Volume 6, Issue 8: March 28, 2013
Commercial Lien Passes the Delaware Senate! Thank you to all of our members who took the time to email their State Senator to voice their support of HB 29, AN ACT TO AMEND TITLE 25 OF THE DELAWARE CODE RELATING TO PROPERTY AND COMMERCIAL REAL ESTATE BROKER'S LIENS, or the "Commercial Lien Bill." Click HERE to read HB 29.
Today, HB 29 passed out of the Delaware Senate on a unanimous vote! Now it's on to the Governor for his signature.
You can call or email Governor Markell to tell him that you support HB 29 by clicking HERE.
The General Assembly Goes on Break: The Delaware General Assembly will be on break until April 16th.
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Federal News In Case You Missed It:
Pending Sales Dip on Inventory Constraints: Pending home sales flattened in February as inventory shortages remained an issue, but contract signings remained at the second highest level in nearly three years, NAR says. The forward-looking indicator slipped 0.4 percent to 104.8 in February from a downwardly revised 105.2 in January. More.
Home Sales Continue to Rise in February: February existing-home sales and prices affirm a healthy recovery is underway in the housing sector, NAR says. Sales have been above year-ago levels for 20 consecutive months, while prices show 12 consecutive months of year-over-year increases. Video and press release.
Study: Proximity to Transit Protects Home Values: Values performed 42 percent better on average during the last recession for residential properties located near public transportation with high-frequency service, data from NAR and the American Public Transportation Association shows. More.
Rural Housing Eligibility Extended: Congress protected 900 rural communities from losing eligibility for affordable Rural Housing Service loans by extending the definition of rural communities. The communities were at risk of losing eligibility because of changing population since the last 10-year Census. The extended definition is part of the big continuing resolution Congress passed to keep the government funded in the absence of a budget. NAR has been championing the rural community definition for some time. For more info contact Megan Booth, 202/383-1222 or Sarah C. Young, 202/383-1123.
Groups Work to Reduce e-Signature Snags: NAR Vice President Leslie Rouda Smith in a blog post talks about efforts to get e-signatures used more widely.