National Real Estate history

The Great Depression led to the New Deal in 1938 and the development of the Federal National Mortgage Association, which became known as Fannie Mae.

The National Association of Real Estate Brokers, Inc. (NAREB) was founded in Tampa, Florida, in 1947 as an equal opportunity and civil rights advocacy organization for African American real estate professionals, consumers, and communities in America.

Finally, in 1952, the use of model homes emerged in Dallas, Texas as a way to present a finished home to thousands of people representing another built unit for purchase.

14, 1960, President Dwight D. Eisenhower signed legislation that combined the best attributes of real estate and stock-based investment to create a new way of producing income.

Some significant policy achievements of NAREB were the first local fair housing legislation in 1962 in New York City, the first state fair housing legislation in 1963 in California, and the first national fair housing legislation in both 1947 and 1968. It was the 1963 California legislation that propelled NAREB into national prominence.

In 1970, the Federal Home Loan Mortgage Composition, or Freddie Mac, was established.

Early in 1981, a small group of independent Victorian rural real estate agents met to discuss the possibility of forming an association to maximise the effectiveness of their business in the face of increased competition from large, franchised organisations.

But, it wasn’t until around the year 2000 that flipping houses really took off.

But all the tech advances affecting real estate would soon be overshadowed by the mortgage crisis of 2007.