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Person seeks lockbox codes Someone claiming to be a real estate agent is calling area offices in an attempt to get lockbox codes; however, when the brokerage calls the alleged agent's office, they are told no such agent works there. Please continue to follow your office's established safety guidelines to ensure that access to client properties is not given to anyone other than a licensed REALTOR®. July existing-home sales show gain Existing-home sales rose in July to the highest level in five months, although sales have hovered in a relatively narrow range over the past 11 months, according to NAR. Existing-home sales -- including single-family, townhomes, condominiums and co-ops -- increased 3.1 percent to a seasonally-adjusted annual rate of 5 million units in July from a downwardly revised level of 4.85 million in June, but are 13.2 percent lower than the 5.76 million-unit pace in July 2007. NAR President Richard F. Gaylord said the up-and-down pattern might break soon. "We hope the new tools in the hands of home buyers from the recently enacted housing stimulus package will spark a sustained sales uptrend in the months ahead," he said. "Buyers who've been on the sidelines should take a closer look at what's available to them now in terms of financing and incentives. Given some of the inventory on the market, we also strongly encourage buyers to get a professional home inspection." The national median existing-home price for all housing types was $212,400 in July, down 7.1 percent from a year ago when the median was $228,600. Lawrence Yun, NAR chief economist, said home prices in some regions could soon increase. "Sales have picked up significantly in several Florida and California markets. Home prices generally follow sales trends after a few months of lag time," he said. "Still, inventory remains high in many parts of the country and will require time to fully absorb. We expect more balanced conditions in 2009 and will eventually return to normal long-term appreciation patterns." |
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MCAR: For Metro Detroit REALTORS®
MCAR serves REALTORS® throughout southeast Michigan with a range of services that includes real estate sales training, political representation, grievance support and more. If you're looking for a REALTOR® association that meets all of your professional needs, look no further.
Orientation 20/20 Financing for Real Estate Continuing Education MCAR’s online REALTOR® Market was designed to meet all your real estate needs. Looking for a sign rider, lockbox or SOLD stickers? Then check out the online REALTOR® Market and enjoy an entirely new way of shopping for success. REALTORS® Unite! 2008 Annual Membership Meeting |
