Priority Issues

Read about NVAR's work on several legislative and regulatory policy goals, including current priority issues, on-going issues, standing Public Policy Positions and recent Realtor® Advocacy Wins. Make your voice heard by submitting feedback for the annual NVAR Legislative Program, submitted every spring. 

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2023-2024 NVAR Legislative Agenda

Download the 2023-2024 LEGISLATIVE AGENDA
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On-Going Issues

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NVAR Legislative Program

Legislative Program

Every spring, NVAR compiles legislative and regulatory policy goals for the coming year into a document called the NVAR Legislative Program.

The Legislative Program is developed over several months based on feedback given by NVAR members. The process begins in March, when NVAR committees and forums are asked to submit issues to the NVAR Public Policy Committee for consideration. Individual Realtors® may also submit issues to the committee. A task force researches these issues and recommends pertinent ones for inclusion in the Legislative Program.

Once a draft program has been developed, the Public Policy Committee reviews it and sends a final draft to NVAR’s Board of Directors for consideration. Following approval by the Board, NVAR forwards the program to the Virginia Association of Realtors® for inclusion in the statewide list of legislative priorities.

An important component of the issues we look at is your voice. If you have suggestions for items we should be looking into please email us at govaffairs@nvar.com OR fill out this quick form.

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Town Hall Notes Blog

FIVE FOR FRIDAY: A Weekly Roundup of Public Policy News

Sep 6, 2024, 11:14 by Chris Barranco
Welcome to FIVE FOR FRIDAY: A weekly roundup of public policy issues and headlines from around the Northern Virginia Region, the Commonwealth, and Capitol Hill.

by Danielle Finley, Associate Director of Political Engagement


 

Welcome to FIVE FOR FRIDAY: A weekly roundup of Public Policy Issues and Headlines. In this Issue: 1. August payrolls grew by a less-than-expected 142,000, but the unemployment rate ticked down to 4.2% 2. America has the fewest jobs available since January 2021 3. Affordability and U.S. Election Stalling U.S. Consumers Home Buying Decisions 4. Lt. Gov. Winsome Earle-Sears announces run for governor 5. D.C. attorney general alleges ‘widespread’ title insurance kickbacks. Bonus: Latest President: General Election, 2024 Polls.

August payrolls grew by a less-than-expected 142,000, but unemployment rate ticked down to 4.2%

By JEFF COX, CNBC

The U.S. economy created slightly fewer jobs than expected in August, reflecting a slowing labor market while also clearing the way for the Federal Reserve to lower interest rates later this month. Nonfarm payrolls expanded by 142,000 during the month, up from 89,000 in July and below the 161,000 consensus forecast from Dow Jones, according to a report Friday from the Labor Department’s Bureau of Labor Statistics.

America has the fewest jobs available since January 2021

By ALICIA WALLACE, CNN

The JOLTS report, although more backward-looking than most of the data, provides a critical look at the churn within the labor market and whether turnover remains at healthy levels. “This latest JOLTS Report revealed a haggard but healthy labor market in the last mile of the Fed’s tightening cycle,” Noah Yosif, chief economist at the American Staffing Association, wrote in commentary issued Wednesday. “Tepid momentum in hiring and layoffs suggests that employers remain reluctant to raise headcount without a substantial deceleration in borrowing costs.”

Affordability and U.S. Election Stalling U.S. Consumers Home Buying Decisions

By MICHAEL GERRITY, World Property Journal

In July 2024, pending home sales dropped by 5.5%, as reported by the National Association of Realtors. All four U.S. regions experienced monthly declines in transactions. Compared to last year, the Northeast saw an increase, while the Midwest, South, and West showed decreases. "A sales recovery did not occur in midsummer," said NAR Chief Economist Lawrence Yun. "The positive impact of job growth and higher inventory could not overcome affordability challenges and some degree of wait-and-see related to the upcoming U.S. presidential election."

Lt. Gov. Winsome Earle-Sears announces run for governor

By ANNA BRYSON, Richmond Times-Dispatch 

Lt. Gov. Winsome Earle-Sears announced Thursday evening at a rally here (Virginia Beach) that she will seek the Republican nomination for governor next year, setting up a potentially historic campaign in which she could become the first woman elected governor of Virginia. Earle-Sears, 60, who lives in Frederick County, made history two years ago as the first Black woman elected to statewide office in Virginia. She could face Attorney General Jason Miyares next summer in a fight for the Republican nomination.

News missed from last week: D.C. attorney general alleges ‘widespread’ title insurance kickbacks

By AARON GREGG, The Washington Post

Four title insurance companies based in the Washington area have agreed to pay $3.29 million to settle claims that they paid illegal kickbacks to real estate agents in exchange for referrals, D.C. Attorney General Brian Schwalb announced [last] Thursday. Schwalb (D) described the kickbacks as part of a “widespread” scheme to limit consumers’ options and hurt law-abiding competitors.

Bonus

Latest President: General Election, 2024 Polls

By Project FiveThirtyEight