Industry News

• FinCEN Renews Its Geographic Targeting Orders (GTOs) April 19, 2024
  The Geographic Targeting Orders (GTOs) require U.S. title companies to identify and report information regarding beneficial owners when companies are used to purchase residential real estate.
• NAR Submits Comment on FinCEN Proposed Rule April 19, 2024
  NAR submitted a formal comment on the Financial Crime Enforcement Network’s (FinCEN) notice of proposed rulemaking regarding Anti-Money Laundering Regulations for Residential Real Estate Transfers.
• NAR Property Rights Wins at Supreme Court April 19, 2024
  In the span of just a few days, NAR and property owners won two decisive victories at the Supreme Court in support of property rights.
• NAR Honors Fair Housing Month, Announces 2024 Fair Housing Champion Award Winners April 3, 2024
  Award recipients are celebrated for contributions to communities and efforts in promoting homeownership to individuals from all backgrounds.
• Many Rivers to Cross: America’s Ongoing Fair Housing Journey April 3, 2024
  As we commemorate the anniversaries of the Civil Rights Act of 1964 and the Equal Credit Opportunity Act of 1974, we explore the continued importance of these landmark laws and celebrate the 2024 Fair Housing Champion Award winners, who are overcoming obstacles to homeownership in their businesses and communities.
• 2024 Fair Housing Champion Award - Shad Bogany March 29, 2024
  Shad Bogany is a Broker Associate at Better Homes & Gardens Real Estate Gary Greene in Houston, TX.
• 2024 NAR Fair Housing Champion Award - Eve B. Lee March 29, 2024
  Even B. Lee is the Founding Chair of the Community Partners for Affordable Housing.
• Report Housing Discrimination August 23, 2023
  If you believe your rights may have been violated, we encourage you to report housing discrimination to the Office of Fair Housing and Equal Opportunity (FHEO) at the Department of Housing and Urban Development (HUD).
• Fair Housing Month March 26, 2020
  Every April, REALTORS® commemorate the passage of the Fair Housing Act of 1968 with events and education that shine a light on housing discrimination and segregation, and a recommitment to expanding equal access to housing.
• NAR Call for Action: Urge Congress to Extend Mortgage Debt Forgiveness Tax Relief December 4, 2014
  The income tax exemption on mortgage debt forgiven in a short sale or a workout for principal residences has been extended by the House of Representatives.

Real Estate Roundup

Market Watch

• Tesla reports earnings next week — can you as an investor expect anything good?
  Also: Netflix’s good numbers and a reporting change, buying a home off-market, and retirement investing strategies.
• Bitcoin’s price stable after fourth ‘halving’. Here’s what investors need to know.
  Bitcoin’s latest “halving” — the fourth in the cryptocurrency’s history — is now complete. And while the token’s prices are off their highs from earlier in the day, there doesn’t seem to be much of a reaction — at least, not yet.
• Netflix’s stock has worst day in two years as its ‘rite of passage’ gets panned
  Other tech companies have pulled back on financial disclosures as they’ve grown, and now Netflix will do the same.
• Tesla’s stock suffers sixth straight slide as Cybertruck recall is announced
  Tesla must recall nearly 4,000 Cybertruck vehicles due to potential problems with their accelerator pedals.
• Nvidia’s stock plunge leads ‘Magnificent Seven’ to a record weekly market-cap loss
  The decline in “Magnificent Seven” stocks erased a collective $950 billion from their market capitalizations this week, which made for the group’s worst-ever weekly loss of market value.
• American Express says cardholders are buying lots of ‘front of cabin’ plane tickets, as total spending grows 7%
  American Express saw an acceleration in new card acquisitions during the first quarter, and it recorded a profit beat for the period.
• Why Super Micro’s stock tumbled to its worst day since August
  Some were hopeful Super Micro would give a positive update ahead of its official results, but that didn’t materialize when the company set its earnings date.
• AMC’s stock resumes rally, registers highest close since March
  Shares of the movie-theater chain and original meme stock have climbed three of the past four days
• Nike discloses ‘second phase’ of job cuts at its headquarters amid cost-savings efforts
  More than 700 staff at Nike’s global headquarters in Oregon will have been laid off by June 28, the company said.
• Rate-cut expectations give way to questions about a Fed hike — and how much higher interest rates should go
  Portfolio managers, economists, and Federal Reserve policy makers are all asking the same question: Are U.S. interest rates, now at a 23-year-high of 5.25% to 5.5%, high enough?