{"id":12705,"date":"2022-10-13T14:50:53","date_gmt":"2022-10-13T14:50:53","guid":{"rendered":"https:\/\/realtorparty.realtor\/?p=12705"},"modified":"2022-10-13T15:37:56","modified_gmt":"2022-10-13T15:37:56","slug":"1118-2-2-2-2-2-2-2-2-2-2-2-2-2-2-4-2-2-2-2-2-2-2-2-2-2-2-2-2-2-2-2-2-3-2-2-2-2-2-2-2-2-2","status":"publish","type":"post","link":"https:\/\/realtorparty.realtor\/news\/newsletters\/realtor-party-news\/1022","title":{"rendered":"REALTOR Party News – October 2022"},"content":{"rendered":"
[vc_row][vc_column][vc_row_inner content_placement=”top”][vc_column_inner width=”1\/6″][vc_column_text]\"summit1217.jpg\"<\/a>[\/vc_column_text][\/vc_column_inner][vc_column_inner width=”5\/6″][vc_column_text]\r\n

Housing Supply Solutions<\/a><\/h3>\r\nHousing supply is the number one issue for millions of consumers who are locked out of the market. NAR has been on the front lines for the past two years advocating for affordable housing \u2013 and spurring legislative and executive action. Read more<\/a> about President Leslie Rouda Smith\u2019s recent White House meeting to discuss solutions to the nation’s housing supply and affordability crisis.\r\nREAD MORE<\/a>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_custom_heading text=”What You Need to Know” use_theme_fonts=”yes”][vc_row_inner content_placement=”top”][vc_column_inner width=”1\/6″][vc_column_text]\r\n

16<\/a><\/h2>\r\n[\/vc_column_text][\/vc_column_inner][vc_column_inner width=”5\/6″][vc_column_text]According to a recent analysis by Dr. Jessica Lautz, NAR\u2019s vice president of demographics and behavioral insights, tight inventory means homes are still moving at a fast pace despite rising rates and prices. The median number of days on the market is just 16, up from 14 days in the previous two months. In comparison, homes took 96 days to sell in 2011.\r\nREAD MORE<\/a>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner content_placement=”top”][vc_column_inner width=”1\/6″][vc_column_text]\r\n

16<\/a><\/h2>\r\n[\/vc_column_text][\/vc_column_inner][vc_column_inner width=”5\/6″][vc_column_text]The rate for a 30-year fixed mortgage hit the highest point in 16 years at the end of September, according to the Mortgage Bankers Association. NAR sent a coalition letter to the National Economic Council urging a reduction in the Federal Housing Administration\u2019s annual mortgage insurance premium to help low- to moderate-income and first-time homebuyers remain competitive in the housing market.\r\nREAD MORE<\/a>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner content_placement=”top”][vc_column_inner width=”1\/6″][vc_column_text]\r\n

2x<\/a><\/h2>\r\n[\/vc_column_text][\/vc_column_inner][vc_column_inner width=”5\/6″][vc_column_text]The More Homes on the Market Act<\/em>, a bipartisan, NAR-endorsed bill recently introduced in the House of Representatives, would double the capital gains exclusion for sales of principal residences from $250,000 to $500,000 for single filers and from $500,000 to $1 million for married couples \u2013 and index these amounts for future inflation. While the bill is unlikely to move in 2022, it\u2019s a great first step to build on next year when a new Congress convenes.\r\nREAD MORE<\/a>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner content_placement=”top”][vc_column_inner width=”1\/6″][vc_column_text]\r\n

16<\/a><\/h2>\r\n[\/vc_column_text][\/vc_column_inner][vc_column_inner width=”5\/6″][vc_column_text]On September 30, the President signed a continuing government funding resolution that extended the National Flood Insurance Program (NFIP), among other measures, through December 16, 2022. The short-term resolution averted a government shutdown, funding federal agencies and extending several expiring programs.\r\nREAD MORE<\/a>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner content_placement=”top”][vc_column_inner width=”1\/6″][vc_column_text]\r\n

1.575<\/a><\/h2>\r\n[\/vc_column_text][\/vc_column_inner][vc_column_inner width=”5\/6″][vc_column_text]Spearheaded by President Leslie Rouda Smith, NAR announced a partnership last month with the National Forest Foundation to plant 1.575 million trees \u2013 at least one for each REALTOR\u00ae \u2013 across the United States by the end of 2025.\r\nREAD MORE<\/a>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_custom_heading text=”The REALTOR\u00ae Party At Work” use_theme_fonts=”yes”][vc_column_text]Highlighted here are a few of the many REALTOR\u00ae<\/sup> Party success stories across the nation. These and others are cataloged in the Success Stories section on REALTORParty.realtor<\/a>.[\/vc_column_text][vc_row_inner content_placement=”top”][vc_column_inner width=”1\/6″][vc_column_text]\"summit1217.jpg\"<\/a>[\/vc_column_text][\/vc_column_inner][vc_column_inner width=”5\/6″][vc_column_text]\r\n

Santa Barbara Association of REALTORS\u00ae Rallies Voters Against Expensive and Ineffective Rent Control Proposals<\/a><\/h3>\r\nUsing the REALTOR\u00ae Party\u2019s Advocacy Everywhere<\/a> program, the Santa Barbara Association of REALTORS\u00ae mounted a member- and consumer-facing Call For Action that generated a 23% response rate in opposition to unreasonable rent control measures being considered by the City Council. Message heard, the city backed away from the objectionable proposals and instead initiated a Housing Crisis Ad Hoc Committee to continue studying solutions to the area\u2019s housing challenges.\r\nREAD More<\/a>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner content_placement=”top”][vc_column_inner width=”1\/6″][vc_column_text]\"summit1217.jpg\"<\/a>[\/vc_column_text][\/vc_column_inner][vc_column_inner width=”5\/6″][vc_column_text]\r\n

Montana REALTORS\u00ae Deny Ballot Access to Damaging Property Tax Initiative<\/a><\/h3>\r\nA \u201cDecline to Sign\u201d campaign led by Montana REALTORS\u00ae convinced voters to keep a damaging constitutional amendment proposal off the ballot, aided by polling and an Issues Mobilization Grant<\/a> from the REALTOR\u00ae Party. While backers of the amendment sought to exploit public angst over residential property taxes, REALTORS\u00ae knew the measure would shift the tax burden to anyone buying property in Montana and disincentivize people from listing their homes for sale.\r\nREAD More<\/a>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner content_placement=”top”][vc_column_inner width=”1\/6″][vc_column_text]\r\n

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San Antonio Board of REALTORS\u00ae Brings About Dual Tax Relief for Homeowners <\/a><\/h3>\r\nNAR’s recent housing affordability study inspired the San Antonio Board of REALTORS\u00ae to commission a local study of its own, with help from an Issues Mobilization Grant<\/a> from the REALTOR\u00ae Party. The association then used the analysis of the area\u2019s homestead tax exemption policies to convince city and county legislators to maximize tax relief for over-burdened homeowners.\r\nREAD MORE<\/a>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner content_placement=”top”][vc_column_inner width=”1\/6″][vc_column_text]\r\n

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MIBOR REALTOR\u00ae Association Helps Transform Community Through Artwork<\/a><\/h3>\r\nWith the help of a REALTOR\u00ae Party Placemaking Grant<\/a>, the MIBOR REALTOR\u00ae Association and the Heart of Lebanon Main Street organization injected color throughout downtown Lebanon, Ind., with butterfly-themed artwork. The Catalyst for Change project celebrates what\u2019s on the horizon for the City of Lebanon while invoking a sense of pride in the local community.\r\nREAD MORE<\/a>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner content_placement=”top”][vc_column_inner width=”1\/6″][vc_column_text]\r\n

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Mark Twain Association of REALTORS\u00ae Completes Art-based Alley Activation to Honor City\u2019s History<\/a><\/h3>\r\nThe Mark Twain Association of REALTORS\u00ae used a Placemaking Grant<\/a> from the REALTOR\u00ae Party to help complete a railway-themed alley activation celebrating the history of Monroe City, Mo., and to jumpstart growth in the city\u2019s downtown area.\r\nREAD MORE<\/a>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_custom_heading text=”Resources & Opportunities” use_theme_fonts=”yes”][vc_row_inner content_placement=”top”][vc_column_inner width=”1\/6″][vc_column_text]\"summit1217.jpg\"<\/a>[\/vc_column_text][\/vc_column_inner][vc_column_inner width=”5\/6″][vc_column_text]\r\n

Get the Latest on Modern Growth Management Techniques <\/a><\/h3>\r\nSince 2008, NAR\u2019s Growth Management Fact Book<\/a> has provided REALTOR\u00ae associations a comprehensive look at modern growth management techniques. The latest version<\/a> includes updates on tree preservation, neighborhood conservation districts, scenic districts and conservation easements, vacant property regulations, rental restrictions, inclusionary zoning, housing linkage, and accessory dwelling units.\r\n\r\nQuestions? Contact <\/em>Hugh Morris<\/em><\/a>.<\/em>\r\nLEARN MORE<\/a>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner content_placement=”top”][vc_column_inner width=”1\/6″][vc_column_text]\"summit1217.jpg\"<\/a>[\/vc_column_text][\/vc_column_inner][vc_column_inner width=”5\/6″][vc_column_text]\r\n

Expert Advocacy Help When You Need It <\/a><\/h3>\r\nLegislative and regulatory proposals that may harm property rights often arise quickly and require expert analysis.\u00a0The Land Use Initiative<\/a> will analyze planning and zoning-related measures that impact the transfer of real property to help state and local associations advocate on behalf of members. Learn how the Scottsdale Area Association of REALTORS\u00ae used the LUI<\/a> to champion property rights and allow for future development.\r\n\r\nQuestions? Contact Christine Windle<\/a>.\r\nLEARN MORE<\/a>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner content_placement=”top”][vc_column_inner width=”1\/6″][vc_column_text]\"summit1217.jpg\"<\/a>[\/vc_column_text][\/vc_column_inner][vc_column_inner width=”5\/6″][vc_column_text]\r\n

Add Community Outreach to Your Association’s Government Affairs Committee Agenda<\/a><\/h3>\r\nWould you like the Community Outreach team to present virtually at one of your upcoming association meetings? Leadership and staff can learn ways to tackle community development and fair housing initiatives using a Housing Opportunity<\/a>, Smart Growth<\/a>, Placemaking<\/a>, Rural Outreach<\/a>, or Fair Housing<\/a> grant.\r\n\r\nReady to schedule? Contact <\/em>Christine Windle<\/em><\/a>.<\/em>\r\nLEARN MORE<\/a>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner content_placement=”top”][vc_column_inner width=”1\/6″][vc_column_text]\"summit1217.jpg\"<\/a>[\/vc_column_text][\/vc_column_inner][vc_column_inner width=”5\/6″][vc_column_text]\r\n

Advance Fairness and Integrity in Real Estate<\/a><\/h3>\r\nFair housing protects our livelihood as REALTORS\u00ae by ensuring that all qualified buyers in the market have access to the American Dream of homeownership. NAR\u2019s ACT! Fair Housing Plan provides innovative fair housing trainings and resources to help you prevent discrimination in real estate. Visit NAR.realtor\/fairhousing<\/a> to learn more about these resources.\r\nLEARN MORE<\/a>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row]<\/div>","protected":false},"excerpt":{"rendered":"Housing supply is the number one issue for millions of consumers who are locked out of the market. NAR has been on the front lines for the past two years advocating for affordable housing \u2013 and spurring legislative and executive action. Read more about President Leslie Rouda Smith\u2019s recent White House meeting to discuss solutions to the nation’s housing supply and affordability crisis. ","protected":false},"author":3,"featured_media":12710,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[281,20,812,68,813],"tags":[],"class_list":["post-12705","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","category-news","category-newsletters","category-realtor-party-news","category-realtor-party-news-newsletters"],"acf":[],"_links":{"self":[{"href":"https:\/\/realtorparty.realtor\/wp-json\/wp\/v2\/posts\/12705","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/realtorparty.realtor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/realtorparty.realtor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/realtorparty.realtor\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/realtorparty.realtor\/wp-json\/wp\/v2\/comments?post=12705"}],"version-history":[{"count":0,"href":"https:\/\/realtorparty.realtor\/wp-json\/wp\/v2\/posts\/12705\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/realtorparty.realtor\/wp-json\/wp\/v2\/media\/12710"}],"wp:attachment":[{"href":"https:\/\/realtorparty.realtor\/wp-json\/wp\/v2\/media?parent=12705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/realtorparty.realtor\/wp-json\/wp\/v2\/categories?post=12705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/realtorparty.realtor\/wp-json\/wp\/v2\/tags?post=12705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}