Edge070912

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Edge070912

  1. 1. Wanted: Age 40 or Under “Rising Stars” in Real Estate• 2012 marks the third annual NextGenREALTOR® Group (NRG) “20 under 40 Rising Stars” in Real Estate awards.• This prestigious award is presented to 20 HAR members age 40 years or younger who have demonstrated excellence in the areas of sales, leadership and community involvement.• To review the qualifications, read FAQs and download an application form, please visit the NRG website at http://nextgenrealtor.har.com.• The application deadline is Thursday, August 16.• Winners will be announced in HAR’s publications as well as a news release to be distributed to local and national media.• The awards ceremony will be held during NRG’s fall luncheon on Thursday, October 18 in the Crystal Ballroom at The Rice Hotel.• For more information, contact Rozlynn Crew at roz@har.com.
  2. 2. Voting Begins This Week for the 2013 HAR Board• It’s time to cast your vote for the 2013 HAR Board of Directors.• Beginning this Thursday, July 12, HAR members in good standing will receive an email from BigPulse, a leading independent online voting service, containing a unique hyperlink for casting their vote.• BigPulse is HAR’s third-party ballot company that has tabulated HAR board election results for the last three years.• Members are urged to check their junk mail folders if they do not receive an email ballot by the end of the day.• Voting ends on Monday, August 6 at 5 p.m., at which time the results will be displayed online.• Please refer all election questions to Rozlynn Crew at roz@har.com.
  3. 3. Mortgage Rates Fall Even Lower• Mortgage rates hit record lows in the week ending July 5, with the 30-year fixed-rate mortgage average dropping to 3.62 percent from 3.66 percent the previous week, Freddie Mac said Thursday in its weekly report. That rate is the lowest since long-term mortgages began in the 1950s.• The average rate on the 15-year mortgage, a popular refinancing option, slipped to 2.89 percent, below the prior weeks record of 2.94 percent.• The rate on the 30-year loan has fallen to or matched record low levels in 10 of the past 11 weeks and has remained below 4 percent since December.• Lower mortgages are providing a much-needed lift to the national housing market. NAR reported that the number of people who signed contracts to buy existing homes rose in May, matching the fastest pace in two years.
  4. 4. Weekly HAR Market StatResidential real estate continues to show signs consistent with marketrecovery. For the current round of numbers, buyer activity increased whileseller activity was lower than last year at this time. In general, buyers havebeen taking advantage of historic affordability levels for some time. Soon,renewed seller confidence should lift listing activity. Some call this anencouraging omen, as long as supply levels dont exceed a prior apex. In the Houston region, for the week ending July 1: • New Listings decreased 0.5% to 2,436 • Pending Sales increased 47.0% to 1,891 • Closed Sales increased 3.8% to 2,050
  5. 5. Open Your Mind to Learning Graduate Realtor Institute GRI-1 Finance The GRI designation is the most widely recognized of the National Real Estate Designations. This program consists of three courses, each taught by experts in their respective fields. The module offers: Contract Forms, Contract Procedures, Residential Finance and Cultural Diversity & Fair Housing. A calculator is required. GRI courses may be taken in any order and satisfy your 9 hours of non-legal MCE requirements. Date: July 20, 23, 24 & 25 Time: 8:15 a.m. – 5 p.m. Location: HAR Bay Area Investment: $295Register at www.har.com/edu Questions? 713-629-1900 ext. 6

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