REALTOR Party News – February 2021

NAR Focuses on Fair Housing During Black History Month

As NAR recognizes Black History Month, we honor the legacy of great Black leaders by carrying on their fight to eliminate housing discrimination, expand homeownership, and reduce wealth inequality.
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$69,000

In equity was gained by the average American homeowner in 2020. Seller profits also increased in more than 90% of U.S. housing markets tracked last year, marking the highest equity gains for owners of single-family homes and condos since 2006.
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11

Real estate industry groups joined NAR in a coalition working to maximize the distribution of $25 billion in rental assistance funding. These organizations have called for electronic and paper application options and requested additional clarity from the Treasury Department.
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14

Years ago was the last time NAR’s annual existing home sales were as high as they were in 2020, and NAR Chief Economist Lawrence Yun predicts the momentum will last through 2021. While inventory levels remain at record lows, home prices continue to post double-digit yearly gains.
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16
Million

Additional minority households are expected over the next two decades, according to the Urban Institute. Between 2020 and 2040, researchers project about 16.1 million net new minority households will be created, including 8.6 million new Hispanic households and 3.3 million additional Black households.
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Burbank Association of REALTORS® Defeats Threat of Extreme Rent Control, with Help From the REALTOR® Party

Well over 50% of Burbank, CA’s population lives in rental housing, so a rent control measure on the Nov. 3, 2020, ballot seeking severe restrictions on allowable annual rent increases had huge implications on the region’s housing industry. The Burbank Association of REALTORS® responded by gathering a strong coalition to oppose the measure, and with help from the REALTOR® Party, conducted a powerful campaign to protect the rights of property owners.
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Santa Barbara Association of REALTORS® Calls Members to Speak Out Against Unfair Tactics by City Council

The Santa Barbara Association of REALTORS® was last fall moved to challenge its city council over a proposed tenant relocation ordinance. With the help of the REALTOR® Party’s Advocacy Everywhere program, the association convinced its local governing body to agree to a flat fee structure while changing payment requirements from a per-tenant to a per-unit basis.
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Bridge Association of REALTORS® Keeps Transfer Tax from Soaring with Compelling Campaign

The Bridge Association of REALTORS®, in the small but affluent city of Piedmont, CA, fought against a bid by the city to increase real property transfer taxes to higher than anywhere else in the state. With help from the REALTOR® Party, the association waged a public campaign and was successful in convincing residents to reject the measure on last November’s ballot.
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Understand five key impacts COVID-19 had on the U.S. housing market in 2020

NAR conducts its REALTORS® Confidence Index Survey each month to gather on-the-ground information from REALTORS®. This feedback from REALTORS® provides valuable information at the local level that is then aggregated to create a broad picture of housing market trends. The group recently highlighted five key trends which show how the pandemic impacted America’s housing market last year.
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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. Data released in December of 2020 was compiled from publicly available statistics and proprietary data. The reports include economic, demographic, and commercial market data that provide REALTORS® with information on the factors driving commercial real estate transactions in these 52 markets.
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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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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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