In its U.S. Foreclosure Market Report for the third quarter 2014,
RealtyTrac Inc. reported New York State ranked number 27 out of all 50 states for
quarterly total foreclosure filings. New York had 12,511 total foreclosure
filings in the third quarter and 4,335 of them were in the month of September.
Click here to learn more.
Builder confidence in the market for newly-built, single-family homes in
October fell five points to a level of 54 on the National Association of Home
Builders (NAHB)/Wells Fargo Housing Market Index (HMI). Builder
confidence for the Northeast remained level at 41.
Click here to learn more.
The
National Association of REALTORS announced its 2 nd Annual Online
Silent Auction to benefit the REALTORS Relief Foundation will be held November
7-9. The auction catalogue is now available at www.BiddingForGood.com/RRF. Close
to 250 items will be available to bid on during the online auction including:
an original painting of Steve Jobs by artist Erik Wahl; vacation stays in St.
Croix and St. Thomas; getaway packages to New York City and New Orleans; an
autographed guitar; electronics; and much more. One hundred percent of all
donations go directly to victims of disasters who are in need of
housing-related assistance.
Last
week, Attorney General Eric Schneiderman issued a report detailing his office’s
findings regarding widespread violations of New York law in New York City
listings appearing on the Airbnb website. The attorney general's report, Airbnb
in the City, estimates that approximately 72 percent of Airbnb reservations
over the last several years violated state law.
Click here to learn more.
Attorney
General Eric Schneiderman announced that his office has awarded $20 million to
New York State land banks as part of a second competitive round of funding to
counties, towns and cities. The awardees are as follows: Greater Syracuse Land
Bank (more than $1.9 million); the Buffalo Erie Niagara Land Bank Investment
Corporation ($2.5 million); the Rochester Land Bank (more than $1.8 million);
Newburgh Community Land Bank (more than $1.9 million); Suffolk County Land Bank
(more than $1.9 million); Chautauqua County Land Bank ($1.3 million); Capital
Region Land Bank ($3 million); Albany County Land Bank (more than $2.8 million);
Troy Community Land Bank ($1.25 million); and the Broome County Land Bank
($800,000). The funding, in addition to $13 million allocated in October of
2013, was made through the 2012 National Mortgage Settlement administered by
the attorney general. For more information, click
here.
The
New York City Council’s Committee on Housing and Buildings will hold a hearing
on Wednesday, October 29, 2014 at 10 a.m. at the 16th Floor Committee Room, 250
Broadway, New York, NY 10007 regarding Intros. 222, 289 and 433.
Click here to learn more.
Today’s
NYSAR Radio show will cover brokerage dos and don’ts. Tune
in at 10 a.m. this morning 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.
Click here for more information as well as a
list of links to play NYSAR Radio from any of your mobile devices.
Enrollment
for health insurance in 2015 will be open from November 15, 2014 to February
15, 2015. Look to NYSAR Member Perks partner USI Affinity to help you navigate
the plan options and find the coverage that best suits your needs. Remember,
you will face tax penalties if you do not obtain coverage. Also, if you miss
open enrollment, you will not be able to obtain health insurance until the next
open enrollment period unless you qualify for a special enrollment. Stay tuned
for more information regarding 2015 open enrollment or visit www.myrealtorinsurance.com/nysar.
The
Seller Representative Specialist (SRS) course will be offered October 29-30 at the
Greater Capital Association of REALTORS in Albany, NY. This course provides the
skills, training and resources you need to represent the interests of sellers
in today’s marketplace.
Click here for more information or to register.
REALTOR Institute 409 – "Equal and Ethical Service" –
will be offered October 29-30 at the Greater Binghamton Association of REALTORS
and October 30-31 at the REALTOR Service Center in Riverhead, NY. This course
fulfills the Code of Ethics training requirement for NYS license renewal.
Click here for more information or to register.
Take
advantage of NYSAR Member Perks partner Taxbot to keep more of your commissions
through tax deductions! The Taxbot mobile app offers you the ability to track
business mileage and expenses with your iPhone or Android smartphone or tablet,
and turn those expenses into IRS compliant tax deductions. Click here to learn
more.
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 http://www.savewithups.com/nysar or call 800-325-7000 to enroll.
For
the third consecutive year, New York REALTORS exceeded the RPAC fundraising
goal of $696,900 by raising a total of $752,891 or 108-percent of goal. Thank
you to the 13,990 REALTORS across the Empire State who invested in RPAC this
past year and made it possible for us to reach goal once again. New York will
be recognized as making goal during the NAR annual meetings next month in New
Orleans. Congratulations to the 29 boards that reached their fundraising goal
and the 18 boards that reached participation goals. Click here for
the 2014 final results.
In addition to reaching its 2014 fundraising goal, RPAC
of New York exceeded NAR's President’s Circle goal of 10 with 15 members or
125-percent of goal. RPAC of New York also exceeded the Major Investor goal of
125 with 127 major investors or 101-percent of goal.
The final 2014 RPAC investor recognition display
will be included in the RPAC Annual Report in New York State REALTOR magazine's January/February issue.
The
Columbia Greene Board of REALTORS held the first RPAC event of the 2015
fundraising year and raised nearly $500 for RPAC! Thank you to those attendees
who joined the wine tasting and networking event and helped jump start the 2015
fundraising year.
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