E-News

The overall current Real Estate Sentiment scores among New Yorkers in the third quarter of 2011 is the lowest it has been in two years. New Yorkers expect the overall real estate market and the value of property to remain virtually unchanged over the next year. Consumers continue to see now as a very poor time to sell, but a good time to buy.

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According to MSNBC, President Barack Obama announced on Monday that the government’s Home Affordable Refinance Program will be changed to allow homeowners with little or no equity to refinance no matter how much their home value has dropped below what they still owe.

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State Comptroller Thomas DiNapoli released a report last week indicating New York tax collections for the first half of the fiscal year missed projections by $391.9 million.

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Late Thursday, the Senate voted to pass an that would restore the FHA and GSE loan limits to the levels prior to September 30. The amendment is included in the Treasury and Housing and Urban Development appropriations bill that passed the Senate. The amendment still has to be passed by the House.

The Tuesday, November 1 NYSAR Radio show will focus on common mistakes made by REALTORS that can result in license revocation. Tune in at 10 a.m. on Tuesday, November 1 by clicking here.

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Submit your most creative video telling everyone the value of working with a New York State REALTOR and you could win a $500 American Express gift card! Submissions must be received by December 31, 2011.

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The 2011 REALTORS Triple Play Convention and Trade Expo will be held December 6-8 in Atlantic City, NJ. With free CE sessions featuring the industry’s top speakers, unparalleled networking and referral opportunities, and an expo with the hottest products and services, Triple Play really is the event you can’t afford to miss. Register between now and November 18 to take advantage of pre-registration rates.

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NYSAR’s exclusive partner for errors and omissions insurance, Pearl Insurance, offers you comprehensive and affordable coverage customized to fit your needs. Plus, with lower rates in 2011 and new coverage enhancements like open house coverage and public relations advisory services, there’s never been a better time to look to Pearl for your E&O coverage. For more details or a quote, visit www.pearlinsurance.com/nysar or call 800.289.8170.

To kick off the 2012 fundraising year, RPAC will once again be hosting the VIP Lounge at the Triple Play Convention & Trade Expo in Atlantic City on Wednesday, December 7, featuring food, beverages, laptops, printers, cell phone chargers, newspapers, shoe shine, chair massage and happy hour!

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The October RPAC silent auction item is a "come back with a warrant" door mat. Bids must be placed by October 31, at 11:59 p.m.

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