Inside this issue
  REALTORS converge on nation's capital this week.  
More than 100 NVR members will be in Washington, DC for annual midyear conference
The 2019 REALTORS® Legislative Meetings & Trade Expo this week is the perfect opportunity to introduce REALTORS® to the 116th Congress. There are more than 100 new members serving in Congress and thousands of new Hill staffers. It's important that we let them know "Who We R" and remind them of the value we bring to our communities, the impact of real estate on the economy, and the vital role homeownership plays in building generational wealth.

And at the trade show and expo, don't forget to visit the NAR Booth #1707. Throughout the week, NAR will be celebrating the 50th anniversary of the REALTORS® Political Action Committee, culminating in the special sold out celebration at the National Building Museum. If you are unable to attend follow along on social media using the hashtag #NARLegislative, and stay tuned to for additional content.


  NAR releases new state international business reports  

The 2019 Commercial Real Estate International Business Trends reported $4.8 billion in commercial transactions with foreign clients in 2018 among REALTORS® typically engaged in commercial transactions of less than $1 million per transaction. The continued expansion of trade and investment among countries and the accompanying mobility and migration of people opens greater opportunities for transacting with international clients.

NAR's Individual state reports provide state-level economic data that can be used to enhance the knowledge and expertise of those seeking to conduct and assist international real estate transactions with non-U.S. residents and recent immigrants to the United States. Click here to view the Nevada report.


Top After recession bust, is it safe to buy in vacation communities again?  
  Home values in resort areas fell roughly 25% to 50%, depending on the location, estimates Jack McCabe of McCabe Research & Consulting. That's compared with a 17.5% drop nationally in home sale prices from 2006 to 2011, according to an analysis of CoreLogic home sales data ...

These days, it's much tougher to get a mortgage than before the crash. The bar is set higher for income, credit scores, and manageable debt loads. From 2005 to 2007, the median Vantage credit score for someone getting a first mortgage on a property was 685 to 690, says Carbacho-Burgos. So far this year, it was about 739. That bodes well for real estate in the next recession as the housing market isn't likely to cause another global crash. Continue reading by clicking here.


  Freddie Mac: Mortgage rates moderate, give way to stronger homebuying season  

Mortgage interest rates have begun to moderate, giving way to a healthier spring homebuying season, according to the latest Freddie Mac Primary Mortgage Market Survey. The 30-year fixed-rate mortgage averaged 4.10% for the week ending May 9, 2019, down from last week's rate of 4.14%. A year ago, the rate was 4.55%.

The 15-year FRM averaged 3.57% this week, sliding from last week's 3.60%. This time last year, the 15-year FRM sat significantly higher at 4.01%. Lastly, the five-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.63%, falling from last week's rate of 3.68%. This rate remains only moderately below the same time period in 2018, when it averaged 3.77%. Click here to read more.