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MAAR Office Closed on Monday, October 10 The MAAR office will be closed on Columbus Day—not so much to honor Christopher Columbus but to allow staff to participate in a mandatory, full-day, team-building and skill-learning session. The Minnesota Association of REALTORS® will remain open. The Weekly Market Activity Report and enotes will be delayed one day due to the office closure. We'll talk to you again on Tuesday, October 11. |
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New Listings: Sellers posted their smallest decline in newly listed homes in three months. The 1,320 new properties were 4.8 percent fewer than the same week last year. What's causing the shift? New listings dropped at this time last year while current levels held fairly even with last week. Active Supply: The 22.6 percent year-over-year drop in inventory levels broke last week's all-time record. Those shopping for homes will choose from 23,351 properties as opposed to the 30,178 properties at this time last year. Buyer Demand: The 2010 and 2011 sales trendlines continue to mimic one another, with one important exception. This year's trendline is, on average, 260 sales greater than last year's levels over the past few months. The Verdict: Falling supply and relatively strong sales volumes should theoretically bolster prices. Again, there's a notable exception: economic uncertainty and squeezed household budgets are all the motivation many buyers need to hunt for bargains – including lower-priced traditional properties as well as great opportunities in the lender-mediated housing segment. VIEW FULL REPORT | VIEW MORE RESEARCH REPORTS
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Membership Benefits | Communications
You will receive our award-winning enewsletter every Monday, chock full of simple, reliable and informative weekly notes pertinent to your real estate business, including current statistics, classes, policy news and networking opportunities. We also operate an award-winning blog called The Skinny where we sometimes let our hair down a little bit. Stay current and connected to your industry. Let’s keep the conversation open.
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REALTOR® Safety | What Are You Worth?
Date and Time: October 7, 9:00 a.m. – Noon
Date: October 26
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Last week, Redfin released the Agent Scouting report to its website. It allows users to view complete sales and performance histories for every agent in the markets in which Redfin operates. | MORE INFO Source: 1000WATT Consulting
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Stable Trend Continues Twin Cities Residential Construction
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109 Ways to Make Your Business Irresistible to the Media
You might see your competitors spouting a diatribe that you know for a fact is wrong, or that you could explain better. Source: Copyblogger
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REALTOR® Community Service Awards Each year, MAAR recognizes REALTOR® members for their extraordinary contributions to their community through volunteer work. Please take a moment to share those REALTORS® with us so we may honor them at our annual Leadership Installation reception. For more information, contact Linda Stoeckicht at lindas@mplsrealtor.com. To make a recommendation, please include the name(s) and a brief description of their community involvement in your email. Application deadline is October 15.
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New Solutions for America's Housing Crisis, October 4 The National Association of REALTORS® has been working with two policy organizations, the Progressive Policy Institute and E21: Economic Solutions for the 21st Century, which are hosting a national housing conference in Washington DC. The purpose of the “New Solutions for America’s Housing Crisis” conference is to elevate housing as a critical piece of the national debate on economic recovery and to highlight innovative proposals that stabilize the housing market. NAR President Ron Phipps and Chief Economist Lawrence Yun will be featured panelists at the day-long event. Key members of Congress and Obama administration officials are slated to participate as well. Date and Time: October 4, 7:30 a.m. – 1:30 p.m.
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Quarter Century Recognition Reception, October 6
Date and Time: October 6, 1:00 p.m. – 3:00 p.m. Location: Sofitel Minneapolis La Fougasse Salon, 5601 W 78 St, Bloomington Words from leadership, Quarter Century and REALTOR® Emeritus induction ceremony will begin at 1:30 p.m. For more information, contact Linda Stoeckicht at lindas@mplsrealtor.com or 952.988.3157.
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Hopkins: City Council Candidate Forum, October 6
Date and Time: October 6, 7:00 p.m. Source: City of Hopkins
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Appraiser Quarterly Support Meeting, October 11 This quarter we are discussing websites and Apps that will help support and streamline your business. Joining us will be staff from MAAR and NorthstarMLS. We will also be looking for you to share sites and Apps that work for you. This is a member benefit and free of charge. Topic: Apps and websites to support your appraisal business. For more information, contact Linda Stoeckicht at lindas@mplsrealtor.com.
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Broker Support Meeting, October 14
Topic: NorthstarMLS For more information, contact Linda Stoeckicht at lindas@mplsrealtor.com.
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Bloomington: Meet the Candidates Date and Time: October 20, 7:30 a.m. – 9:30 a.m. Source: Bloomington Chamber of Commerce
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Demo: Cloud CMA for REALTORS®, October 21 Cloud CMA leverages multiple data sources and custom MLS reports for buyers and sellers.This interactive demo covers the creation of a winning CMA and custom reports for your buyers. | VIDEO
For more information, contact Damon Alton at
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New Broker Workshop, October 27–28
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! Here is what a seasoned broker had to say:
Date and Time: October 27–28, 8:00 a.m. – 5:00 p.m. You don’t need to be a new broker to attend this class. For more information, contact Linda Stoeckicht at lindas@mplsrealtor.com.
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REALTORS® Conference and Expo, November 11–14 Six Weeks Left Until Anaheim!
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Have a question for our President or President-Elect? Contact Brad Fisher, President at bradf@mplsrealtor.com or Cari Linn, President-Elect at caril@mplsrealtor.com.
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