March 27, 2017

Q2 MLS FEES DUE MARCH 31

THE HOME PAYMENT REPORT
 
MAAR has a new tool for educating consumers and encouraging potential home buyers to make a move. The "MGIC/MAAR Home Payment Report" is a quarterly overview of typical monthly payments on homes recently sold in the Twin Cities’ 50 most active real estate markets. Agents can download the report and forward it to prospects or include it in their own marketing pieces.
The report is produced through a partnership between MAAR and MGIC Corporation, one of the country’s leading private mortgage insurers. It combines home sale prices, property tax rates and interest rate data to give consumers a good feel for what their monthly home payment would be on lower-priced, mid-priced and higher-priced homes in 50 markets ranging from Andover to Woodbury. 
“Educating consumers on housing affordability and the costs and benefits of owning versus renting is key to sound decision-making,” says David Arbit, MAAR director of research & economics. “We’re delighted to be working with MGIC to bring this useful new quarterly report to our members and the public.” 
 
We encourage you to share this resource with your clients. | MORE
   

Annual REALTOR Summit 
 
REALTOR Summit 2017 is ONE month away!
This year's theme is Beyond All Limits: Breaking Through Barriers with national speakers Richard Leider, Beth Ziesenis and Jared James. Summit 2017 is our largest event of the year that draws REALTORS from all over the metro. Check-in begins at 8:00 a.m. on April 27, 2017 at the Minneapolis Convention Center.
 
Here are the day's highlights:
The first 100 members to arrive will receive a signed copy of Richard Leider's book, "The Power of Purpose"
Beth Ziesenis' courses within the Summit are approved for 3.00 continuing education credits through the Minnesota Commissioner of Commerce
One free drink ticket to happy hour with Jared James immediately following the event at the Convention Center’s Craft Bar and Lounge
Wait! There's more...
  • Over 20+ Expo Vendors
  • Breakfast, lunch, refreshments
  • 3 highly sought-after National speakers
  • Prizes and giveaways (during non-CE times)
  • Post event Happy Hour only steps away
   

Gear up for REALTOR Summit 2017 and get your #homematchmaker merch today! | MORE

Tuesday, April 4 (10:00 a.m. - 11:00 a.m.)
Use a CRM (Client Relationship Manager) and See Your Sales Skyrocket! | Presenter: Rob Mehta | INFO

WEEKLY MARKET ACTIVITY REPORT
  
The number of existing home sales was down last month, indicating that there is still a large divide between supply and demand. However, we need to keep in mind that the value of the housing market is the highest it has been in years. Confidence and household incomes are increasing, which are indicators of future home buying, which should lead to a continued strong market.
 
In the Twin Cities region, for the week ending March 18:
• New Listings decreased 2.2% to 1,728
• Pending Sales decreased 2.7% to 1,247
• Inventory decreased 23.7% to 9,633
 
For the month of February:
• Median Sales Price increased 7.8% to $223,500
• Days on Market decreased 14.6% to 82
• Percent of Original List Price Received increased 1.4% to 96.5%
• Months Supply of Homes For Sale decreased 28.0% to 1.8  | MORE
March 2017 - The Skinny
 

Pricing Strategies: Mastering the CMA 
The key to competitive home pricing is becoming more proficient at comparative market analyses (CMAs). In the Pricing Strategies: Mastering the CMA course, you'll learn how to evaluate the existing real estate market to take the guesswork out of pricing homes.
As the core requirement for the Pricing Strategy Advisor (PSA) certification, this course will enable you to:
  • Determine the market-based value range of a home
  • Choose the most appropriate comparisons for a property
  • Compile a CMA report for proper presentation
  • Collaborate with appraisers
Wednesday, March 29 (9:00 a.m. - 4:00 p.m.)
6.5 CE Hours | REGISTER

UPCOMING CLASSES/EVENTS AT MAAR

Tuesday, March 28 (1:00 p.m. - 4:00 p.m.)
Matrix Pro for Realtors | 3.00 CE Hours | REGISTER

Wednesday, March 29 (9:00 a.m. - 4:00 p.m.)
Pricing Strategies: Mastering the CMA Course | 6.5 CE Hours | REGISTER
 
Monday, April 3 (9:00 a.m. - 12:00 p.m.)
New Home Construction Sales 101 | 3.00 CE Hours | REGISTER

Monday, April 3 (1:00 p.m. - 4:00 p.m.)
How Much Home Can You Really Afford | 3.00 CE Hours | REGISTER
 
Tuesday, April 4 (1:00 p.m. - 4:45 p.m.)
Social Strategies 2017 | 3.75 CE Hours | REGISTER

Online Classes at the CE Shop
 
 

TRENDING

SPONSORSHIP OPPORTUNITIES

MAAR has several opportunities for businesses to sponsor throughout the year. If you know of a business that may be interested in sponsoring at any level, please direct them to our website. | INFO

ADVERTISING
VHT Studios Professional Real Estate Photography Services | INFO
TECHNOLOGY 
Gboard is a new keyboard from Google for your iPhone. It has all the things you would expect from a great keyboard — GIFs, emojis, and Glide Typing — plus Google Search built in. No more app switching; just search and send, right from your keyboard.

Minneapolis Area Association of REALTORS
5750 Lincoln Drive
Minneapolis, MN 55345