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March 15
M.A.T.C.H.
March 21
Board of Directors Meeting
March 22
Lunch & Learn: Premiums, Incentives & Gifts
March 23 9am-1pm
Practical Use of REALTOR Forms
March 28
Inside Real Estate
March 29 9am-1pm Core Course
March 30
ACAR New Member Orientation
10am-1pm Ethics Seminar
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Need Balloons to Highlight Your Open House? The ACAR Store has 4 different colors available of "Open House" embossed latex balloons - only $0.25 each! |
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Greetings!
Any way you slice it, pent-up demand for home ownership is building: people are doubling up rather than starting their own households, and the rents they're paying are increasing even while affordability on the ownership side is better than ever. So, the question is, when will this demand go from being pent-up to unleashed?
NAR Chief Economist Lawrence Yun has said existing-home sales are on track to see a modest improvement over last year. Sales could go above 4.6 million units, maybe get close to 4.7 million units, if current sales rates continue. Last year we saw 4.3 million existing-home sales.
READ MORE
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Nationwide Open House -April 28& 29
 For one weekend in April, REALTORS® will hold open houses in neighborhoods from coast to coast, bringing value to both buyers and sellers. The event also provides a tremendous opportunity to promote the benefits of home ownership and continue an open dialogue with consumers about the housing issues that matter most to them.
Start preparing for the Open House weekend by registering for a FREE Safety webinar -space is limited.
For more information on how to get involved,email Sarah Kestler, or call 208-947-7236.
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REBar Camp is BACK!- April 12th
Here is the best new it's still FREE!
 Hold on to your hats REBar is back and if you joined us last year you know it's one of the hottest FREE real estate education world today. If you missed out last year don't make the same mistake twice. Want to know more about what kind of camp it will be make sure to visit www.rebarcampboise.com Registration has already begun and seats are limited! We will be heading back to the Silverstone Plaza 3405 E. Overland Rd., Meridian ID. REGISTER NOW Do you have topics/technology whatever it is you want to know more about? Well make sure to vote now on the topics you want at REBar.
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What You Need to Know About Cancellation of Mortgage Debt
 This column is brought to you by the NAR Real Estate Services group.
A lender will, on occasion, forgive some portion of a borrower's debt. The general tax rule that applies to any debt forgiveness is that the amount forgiven is treated as taxable income to the borrower. Some exceptions to this rule are available, but, until recently, the borrower was required to pay tax on the debt forgiven. A new law enacted in December 2007 provides relief to troubled borrowers when some portion of mortgage debt is forgiven. However, this relief expires on December 31, 2012 and NAR will be working to obtain an extension throughout the year.
Follow the link to find general information you need to know about this law and cancellation of mortgage debt
Find Out More
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February Market Report - It Just Gets Better & Better
Sales in February 2012 were 439 in Ada County, an increase of 13.4% over February 2011. This is the strongest February sales we've had since 2007. Year-to-date sales are 829; 13% over the first two months of 2011.
Historically, February sales outpace January by an average of 14%. February 2012 sales increased by 14% over January 2012.
Nationally we know that one job is create for every two homes sold. So far in 2012 we have helped to create 400 jobs. We also know that for each homes sold there is a $60,000 cash infusion to the community; based on YTD sales we have added $50 Million to our valley's economy so far this year.
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Building a Better Real Estate Practice- Employees, Benefits & Beyond
Join us for a hosted lunch with Ataraxis, Idaho's premier professional employer organization. Learn how today's brokers and real estate teams are finally able to cost effectively maximize employee benefits and become an employer of choice. Even ACAR has taken advantage of the innovative approach that using Ataraxis as their PEO offers and we are bringing that opportunity to you as an additional advantage of being an ACAR member.
Did you know that brokers with employees and real estate teams are eligible for large group benefits, a no admin fee 401k and many more benefits that you and your employees have been asking for access to for years? You'll learn how savvy employers are getting a jump on health care reform (and what it means to you) and what you must do coming out of this economic crisis to attract and keep the best employees as the job market warms up. This will be an information filled lunch that is sure to improve your business immediately. Limited seating. REGISTER BELOW
DATES:
Team Leaders - Tuesday, March 27 Time: noon-1pm
Brokers - Tuesday, April 3 Time: noon-1pm |
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Capital Economics Expects Recovery to Continue Even With Higher Rates
 Even with recent reports of rising mortgage rates and falling home prices, Capital Economics stated it still expects the housing recovery to be underway. The research firm cites two reasons in a report on why mortgage rates won't threaten recovery: rates can only rise so far when tighter monetary policy is still years away and homes will still be affordable even if mortgage rates were to rise back to normal levels. Capital Economics notes that over the last six months, total home sales have increased by 13 percent.
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