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HomeVideo SeriesThe Voice for Real EstateThe Voice for Actual Property: July 8, 2019

The Voice for Actual Property: July 8, 2019


REALTORS® give again to individuals in want all throughout America. We’ll have the newest.

VA loans are within the information, as this system celebrates an enormous milestone, and can the VA mortgage quickly have larger mortgage limits?

And the nation celebrates House Possession! We’ll hear what it means to you, your purchasers and your neighborhood.

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 provides on services, only for Realtors. Be taught extra at nar.realtor/realtorbenefits

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

[SWOOSH]

REALTOR® Candice Payne made nationwide headlines when she paid for resort rooms for greater than 100 individuals in Chicago – through the 2018 polar vortex when temperatures hit 50 under zero. Now, she has been honored as a grant recipient in NAR’s Volunteering Works Program.

This system fosters good deeds. Candice and 4 different REALTORS® will obtain seed cash and a full yr of mentoring to assist them develop and develop their charitable actions.

The mentors, by the way in which, know all about the right way to multiply good deeds – as a result of they’re all previous winners of NAR’s Good Neighbor Awards, REALTORS® acknowledged for extraordinary neighborhood service.

Seed cash is supplied by NAR’s Good Neighbor Sponsor, Wells Fargo House Loans. You possibly can study extra about this system at nar.realtor/gna

[SWOOSH]

Will you be on the quilt of REALTOR® Journal? Could possibly be! As a result of main buyers in RPAC – the REALTORS® Political Motion Committee – will obtain a particular situation of REALTOR® Journal in July – and their title will probably be someplace on the quilt.

The duvet artwork exhibits the NAR’s Washington, D.C., workplace constructing, which sits two blocks from the U.S. Capitol. However if you happen to look intently, you’ll see the image is made up of the names of practically 10,000 REALTORS® who invested at the least $1,000 in RPAC in 2018.

These investments assist make sure that REALTORS® proceed to have a voice on crucial enterprise and housing points.

[QUOTE]
When RPAC began we had roughly 300 members contribute about 28,000 {dollars}. At this time that’s grown into 4 hundred thousand members giving 9 million on the federal stage and 36 million {dollars} in any respect ranges of the associations. So, we’re very proud that our members have stepped ahead and have invested of their business, and it’s been phenomenally profitable.

In the event you’re a serious investor, yow will discover your title on the picture by doing a reputation search on the REALTOR® Celebration web site. The unique drawing, which was created by Minneapolis artist Phil Hansen, stands 10 ft tall.

[SWOOSH}

May was a good month for existing home sales across America! The latest Existing-Home Sales report from NAR shows that sales jumped two and a half percent in May compared to April.

[QUOTE]
The financial system by many measures could be very robust, but house gross sales has been trending primarily sideway. On the second half of final yr we noticed some declines, the primary a part of this yr was so so, however prior to now few months we’re seeing some rebound in house gross sales because of decrease mortgage charges.

[SWOOSH}

In other news, the VA Home Loan program celebrates a big milestone, and could enjoy big improvements, as it helps the nation’s veterans and active duty service members get into homes of their own.

First – the improvements. Under new legislation called the ‘Blue Water Navy Vietnam Veterans Act,’ Congress has eliminated the loan limit on VA-guaranteed loans. That means a veteran who qualifies for a mortgage, regardless of the amount, may take advantage of the VA benefit.

[QUOTE]
In FY 2018 the VA gave out 600,000 VA house loans. In order that’s essential to veterans throughout the nation, and we’re hopeful that this new provision will enable much more veterans to benefit from that profit.

The VA profit was additionally the topic of a celebration this month.

NAR President John Smaby was in Washington, together with U.S. Division of Housing & City Growth Secretary Ben Carson and others, to rejoice the seventy fifth anniversary of this system, and the 24 millionth mortgage — to Military Sgt. 1st Class William Kopf.

That occasion was one of many highlights of Nationwide Homeownership Month. All through the month of June, REALTORS® celebrated Homeownership Month, with particular occasions, promotions, and homeownership success tales.

QUOTE
What house possession means to America is security, safety, monetary well-being. It’s the power to realize the American dream. It strengthens communities as a result of it’s confirmed that youngsters that develop up in properties which might be owned by their households are more healthy youngsters, they do higher at school, it builds monetary wealth as a result of it provides householders the power to develop their internet price. After which lastly it’s a boon for the financial system as a result of Actual Property and the housing business represents 20% of gross home product.

For extra info, take a look at homeownershipmatters.realtor/homeownershipmonth.

And that is our present for the week of July 8. You will discover extra about the whole lot we talked about as we speak at nar.realtor. Thanks for becoming a member of us, and we hope to see you once more quickly, as we carry you the newest information on The Voice for Actual Property.

Dropped at 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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