2020 is the year for REALTOR® action! So last week, we held our second Policy Forum, hosting more than 300 registered attendees. Focused on one our top strategic priorities – housing affordability – this event was one step in our efforts to collaborate with multicultural real estate groups, lenders, builders, economists, and law and policy makers, among others, to amplify our advocacy voice and discuss ways to positively impact and broaden housing opportunities.
By the Numbers
Percent of home purchases in all major metro markets that resulted in a positive housing equity gain for owners who held the property for 7 to 10 years, according to NAR’s Single-Family Home Price Gains by Years of Tenure report. This latest study analyzes whether homeowners are more likely to experience a home price gain or loss during the period when they hold a home.
Date of NAR’s 2020 Policy Forum, where more than 300 registered attendees heard expert perspectives while exploring barriers to affordable housing. NAR’s latest whitepaper, Why Homeownership Should Continue to Be Incentivized by Our Federal Tax System, was released during the event and reiterated the case for homeownership, calling on Congress to restore homeownership incentives in the U.S. tax code.
Percent of black homeownership despite 50 years of federal efforts according to the latest figures from the U.S. Census Bureau. This figure is significantly exceeded by a white homeownership rate of 73.7%. Meetings between NAR, the National Association of Real Estate Brokers (NAREB), and the Urban Institute last year resulted in a five-point framework that can be applied across all minority communities.
The REALTOR® Party At Work
Highlighted here are a few of the many REALTOR® Party success stories across the nation. These and others are cataloged in the Success Stories section on REALTORParty.realtor.
The Central Oregon Association of REALTORS® supports of the city of Bend’s Community Climate Action Plan, but it had to draw the line at a mandatory measure that was certain to increase rising home costs even more. A robust response to a timely Call for Action helped convince the City Council to remove the word ‘required’ from the plan.
Barrington, R.I, a lovely coastal suburb of the state capital, full of higher-end homes and strong public schools, seems to have everything going for it. However, when property tax reassessments based on sale price suddenly superseded the customary three-year assessment schedule, local REALTORS® voiced strong opposition.
In Washington state, funding for fire safety is an unquestioned necessity. At the same time, there’s a statewide housing affordability crisis. Priorities collided when the City Council of Moses Creek proposed Fire Impact fees for all new development projects, adding a significant cost burden to much-needed new housing. With funding and guidance from the REALTOR® Party, REALTORS® helped voice local opposition.
Resources & Opportunities
Whether you are interested in running for public office or just curious about the process the new the Online Candidate Training Academy is for you. This free interactive five-hour course includes quizzes, exercises, and videos from REALTORS® who have run for and been elected to local office, and it’s divided into modules that can be completed at your own pace.
NAR remains committed to fighting for fair housing and equal opportunity for all with the new Fair Housing Action Plan. Take a look back at 2019’s achievements, and learn about Volunteering Works, a year-long mentorship program for REALTORS® who are expanding their community service programs.
Smart Growth is an inherently resilient style of development. This edition of On Common Ground explores how decision makers, developers, and homeowners are taking action to preserve the viability of their property and structures into the future. Read about action at the local level, to build resilient, efficient homes, and resilient economies. Also ,learn how open space absorbs the impacts of extreme weather.