Dan Weisman, NAR's director of emerging technology, told the audience that $25 billion per year is being invested in proptech across the globe and $10 billion of that is being invested in the United States.
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The apartment and industrial sectors are seeing strong growth. Retail is also recovering given the rising demand for online shopping. The office sector is starting to recuperate at a modest pace due to job growth and because some workers are heading back to the office.
November 13, 2021
Media Contact:
Quintin Simmons 202-383-1178The real estate industry has helped Americans of every background build wealth through homeownership. Yet, for much of the 20th century, many African Americans have been excluded from these opportunities to build intergenerational wealth.
The outlook for the residential real estate market, which performed exceptionally well during the height of the pandemic, continues to be promising, according to NAR Chief Economist Lawrence Yun.
Larry's exceptional service to NAR, the real estate industry, his fellow Missourians and our country makes him truly deserving of this honor.
November 13, 2021
Media Contact:
Troy Green 202-383-1042Gail Hartnett's dedication to the real estate industry, NAR, and her fellow Idahoans represents everything that the Distinguished Service Award embodies.
November 13, 2021
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Troy Green 202-383-1042Johnson acknowledged the need to "pivot and find the opportunity" when connecting with the next generation, especially in the face of regulatory obstacles.
November 12, 2021
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Emily Newman 202-383-1287During a panel session at the 2021 REALTORS® Conference & Expo, several top real estate brokers discussed how the pandemic has altered their business models and also shared their outlook for the coming year.
NAR and FEMA expressed their shared support for the NFIP's modernized Risk Rating 2.0: Equity in Action flood insurance pricing system, and renewed their commitment to ensuring consumers are informed and prepared.
Relocation to be closer to family had been rising in recent years, however, the COVID-19 outbreak accelerated that trend.
November 11, 2021
Media Contact:
Quintin Simmons 202-383-1178