GNAR News – September 11, 2013

From the MAR Report …..

REALTOR confidence high as summer ends

Posted: 18 Sep 2013 07:44 AM PDT

While vacations, cookouts and the Red Sox typically dominate conversation in the summer, REALTORS® were also focused on business as confidence in the real estate market and prices were strong in August.  The August REALTOR® Market Confidence Index (RMCI) and REALTOR® Price Confidence Index (RPCI) were up again compared to the same time last year.

Here are the August 2013 Highlights:

  • This is the 25th straight month the RMCI was up over the same time last year and the 19th straight month for RPCI.
  • This is the first time in six months that the RMCI was below the 70-point mark.
  • The RPCI was over the 70-point mark for the 6th straight month (and 8 out of the last 9 months)

Hot Topic:

The August “hot topic” question asked REALTORS® how increasing interest rates were impacting homebuyer activity.

Click link to read the full release: August REALTOR® Market Confidence Index and REALTOR® Price Confidence Index

Data points:

  • REALTOR® Market Confidence Index in August was 69.26 Up 23% from the same time last year
  • REALTOR® Market Confidence Index in August was down 3% from July 2013
  • REALTOR® Price Confidence Index in was 73.57. Up 15% from the same time last year.
  • REALTOR® Price Confidence Index in August was Up 2% from July 2013.

 

 

National Flood Insurance – MAR Update

The Massachusetts Association of REALTORS recently published information concerning the changes to Flood Insurance policy.  An excerpt from the article from the MAR website is below.  For the full article, visit http://www.marealtor.com/content/flood_insurance_2013.htm

It is always advised that you be the “source of the source.” Therefore, you should be prepared to point prospective purchasers to “official” sources or those otherwise known to be competent and reliable regarding Flood Insurance. These might include publications, pamphlets, or similar materials prepared or distributed by FEMA or other federal or state agencies or departments, or other sources known to be credible. Some reputable sources include: http://www.fema.gov/flood-insurance-reform-act-2012 andhttp://www.floodsmart.gov/floodsmart/. The National Association of REALTORS has a lot of helpful information at: http://www.realtor.org/topics/national-flood-insurance-program-nfip/resources.

GNAR Member Meeting
Next Thursday, September 19 

Featured Speaker:
Newburyport Deputy Fire Chief, Steve Bradbury

Refreshments starting at 8:45am – Meeting at 9am

The meeting schedule each month is as follows —

  • 8:45am Refreshments
  • 9:00am Speaker & QA
  • 9:30am – 10am General Meeting Agenda & Affiliates Messages
  • 10-12 Thursday Broker OH from MLSPIN Listings 

Save the Date – Affiliate/Realtor Mixer
September 26 from 5-7pm at
The Tap Brewing Co. in HaverhillThe Tap Affiliate Mixer

Please join your fellow members, Realtor and Affiliate, for an evening of socializing.  This mixer event organized and sponsored by the Affiliate Committee, will offer appetizers and drinks in a relaxing atmosphere.  Please reply to your evite sent via Punchbowl (check spam filter if not received) or use this link —
http://www.punchbowl.com/parties/6568336-affiliate-mixer

Broker Open Houses on Thursdays 

The Open House Broker Tour  requires listings be entered in MLS each week by noon on Wednesday for the Thursday Broker OH tour.   The linear tour was replaced effective August 1, with this OH format.   Newburyport properties should be scheduled during the 10-11am timeframe, outside Newburyport, should be scheduled for the 11-12pm timeslot.  Open House Broker Luncheons are recommended to start no earlier than noon.

  • NEWBURYPORT SIDE OF RIVER 10 am -11am
  • AMESBURY SIDE OF RIVER 11 am -12 pm
  • OPTIONAL:   OH FOR 2 HOURS — 10am -12 pmPlease support your fellow Realtors by visiting their scheduled open houses and/or luncheons.

 MLS PIN Offerings at GNAR (September)

Course Site Date & Start Time
Getting Started: Searching the System Greater Newburyport Association of REALTORS® 09/17/2013 9:30 AM Sign Up
Getting Started: Contact Management Greater Newburyport Association of REALTORS® 09/17/2013 1:00 PM Sign Up
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