August 2018 Update
NAR Applauds Senate Passage of Flood Insurance Extension
REALTORS® have been urging extension of the Flood Insurance program for months. More than 129,000 REALTORS®, or roughly 15 percent of the membership of NAR, sent letters to their senators/members of Congress in support of the extension. Click here to read a full statement by NAR President Elizabeth Mendenhall. Read more about the National Flood Insurance Program and its importance to the real estate industry.
July 2018 Update
Tell Senators to Renew National Flood Insurance
Senators on Capitol Hill are the last hurdle to renewing the National Flood Insurance Program (NFIP) and time is running out! Take action now to protect your clients from a lapse in flood insurance and ensure your business isn't interrupted by a shutdown.
Wake Voters to Decide Fate of Schools, Parks, Wake Tech Bonds
In addition to voting for candidates running for State and County Offices, as well as six state constitutional amendments, Wake County citizens will also be tasked with determining whether to support three separate bonds this November. These are over $548 million for school construction and rehabilitation, $120 million for extending greenways and purchasing new land, and $349 million for new construction on Wake Tech Campuses. Voter fatigue is expected with so many candidates and issues on the ballot, so be sure to fill it out all the way to the end!
Wake County Town is America's Fastest Growing
It will come as no surprise to residents and REALTORS® operating in the area, but Apex has topped the list as America's fastest growing suburb. Rated as one the best place to live in America by Money Magazine just three years ago, Apex has ridden the wave of popularity, adding new citizens and properties as quickly as possible. With that comes new challenges, inventory is tighter than ever, and three year price appreciation is up to 50%. As homebuilders struggle to build new inventory, the town must cope with the challenges that come along with its new stardom.
Let Congress Know to Pass Flood Insurance
Flood insurance is once again at risk, and your action is needed to let Congress know to extend NFIP before it expires on July 31st! If NFIP lapses, it will wreak havoc on closings, and leave homeowners in floodplains at risk of natural disasters... just as Hurricane Season picks up again. Take 30 seconds, and let Congress know they need to get to work protecting their constituents!
North Carolina Influencer Series
The News & Observer recently launched a new project to increase conversations as we approach an important election on November 6th. The North Carolina Influencer Series is meant to be a long-lasting conversation between every day citizens and the leaders and influencers in our state. The N&O will pose questions about the issues that matter most, and once citizens have weighed in and voted on which responses resonated most, they'll bring together the influencers for live public events to discuss solutions and the challenges identified. Give your input here!
Triangle Remains Strong Contender for Amazon, Apple
Anonymous sources involved in recruiting major companies say that the Triangle remains competitive in attempts to bring two industry giants to our area. Should both come, it would mean over 60,000 new jobs for the region and billions of dollars of investment in new construction and leases. While some decisions should have been announced by now, the General Assembly reworked the state's economic incentives program, leading to reviews by both companies and drawing out the timeline. While the direct impact on the housing market remains undetermined, the already historic low inventory in the area will mean that REALTORS® will be more valuable than ever should these companies choose our area as their new home.
June 2018 Update
RRAR to Join List Supporting ADUs
RRAR has added its name to a list of organizations supporting a Raleigh Planning Commission's recommendation to allow Accessory Dwelling Units in the City of Raleigh, but asking to remove an overlay district requirement to implement their construction. We recognize and congratulate Raleigh's efforts to expand inventory at a time of increasing need for more missing middle housing. We strongly believe that ADUs are one tool to achieve this goal. We believe that the inclusion of an overlay district would add a restrictive barrier making it almost impossible for a neighborhood to define boundaries and achieve approval for an ADU. We support the Council moving forward with Recommendation TC-3-17 with no overlay district, providing Raleigh residents an affordable housing option.
Would You Pay Higher Housing Prices for Amazon HQ2?
A recent Elon University Poll surveyed residents in each of the 16 US cities on the finalist list for Amazon's second headquarters. In Raleigh, 69% of respondents said they would expect housing prices to increase should HQ2 come to the area, while 49% said Raleigh is definitely the best choice for the new headquarters. Additionally, 30% said they would spend between 6 and 14 minutes longer in traffic for HQ2, and 27% said 15 minutes or more. Raleigh residents do draw the line if it means paying more in taxes. 80% said they would not be willing to pay more in taxes in order to fund incentives for Amazon. Read the entire article here.
May 2018 Update
Early Voting Has Started
If you would like to cast your vote in advance of the May 8 primary, now is your chance to do so! While there are no statewide primaries this year, there are still plenty of opportunities to have your voice heard. All 170 seats in the General Assembly are up for elections, and in Wake County all Commissioner seats and School Board seats are up for election. Early voting ends at 1:00pm on May 5, so make sure you get out and vote!
Learn more about Downtown Raleigh
Each year, the Downtown Raleigh Alliance (DRA) hosts the State of Downtown Raleigh to provide a comprehensive market analysis of Raleigh's Central Business District (CBD) with the intention of informing and exploring new partnerships with the investor and real estate community. This is the premier event for developers, brokers, realtors, urban planners, and economic developers whose clients would benefit from learning more about Raleigh's CBD. Register here, use code "RRAR18" for $5 off!
Talk to Congress on what Matters: Register for 2018 NAR Midyear
Every year, REALTORS from across the nation head to Washington DC to talk with their elected Congressmen and Senators about issues important to the real estate industry. If you want to learn more about how our national association operates, and stress the importance of the Realtor Party on Capitol Hill, register here. RRAR always has a strong delegation attend, join us and spread the word!
Talk to the General Assembly on What Matters: Register for 2018 Legislative Meetings
Want to spread the Realtor Party message, but a little bit closer to home? Concerned that real estate interests need more attention in-state? Join us June 4-6 in Downtown Raleigh to learn more about the NC REALTORS and talk with House and Senate members about what they should be doing to protect your industry and your clients. You can find the full calendar of events here, and register for the event here.