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May 31, 2011 :: IN THIS ISSUE

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NewNAR: Your Voice Was Heard on QRM

Thank you for responding to the recent call for action asking Congress to ask our Federal regulators NOT to require a 20% down payment from homebuyers.

Over 140 Representatives and 40 Senators have now signed letters of concern to the governing regulatory agencies. The regulators are being asked to implement a more reasonable Qualified Residential Mortgage (QRM) that will keep credit-worthy buyers in the market and able to acquire a loan.

TRISTAR Realty

RayCruz
fairfaxnew5-14
calltoactionWashington Post: Treasury Inspector General Highlights Problems at IRS With Homeowner Tax Credits

Can the Internal Revenue Service handle tax credit programs that pump out billions of dollars to homeowners and buyers? A new federal investigation on home-energy tax credits suggests the answer may be: not quite yet. Read more.

rotyDeadline for REALTOR� of the Year (ROTY) Award Application is Today

Submit a GCAAR REALTOR� of the Year (ROTY) Award Application!  In order to allow sufficient time for application review, your GCAAR submission deadline is 5:00 p.m., today, May 31. Please e-mail your completed application to [email protected]. Access the application 
   
RookieOTYGCAAR Rookie of the Year Application Due Today

If you've been a licensed REALTOR 4 years or less, you have the opportunity to apply for the honor of being named Rookie of the Year!  All nominees must have been licensed for the first time between January 1, 2007 and January 1, 2011. Deadline for submissions to GCAAR is 5:00 p.m. today, May 31.  E-mail completed applications to [email protected].  Access the application
   
MARMAR's Annual Commercial Real Estate Symposium - This Thursday, June 2

 

Hear a team of experts explain the emerging technology on cyber security and its impact on commercial and industrial real estate in the region.  

When: Thursday, June 2
Where:
Sheraton Four Points BWI Hotel

8:00 a.m. - 12:15 p.m.

Details and registration

 

homParticipate in a Nationwide Open House This Weekend!

Join thousands of REALTORS� across the country and hold an open house on REALTOR� Nationwide Open House Weekend, June 4-5, 2011.

Check out the Field Guide to Open Houses.

dineoutDine Out with GCAAR Cares Community Service Committee

Join GCAAR Cares on Tuesday, June 7 for a day of fun at a restaurant near you. Simply pick a restaurant from the flyer and join us for a great time with delicious food and company! A percentage of your check will be donated to GCAAR Cares. Be sure to present the flyer when paying your bill.

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MoreIn Memoriam: Barbara Miles

GCAAR's 2007 REALTOR of the Year, Barbara Miles, passed away on Friday, May 27. Throughout the years, Barbara served on and chaired numerous committees at GCAAR and MAR; she also served as a member of the Board of Directors. Get memorial service details. 

 

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rebuildREALTORS� - Help Contribute Photos and Stories for this Year's MAR CARE Scrapbook Contest!

Each year, GCAAR Cares enters a scrapbook in the MAR CARE Award Contest to show how active we are in the community. We need your photos and stories for this year's 2010-2011 scrapbook. Deadline for submission is Monday, June 13. Send us an e-mail with "Scrapbook" in the subject line and attach your photos, with captions, and stories to Debbie Bell.

 

Submissions are accepted from June 2010 through June 2011.   

RT2011 REALTOR� Fest Coming Soon!

Mark your calendars!  GCAAR's largest annual education event is set for July 11, 2011 at the Bethesda North Marriott Hotel & Conference Center. A full 9-hour day is planned with classes and much more! Stay tuned for more details!
 
toolkitNew York Newsday: For Gen Y Buyers, Real Estate Is About the Buzz

Young buyers have a "beehive mentality" and discuss everything from movie selections to buying and selling real estate on social media, which you must understand in order to market to them effectively. Read more
BoardvacanciesMontgomery County Board Vacancies 

The following board vacancies are currently available: 
  • Adult Public Guardianship Review Board
  • Alcoholic Beverages Advisory Board
  • Dickerson Area Facilities Implementation Group
  • Advisory Board for Montgomery Cares Program

The deadline for application is June 10, 2011.
 

Access vacancy announcements for boards, committees, and commissions.

HitWashington Post: Home Prices Hit Lowest Level Since April '09 - Only Rising in DC/Seattle

The prices of single family homes in March dropped to their lowest level since April 2009, confirming a "double dip" because values are now below where they were since the housing market collapsed, according to the Case-Shiller price index released Tuesday. Read more.  
 

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wp4DSNews: Fannie and Freddie May Sell Modified Loans

Modified mortgages held by Fannie Mae and Freddie Mac could go up for sale at some point, according to the companies' regulator. The sale of these assets is one option being discussed as part of the agency's strategy to shrink Fannie and Freddie's portfolios. Read more.  
 

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Greater Capital Area Association of REALTORS�
8757 Georgia Avenue, Suite 600 :: Silver Spring, MD 20910
301.590.2000 :: www.gcaar.com