News and Events: Industry News

National Association of REALTORS Comments on Terrorism Risk Insurance Program

On Monday, April 30, NAR submitted a comment letter to the Federal Insurance Office (FIO) within the Treasury Department on the effectiveness of the federal Terrorism Risk Insurance Program (TRIP), to assist in the FIO’s 2018 report to Congress.  NAR strongly supports TRIP, which is critical to keeping terrorism insurance available and affordable.  Terrorism insurance.. read more >>

National Association of REALTORS Announces Flood Insurance Regulatory Reforms

While Congress continues to debate a 5-year reauthorization and reform legislation, the National Flood Insurance Program (NFIP) has implemented meaningful regulatory reforms that could improve the customer experience and encourage the development of a private market for flood insurance: NFIP Policy Refunds. Whereas the NFIP sets national average premium rates that overcharge some property owners.. read more >>

Brownfield Incentive Programs Presented

March 21 –  Attendees of the March 21 Lunch-n-Learn enjoyed the Brownfield Incentives program presented by Janet Michaluk (DEQ) and Jared Belka, (Warner Norcross & Judd). The speakers generously provided the following information for CARWM members to use: Brownfield Presentation CAR 3 21 18 Available Resources: DEQ Brownfield Unit Contact Map: http://www.michigan.gov/documents/deq/deq-rrd-Revised_staff_map_ada_615211_7.pdf DEQ Brownfield Grant.. read more >>

NAR Commercial Real Estate Outlook - 2018 First Quarter Report

NAR’s latest Commercial Real Estate Outlook offers overall projections for four major commercial sectors and analyzes quarterly data in the office, industrial, retail and multifamily markets. Highlights: Commercial real estate in SCRE markets continued to experience advances in investment sales, as the momentum picked up in the final quarter of the year. The bifurcation in.. read more >>

National Association of REALTORS Legislative and Regulatory Priorities 2018

The National Association of REALTORS® (NAR) represents over one million REALTORS® involved in all facets of the industry as brokers, sales agents, property managers, appraisers and counselors. As the largest professional trade association in the United States, NAR advocates policy initiatives that promote and protect a fundamentally sound and dynamic U.S. real estate market fostering.. read more >>

Review of 2017 Provided by Specialty Groups

Thank you to the Industrial, Retail and Office specialty Groups for creating the 2017 REVIEW: RETAIL The retail market is alive and well in West Michigan, with property sales of nearly 60.9 million dollars, an increase of 60% over 2016.  The number of sale transactions is up 14% over last year.  The number of lease.. read more >>

NAR's Commercial Real Estate Outlook

These presentation slides are from Lawrence Yun’s talk at the Commercial Real Estate Economic Issues and Trends Forum at the REALTORS® Conference & Expo in Chicago, IL, on November 3, 2017. OUTLOOK

NAR Reports Outlook Remains Bright for Commercial Real Estate Despite Price Plateau

WASHINGTON (September 12, 2017) — Commercial real estate price growth in large markets is expected to flatten over the next year, but strong leasing demand and investor appetite in smaller markets should keep the sector on solid ground, according to the latest National Association of Realtors® quarterly commercial real estate forecast, https://www.nar.realtor/reports/commercial-real-estate-outlook. Backed by the ongoing.. read more >>

NAR Working On Reauthorization of Flood Insurance Program

Reauthorization of the National Flood Insurance Program (NFIP) remains a top priority of NAR.  The past two weeks have seen a flurry of legislative activity. Please review the details here: https://www.nar.realtor/topics/national-flood-insurance-program-nfip/legislative-analysis?cid=GA0023   Talking points:  https://www.nar.realtor/topics/national-flood-insurance-program-nfip/talking-points

NAR Commercial Economic Forecast Presented In Washington D.C.

On Thursday, May 18, as part of the Mid-Year REALTOR meetings in Washington D.C., the National Association of REALTORS Chief Economist Lawrence Yun shared his forecast for the rest of 2017 and beyond for the commercial real estate industry. His presentation can be viewed here.

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