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The Voice for Actual Property: August 5, 2019

The REALTOR® profile will quickly be raised alongside the Chicago skyline.

A brand new NAR report reveals a giant lower in overseas purchases in the US.

And a enjoyable summer season fundraising problem begins with a splash.

All this and extra – on The Voice for Actual Property.

The Voice for Actual Property is sponsored by NAR’s REALTOR Advantages® Program. Your official member advantages program. Bringing you financial savings and distinctive affords on services and products, only for REALTORS®.

Be taught extra at

Hello, I am Stephen Gasque, with the Nationwide Affiliation of REALTORS®.


It’s one of the seen “REALTOR® Rs” in America, and shortly thousands and thousands of individuals will see it in a model new means. 

The REALTOR® constructing on Chicago’s Magnificent Mile, will quickly show a model new, and really huge REALTOR® R!

A part of NAR’s 10-year Grasp Imaginative and prescient Plan for its Chicago headquarters. 

Section 1 of the undertaking is nearing completion, and amongst these celebrating is Connecticut REALTOR® Linda St. Peter, chair of NAR’s Actual Property Operations Committee.


You realize, now we have the chance as a model to essentially be face ahead by way of greening our personal house and taking a look at issues from sustainable supplies, power efficiencies, all of these issues

On July 30, St. Peter joined NAR Treasurer John Flor, Chicago Alderman Brendan Reilly and others for a rooftop ribbon chopping.


Total as an funding, it’s a extremely constructive factor for our membership. Plus it updates, renovates and provides us a proud new residence right here on North Michigan Avenue for all of our members to be happy with. 

Chicago’s Magnificent Mile will get greater than 50 million guests yearly. And shortly once they lookup? They’ll see – that model new REALTOR® R!


June residence gross sales are within the information. The Nationwide Affiliation of REALTORS® reviews that existing-home gross sales skilled a modest drop of 1.7% month over month and a couple of.2% 12 months over 12 months. 

Subsequent pending residence gross sales, which characterize contracts which were signed however which haven’t but gone to closing. And higher information right here – as Pending Dwelling Gross sales rose 2.8%, in June, in comparison with Might. 

However maybe the largest growth in residence gross sales. Fewer overseas patrons are buying houses in the US. 

That’s in accordance with a brand new report from NAR Analysis, which discovered a 36% decline in overseas purchases of U.S. residential actual property over the previous 12 months.

We requested NAR Chief Economist Lawrence Yun what’s behind the numbers and whether or not there’s a connection between the slowdown in overseas patrons and up to date declines in current residence gross sales.


Provided that the worldwide patrons in the reduction of by greater than 30%, and final 12 months we noticed the house gross sales additionally decline – if the worldwide shopping for exercise had been regular, and perhaps only a small achieve, we’d have seen total achieve in nationwide residence gross sales.

Though the quantity of overseas funding was down, the highest markets for overseas buyers didn’t change with Florida and California on the high of the listing.

You’ll be able to see highlights and obtain the report at


Everybody remembers the ice-bucket problem, which raised greater than $100 million for ALS analysis. Possibly you have been a type of who acquired soaked with ice water for a great trigger!

Properly, younger actual property professionals in Citrus Valley, California, have now put their very own twist on it, creating the Summer season Cool Down Splash Problem to lift funds for the REALTORS® Reduction Basis. 

We’re tremendous excited right now trigger we’re going to be launching our Summer season Cool Down Splash Problem to lift cash for REALTOR® Reduction Fund. And what that’s is:

REALTOR® Reduction Fund helps REALTORS® nation-wide. 100% proceeds will go on to that.

These members of the Citrus Valley Affiliation’s Younger Professionals Community have been moved by the work of the inspiration, which supplies housing help to catastrophe victims, together with these left homeless by wildfires in California.

This 12 months alone, the inspiration has pledged greater than $1.5 million in help for residents in seven states affected by tornadoes and flooding.


Right here in Dayton we simply skilled a bunch of Tornados that hit the Miami Valley area and different components of Ohio, and it’s been completely devastating. We’ve misplaced hundreds of houses and individuals are struggling – however fortunately the REALTOR® basis simply awarded over $300,000 to Ohio REALTORS® to disperse to assist these households out. So, I’m a giant fan of this basis.

Properly, now the problem has gone viral, with REALTORS® throughout the nation donating a minimal of $20 to the inspiration and nominating their associates to comply with.


You’ll be able to watch their movies – and put up your personal – utilizing the hashtag #ypn4rrf.

Then, make your donation at

And keep in mind, one-hundred p.c of all the cash you donate goes on to catastrophe victims.


And that’s our present for the week of August fifth! Yow will discover extra about every thing we mentioned right now at

And, a glance forward. Our subsequent present will take you inside NAR’s Innovation, Alternative, & Funding Summit, which might be held Aug. 21-22 in Seattle. And there’s nonetheless time to register!

Till then, thanks for becoming a member of us, and we hope to see you once more quickly, as we deliver you the most recent information on The Voice for Actual Property.

Delivered to you by the Nationwide Affiliation of REALTORS® – your advocate for housing and property rights in Washington, throughout America, and in your neighborhood. 

That is the voice for Actual Property.

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