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Exclusive Realty, Inc.
2945 Westwood Blvd
Los Angeles, CA 90064
Phone: 310-441-0111
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Real Estate News

Latest Realty News from NAR

Realtors Release 2018 Member Safety Report

As a part of Realtor® Safety Month, the National Association of Realtors® released its 2018 Member Safety Report, which surveyed over 3,000 Realtors®, members of the National Association of Realtors®, about how safe they feel while on the job, their personal safety experiences and the safety procedures they follow.

The report found that nearly a third of Realtors® experienced a situation that made them fear for their personal safety or the safety of their personal information, and that 43 percent of Realtors® choose to carry self-defense weapons.

“Realtors® understand better than anyone the safety risks associated with real estate transactions. Because of that,it is imperative for members to share safety protocols with home buyers so they can learn about what they may encounter during the home buying process,” said NAR CEO Bob Goldberg.

The most common circumstances that resulted in fearful situations were open houses, showing vacant and model homes, working with properties that were unlocked or unsecured and showing homes in remote areas.

Click here to read the full report.

National Museum of American History Opens “Within These Walls” Exhibit with Help from NAR

Theatrical Projection enhanced by technology to bring genuine American story to life

Today, the National Museum of American History’s opens its exhibition, “Within These Walls.” This exhibit will tell the story of over 200 years of American history through a partially reconstructed Georgian-style, two-and-a-half-story timber-framed house that stood from Colonial days through the mid-1960s in coastal Massachusetts

The National Association of Realtors® has sponsored this exhibit at the National Museum of American history since 2001, most recently helping to support a comprehensive update of its theater facilities. NAR will now serve as the sole sponsor of the “Within These Walls” exhibition through 2030.

At the institution designed to explore the infinite richness and complexity of American history, this Smithsonian’s latest exhibit will bring the stories of families across different American generations in five separate rooms across the home.

A walk through the exhibit puts three centuries of American life on display, from 1765 in Colonial Massachusetts to the mid twentieth century. A period that spanned the inception of a nation, it’s civil war, two world wars, and various milestone cultural and economic advancements.

This project was brought to life by a collaboration between museum staff, interactive and digital media designers Bluecadet, fabricators Capitol Museum Services and exhibit designers Howard+Revis.

Temporarily accompanying this exhibit is a display recognizing the 50th anniversary of the Fair Housing Act, which is available to view through Dec. 15, 2019.

The exhibit, located on Constitution Avenue in Northwest Washington D.C., is open daily from 10 a.m. to 5:30 p.m, and is free to the public.

NAR and DocuSign Discuss the Future of Real Estate Tech Together

NAR CEO Bob Goldberg sat down with DocuSign Chief Product Officer Ron Hirson during NAR’s inaugural Innovation, Opportunity & Investment Summit in San Francisco. To an audience of more than 500 innovators, investors and Realtors®, the discussion focused on DocuSign’s journey from start-up to IPO, and how partnering with NAR helped shape their product and organizational success.

“As we gather for iOi in San Francisco, it is fitting to look back at the successes of DocuSign, one of the first strategic investments NAR made. DocuSign, along with 50 other companies NAR has invested in, is a part of NAR’s goal of ensuring the success of our members by providing resources and technologies that benefit Realtors®,” said NAR CEO Bob Goldberg.

Hirson shared his vision for the future and ways NAR helped jump-start the platform and effectively improve user experience. “Partnering with NAR is a huge reason why DocuSign has been as successful as we are today. This partnership has helped the company evolve and real estate has been a foundation for the platform. DocuSign is continually building on its history of serving real estate brokers, agents, buyers, and sellers by providing better, faster, more convenient and secure ways to close transactions,” said Hirson.

DocuSign is the official and exclusive e-signature provider to NAR’s 1.3 million members through its REALTOR Benefits® Program. DocuSign offers Realtors® specially priced e-signature and transaction management plans tailored to help accelerate the way they do business.

 

Realtors Commend FHFA Decision to Abandon Single Family Rental Program

The Federal Housing Finance Agency (FHFA) on Tuesday announced that Fannie Mae and Freddie Mac will conclude their single-family rental pilot programs. National Association of Realtors® President Elizabeth Mendenhall, a sixth-generation Realtor® from Columbia, Missouri and CEO of RE/MAX Boone Realty, issued the following statement commending the FHFA for its decision.

With inventory shortages facing housing markets across the country, the National Association of Realtors® has long advocated for the Federal Housing Finance Agency to end its expansion into the single-family rental market and return its focus to promoting a liquid and efficient housing market, as Congress intended. By financing the purchase of thousands of single-family homes for institutional investors to use as rentals, Fannie Mae and Freddie Mac compounded on inventory shortages and affordability concerns, which are holding back prospective homebuyers across the country.

NAR applauds today’s FHFA decision, and we look forward to continue working with Fannie Mae and Freddie Mac to help more Americans achieve homeownership going forward.

Existing-Home Sales Slip 0.7 Percent, Lowest Pace in Two Years

Existing-home sales decreased for the fourth straight month in July to their slowest pace in over two years, according to the National Association of Realtors®. The West was the only major region with an increase in sales last month.

Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, decreased 0.7 percent to a seasonally adjusted annual rate of 5.34 million in July from 5.38 million in June. With last month’s decline, sales are now 1.5 percent below a year ago and have fallen on an annual basis for five months.

Lawrence Yun, NAR chief economist, says the continuous solid gains in home prices have now steadily reduced demand. “Led by a notable decrease in closings in the Northeast, existing home sales trailed off again last month, sliding to their slowest pace since February 2016 at 5.21 million,” he said. “Too many would-be buyers are either being priced out, or are deciding to postpone their search until more homes in their price range come onto the market.”

 

Realtors® Applaud HUD Decision to Target Online Housing Discrimination

WASHINGTON (August 20, 2018) – On Friday, the U.S. Department of Housing and Urban Development filed a housing discrimination complaint against Facebook, alleging the site’s targeting tools allow advertisers to intentionally exclude specific demographics from viewing or receiving certain housing-related ads. HUD claims the social media site violated the Fair Housing Act by enabling advertisers to discriminate against prospective renters and buyers based on their race, color, religion, sex, familial status, national origin, or disability. National Association of Realtors® President Elizabeth Mendenhall, a sixth-generation Realtor® from Columbia, Missouri and CEO of RE/MAX Boone Realty, issued the following statement in support of HUD’s aggressive enforcement of the Fair Housing Act:

“In 2018, as America recognizes the 50th anniversary of the Fair Housing Act, the National Association of Realtors® strongly supports a housing market free from all types of discrimination. However, as various online tools and platforms continue to transform the real estate industry in the 21st Century, our understanding of how this law is enforced and applied must continue to evolve as well. Realtors® commend the Department of Housing and Urban Development and Secretary Ben Carson for taking decisive action to defend fair housing laws, and for working to ensure its intended consumer protections extend to wherever real estate is marketed.”

Story Idea: NAR Study Shows Decline in International Home Buyers

A new study from the National Association of REALTORS® found a decline in the number of foreign homebuyers in the U.S. as well as the total sales volume. Total international sales totaled $121 billion during April 2017 to March 2018, a 21 percent decline from the previous 12-month period. NAR Chief Economist Lawrence Yun blamed the decline on rising home prices and low inventory. “Sustained job creation and historically low interest rates also mean that foreign buyers are now competing with domestic residents for the same, limited supply of homes,” said Yun.

Story Springboard:

Check out NAR’s 2018 Profile of International Transactions in U.S. Residential Real Estate for more information about foreign homebuyer demographics and trends. Ask international homebuyers in your area about why they chose to purchase in the U.S. Speak with REALTORS® in your community about their work with foreign buyers and if they have seen a change in the frequency or demographic of clients.

NAR Introduces the Center for REALTOR® Financial Wellness

The National Association of Realtors® is proud to introduce the Center for REALTOR® Financial Wellness, a new resource designed exclusively to meet the specific financial planning needs of Realtors® – members of the National Association of Realtors®. This comprehensive program includes education materials and resources for wealth building, business planning and investing in real estate.

Nearly nine out of 10 Realtors® are independent contractors and can face complex situations when it comes to personal finances. Unique attributes such as fluctuating incomes, tax issues, and lack of salary cap require a different perspective.

“The Center for REALTOR® Financial Wellness has something to offer all NAR members no matter their level of professional expertise or stage of financial planning. Members can get started by taking an online assessment, which will generate a set of personalized financial planning goals based on where they are today,” said NAR CEO Bob Goldberg. “It’s a priority for me and the association to ensure our members have the financial tools and resources they need to succeed in business and in life.”

Realtors® can visit www.FinancialWellness.realtor to assess their current financial profile, receive personalized financial planning goals, practice financial planning decisions in a risk-free way, and explore a robust library of budgeting, retiring, and real estate investing resources.

NAR Leads the Dialogue on Sustainability, Develops Resource Guide

As the real estate sustainability movement continues to grow, the National Association of Realtors® is proud to introduce the Sustainability Resource Guide, a resource especially created for associations and members to positively impact business practices.  NAR research shows real estate consumers are requesting more information about the sustainability aspects of their real estate investment, and 40 percent of Realtors® reported that their MLS now includes green data fields. NAR created this resource to help guide growing consumer interest in sustainability by providing an evaluation of sustainability topics in any market, the parties involved and how sustainability is integrated into the build environment.

“The Sustainability Resource Guide tells NAR’s sustainability story and guides real estate associations and members through common topics, case studies, industry partnerships, policy overviews, and internal programs and research. Evolving industry standards are changing the conversation about sustainable home features, and NAR is taking the lead on real estate sustainability among real estate agents, brokers, trade associations and consumers. We envision this guide as a one-stop resource that curates significant principles, initiatives, organizations, policies, programs, research, and contacts at the intersection of sustainability and real estate,” said NAR President Elizabeth Mendenhall, a sixth-generation Realtor® from Columbia, Missouri and CEO of RE/MAX Boone Realty.

The guide is primarily focused on local associations to help field member questions about sustainability to provide an understanding of the broader conversation and the resources available in the sustainability area.  For more information, visit: https://www.nar.realtor/sustainability-resource-guide

Story Idea: Tips for Deep Cleaning a Home

Keeping a home spic and span can be a time and energy consuming process. However, there are many ways to get and keep a home immaculately clean without breaking a sweat. Cleaning soap scum out a tub can be a backbreaking task, but homeowners can cut the effort in half by attaching a scrubber to a power drill and using it to do the scrubbing for them. Cleaning mineral build-up on a showerhead doesn’t have to involve tedious scouring, just attach a bag of vinegar to the showerhead using a rubber band and soak it overnight – presto, good as new!

Story Springboard:

Check out HouseLogic’s spotlight “The Most Annoying Household Problems Solved!” for more tips and tricks on keeping a home clean during the summer. Speak with homeowners about the most significant cleanliness issues they face during the summer. Talk to a REALTOR® about advice he or she gives new homeowners about cleaning concerns they may not have considered as renters.

 



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