E-News

New York State February 2012 home sales increased by 9.6 percent from February 2011, despite falling back slightly from January, according to preliminary single-family sales data accumulated by the New York State Association of REALTORS. The statewide median sales price increased by more than six percent from January.

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In its U.S. Foreclosure Market Report for February 2012, RealtyTrac Inc. reported New York State had 1,761 total foreclosures, an increase of 5.32 percent from January, but a decrease of 35.85 percent from February 2011. New York State ranked number 46 of all 50 states for monthly total foreclosure filing in February.

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REALTOR University launched its first Master of Real Estate course, Real Estate Law (RE520). NYSAR Real Estate Services, Inc. is funding a REALTOR University scholarship for an accepted NYSAR member who lives and works in New York State.

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The Legislature and Gov. Andrew Cuomo have continued to negotiate a $132 billion state budget with an April 1 deadline. The final budget will include a higher income tax on millionaires, which, according to the governor’s office, will pay for a tax cut of $200 to $400 for most middle-income families.

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Four Assembly seats and one Senate seat were up for special elections last week.

Click here to read the entire Government Affairs Weekly Report. 

The Tuesday, April 3, NYSAR Radio show with special guest NYSAR Vice President of Board & Member Services Patrick Reilly, will cover the Code of Ethics as well as the mediation and arbitration processes. Tune in at 10 a.m. next Tuesday by clicking here.

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The March/April issue of New York State REALTOR magazine has hit the mail and should be in your mailbox shortly, if not already. This issue features legal information, listing information and a profile of the typical New York State homebuyer and seller.

REALTOR Institute 403 – "Financing to Increase Homeownership" – will be offered April 2 at the Hudson Gateway Association of REALTORS in White Plains, NY. This course shows you how to research products, qualify buyers and explain the best financing options for your clients.

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REALTOR Institute 404 – "Serving Real Estate Investors" – will be offered April 3 at the Hudson Gateway Association of REALTORS in West Nyack, NY. This course will show you how to complete financial calculations, explain concepts used in evaluating real estate as an investment, and help clients negotiate, purchase, finance, manage and sell commercial and/or investment property.

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Your NYSAR membership means you have a choice when it comes to your auto and homeowners insurance. Plus, by bundling your auto and homeowners insurance, you can save up to 30 percent a year.

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"The Great Moving Adventure" DVD, a part of World Class Coaches Moving Families Initiative, is designed to help you ease the fears of children being relocated by their families and to meet the special needs of this market. Your NYSAR membership provides you with a 15-percent discount at checkout.

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The March RPAC silent auction item is a Microsystem for iPod & iPhone. Bids must be placed by March 30, at 11:59 p.m.

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On behalf of NYSAR’s 48,000 members, RPAC of New York thanks those REALTORS who made an investment of at least $250 this past week.

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Celebrate the 40th anniversary of RPAC of NY by investing $40 in a limited edition anniversary pin.

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