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July 9 -9am-1pm- Forms & Contracts
July 14 12-2pm Lunch&Learn: Truth About Reverse Mortgage
6pm-9pm REALTOR-Affiliate Appreciation Night
July 21 1pm-4pm Practical Use of REALTOR Forms
July 22 8:30am-10am Agent2Agent
10am-11am Green Power Hour
July 29 12pm-2pm Lunch& Learn: Prizes, Incentives & Gifts
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208-468-5129 |
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Greetings!
Pending home sales dropped as expected on the heels of three strong monthly gains when buyers rushed to take advantage of the tax credit. Contract activity fell 30 percent in May and is nearly 16 percent below a year ago, with comparably low sales agreements expected in June. On the other hand, sales that close in June will remain elevated, but we'll then see a notable decline for July and August.
Current Market Conditions: With record low mortgage interest rates and affordable home prices in much of the country, buyers are well positioned for the summer slowdown and there will be more aggressive price negotiations between buyers and sellers.
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The Power of REALTORS® in Congress  As you know, there has been a great deal happening on the federal legislative front recently. Last week, Congress passed two critical bills - one that extends the tax credit closing deadline to September 30th, and another that reinstates the National Flood Insurance Program through September 30th. Extending the tax credit deadline was extremely important. As many as 180,000 transactions were at risk of not closing by June 30th. The new deadline will certainly help our efforts to stabilize the market.
Over 83,000 REALTORS® sent more than 250,000 letters to Congress in June, thanks to all of you who respond the calls for action and invest in RPAC; it is what separates us from other groups. The recent CNBC segment sheds light about REALTORS® Associations nationwide and the impact our Associations has on policy to the betterment of our communities. |
Courtesy of Shelly Houston, City of Meridan | Meridian one of the "Top Ten Best Places For Families" in 2010
Meridian earned a spot in the magazine Family Circle as one top "Ten Best Places for Familes in 2010" based on affordable housing, quality schools, access to health care, green space, low crime rate and financial stability.
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Come Join Us for a Free Dinner
REALTOR®-Affiliate Appreciation Night
Free Food, Free Games, Good Times
Wednesday, July 14th 6:00-8:30pm
Julia Davis Park, Shelter #1
Grab a hotdog and a soda while you toss beanbags, compete in inflatable bowling, or throw water balloons! There will be a clown, so bring the kids!
Thank you to our volunteers for helping run the games:
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 You Can Make a Difference- Volunteer for Habitat for Humanity!We're working at the Maple Grove Habitat for Humanity project. You can sign up for one or more days - no construction experience required!
- Friday, July 30, or Saturday 31
- Friday, August 27 or Saturday 28
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IHFA Announces New Homebuer Tax Credit Program
IdaMortgage.com, brought to you by Idaho Housing and Finance Association, announces new Homebuyer Tax Credit Program. This program could save your clients more than $10,000 over a ten-year period!
New Homebuyer Tax Credit Program: - Income tax credit of up to 20% of the mortgage interest paid each year for the first ten years; maximum of $2,000 per year - Can be used with IdaMortgage loan products - First-time homebuyer requirements apply - $500 fee from borrower - Available for a limited time only - Can be used to help borrowers qualify To learn more about this exciting new program, please visit www.IdaMortgage.com or contact us at 1-800-219-2285. |
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Stan Thomas Give Back Golf Tournament -Friday, September 17th
 The ACAR Realtors® Community Foundation is privileged to support Life's Kitchen through proceeds from the 14th Annual Stan Thomas Memorial ACAR Give-Back Golf Tournament - scheduled for Friday, September 17th, at Shadow Valley Golf Course.
Thank you to our Tournament Sponsor | |
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