Realtors Property Resource® (RPR)


What is Realtors Property Resource™?

Realtors Property Resource TM (RPR), began in 2008 as one of NAR’s Second Century Initiatives RPR’s goal was to create an online real estate library that will provide NAR’S REALTOR® members with valuable data on every property in the United States.

This initiative is based on the collaborative efforts of REALTORS® and the real estate community, including Brokers, MLSs and Associations. RPR’s core mission is to reinforce the REALTOR’S® value in the market place by keeping them ahead of the technology curve and better able to serve today’s’ technology empowered consumer.

RPR, LLC was incorporated in November of 2009. RPR, LLC is a wholly owned subsidiary corporation of the National Association of REALTORS®, and has no stockholders, no partners and no outside investors. It is funded by NAR’s Second Century Initiatives reserves, and all technologies, databases, systems and any future return on NAR’s investments belong to NAR’s members.

RPR will provide NAR’s REALTOR® members access to a national database of robust information which will give REALTORS® the greatest access to nationwide property information needed to best serve their clients and customers. RPR is a parcel centric system which will aggregate all available data sets and attach them to a property, including tax assessment and public record information, notice of default, REO, foreclosure and pre-foreclosure data, MLS/CIE-provided information, zoning, liens, permits, school districts, flood plain maps, demographics and much more.

RPR™ is an exclusive benefit to REALTOR® members of NAR. RPR will have no public or consumer access, and will not allow any feeds to third parties. Advanced reporting features RPR iPad ill allow the REALTOR® to create custom reports to provide to clients and customers, keeping the REALTOR® in the center of the transaction, armed with tremendous information and analytics, all in one place.

With this new resource REALTORS® will have unparalleled access to data that will give you a competitive edge with your clients. At its base are over 147 million property records, built from public record and assessment information. Then layers of data have been added such as zoning, permits, and mortgage and lien data, schools and the largest database of foreclosure information in the industry. REALTOR® members of participating MLSs will also have their localized MLS active and off-market data integrated with these robust national data sets.

The RPR™ is not a national MLS, and will carry no offers of cooperation and compensation.



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Top RPR Valuation Tools for Agents and Appraisers
Wednesday, June 16, 2021 at 10:00 AM PDT RPR offers agents and appraisers powerful analysis tools that leverage hundreds of datasets to accurately pinpoint a property's value, particularly for hard-to-price properties. In this session, we'll lead you through the RPR website as we demonstrate how to master the platform's customizable valuation tools, such as the CMA, Sales Comparison Analysis and Valuation Workbook. Join us and learn how to: Search/research properties to use as comps. Use your expertise to compare and weigh comps. Analyze neighborhood sales trends. Create persuasive, customizable and branded Seller's Reports. Generate a Sales Comparison Analysis and Valuation Workbook for a more in-depth property analysis, especially for appraisers. Register
With RPR, REALTORS Give First-time Home Buyers First Class Guidance
What's on the minds of current home buyers--specifically first-timers? The NAR has answered that question with the recent release of their Home Buyers and Sellers Generational Trends study for 2021. It provides a plethora of data and research into what age groups are buying real estate and what challenges, perceived or real, each group faces. An additional article by NAR's REALTOR® Magazine, NAR Study: Young Adults Eagerly Entering, Dominating Housing Market, breaks down and analyzes the info even further to reveal that Millennials now make up the largest group of first-time home buyers. It also shows that the top concern among all buyers is related to finding that perfect property: When asked, "What buyers want from real estate agents," nearly 50% of all buyers said: "Help finding the right home to purchase" When asked, what are the "most difficult steps of the home buying process?" — again, over half of all buyers responded with: "Finding the right property." It's pretty clear that buyers, especially first-timers, want a knowledgeable and trusted advisor to help them find a home that's just right for them. And experienced REALTORS® who use RPR (Realtors Property Resource), are positioned to deliver those results. Use RPR to "wow" your clients and close more deals RPR is a digital platform (website, mobile app and blog) that offers REALTORS® access to data, tools and reports on just about every property in the country. When used in tandem with your local real estate expertise and know-how, you can provide your first-time buyers with the latest market movements and trends, and accurate, data-backed advice to help them make informed decisions. Here's how Katheryn DeClerck, an Associate Broker with Howard Hanna | Rand Realty in Goshen, New York sees it: "First-time homebuyers need more information and assistance in the buying process than those that have bought before. The REALTOR®, with the help of RPR, is uniquely positioned to offer what the first-time homebuyer needs." Katheryn continues, "This generation is known for using technology for information and problem-solving. Online, they can be inundated with data and information and they need help interpreting it to make it useful. That's where I think the REALTOR® and RPR come in. Property reports bring them so much more than they get from a typical MLS printout. Market activity, school, and neighborhood reports give them valuable comprehensive reports they can only get from a REALTOR®." RPR Reports: Easy to create, hard to duplicate Reports are RPR's bread and butter. Professionally designed deliverables that are easy for consumers to understand that you can send to your clients in minutes (if not seconds). They're also a chance for you to communicate your unique message and your brand to every prospect and client. Check out this video, RPR Reports, for more details. REALTORS® who use RPR reports: Instantly respond to client needs with real estate reports that matter Give their clients as much or as little data property they see fit, in an easily digestible, professionally designed package Deliver up-to-date data and info on specific properties, neighborhoods, schools, market activity and much more Brand each RPR report with their name, photo, logo and contact information Customize reports to include biographies, testimonials, and marketing tools "First-time home buyers need a keen insight into the markets they are looking to buy in. The RPR reports do just that!" says Joe Sinnona, an Associate Broker with eXp Realty. "My initial consultation with them includes giving them a copy of a neighborhood and school report in their desired area. The data from these reports includes economic, demographic, quality of life, market statistics and school ratings. These reports educate them so they can make informed decisions on where they are looking to buy." Joe adds, "First-time buyers, especially the Millennial generation, really appreciate that I'm able to provide such in-depth data and that they can receive it in their desired format, typically via email or text. Many times, I've been able to make a connection at an open house with the first-time homebuyer as they usually haven't been given this type of information previously. RPR tools set me apart from other agents!" RPR Maps: Give first-timers the big picture RPR has recently made some changes and updates to the maps experience, which makes using them easier, faster and more intuitive. With them, you can visually search for properties and uncover market trends. The map layers offer various views and ways to "zone in" on areas, neighborhoods and properties themselves. From aerial, road, and overhead views, to schools, estimated values, heat maps, and geographic overlays, users can draw or designate maps in ways that will help you and your clients. Miriam Treger, an Associate Broker with Howard Hanna Real Estate Services in Williamsville, New York sums it up perfectly: "A key feature within the RPR website is the map tools. By using these mapping tools, a REALTOR® will be able to use a broader brush to expand the search areas, within the buyer's price point, such as neighborhoods, ZIPs, cities, opportunity zones, or counties on the map, and then searching one or more of those areas. This allows the buyer to learn more about other communities to help them make good decisions. This really helps identify properties for buyers in areas that they may not have considered in their initial search." Well said, Miriam. Watch this video, RPR: Map Search & Analysis, for a quick tutorial on how to get familiar and started using RPR Maps. Use RPR's data to advise your clients First-time buyers, and all buyers for that matter, want their agent to help them find a property that fits their needs. As the industry's leading digital real estate tool, RPR will help you make a memorable first impression and be more efficient and more productive. It will also "wow" your clients and help you take more of them to the closing table. Here's what RPR offers every REALTOR®: Easy access to data and detailed reports via the nation's largest property database Data and tools to gauge the market and research properties, markets, neighborhoods, and schools Customizable, client-friendly reports, branded with your info Access data on-the-go and respond to clients in seconds with RPR Mobile™ Learn about these tools and more Want to learn more? Check out these RPR Webinars to help further your RPR knowledge. Explore the page to find on demand video tutorials and printable guides on a wide variety of topics. And remember, RPR is a member benefit offered by the National Association of REALTORS®. You've already paid for it—you should be using it! If you haven't created your RPR account, do so today. Visit and follow the easy steps. To view the original article, visit the RPR
Q1 Market Report: Metros with the Most Explosive Growth
There were "virtually" no losers in this year's Q1 market report among the metropolitan areas tracked by the National Association of Realtors. Only winners...if you're a seller, anyway. Buyers? Not so much. Stark Contrast Between Sellers and Buyers In fact, 99% of the country's metros recorded year-over-year price gains, with 89% nailing double-digit increases. Only one of the 183 markets covered in NAR's latest report recorded falling prices: Springfield, Illinois, which saw its median slide by 2.4%. A corresponding Q1 market report, this one from analytics firm ATTOM Data Solutions, found that 17.8 million residential properties in the country are now considered equity-rich, meaning their owners owe 50% or less on their homes than their estimated market value. This count represents about one in three of the 55.8 million mortgaged homes in the United States. Meanwhile, the number of owners who owe more than 75% of their home's current value continues to fall; at 6.6% a year ago, it's down to 4.7% currently. That's all good news for sellers. "It continues to be a great time to be a homeowner most everywhere in the country," said ATTOM's Todd Teta. But it's tough on would-be buyers who are continuing to be priced out of the market. "The sudden price appreciation is impacting affordability, especially among first-time home buyers," said NAR's chief economist, Lawrence Yun. Nationally, according to the NAR report, the median price of an existing house rose 16.2% in the January-to-March period, to a record-high $319,200. Metros with the Highest Percentage Price Increases So what does all this look like on the metro area level? Some of the Q1 market report's largest percentage increases of price were recorded in the New England region. Taking the top spot with a 35.5% increase in median price was Kingston, New York, followed by: Bridgeport-Stamford, Connecticut — 34.3% Atlantic City, New Jersey — 34% Barnstable Town, Massachusetts — 33.1% Elmira, New York — 29.1% (tied) Glens Falls, New York and Decatur, Illinois — 27.5% Inventory Snapshot Of course, higher prices are dependent on the types of house sold, especially in smaller locations. Not all houses saw large price gains in the first quarter, the NAR report stressed. Because there is a concentration of condominium apartments in high-cost metro areas, for example, the median price for those units are often higher than the median for individual single-family houses. Also, prices reflect the types of homes that are selling during the period and can be skewed at times by changes in the mix. That includes the level of distressed sales, which generally are heavily discounted. But economist Yun said the run-up in prices is a product of the same song the industry's been singing for months: strong demand paired with a record-low supply of houses for sale. "The record-high home prices are happening across nearly all markets, big and small, even in those metros that have long been considered off-the-radar in prior years for many home seekers," he said. According to NAR's latest figures, inventory continues to remain at near-historic lows. The unsold inventory of properties listed for sale sits at a 2.1-month supply at the current sales pace. That's down from 3.3 months in March 2020. For context, six months' worth of supply is considered "normal." "With low inventory already impacting the market, skyrocketing costs have left many families facing the reality of being priced out entirely," Yun said. And the situation "underscores the importance" of stepping up new home construction as well converting abandoned retail and hotels into housing. Both, he said, "would combat the affordability problem." What About Mortgages? Often, buyers are more concerned with what a house will cost on a monthly basis than the overall price. But, the higher median price drove the average national monthly mortgage payment for principal and interest from $995 a year ago to $1,067 at the end of March. That's a $72-a-month jump, even though the effective rate on a 30-year fixed-rate mortgage dipped to 2.93% in Q1. In eight markets, a family needed to earn more than $100,000 to afford a 30-year mortgage with 20% down. And in one – San Jose, California – an annual income of nearly $243,000 was necessary. Mortgage payments are considered affordable if they amount to no more than 25% of the buyer's median income. NAR's report found that with 20% down on a 30-year loan, the average family with a median income of $90,547 spent 14.1% of that income on its mortgage. That's down slightly from 14.5% a year ago. But how many families are making $90K in the not-quite-post-COVID market? Most first-time buyers don't have the savings to put down 20%. Buyers with that much money to put down are mostly those who are cashing in on their gains made by selling and moving to another residence. And there are other housing-related expenses, too: homeowners insurance, property taxes and mortgage insurance if your down payment is less than 20%. Long story short — first-time buyers putting down less than 20% (spoiler alert: many of them) are at a distinct disadvantage in this market. Q1's Most Expensive Markets Let's get down to brass tacks: according to NAR's report, these are nation's most expensive housing markets and their year-over-year price increase percentages as of April 1: San Jose, California ($1.5 million, up 11.1%) San Francisco, California ($1.2 million, up 21.8%) Anaheim-Santa Ana-Irvine, California ($1 million, up 14.3%) Urban Honolulu, Hawaii ($940,400, up 19.2%) San Diego, California ($763,500, up 14%) Boulder, Colorado ($726,600, up 16.7%) Los Angeles, California ($682,400, up 15.1%) Seattle-Tacoma, Washington ($653,400, up 17.9%) Naples, Florida ($599,500, up 24.9%) Nassau County-Suffolk County, New York ($598,600, up 22.7%). At least for now, it seems the West Coast isn't the friendliest place for first-time or budget buyers. Will it ease up in those areas anytime soon? Syndicated newspaper columnist, Lew Sichelman has been covering the housing market and all it entails for more than 50 years. He is an award-winning journalist who worked at two major Washington, D.C. newspapers and is a past president of the National Association of Real Estate Editors. To view the original article, visit the