Your source for Government Affairs Insight from NC REALTORS®

Happening on Jones Street

While last year’s Politics and Cat Videos section was met with rave reviews, we have decided to replace it with a new regular section focusing on what is happening at the General Assembly (i.e., on Jones Street). But for the lovers of funny animal videos, don’t worry, they aren’t gone for good. Politics and Cat Videos will return on a sporadic basis to help explain some of the more complex issues facing our industry with a little bit of light humor.

The North Carolina General Assembly kicked off the legislative biennium this week with its first session. Members of the House of Representatives and Senate were formally sworn in and leadership in both chambers were elected. Representative Tim Moore from Cleveland County was re-elected as the Speaker of the House, while Senator Phil Berger of Rockingham County was re-elected as the President Pro Tempore of the Senate. Other leadership positions in both chambers were also appointed and committee appointments are in process.

Legislators will return to Raleigh on January 30 to begin their formal work for the year.
 

Federal Focus

Today (Friday, January 11) is the 21st day of the partial shutdown of the federal government. By crossing the 21-day mark, this ties it with the 1995-1996 shutdown as the longest in history. With resolution in the dispute between Congress and the President imminent, NAR has continued to monitor the impact that the closure of various federal offices on the real estate industry.

They put together a comprehensive look at the impact you or your clients may be feeling. Included in this resource are NAR staff contacts who can provide you more details about how to assist your clients.

Dr. Lawrence Yun, NAR Chief Economist and Megan Booth, NAR Director of Federal Housing Policy also put together a video detailing the specific impacts and the potential market impacts. Check it out here.

REALTOR® SURVEY

To gain a better understanding for the specific impact of the shutdown on the real estate industry, NAR surveyed a random sample of 52,000 REALTORS® from across the country and received 2,211 responses. The results are as follows:

  • 75 percent had no impact to their contract signings or closings.
  • 11 percent did report an impact on current clients and 11 percent on potential clients.
  • Of those who reported an impact on current or potential clients, they were asked further details. Respondents were allowed to pick more than one response, as they may be working with more than one client.
  • The most common impact, at 25 percent, was the buyer decided not to buy due to general economic uncertainty, though they were not a federal government employee.
  • Among those impacted by the shutdown, 17 percent had a closing delay because of a USDA loan.

Learn More >>

Winter Leadership Meetings

Next week, REALTORS® from across the state will gather in Greensboro for the NC REALTORS® Winter Leadership Meetings. While the week is filled with a lot of important meetings and discussions, here are a few of importance to NC REALTORS®’ advocacy activities.

Tuesday, January 15

Wednesday, January 16

  • NC REALTORS® PAC Trustees Meeting [4:00-5:00 PM, Berkeley Room]
  • Economic Development Committee [5:00-6:00 PM, Riviera Room]

Thursday, January 17

  • Legislative Forum—Featuring Director Mike Sprayberry, NC Division of Emergency Management [9:00-10:00 AM, Grandville CD]
  • NC REALTORS® PAC Awards [11:15 AM-12:30 PM, Grandville CD]
  • Legislative Committee [1:00-3:00 PM, Grandville A]
  • NC REALTORS® PAC Happy Hour [5:30-6:30 PM, Griffin Room]
2019 Events

Check out this list of important NC REALTORS® events for 2019.

  • NC REALTORS® Legislative Meetings
    • March 25-27 in Raleigh
    • NC REALTORS® Legislative Day: March 27
  • COMING SOON: State of Real Estate 
    • April 11-12 in Wilmington
    • **Make sure to come to Winter Leadership Meetings in Greensboro for the announcement!
LINKS TO MORE RESOURCES
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4511 Weybridge Lane, Greensboro, NC  27407
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