News and Events: Industry News

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.

Commercial Alliance of REALTORS Updates Position on Kent County Land Bank

The Commercial Alliance of REALTORS supports the Kent County Commissioner’s discussion regarding the future of the Kent County Land Bank .  While some media reports laud its success, concerns of the actual need for the program remain. The Commercial Alliance of REALTORS believes in concept that the Land Bank model of disposition of tax – foreclosed.. read more >>

NAR: Stable Growth Expected for Commercial Real Estate in 2017

Steered ahead by strengthening demand in smaller markets, the commercial real estate sector should remain on stable ground in 2017 and offer decent returns for investors, according to the latest National Association of Realtors® quarterly commercial real estate forecast. National office vacancy rates are forecast by Realtors® to retreat 1.1 percent to 12.1 percent over.. read more >>

2016 YEAR IN REVIEW

RETAIL: Transaction velocity in the Retail market increased by 14.4% in 2016, showing that ‘brick-and-mortar’ retail stores are alive and well in West Michigan. “The recently reported closing of Sears in Woodland Mall offers an extremely positive opportunity for redevelopment of that portion of the mall”.  We will see a lot of activity from national.. read more >>

NAR ECONOMIST: Commercial Sectors to Eke Out Modest Growth

Multifamily and industrial properties will continue to lead growth among commercial real estate sectors as the economy makes moderate gains through the end of the year and into 2017, NAR Chief Economist Lawrence Yun said at the 2016 REALTORS® Conference & Expo in Orlando on Friday. Speaking at a commercial economic forum, Yun said he.. read more >>

2016 Endorsed Candidates

The Commercial Alliance of REALTORS has endorsed these candidates in the November 8 election: Steve Johnson -72nd District House of Representatives Chris Afendoulis – 73rd District House of Representatives Rob VerHeulen – 74th District House of Representatives Casey O’Neill –  76th District House of Representatives Tommy Brann – 77th District House of Representatives Thomas Albert.. read more >>

National Association of REALTORS Second 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 small cap markets maintained its upward momentum during the first half of 2016, with REALTORS® reporting continued improvement in fundamentals and investment sales. The.. read more >>

Commercial Drone Rules Take Effect

Learn more about the laws and rules affecting the use of drones: Drone Rules Video

Commercial Drone Use Set to Take Flight with Release of FAA Rule

WASHINGTON (June 21, 2016) — Commercial drone use in the real estate business got a boost today with the release of the Federal Aviation Administration’s final rule(link is external) governing small unmanned aerial systems, or UASs, in the national air space. Drones are increasingly being used in commercial applications, but federal regulations have required commercial.. read more >>

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