The Power is Now

Congressional Black Caucus Issues Letter to Corporate America on DEI and Racial Equity Commitments

Today, Congressional Black Caucus Chairman Steven Horsford (NV-04) and members of the Congressional Black Caucus issued an open letter to many major corporations and their associations who made pledges to diversity, equity, and inclusion (DEI) and racial equity following the murder of George Floyd in 2020. Since the U.S. Supreme Court’s ruling in Students for Fair Admissions v. Harvardended affirmative […]

National Association of Realtors® Announces Partnership With SnoopDrive

WASHINGTON (December 14, 2023) – The National Association of Realtors® today announced SnoopDrive as a new partner with NAR REALTOR Benefits®. As part of the agreement, NAR members will receive significant discounts on automotive products, such as warranties and mishap coverage. A complimentary maintenance program is also available with the purchase of an auto warranty. “We […]

NAR Forecasts 4.71 Million Existing-Home Sales, Improved Outlook for Home Buyers in 2024

WASHINGTON (December 13, 2023) – NAR Chief Economist Lawrence Yun forecasts that 4.71 million existing homes will be sold, the housing market is expected to grow, and Austin, Texas will be the top real estate market to watch in 2024 and beyond. Yun unveiled the association’s forecast yesterday during NAR’s fifth annual year-end Real Estate Forecast […]

NAR Welcomes Freddie Mac’s Expansion of Condo Project Advisor Tool

WASHINGTON (December 8, 2023) – National Association of Realtors® President Tracy Kasper issued the following statement after Freddie Mac announced(link is external) an important expansion of its Condo Project Advisor tool: “On behalf of the 1.5 million members of NAR, we thank Freddie Mac for expanding this tool. Our association has advocated for these changes and previously […]

Second Century Ventures Opens Applications for 2024 REACH U.S. Program

CHICAGO (December 6, 2023) – Second Century Ventures, the strategic investment arm of the National Association of Realtors®, opened applications today for the 2024 U.S. REACH technology growth program. SCV, the most active global venture fund in real estate technology, operates the award-winning REACH program across North and South America, Europe, Australia and Asia-Pacific. The […]

Amidst Housing Slowdown, Exurban Areas Post Largest Construction Gains

For the third consecutive quarter, single-family growth rates were negative for all geographic sectors of the nation, as exurban areas posted the largest increase in market share for both single-family and multifamily construction, according to the latest findings from the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) for the third quarter […]

National Association of REALTORS® Announces New Chief Marketing and Communications Officer

WASHINGTON (December 5, 2023) – Suzanne Bouhia has been appointed Chief Marketing and Communications Officer of the National Association of REALTORS® (NAR) effective December 11. She will be leading the Marketing and Communications Group to set the vision, strategy, and long-term management approach for communications, branding, and marketing at the association. In this role, Bouhia joins NAR’s […]

Pending Home Sales Fell 1.5% in October

WASHINGTON (November 30, 2023) – Pending home sales dropped 1.5% in October, according to the National Association of REALTORS®. The Northeast posted a monthly gain in transactions while the Midwest, South and West all recorded losses. All four U.S. regions noted year-over-year declines in transactions. The Pending Home Sales Index (PHSI)* – a forward-looking indicator of […]

Congressional Black Caucus Issues Statement on Extended Israel-Hamas Truce

Today, Congressional Black Caucus Chairman Steven Horsford (NV-04) and members of the Congressional Black Caucus issued the following statement regarding the extended Israel-Hamas truce: “The safety and security of innocent civilians, and de-escalation throughout the Middle East region have been the Congressional Black Caucus’ top priorities since the attack on October 7. We applaud President Biden and the Administration’s […]

New Home Sales Weaken in October

Elevated mortgage rates that averaged 7.62% in October per Freddie Mac, the highest rate since 2000, depressed buyer demand and pushed down new home sales in October. Sales of newly built, single-family homes in October fell 5.6% to a 679,000 seasonally adjusted annual rate, following a notable downward revision in September, according to newly released […]

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