The average homeowner has accumulated nearly $150,000 in housing wealth over the last five years. See which markets are seeing the biggest gains in NAR's latest quarterly housing report.
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Duane Desiderio, senior vice president at the Real Estate Roundtable, discusses the spread of regulations called building performance standards since the passage of Local Law 97 in New York City in 2019. To aid stakeholders in navigating the regulatory landscape, the organization has published a 20-point policy guide. "At the state and local level, unlike the federal level, these BPS laws would impose mandatory limits on buildings to either reduce their energy by certain amounts every year or to reduce their carbon emissions every year or in some cases both," Desiderio says.
The Government Accountability Office has urged the Defense Department to better assess housing markets near military bases to address affordability issues for service members. The GAO found that service members often face housing shortages and high costs, leading to significant debt and long commutes. Some military housing assessments are outdated by as much as a decade, the GAO noted.
The Connectivity Standards Alliance has released Matter 1.4, expanding support for device types such as solar-powered equipment, electric vehicle supply equipment and thermostats. This update enhances automation and user control, and it improves the multi-admin feature for seamless integration across ecosystems.
Donald Trump is returning to the White House with plans for sweeping economic changes, including significant tariffs on imports aimed at protecting domestic manufacturing. Wall Street is preparing for potential economic shifts, including lower taxes and deregulation, with expectations that such policies could spur growth. There is also some concern that policies could spark a trade war with retaliatory tariffs or potentially bring higher inflation.
The National Association of REALTORS® is America's largest trade association, representing more than 1.5 million members involved in all aspects of the residential and commercial real estate industries. REALTOR® Magazine is the official magazine of NAR, bringing expert insight to real estate trends, tools, and business strategies.
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