NAR released a summary of existing-home sales data showing that housing market activity this February bounced back 3.0 percent from last month and rose 1.1 percent from last year. February’s Existing-Home sales reached 5.54 million seasonally adjusted annual rate. The national median existing-home price for all housing types was $241,700 in January, up 5.9 percent… Continue Reading February 2018 Existing-Home Sales
SCR information posted online is subject to change over time due to changes over time in: state/federal/local case law SC General Assembly law changes LLR SC Real Estate Commission opinions/orders/guidance/warnings Federal law changes NAR Code of Ethics Changes Magistrate/judges alerts/warnings/issues/statements SC Bar/SC Supreme Court alerts/warnings/issues/statements So, always consider how old any legal post states in… Continue Reading Warning for Legal Info Online
https://screaltors.org/wp-content/uploads/2017/12/220draft-1.pdf Please send comments to byron This rough draft was posted in 2017 for members to comment upon for desired 2018-2019 update. Posted by : Byron King
Give the feds your input on rules such as RESPA and RESPA enforcement: https://www.nar.realtor/washington-report/cfpbs-latest-requests-for-information Posted by : Byron King
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When the Trump administration released its $1.5 trillion infrastructure plan last month, it set in motion a multi-year process that could eventually lead to considerable investment in communities. Of course, Congress must pass legislation to make much of it happen. Although there are some parts that the administration can do on its own, a lot… Continue Reading Infrastructure Improvement Means Real Estate Activity
Imposing a 25 percent tariff on imports of steel and a 10 percent tariff on imports of aluminum, even if excludes those imports from Canada and Mexico, will raise the price of newly constructed home. The United States imported $47.83 billion of steel and aluminum commodities in 2017 on product types for which tariffs will… Continue Reading Steel and Aluminum Tariffs Expected to Have Most Impact on Construction and Motor Vehicles
The REALTORS® Confidence Index (RCI) survey[1] gathers monthly information from REALTORS® about local real estate market conditions, characteristics of buyers and sellers, and issues affecting homeownership and real estate transactions.[2] This report presents key results about market transactions from February 2018. View and download the full report here. Market Conditions and Expectations The REALTORS® Buyer… Continue Reading REALTORS® Confidence Index Survey: February 2018 Highlights
NAR offers mediation training in Chicago each fall. This is one of the best mediator training courses in the world. https://www.nar.realtor/events/mediator-mediation-training SCR plans to offer mediation training in SC this fall. All mediators should attend. Anyone interested in mediation should attend. iupdate Posted by: Byron King
REALTORS, AE's and Professional Standards Staff This is a must read webpage. Ensure you save this link and use it often. Great information on the REALTOR professional standards program: http://www.realtor.org/code-of-ethics/ethics-complaints-arbitration-requests-and-related-information?om_rid=AAAZah&om_mid=_BT4i3cB87oJU%243&om_ntype=INSWeekly Posted by : Byron King