, driven by millennials and members of Generation X. The largest cohort of millennial buyers have yet to surface on the market, researchers note, but CoreLogic reports nearly 15 million Americans are rapidly approaching the average age of the first-time home buyer: 33.
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127.5

The Pending Home Sales Index measured in NAR’s most recent PHS report, the highest November figure ever recorded. The index is a forward-looking indicator of home sales based on recent contract signings. In the same report, NAR Chief Economist Lawrence Yun predicted that existing and new home sales would increase roughly 10% and 20%, respectively, in 2021.
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4
Million

The number of new jobs Yun expects could be added in America this year, representing a gradual rebound from the net loss of roughly 7 million in 2020, and dropping unemployment to around 5.5%. Although consensus among economists is that home prices will continue to climb in 2021, Yun expects first-time home buyers could get a slight reprieve as growth begins to moderate over the coming months.
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$3.7
Trillion

The final estimated mortgage origination volume in 2020, according to analysts. This would top the previous record set in 2003, which Inside Mortgage Finance CEO Guy Cecala told the Wall Street Journal is something “nobody thought would ever be achieved again.”
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Houston Association of REALTORS® Tackles Issues of Diversity and Inclusion

In a year fraught with racial tension across the United States, the Houston Association of REALTORS® has made addressing issues of equality and Fair Housing a top priority. A hard-working task force convened by HAR Chairman John Nugent is making sure that the association’s 42,000 members have meaningful opportunities for learning, discussion, and collaboration to help them serve their communities responsibly and proactively.
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Columbus REALTORS® Launches Book Club as a Safe Space for Tough Conversations

The events of the past 12 months have put us all in a space where we’ve been reassessing how we treat one another. Columbus REALTORS® has also been seeking solutions to determine how it can become a more open and inclusive association.
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Akron Cleveland Association Works to Help the Community and Commercial Practitioners

Dating back to the Great Recession, both Akron and Cleveland, Ohio, have struggled with “problem properties” – vacant, abandoned, and deteriorated residential and commercial properties. The Akron Cleveland Association of REALTORS® (ACAR) has participated in the NAR Transforming Neighborhoods program to offer place-based training to help community leaders revitalize impacted neighborhoods in Northeast Ohio.
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Commercial Real Estate Local Market Reports Are Now Available

NAR’s Commercial Metro Market Report provides economic and commercial statistics on 52 metropolitan areas in which significant commercial transactions take place. The reports include economic, demographic, and commercial market data that provide REALTORS® with information on the factors driving commercial real estate transactions in the 52 markets.
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Nearly Nine Million Americans Have Moved Since the Pandemic Began.

NAR’s research team recently published new findings about the migratory trends of Americans in 2020, with data on incoming and outgoing residents broken down by state. NAR tracked change-of-address data from the U.S. Postal Service from March to October to determine mobility changes since the pandemic began, showing a total of 8.93 million people who have relocated over that time.
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Engage Your Community. Build Coalitions. Advocate for Housing Affordability.

With home prices expected to continue rising in 2021 and 2022, NAR’s Housing Affordability Toolkit continues to provide valuable resources to help REALTORS® and state and local REALTOR® Associations address affordability challenges in the communities they serve. The toolkit is based on the successes of other associations and offers practical tips and examples for a range of activities, including housing fairs, buyer education classes, housing forums and more.
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On Common Ground: Recovering, Rebuilding, Rebalancing

The Fall 2020 edition of On Common Ground explores the ways in which our society is responding to the death of George Floyd and the COVID-19 pandemic. These two seismic shifts demanded everyone’s attention, everyone’s thoughts, and everyone’s participation.
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The Search is Over! Be Found with a Top-level Domain

Set yourself apart and set your business up for exponential growth with a .realtor™ or .realestate domain that separates you from the pack and clearly positions your brand as a cut above the competition. Claim your name and up your game today at get.realtor!
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Interactive REALTOR^® Party Resource Guide

Get the latest updates and information on advocacy grants, programs, resources, and educational opportunities with the Interactive REALTOR^® Party Resource Guide. A new design, dynamic search functions, and integrated Realtor Party Tracker data offer a complete view of the REALTOR^® Party at work in communities nationwide. Bookmark this invaluable online resource today.
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