TOP NEWS - MONDAY, JULY 22, 2013

2nd Quarter 2013 Local Zip Code Market Analysis

When analyzing nine major zip codes in our region - 28403, 28405, 28409, 28411, 28412, 28451, 28480, 28428 and 28449 - an average of the zip codes for the second quarter of 2013 shows that:

Our average sales price has increased by 6.9% from 2nd Quarter 2012.
Of the 1,215 sellers in 2nd Quarter - 27.33% paid some sort of concession toward the purchase of the house.
Our list to sales price ratio for 2nd Quarter is 96.10%, an increase from 95.5% for 2nd Quarter 2012.
The average list price of the sold properties is $267,964 which is up 6.3% from 2nd Quarter 2012.
The average number of days a property remained on the market for 2nd Quarter was 127 days, compared to 150 days for 2nd Quarter 2012.
The median sold price of $200,000 for 2nd Quarter has increased 2.6% from 2nd Quarter 2012.

Click link above to read full report with chart.

LOCAL & STATE

Area Commercial Leasing Shows Additional Gains in Q2

NCAR Insight Magazine - July 2013 Edition

MLS Missing Community Names?
MLS Subscribers - if you know of any new communities that are not currently available within Rapattoni MLS, please email the suggested community name(s) to support@wrar.zendesk.com.

Board of Director Meeting Minutes

WRAR AWARDS: Nominate a Deserving Member

Click on the link above to learn how you can nominate a fellow REALTOR� or member for one of these prestigious annual awards: REALTOR� of the Year, Salesman of the Year, Sally Noffsinger Scholarship, Allied Member of the Year, Cathy Clark Memorial, Hall of Fame, and the Paul Sullins Community Service Award!

All nomination forms must be

submitted by Friday, October 11,

2013 at 12PM.

Winners will be announced at the
2013 4th Quarter Meeting and the
2014 WRAR Installation Banquet.
Questions? Contact Lois at

LPetelinkar@WRAR.com.

UPCOMING EVENTS

2013 WRAR Annual Meeting and Election

Come join your Association to:

Meet your 2014 Vice President and Directors as election results will be announced
Preview the new and improved WRAR.com which will be launched later that evening
Celebrate the 100 Years of the REALTORS� Code of Ethics
Network with fellow REALTORS� and colleagues
Enjoy a heavy hors d'oeuvres and drinks from Milner's Caf� - menu coming soon!

Thursday, September 5 - 4:00PM to 6:00PM

The Terraces on Sir Tyler - 1826 Sir Tyler Drive

3:30PM-4PM Registration, 4PM-6PM Meeting and Food

Complimentary for Members, $15 Guests

*Late Cancellation and No-Show policy will apply.

Thank You Sponsors!

Platinum - Cunningham & Co. Mortgage Bankers
Gold - Alpha Mortgage
Silver - Envision Mortgage and Chrystal Fray with
State Farm Insurance
Bronze - Wells Fargo Home Mortgage

HALLOWEEN MASQUERADE BALL 2013

Grab your fanciest mask, spookiest costume and join the Wilmington REALTORS� Foundation for some great Halloween fun this fall while...

Raising funds to support local non-profits as well as the REALTORS� Helping REALTORS� Fund
Having the chance to WIN incredible prizes during the raffle - more details coming soon!
Competing to win the titles of Best Costume and Best Mask - $50 cash prize goes to each winner
Enjoying complimentary heavy hors d'oeuvres, beer and wine (included with ticket)

Friday, October 25 - 7:00PM to 11:00PM

The Terraces on Sir Tyler - 1826 Sir Tyler Drive

Cost: $15 Per Person, Raffle Tickets: $1 each or 6 for $5

TICKETS NOW AVAILABLE @ WRAR OFFICE!!!

GOVERNMENTAL AFFAIRS

Tax Reduction Act - HB 998: Overview & Recap

Filing Wraps Up with Full Slates of Candidates;
Mayor Saffo Unopposed

Terminal Groin Cap Stays Under Latest Proposal,
Heads Back to Senate

Beach Renourishment on the Horizon

NCAR Government Affairs Update 07/19/13

Berger Hearing Previews Arguments to Come

Lawmakers Give Tax Bill Final Approval, Send It to McCrory

Three Sworn in to NHC Elections Board, GOP Back in Majority

NAR Call for Action: Tax Reform Should Do No Harm

Tax Reform is underway on Capitol Hill. The Senate has adopted a "Blank Slate" approach that initially eliminates every provision in the tax code, including those that encourage real estate ownership and investment. Senators must submit their tax reform priorities to Senate leaders by July 26th. REALTORS� need to make their voices heard now so real estate provisions are on the top of the Senators' lists. Learn more and ACT NOW via the link above!

Join the Local Political Coordinator Program

Do you have a passion for local politics? Enjoy developing relationships with people? WE NEED YOU!

Click the link above to learn more and submit your questionnaire.

> For more Gov Affairs news, info & events, please Click Here.

MLS TRAINING: Email Listings

Find out how to quickly email listings from the MLS. Click image below to watch & learn.

CONT. EDUCATION

DESIGNATION COURSES

GOV AFFAIRS

UPCOMING EVENTS

COMMITTEE MEETINGS

LUNCHEONS

THOUGHTS & PRAYERS

WRAR STAFF

BROKER BREEZE BLOG

NATIONAL

New-Home Starts Take an Unexpected Dive

Are Young Home Buyers Being Left Behind?

Fed: Housing Helping Economic Growth

3 Real Estate Scams Your Clients Fall For

Did Cash Buyers Save the Housing Market?

States Crack Down on Squatters

Builders Haven't Felt This Upbeat Since 2006

BIZ & TECH TIPS

BEST PRACTICES

Short Sales for the
Buyers Agent

Advise the buyer that all contracts and offers must be sent to the lien holder.
a. In a short sale, the NC Real Estate Commission considers the existence of any offer or contract to be a material fact that must be disclosed to the lien holder.

Best Practices Manual

ROAD SAFETY

It's better to walk away from a listing or not show a house if you have an uneasy feeling.

More Safety Tips

RPR

RPR gets their data from a variety of sources. For more information on those sources and the frequency of updates, refer to this article.

TECHNOLOGY

Wi-Fi at a hotel has become a standard amenity across most hotel chains. Unfortunately, Wi-Fi does not work exactly as planned all of the time. Here are some tips for using a hotel's Wi-Fi connection to get the best experience.

SUPRA

KeyBox Has Been Stolen?
If a KeyBox is stolen, then it must be reported immediately to the MLS. You will not be charged for the KeyBox as long as a copy of the police report is provided to MLS staff within one week of initial notice. If a police report is not provided, the fine shall be the same as for a lost KeyBox.

2013 SAVE THE DATES

Holiday Meeting and Awards Luncheon

- December 4

NAR's MVP PROGRAM

MVP Member Offer:
July 16 - July 31

YOUR ACTION:

Download FREE eBooks through the NAR Library

YOUR REWARD:

Social Media for REALTORS�: Your Website - Download

YOUR REWARD: $9.95

NCAR PARTNER

NCAR members can save up to 30% off UPS Express air and international shipments. That's a significant savings over FedEx published rates! All this with the peace of mind that comes from using the carrier that delivers outstanding reliability, greater speed, more service, and innovative technology.
Learn More

Archived Broker Briefings

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