News

This year is shaping up to be the best in a decade for home sales (yay!), but that doesn’t mean that buying a home is easy (uh-oh). Houses are flying off the market at the fastest rate since the housing bust in 2007, so we know that buyers must be working hard to find that perfect home and get it under contract. Harder than ever, perhaps.

Insights from our daily surveys of visitors to realtor.com tell us that their biggest challenge is the low inventory of available homes, which is holding us back from seeing even more sales.

In June, the No.1 obstacle to making a purchase, as reported by 40% of buyers on realtor.com, was simply finding a home that met their needs. This was also the top problem last June, but then only 37% of buyers reported the issue.

And it’s no wonder that more people are reporting that just finding a home is a problem. We have about 13% more people looking to buy this summer, yet there are 5% fewer homes for sale. No matter how you do the math, it adds up to a shortage for buyers.

So it’s not surprising that this low level of inventory—along with the rapid-fire speed at which homes are selling and the high level of price appreciation—has led to the general perception that we’re in a seller’s market. Fair enough. But that doesn’t mean it’s all smooth sailing for sellers either.

In fact, sellers report that their biggest issue is time: In June, 40% of sellers said they had just started thinking of selling.

That percentage has been growing each month this spring, so at least we can be encouraged by more owners thinking of selling their homes as prices recover and mortgage rates remain temptingly low.

Veterans, service members, and their families believe in homeownership. In fact, the homeownership rate among veterans far outpaces that of civilians.

But the financial toll of military service can make it tough for some veterans to get a financial foothold, let alone land a home loan.

The good news is those who serve have access to a host of home-buying benefits and protections, from what’s arguably the most powerful home loan on the market to financial safeguards and more.  See more here. 

Realtors of Henderson County gathered for their annual charity Golf tournament on April 25th at Crooked Creek Golf Club. Our proceeds check was presented to the Boys & Girls Club of Henderson County.
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ACTION ALERT
NAR Call for Action to launch Monday, June 13
Last Thursday, you should have received an email from the NAR Government Affairs Communications office informing you that a Call for Action (CFA) would be launched Monday, June 13.
It will be focused on encouraging the U.S. Senate to support and pass House Resolution 3700 "Housing Opportunity Through Modernization Act of 2016". This legislation would make four (4) changes to the Federal Housing Authority's Condominium Rules. They are:
Reduce owner-occupancy ratio to 35% unless HUD acts within 90 days of enactment of this law to otherwise lower the ratio.
Allow lenders to approve condos with commercial space over 25%.
Require HUD Secretary to “substantially reduce” burdens on condo recertification.
Require FHA to mirror the FHFA rules related to private transfer fees. NAR is now working with the Senate to move legislation there.
Check out the NAR Issue Summary here and a copy of the bill summary here. This legislation passed unanimously in the House of Representatives.
The Call for Action will go live around 3PM this afternoon and will remain open until at least the Congressional summer recess which begins July 18.
During this time, we will need your help to ensure that your members take action on this important issue and help NC REALTORS® achieve 20% participation to continue our progress towards the NAR President's Cup. Also, promotion of all NAR Calls for Action is a component of Core Standards for all associations.
NC REALTORS® will begin our outreach to members with social media posts starting this afternoon on our Facebook and Twitter pages. The first all member email will be sent out on Wednesday morning. CFA information will also be included in all NC REALTORS® communications going forward. Please share any of this content with your members to encourage their participation.
Targeted emails to specific member groups will likely begin next Thursday, following NC REALTORS® Legislative Meetings. If you would like for NC REALTORS® to send a targeted message to your membership who have not participated, please email Seth Palmer. He will coordinate the distribution schedule.
Please do not hesitate to contact any member of the NC REALTORS® Government Affairs Team if you have any questions.
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NC REALTORS® Government Affairs Department
421 Fayetteville Street, Suite 1109, Raleigh, NC 27601
(800) 443-9956 | This email address is being protected from spambots. You need JavaScript enabled to view it.

You think it’s easy being a modern dad? You want a brilliant career—and a loving, well-adjusted brood. You want some serious buddy or hobby time—and tons of family time, too. You still want to be a guy, but you always need to be a father. And more dads are even giving up careers to care for the kiddies.

Today, there are roughly 2 million stay-at-home dads in the U.S., which accounts for 7% of U.S. fathers, up from 4% in 1989, according to the Pew Research Center.

With Father’s Day fast approaching, we sent our data team to find the cities most conducive to pulling off a full Vito: true fatherhood balance. We searched for the places where daddy-child activities abound, manly hobbies are supported, tap beer runs cold, sports activities are plentiful, child care is readily available—and maybe a unique feature or two to make dads extra happy. Because, Father’s Day. Right?

To find out which cities offer the best quality of life for dads, we ranked the 500 largest cities based on the following criteria:

Number of dad support groups
Number of campgrounds
Number of major league sports teams
Number of gyms per capita to work on dad bods
Number of babysitters for every child under age 12 (because dads need nights out!)
Number of golf courses and fishing spots per capita—for outdoorsy dads
Number of breweries, pool halls, and sports bars per capita—for social dads
Number of hardware stores and science museums per capita—for nerdy dads

See the rest here.