WASHINGTON (June 11, 2024) – National Association of Realtors® President Kevin Sears issued the following statement in response to the Department of Veterans Affairs (VA) announcement of a “Buyer-Broker Agent Temporary Local Variance Circular”: “The VA’s home loan guaranty is the only program that explicitly bans buyers from directly paying for professional real estate representation. We applaud the VA for revising this policy and allowing veterans …
NEW ORLEANS (June 3, 2024)—In celebration of Homeownership Month and Pride this June, the New Orleans Metropolitan Association of REALTORS® (NOMAR) announced a lineup of educational seminars for real estate professionals and the public. Presented by the association’s Diversity, Equity, and Inclusion Committee in partnership with Hancock Whitney, the celebration of Homeownership Month aims to foster diverse communities and empower …
The Department of Veterans Affairs plans to temporarily lift its ban on buyers directly paying for professional real estate representation until the agency deems it necessary to engage in a formal rulemaking process, a VA official said Tuesday, May 21, 2024, at a Mortgage Bankers Association conference in New York. Although not an official announcement, the comments from VA Deputy …
NEW ORLEANS (May 9, 2024) – Home prices in New Orleans rose in the first quarter of 2024 as the 30-year fixed mortgage rate ranged from 6.60% to 6.94%, according to the National Association of Realtors®’ latest quarterly report. Compared to one year ago, the median single-family existing-home price in New Orleans climbed by 4.7% to $277,700. “After a soft …
HUD Increases Wind and Named Storm Insurance Coverage Deductible Amount April 18, 2024 — HUD’s Office of Multifamily Housing published a Mortgagee Letter & Housing Notice, revising the Federal Housing Administration (FHA) Multifamily property insurance requirements for wind and named storm coverage by increasing the maximum casualty insurance deductible amount for wind or named storm coverage to the greater of …
Join us at our Southshore office on Thursday, May 23rd from 1:00 PM – 4:30 PM for our Self-Care, Self-Love Fair, courtesy of the NOMAR Affiliates Committee. In addition to the sessions listed below, we’ll be joined by a variety of health and wellness vendors offering samples of juices, healthy snacks, and more. Featuring: Namaste with NOMAR will be an …
A note from Katie Johnson, NAR Chief Legal Officer: On April 23rd, Judge Bough granted that motion which means that the NAR settlement agreement is preliminarily approved. Settlement class members are now enjoined from filing complaints or prosecuting any claims based on the type of conduct at issue in Sitzer-Burnett and the other settled Actions on behalf of home sellers …
UPDATE NOTICE: 04/24/2024 SUPRA SYSTEM OUTAGE Attention ROAM MLS and Supra eKey subscribers, Supra’s Development Team is working diligently to resolve the continued nationwide system issues with the Supra eKey App. The latest update from Supra was reported today at 10:39am. The update is as follows: Dear Valued Supra Customer, As an update to our previous communication, we have partially …
On April 18, 2024 the metro New Orleans commercial real estate community gathered to recognize the best, brightest, and highest achieving in the field of commercial real estate in our region. Awards were presented in recognition of career accomplishments and service to the industry, achievement by credit volume, as well as achievement in sales and leasing throughout the retail, industrial, …
A Message from Ken Fears, NAR Director of Conventional Finance and Valuation Policy: Earlier this week, both Fannie Mae (opens in new window) and Freddie Mac (opens in new window) published explicit confirmations that buyers whose agent is compensated by the seller will continue to have access to financing through those institutions. Furthermore, so long as it remains “customary” for the seller to pay …