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For the week ending February 26, home purchase activity in the Twin Cities diverged further away from last year's tax-credit-inspired market. There were 606 purchase agreements signed during the week, which made for a 30.2 percent decline from year-ago levels. On average, over the past three months, Twin Citizens made a less-distorted 9.5 percent fewer home purchases than they did during the same three-month period in 2010. On the supply side, sellers brought 1,238 new homes onto the market, or 27.8 percent fewer than the same week last year. The three-month average pace of listing activity was 16.1 percent slower than it was last year. Both the 2011 and 2010 inventory levels have begun to climb at this time of year, which is normal. Sellers were more likely to list their home at this time last year knowing that credit-motivated buyers were more determined to purchase. It seems as though sellers wanted to ensure their property appeared in preliminary MLS queries while buyers continued to shop around for the best value up until the deadline. VIEW FULL REPORT | VIEW MORE RESEARCH REPORTS
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Hold On Your MAAR Member Number Thank you for taking extra steps to change the MLS login number to your NRDS number. Don't put away your MAAR member number just yet. For the time being, you will need it to sign on to the MAAR website to pay bills, register for classes and events and change contact information. We know that two usernames is a bummer. We will be providing you with a better solution to log onto our website in the near future. | MORE INFO If you have any questions, contact NorthstarMLS at help@northstarmls.com. |
Education: Earn Credits Towards CRPM Designation
The most cost-effective way to preserve residential properties is through Date and Time: March 17 – 18, 9:00 a.m. – 4:00 p.m.
The March issue of The Source has arrived. Learn Search all CLASSES (month at a glance).
Receive a 17% discount Promo Code: MARCH11 Offer expires March 31
Get your career off the ground Date: March 28 – 29
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Did you become a member of the National Association of REALTORS® (NAR) in 1971 and have been a member for a cumulative period of 40 years in one or more associations? If yes, you may be eligible for the prestigious REALTOR® Emeritus status. Applications must be submitted by Minneapolis Area Association of REALTORS® to NAR prior to April 1, 2011 for 2012 REALTOR® Emeritus status. If you believe that you are eligible, please contact Linda Stoeckicht at lindas@mplsrealtor.com.
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Need New Material? 5 Articles For Seller Clients
Source: National Association of REALTORS®
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Each year, five winners are selected to receive $10,000 grants for their charities as well as national publicity to help their cause. | MORE INFO Source: REALTOR® Magazine, National Association of REALTORS®
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Temp Budget Nears: Shutdown Risk Looms While it appears Congress will pass a short-term continuing resolution this week, the National Association of REALTORS® (NAR) is still preparing for the possibility of a shutdown at a later date. A shutdown of nonessential federal government functions could occur if Congress does not act on a longer term budget resolution prior to expiration of the current resolution, which maintains operations at current levels until March 18. If a future shutdown is imminent, NAR will inform members on the potential impact on programs of concern. | MORE INFO Source: National Association of REALTORS®
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Member Resource Benefit: MAAR Will Come to You Have MAAR present at your next office sales meeting. It’s easy. We have a crew that will touch on interesting topics that will help you stay fresh in the real estate sphere, locally and nationally. Choose your topic and suggest a visit date—that’s it. Most of the presentations are free unless it includes CE. Topics:
This presentation highlights local and national real estate trends and what consumers want from their REALTOR®. Free with no CE or a small fee with 1 CE
To schedule a MAAR visit, contact Donnie Brown at donnieb@mplsrealtor.com or call 952.988.3133.
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Agents in Minnesota Say Keep Your Hands Off Their Tweets This story focuses on rules regarding the use of Twitter for agents in Minnesota. MAAR is communicating with the Department of Commerce and will continue to keep you in the loop on any developments. | ARTICLE If you have any questions, please contact us at info@mplsrealtor.com.
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In Memoriam | Donald Oudekerk, REALTOR® Donald Henry Oudekerk, REALTOR® passed away on March 5, 2011. | READ MORE Source: The Peterson Chapel
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MLS 2011 Second Quarter Statements Are Out
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Parade of Homes Spring Preview, March 7 – April 3
Dates and Time: March 7 – April 3, noon – 6:00 p.m.
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Broker Support Meeting, March 11
They will also share actual claims and how to prevent such instances from occurring within your company. Date and Time: March 11, 9:30 a.m. – 11:00 a.m. Our broker meetings are a member benefit and free to all MAAR brokers and managers.
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City of Lakes Community Land Trust’s Date and Time: March 12, 7:00 p.m. – 11:00 p.m. Source: City of Lake Community Land Trust
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Real Estate Tech Tank (RETT), March 22
Noted real estate trends and technology watchdog and MAAR 2011 Broker Summit keynote speaker, Stefan Swanepoel, recently released his 2011 Trends Report. This report has consistently predicted and influenced many topics in the real estate industry. many realities, real world use among REALTORS® and brokerages nationwide. How does his 2011 trends include: Homeownership Under Fire, The Cloud, Business Diversification and Consolidation. We'll discuss these topics in this month's RETT and get you prepped for the 2011 Broker Summit at the same time! | Facebook.com/rettmpls | Twitter: #rett
Topic: Swanepoel Trends Talk at RETT If you would like more information on RETT, contact Linda Stoeckicht at lindas@mplsrealtor.com.
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Legislative Impact Day, March 23
National YPN RPAC Week is March 14 – 18. Stop by the Yo Pro booth at LID to learn more. | VIDEO Follow the LID Conversation on Twitter | #LID11
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Does the Real Estate Market Have You in a Free Fall?, March 23 Event The current trends in the real estate market can leave you feeling like you're plummeting toward earth at break- neck speed. Real Estate Home Pages keeps up with the trends and gives you the resources and tools you need to make a safe landing in the current real estate landscape. | REGISTRATION
Event: Real Estate Homepages.com Website and Marketing Seminar
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New Broker Workshop, March 24 – 25
In this 2-day course, you will gain – valuable knowledge on all aspects of managing a real estate business from strategic planning to reducing risk to what makes a great leader. After this class, you will walk away with a course of action! Date and Time: March 24–25 or May 18–19, 8:00 a.m. – 5:00 p.m.
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New Member Tech Tank, March 24 MAAR offers a new monthly program for new members. It is a casual, non-intimidating setting for new REALTORS® to learn how to incorporate MAAR programs and products into your everyday business. Event: New Member Tech Tank
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Webinar | GSE Reform: The Issues That Will Impact Your Business , March 31 Webinar NAR analyst, Tony Hutchinson, explains how the federal government might reform the government sponsored enterprises Fannie Mae, Freddie Mac and the Federal Home Loan Banks. | REGISTER
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Member Appreciation Week, Watch for Registration Details, April 4 – 8
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Broker Summit: Open to All Members, April 6 | 4.5 Credits
Brokers are encouraged to invite their agents to attend this exclusive event. Imagine the impact of both brokers and agents hearing the same trend messaging in the same room. | FLYER | REGISTRATION FORM
Date: April 6 If you would like more information on the broker summit, contact Linda Stoeckicht at lindas@mplsrealtor.com. Sponsor This Event For more information, contact Erin Milburn at erinm@mplsrealtor.com.
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Event: Agent Reboot
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Feature:
This is a FREE day for you to network, listen, learn and voice your concerns as we bring the legislators to you this year!
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