The
New York State housing market started the new year on a strong note as closed
sales jumped more than 13 percent compared to January 2015 to reach 7,640,
according to the housing market report released by the New York State
Association of REALTORS (NYSAR). The January 2016 statewide median sales price
remained unchanged compared to a year ago. Learn more here.
Existing-home
sales crept forward in January to the highest annual rate in six months, and
subpar supply levels propelled price growth to the fastest increase since last
April, according to the National Association of REALTORS (NAR). January
existing-home sales in the Northeast increased 2.7 percent to an annual rate of
760,000, and are now 20.6 percent above a year ago. Learn more here.
In
its Weekly Mortgage Applications Survey for the week ending Feb. 19, 2016, the
Mortgage Bankers Association (MBA) reported that the volume of mortgage loan
applications fell 4.3 percent on a seasonally adjusted basis from one year
earlier. The Refinance Index also decreased, falling 8 percent from the
previous week, while the Purchase Index rose 2 percent. To read the entire MBA
press release, click
here.
POLITICO New York reported
that Mayor Bill de Blasio’s administration came out against a series of City
Council bills aimed at stopping landlords from harassing tenants. One of the
four bills, sponsored by Councilman Brad Lander, would require developers to
obtain a "certificate of no harassment" before doing any construction or
demolition to their properties. Learn more here.
State
Comptroller Thomas DiNapoli released his executive budget report providing
information and analysis of Gov. Andrew Cuomo's proposals, which can be found
here. The state Senate and Assembly also released their respective economic and revenue reports. The Assembly report can be found
here, and the Senate report can be found
here.
On Feb. 24, President Barack Obama signed into law a
trade and customs bill (H.R. 644) that includes a provision permanently banning
state and local taxes on Internet access. The provision, known as the Internet
Tax Freedom Act, has been a priority for the National Association of REALTORS
because of its importance to buyers and sellers of real estate. Previous to
this law, temporary Internet tax bans were being extended through legislation.
More on this legislation can be found
here.
Stay
up-to-date on NYSAR Government Affairs news and events by following us on Facebook and Twitter.
The
Tuesday, March 15, NYSAR Radio show will cover the topic of teams. Tune in at
10 a.m. on March 15 on your PC or Mac by using the player on the NYSAR Radio page. You will need to be logged in to listen. If
you have not yet created your account with the website, you will need to click
on "New User" on the Member Login page and follow the prompts. Find
more information as well as a list of links to play NYSAR Radio from any of
your mobile devices here.
Join
NYSAR and Member Perks partner Taxbot for an enlightening webinar focused on
automotive and mileage tracking including SUV/truck deductions and associated
entertainment. The webinar will also cover: the true cost of taxes; dollar
doubling; benefits of owning your own business; hiring your kids; meals; and
home office basics. The webinar will conclude with an overview of the Taxbot
mobile expense tracking app, which NYSAR members receive a 50-percent discount
on. Click here to register today.
The GRI-4 Legal course will be offered on March 22 at the
Ithaca Board of REALTORS in Ithaca, NY. Reduce your risk of claims, fines and
lawsuits. Gain a complete understanding of: advertising that is legal and
ethical; contracts, forms, deposits, disclosures and record retention; risk
management strategies; and title insurance and settlement procedures.
Register online today or call 800-239-4432 x219. Click here for more information.
The
GRI-6 Sellers course will be offered on March 23 at the Greater Capital
Association of REALTORS in Albany, NY. Represent seller clients in a way that
keeps them coming back. Get a competitive advantage with strategies to: gain
more listings; get clients priced to sell; enhance your marketing; and avoid
Fair Housing violations and safety concerns.
Register online today or call 800-239-4432
x219. Click here for more information.
The
GRI-3 Agency course will be offered on March 23 at the Greater Rochester
Association of REALTORS in Rochester, NY. Provide effective, legal and ethical
client representation. This course offers in-depth coverage of: all forms of
agency representation, associated issues and proper disclosure; and how to
avoid the risk of misrepresentation, vicarious liability and breach of
fiduciary duties.
Register online today or call 800-239-4432
x219. Click here for more information.
NYSAR's compliance partner, PossibleNOW, makes Do-Not-Call compliance
easy. With DNCQuickcheck you can instantly verify phone numbers, access
compliance training, generate reports for safe harbor defense assistance and
much more. Individual accounts pay just $10/month (a 50-percent savings) or
cover unlimited agents in one office for $100/month. To subscribe, visit www1.dncquickcheck.com or call
800.585.4888 and use member code SC1477NY.
Your NYSAR membership gives you an extra 10-percent discount at NAR's REALTOR.org store. Shop the store and take advantage of exclusive
savings on NAR's entire line of products and publications including books,
brochures, DVDs, research reports and more. To redeem your 10-percent discount,
visit www.realtor.org/store and simply enter
member code "NYSAR2" at checkout.
One
gallon of New York State-produced pure maple syrup could be yours with the
highest bid! The syrup is donated by Michael Coughlin and made by Angela Swan,
Homestead Maple Syrup, both members of the Clinton County Board of REALTORS.
The auction closes Friday, March 25. Visit the RPAC Facebook group to place a bid or contact Derick
King at dking@nysar.com or 518-463-0300 x238.
Spring
fever has prompted several local boards to leap into RPAC special event
planning! The Long Island board, along with their YPN and WCR, will be
returning to Bowlmor Lanes tomorrow for the annual Bowling for RPAC event.
Meanwhile, Hudson Gateway will kick-off their 2016 event calendar with a
twilight mixer at the Thunder Ridge Ski Area in Patterson Thursday
evening. To view the events scheduled for March, click here.
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