Existing-home sales sprang ahead in May to their highest pace in almost a decade, while the uptick in demand amidst lagging supply levels pushed the median sales price to an all-time high, according to the National Association of REALTORS. All major regions except for the Midwest saw strong sales increases last month.Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, grew 1.8 percent to a seasonally adjusted annual rate of 5.53 million in May from a downwardly revised 5.43 million in April. With last month's gain, sales are now up 4.5 percent from May 2015 (5.29 million) and are at their highest annual pace since February 2007 (5.79 million). Learn more here.
NYSAR committee sign up is now available online until July 31. Members may select up to seven of the more than 25 NYSAR committees available in 2017 – three termed/closed committees and four open committees/forums/working groups. Volunteers are asked to be sure they will be able to attend the association’s 2017 business meetings, which are Feb. 5-9 in Albany and Sept. 24-27 in Verona, before committing to serve. Click here to sign up today!
Your free agent profile on realtor.com can help you make a strong impression with consumers and build your business. The profile allows you to display active listings and recent sales along with client recommendations, your designations and your experience. Plus, these profiles are now promoting you in the Find a REALTOR tool at NYSAR.com. Visit www.realtor.com/agentprofile today to claim your free profile!
The New York State Real Estate Education Foundation provides scholarships to eligible REALTORS who qualify, but you must act now - the submission deadline is July 31. Visit NYSREEF.org today for all the details on how to earn a scholarship to use this fall.
Tell the U.S. Senate to support H.R. 3700, which would remove a burdensome and expensive FHA Condo approval process, reduce FHA restrictions on the number of condos available to homebuyers, and permanently streamline the processing of loans under the Rural Housing Service.
Congressional Primaries were held on Tuesday, June 28.
Anne Throne-Holst has a 29 vote lead over David Calone for the Democratic nomination in the 1st Congressional District. The winner will face first-term Republican Rep. Lee Zeldin.
Tom Suozzi won the Democratic nomination and will face Republican Jack Martins to replace Rep. Steve Israel in the 3rd Congressional District.
Adriano Espaillat declared victory and the Democratic nomination over a crowded field of candidates, including Keith Wright, to replace outgoing Rep. Charles Rangel in the 13th district.
D. Phil Oliva won the Republican nomination and will face Democrat Rep. Sean Patrick Maloney in the 18th district.
In the 19th Congressional District, John Fasso defeated Andrew Heaney for the Republican nomination. Zephyr Teachout defeated Will Yandik for the Democratic nomination, setting the matchup against Fasso in the fall to replace Rep. Chris Gibson.
Caudia Tenney won the Republican nomination and will face Democrat Kim Myers to replace Rep. Richard Hanna in the 22nd district.
Colleen Deacon won the Democratic nomination and will face first-term Republican Rep. John Katko in the 24th district.
On June 22, NAR, along with 24 other organizations, sent a letter to Federal Housing Finance Agency Director Mel Watt urging him to eliminate or reduce loan level price adjustments (LLPAs) by Fannie Mae and Freddie Mac. This was an outstanding joint effort by consumer and industry groups, many of whom continue to collaborate on broader housing finance reform. The coalition raised concerns with the GSEs double-charging consumers for assumed credit losses and capital levels that are already being assumed by existing g-fees and private mortgage insurance coverage. More on this can be found here.
The Tuesday, July 19, NYSAR Radio show will cover disclosures other than agency. Tune in at 10 a.m. on July 19 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.
Polish your leadership skills, raise your profile and gain valuable experience by being a part of the 2017 NYSAR Leadership Academy! The objective of NYSAR’s Leadership Academy is to discover, educate and empower future leaders. Graduates come away with life-long friendships, a strong referral network and a real sense of accomplishment. Any full-time NYSAR REALTOR member in good standing, who has been in the business for at least three years as of Jan. 1, 2016,should consider applying. Click here for a flyer with more information. Click here to download an application. Applications must be submitted by Monday, Aug. 1, 2016 at 5 p.m.
The Graduate REALTOR Institute GRI-3 Agency course will be offered Aug. 3 at the Staten Island Board of REALTORS office in Staten Island, NY. Learn to provide effective, legal and ethical client representation. This course provides in-depth coverage of all forms of agency representation, associated issues and proper disclosure.Learn 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.
The Graduate REALTOR Institute GRI-7 Property course will be offered Aug. 10 at the Staten Island Board of REALTORS office in Staten Island, NY. Learn about all the factors impacting value and close more deals. Discover myriad elements that affect property value including:types of housing; appraisals and inspections; neighborhoods and amenities; energy efficiency and environmental issues; lender requirements; and more.
Register online today or call 800-239-4432 x219. Click here for more information.
The Seniors Real Estate Specialist (SRES) course will be offered Aug. 17 -18 at the Long Island REALTOR Service Center in Riverhead, NY. Learn to specialize in the 50+ real estate market by expanding your knowledge of: current lifestyle and housing trends; how life stages impact real estate choices; and how to develop a network of resources.
Register online today or call 800-239-4432 x219. Click here for more information.
NYSAR Member Perks partner Mailify is an email marketing software application that helps you create, send and track beautiful and effective email campaigns and newsletters. With mobile-responsive email templates specifically designed for real estate, live personal support and the best deliverability in the industry, Mailify will take your email marketing to the next level. Brokers can even set up a master account and give agents access to shared credits and templates. NYSAR members save 20 percent and your first 5,000 email credits are free with member code "NYSAR." Click here for more information.
NYSAR's partnership with UPS gives you access to exclusive shipping discounts – up to 30 percent! Enroll today to start saving on every package you send. Visit www.savewithups.com/nysar or call 800-325-7000 to enroll.
After a spirited bidding war for the June RPAC Auction item, John Gerace from Greater Rochester submitted the high bid of $1,000 for the Coach bag. Thank you John for your commitment to RPAC at the Crystal R level ($2,500)! Stay tuned for the July RPAC Auction item to be announced in the days ahead.
The Hudson Gateway Association of REALTORS and RPAC scored another homerun at the New York Yankees RPAC fundraiser by raising $6,300! The second annual event featured a two-hour, pre-game barbecue on the rooftop deck, followed by the exciting game between the Yankees and the Texas Rangers. Thank you to everyone who participated in the event and invested in RPAC!
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