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MAR E-News

 

 

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Access MAR news, updates, event information and connect with peers by finding MAR on the web. From Facebook to YouTube, MAR is extending its' reach to members, and wants to connect with you today!

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September MAR Vodcast

The September MAR Vodcast features the following topics: PRE Proration, Foreclosure Legislation, Convention.

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Event Buzz

MAR Director Elections – Online Voting Closes September 29

Remember to vote in the MAR 2012 online director elections. Online voting polls close this Thursday, September 29th REALTORS® (based on home address) in Congressional districts 2, 3, 5, 7, 8, 10, 12 and 13 have the opportunity to vote for their MAR director, who will serve as a representative on the MAR board of directors. This is a One REALTOR One Vote election. Plurality wins.

Vote now

For more Upcoming Statewide Events, visit the MAR Website

 

In this issue:

Don’t Forget to Stop by the RPAC Silent Auction During Convention! 

Lawrence Yun: A Return to “Normal” Underwriting Standards Would Spur Sales

On-site Registration available for 2011 MAR Convention & Expo 

August Existing-Home Sales Rise Despite Headwinds, Up Strongly from a Year Ago

Legal Lines 

Fair Housing Advocate and REALTOR® Friend John Obee Awarded 2011 Fair Housing Leadership Award 

MAR Edge: Save on Shipping with UPS 

 
 

Don’t Forget to Stop by the RPAC Silent Auction During Convention

One of the biggest highlights each year during the MAR Convention and Expo is the RPAC Silent Auction. Local REALTOR® associations from around Michigan generously contribute items and gift baskets to the exciting event which grabs the attention of everyone who attends!  This year’s RPAC Silent Auction will take place all day during convention on Thursday, September 29th starting at 11:30am, with staggered closing times beginning at 5:30pm. Click the link below for a list of auction items to date.

RPAC Silent Auction Items

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Lawrence Yun: A Return to “Normal” Underwriting Standards Would Spur Sales

By: Lisa Weatherford

Michigan Association of REALTORS® members already know the results of our slow economic recovery - tepid real estate sales. But the reasons for this predicament are many and interrelated, said Lawrence Yun, Chief Economist for NAR, at a recent presentation to local and state association leaders from across the country.

Yun cites “overly stringent underwriting standards” and Washington policy as primary sales inhibitors. “As much as the housing market is typically stimulated during periods of low interest, it is actually not a good signal that the Federal Reserve indicates they would not raise interest rates until 2013”, commented Yun, adding conditions will improve if “Washington doesn’t mess with real estate.”

According to Yun, although markets are still struggling and consumer confidence remains low, there are reasons to hope home sales can soon begin to recover. Among these drivers are a slight increase in additional jobs, as well as all-time high affordability and historic low interest rates. Yun looks at historical actions that helped and hindered as well as best and worst markets and current policy decisions.

This valuable economic update zeros in on the factors that define the state of the real estate market: what impacts the Federal Reserve can really have, how rising rental rates affect home prices, the outlook for small business growth, and other critical economic indicators. Agents and brokers alike will not want to miss this opportunity to stay up to date on the latest market analysis for their own use, as well as to better assist clients with long- and short-term planning and development.

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On-site Registration available for 2011 MAR Convention & Expo

Pre-registration for this year's MAR Convention & Expo has ended. The Convention is being held on September 28-30 at the at the Amway Grand & DeVos Place.

Walk-in registrations will be taken at the MAR Registration Desk, located on the second floor Center Concourse, Amway Grand, Wednesday, September 28 at 10 a.m. and Thursday, September 29 at 7:15 a.m.

Visit MAR's Convention & Expo Web Site

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August Existing-Home Sales Rise Despite Headwinds, Up Strongly from a Year Ago

Realtor.org

Existing-home sales increased in August, even with ongoing tight credit and appraisal problems, along with regional disruptions created by Hurricane Irene, according to the National Association of Realtors®. Monthly gains were seen in all regions. Total existing-home sales1, which are completed transactions that include single-family, townhomes, condominiums and co-ops, rose 7.7 percent to a seasonally adjusted annual rate of 5.03 million in August from an upwardly revised 4.67 million in July, and are 18.6 percent higher than the 4.24 million unit level in August 2010.

Read more

Click here for August MAR Housing Statistics

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Legal Lines

With the help of McClelland & Anderson, we are taking the most recently asked questions from our legal hotline and putting them in E-news. We will be featuring a different question each issue.

QUESTION: My Sellers are having a difficult time selling their home.  They have asked whether they can sell their property by having a raffle. Is this legal?

ANSWER: According to the Michigan lottery statute, only certain nonprofit organizations are eligible for a license to conduct bingos, millionaire parties, and raffles, and to sell charity game tickets. 

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Fair Housing Advocate and REALTOR® Friend John Obee Awarded 2011 Fair Housing Leadership Award

By: Lisa Weatherford

Detroit attorney and fair housing advocate, John Obee, is the recipient of the 2011 Fair Housing Leadership Award, presented by the Fair Housing Center of Metropolitan Detroit (FHCMD). Obee was honored by REALTORS®, REALTOR® Association executives and friends at the 14th Fair Housing Leadership Award reception, held September 21st at the beautiful Charfoos & Christensen law firm in the renovated historic Hecker-Smiley Mansion on Woodward Avenue in Detroit.

The beautiful surroundings were the perfect backdrop for an evening of celebration honoring Obee.  Beth Foley, MAR President-Elect, traveled from west Michigan for the event stating, “John is an incredible force for fair housing in Michigan, educating and supporting real estate professionals year after year. We are all very grateful for his dedication and we are proud to help him celebrate this honor.”

Obee has served as a FHCMD Cooperative Attorney and a member of the organization’s Board of Directors for almost two decades. He is a nationally recognized and sought-after real estate fair housing educator, presenting to national, state and local associations of realtors. Real estate brokers, as well as lawyers representing both plaintiffs and defendants in housing discrimination lawsuits, have benefited from his legal and fair housing skills and experience.

The Association was once again a proud Bronze Event Sponsor, emphasizing its commitment to ensuring Realtor members understand and uphold fair housing laws. MAR provides a number of resources on its Web site for brokers and members to use to ensure they are doing everything they can to ensure practices set and meet the highest standards.

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Save on Shipping with UPS

As an Michigan Association of REALTORS® member, your UPS rates have just gotten better. Through our partnership with UPS, you have exclusive access to the UPS Savings Program which provides great discounts on UPS domestic air and international services.

Enroll now to get the improved discount rate of up to 28 percent on these services.

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Michigan Association of REALTORS
http://www.mirealtors.com/
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