Foreclosures Post Biggest Drop on Record |
The number of foreclosure notices filed in February declined 14 percent compared with the previous month, and foreclosure notices dropped 27 percent compared to last year at this time. That marks the largest year-over-year decline that RealtyTrac, a foreclosure tracking site, has ever recorded.
The number of U.S. homes in some stage of foreclosure fell drastically last month, reaching a 36-month low, RealtyTrac reports.
Read the entire story from REALTORŪ Magazine Online Daily (and sources CNN and Associated Press) >> |
NAR to Senate: Keep Housing First on Nation's Agenda |
Testifying before a Senate panel, NAR President Ron Phipps said future policies must support sustainable home ownership.
Read Phipps' full testimony here. |
Future of 30-year mortgages at risk? |
As Congress continues to debate the future of Fannie and Freddie, and how and whether it should move to phase out the government-sponsored enterprises (GSEs), housing experts warn that 30-year fixed rate mortgages - a popular choice among buyers - might become harder to find and more expensive without Fannie and Freddie to buy these loans. Banks may be less willing to extend credit at a fixed rate over such a long term, housing experts note, since investors often prefer loans with adjustable rates rather than loans with longer terms, which expose them to interest rate risk.
Read the full story from REALTORŪ Magazine Online >> |
Kansas City, Mo. announces $8,000 discount on rehabilitated homes |
The city of Kansas City, Mo., in partnership with local primary property developers, is offering an $8,000 discount off the list price of single-family homes that were rehabilitated through the City's Neighborhood Stabilization Program. This discount applies to such homes purchased in March 2011.
To learn more about this discount, the City's Housing and Community Development Department, along with participating primary property developers, lenders and real estate agents, will host a Brown Bag Lunch and Learn this Wednesday, March 16 from 11:30 a.m. to 12:30 p.m. The event will be held in the multi-purpose room of the City's Health Department, 2400 Troost Ave.
For more information about the City's Neighborhood Stabilization Program, call 816-513-2835 or visit www.nspkc.org. To RSVP for the Brown Bag Lunch and Learn, call 816-513-2835. |
Are You a Budding Leader from the Show Me State? |
 Through the Missouri Association of REALTORSŪ (MAR) Leadership Academy, MAR identifies emerging REALTORŪ leaders from among its members, encourages them with motivational presentations, and assists in sharpening their leadership skills so that they may exert a strong positive influence on the future of MAR, their local boards/associations and the profession.
Applications for KCRAR-subsidized positions are now being accepted - learn more here. |
4 Ways to Boost Your Referrals |
To get more referrals coming your way, you need to get your sphere of influence spreading your word. Real estate coach Maya Bailey offers these tips on how to motivate your sphere of influence to refer you. |
KCRAR wants to help you advance your career - and the key to that success is education.
You can't miss our annual bowling tournament in Kansas City, Kansas! Join us on Wednesday, March 23 at KC Bowl (formerly Ranch West Bowling), 8201 State Ave., Kansas City, KS 66112. Team registration starts at 12 p.m. and bowling starts at 1 p.m. $15 per person includes three games of bowling, shoes, bowling ball, and one beer or soft drink.
