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As the weeks following the tax credit expiration unfold, buyer demand continues to slow. The 600 purchase agreements signed for the week ending May 29 were 34.6 percent below the previous year—the fourth consecutive week of year-over-year decline in Pending Sales. Refreshed supply is also in decline, as New Listings posted a fifth consecutive week of year-over-year decline, landing at 1,474 for the most recent reporting week—a 5.9 percent decrease from a year ago. Two other metrics for this week: Days on Market – This stat continues its year-over-year downward trend, resting at 118 days for May 2010. Percentage of Original List Price Received – This continues to grow, up 2.8 percent above last year at this time to 94.1 percent of the list price. VIEW FULL REPORT | VIEW MORE RESEARCH REPORTS |
Education and Professional Development For Members Renewing Licenses June 2010
You must disable your pop-up blocker to view reports (view instructions here). Do not use your browser's back button or all your data will be lost. You will need to enter your last name, license number and social security number. If you do not know your license number, return to "Search Inquiry Services" and click on "Search Licensees" to find and verify a person or entity that is licensed. Upcoming EPD CE Opportunities in June!
Please go to the EPD HOME PAGE for more information about how to register for classes through our website and how to obtain a 2010 unlimited CE pass. For all your education needs, call us at 952.908.2602. |
The REALTOR® – Summer 2010 Issue
The print magazine is being printed, but why wait? Do you know that most news headlines you see in print these days are released on the Internet first? And not just little trade publications like this one. We're talking major newspapers and magazines. How much longer is it going to take us to abandon print—as an association, as an industry, as a society? It's just around the corner, folks. Notice: If you're already done with print, send a message to notice@mplsrealtor.com that says "no print magazine" in the subject line, and we'll take care of you.
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Appraisers Section Added to MAAR Website! We've added a section to the MAAR website that is dedicated to articles, links and additional resources meant entirely for appraisers. We encourage you to have a look. We will be adding more content, but who's to say that the content we add won't be something that you suggested? So let us know if we're missing something that is already key to your appraisal business. | CHECK IT OUT NOW Here is an example of the kind of content we'll be producing on the site (as well as in enotes):
Public Hearing on Future Real Property Appraiser Qualification Criteria (AQB) To facilitate the development of future changes to the Real Property Appraiser Qualification Criteria, the AQB will hold a Public Hearing on Future Real Property Appraiser Qualification Criteria. The Hearing will consist of the following five panels that will provide testimony to the AQB:
Following the panel testimony, the AQB will open the meeting to comment from the public. The public is welcome and encouraged to attend. The AQB views this hearing as the beginning of a multi-year process. After thorough exposure of proposed changes to the criteria, any changes will likely not become effective until 2014 or 2015. Individuals who wish to address the AQB are asked to submit a written request to the Chair outlining the topic(s) to be addressed. These requests should be forwarded to The Appraisal Foundation, via email to magdalene@appraisalfoundation.org or fax to 202.347.7727 to the attention of the AQB. |
HouseLogic – Free Content for Marketing Efforts
Source: National Association of REALTORS®
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Effective April 1, 2010, MAAR implemented Direct Agent MLS billing. Agents with access to the MLS are now responsible for paying their individual MLS bill directly to MAAR.
June 1, 2010 | MLS service for offices with agents who still have outstanding April 1 MLS fees were suspended. Brokers will receive an email summary statement with notice of office termination if suspension status is not resolved by June 30. July 1, 2010 | Rinse and Repeat. MLS billing cycle is repeated for third quarter (July, August, and September) MLS fees. We Need Correct Email Addresses for Agents!
If you have questions about Direct Agent Billing, email accounting@mplsrealtor.com or call 952.933.9020. Or you can view a detailed policy statement here. |
May 2010 Issue of Real Estate Insights
Real Estate Insights: Web version | PDF version Source: National Association of REALTORS® |
Downpayment & Affordable Mortgage Training – June 10
As Minnesota begins to recover from the recent foreclosure crisis, municipalities, lenders, nonprofits and others have developed programs designed to promote homeownership. This proliferation of programs has led to confusion among industry professionals as they attempt to keep current on optimum opportunities for their clients. | REGISTER FOR EVENT Source: MN HOC |
Broker Support Meeting – Friday, June 11
Events are free and at MAAR unless otherwise noted. Register for the in-person session with Linda Stoeckicht at 952.988.3157 or lindas@mplsrealtor.com.
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"Buying Into the City" Home Tour – June 13
The June 13 home tour will focus on the Northeast Minneapolis neighborhoods of Sheridan, Logan Park, NE Park, Beltrami, Windom Park, Holland, Bottineau, Marshall Terrace and Audubon Park. The organizers are looking for listings in the above-referenced neighborhoods, at a variety of price points maxing out at $275,000. Listing agents or their designee must be available to keep the house open from noon – 3 p.m. on the Sunday of the tour. The tour begins with an 11 a.m. – 1 p.m. open house at Rogue Buddha Gallery where participants will pick up tour maps, meet with neighborhood organizations and get information about city homebuyer programs. Then they are free to tour homes at their own pace from noon – 3 p.m. If you are interested in featuring a listing, please contact Mary Kay Bailey of LiveMSP at marykay_bailey@yahoo.com and provide a link to the listing with photos. Source: LiveMSP |
Next RSA Lunch n' Learn – Monday, June 14
Date: Monday, June 14
Lunch will be served. Please let us know if you would like a vegetarian meal at time of RSVP and please do RSVP by Thursday, June 10, to 952.908.2602.
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Going Global with Italian Cuisine – Wednesday, June 16
What better way to learn about another country's culture and traditions then by its cuisine? Join us for a taste of Italy with Carmela Tursi Hobbins of Carmela's Cucina as she demonstrates authentic Italian cuisine. In addition to enjoying a delicious meal, we will have Italian wine tasting and get the dish on Italy's real estate market. Cost for the event is $25. Please contact Linda Stoeckicht at 952.988.3157 or lindas@mplsrealtor.com. MAAR members may also register online at www.mplsrealtor.com. Registration deadline date is June 11, 2010. |
Real Estate Tech Tank – June 17
That's RETT—Real Estate Tech Tank. If you liked the energy of Real Estate BarCamp, you'll love this! If you missed BarCamp, then here's your second chance to be part of the new dialogue.
Facebook: rettmpls | Twitter: #rett
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Bring Workers Home: Regional Forum and Class on Workforce Housing
July 12 & 13 (attend one or both days) NAR is offering a stipend for traveling expenses (that won't cover a trip to Honolulu, sorry). CLICK HERE for specifics on how to go about obtaining the $250 stipend. There are several conditions, none of which are difficult but you will need to follow specific instructions. Day 1 – Regional Forum: Workforce housing challenges and practices in Minnesota. Day 2 – NAR Employer-Assisted Housing (EAH) Class, 4 CE pending: Learn how to work with local employers to discuss EAH benefits and help employees become homeowners. | VIEW INFORMATIONAL FLYER |
Real Estate Connect SF 2010 – July 13–15 (now 25% off with MAAR code)
LET'S ALL GO TO SAN FRANCISCO! The hottest tech trends have a lot to do with real estate these days. And tech trends are a big portion of what Real Estate Connect SF 2010 is all about. New apps...the best speakers...2,000 of the smartest, boldest people in real estate and technology! The world of real estate is changing...faster than ever before. Look beyond what you already think you know. After three intense and wonderful days at Connect SF, you will walk away knowing you have the upper hand on your competition. Why? Because only the best of the best come to Connect – industry experts, CEOs, CTOs, top execs, agents, brokers, marketing pros, journalists, entrepreneurs and investors. Better your marketing impact, raise your business game, see what's next. It's a solid, proven real estate industry/insider event. As an added bonus, our very own MAAR CEO, Mark Allen, has accepted an invitation as a featured speaker at Real Estate Connect SF for the second year in a row. This time he'll be speaking on a panel with other industry thought leaders about who you should consider hiring for your progressive real estate business. Accelerate change today. Connect SF is a "don't miss" event. | MORE INFORMATION |
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