In This Issue
- Final Tally for RPAC’s 2024 Election Cycle.
- Advocacy Scoop Podcast Reveals NAR’s Biggest Wins of 2024.
- Flood Insurance at a Crossroads: NFIP Reforms, Risks and Real Estate Impacts.
- Looking Back at 2024: NAR Advocacy By-The-Numbers.
- Community Outreach Grants and Transforming Neighborhoods Programs Are Open for Associations to Apply.
- New Placemaking Video Highlighting REALTOR® Leadership in Livable Communities.
NAR’s Director of RPAC Fundraising and RPAC Events, Michael Clark, speaking at the Tennessee Association of REALTORS® Leadership & Advocacy Conference.
What You Need to Know
452 RPAC-supported federal candidates advanced from their primaries to the general election. We won a total of 438 of those races – bringing our success rate for this year’s election to 97%.
And we took 153 Opportunity Races live this election cycle, with nearly 50/50 support for Democrats and Republicans. We won 137 of those races – bringing our success rate for our Opportunity Race Program to an 89.5% success rate.
On the state and local level, our State and Local Independent Expenditures Program supported more than 400 REALTOR® Party champions this year. As of last month, every state and D.C. has now participated in the program over its lifetime.
NAR has updated its 2023-2024 Political Advocacy talking points with the final results.
Advocacy Scoop Podcast Reveals NAR’s Biggest Wins of 2024
In the last episode of Advocacy Scoop this season, Shannon and Patrick recap the extensive, yet captivating, list of Advocacy Wins for 2024. The fight for affordability, availability, and accessibility comes in many forms, and they detail the top wins in each of the five advocacy areas: legislative, policy, judicial, state and local, and political.
Flood Insurance at a Crossroads: NFIP Reforms, Risks and Real Estate Impacts
CLICK TO WATCH: NAR sits down with FEMA
Flood risk is real, and the stakes are high. With over 10 million high-risk homes uninsured, now is the time for action. Dive into NAR’s conversation with FEMA’s Jeff Jackson to uncover strategies for long-term solutions to the National Flood Insurance Program (NFIP). Learn how we can work together to protect communities and advocate for impactful reforms. Watch the full interview.
This message comes as Congress faces a December 20 deadline to fund the government. Failure to do so would result in a partial federal government shutdown, including authorization to issue new policies through the NFIP.
Since 2017, NFIP’s authority has been extended 30 times and allowed to briefly lapse on several occasions. An extended lapse of the NFIP will leave millions of Americans at risk and disrupt the purchase of flood insurance in more than 20,000 communities across the United States. Not only would Americans be unable to purchase new NFIP policies during an authorization lapse, but also property owners and renters currently insured by the NFIP would be unable to renew their policies.
NAR’s advocacy team has worked for years to ensure continuity for NFIP, including invoking a nationwide legislative call-for-action last year answered by tens of thousands of NAR members.
Looking Back at 2024: NAR Advocacy By-The-Numbers
- 5,000 Congressional meetings with NAR’s Advocacy team and Federal Political Coordinators held in 2024.
- 20 meetings with the White House and federal agencies about proposed regulations and other administration actions.
- 614 Community Outreach Grants and advocacy assistance applications awarded, totaling over $4 million.
- Associations across 49 states and 1 territory received support for a variety of community development and fair housing advocacy, education, and engagement initiatives —marking a 54% increase in applications and a 36% increase in funding year-over-year.
- 109 Advocacy Everywhere Call for Actions to mobilize REALTORS® and consumers on public policy issues.
- 438 RPAC-supported candidates were successful in the 2024 election — a 97% win rate.
- 50/50 breakdown of Republican and Democrat candidates
- 85 NAR Issues Mobilization Grants totaling $14.6 million awarded to state and local REALTOR® associations.
- $13.9 million spent on local and state Independent Expenditure campaigns.
RPAC Update
As of November 30, RPAC fundraising reached 90% of its national goal, with $45 million raised at all three levels of the association and 118% of its federal disbursements allocation goal with $11.8 million raised at the national level. RPAC has 10,513 Major Investors and a 33% participation rate.
The REALTOR® Party At Work
REALTOR® Party Resource Spotlight
- Two applications are open for associations to apply:
- New Placemaking Video Unveiled Highlighting REALTOR® Leadership in Livable Communities.
- EPA Smart Growth Network Quarterly Discussion: Strategies to Boost the Supply and Improve the Quality of Affordable, Resilient Housing.
- The Fall 2024 issue of On Common Ground: Communities for All Ages was released exploring housing supply, affordability, and multigenerational living trends.
REALTOR® Party Playlist
NAR’s Chief Advocacy Officer, Shannon McGahn, joins Kansas City Real Talk Real Estate Podcast and gives an update on how RPAC supported candidates did last month in the general election and national issues of importance for the real estate industry.
Link Library
- Where the Fight to Protect Property Rights Goes in 2025
- FlyIn.realtor: Advocacy talking points and priorities
- RealtorParty.realtor: REALTOR® Party grants and resources
- NAR.realtor/AdvocacyMission: How NAR is making housing more affordable, available, and accessible
- NAR.realtor/AdvocacyWins: One-stop shop for advocacy successes
- Washington Report: Policy updates
- Facts.realtor: Settlement information and resources
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