Imagine How You Could Invest in the Success of Your Business With $10,000

By Susanne Dwyer

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NAR PULSE—Through Nov. 4, enter to win up to $10,000 or over 100 other prizes to help your business from FedEx, a REALTOR Benefits® Program Participant. To earn your first entry, simply enroll for FedEx® shipping services. You could be on your way to a treasure trove of rewards, plus year round discounts on shipping as a member of The National Association of REALTORS®! Click here to enter today.

REALTOR® Duo Shares Benefits of Switching to RPR®
We all have preconceived notions about how difficult change can be. We’re accustomed to our current providers and moving on to something new requires effort. Here, a mother/son real estate team describe how the RPR® app is well worth the switch. Click here to read more.

Save with the REALTOR Benefits® Program
Your official NAR member benefits resource brings savings and special offers to REALTORS® from more than 30 carefully selected industry-leading companies, including REALTORS® Insurance Marketplace (offering a full array of health and wellness solutions), FCA US LLC, FedEx, Sprint®, Liberty Mutual, Dell, Placester®, DocuSign and more. Click here to learn more.

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From:: Real Estate News

Achieving Sustainable Latino Homeownership One Step at a Time

By Susanne Dwyer

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For Christian Fuentes, co-owner of RE/MAX Top Producers in Diamond Bar, Calif.—and president of NAHREP’s LA-San Gabriel Valley chapter—education is key when it comes to working toward NAHREP’s mission of achieving sustainable Latino homeownership.

Here, Fuentes discusses just how important education is to achieving the American Dream, and his plans for continuing to grow the chapter.

Paige Tepping: How did you get involved with NAHREP?
Christian Fuentes: I got involved with NAHREP about four years ago when I was named to the NAHREP Top 250 list. At the time, I knew about NAHREP and their mission of achieving sustainable Latino homeownership, but it wasn’t until after I attended my first convention that I truly realized just how incredible NAHREP was—from the type of people involved in the organization to the networking that takes place, the speakers they bring in for their events all the way down to the information they provide. After attending the convention, I was approached to become more involved, and I haven’t looked back since.

PT: What’s involved in your role as president of the LA-San Gabriel Valley chapter?
CF: As president, I’m the leader or image of the chapter. While the LA-San Gabriel Valley chapter has been in place for three years, it’s important to note that we came in very strong, with the goal of becoming one of the top chapters nationwide. One of my main goals as president is to ensure that we’re bringing value to our events so that each and every member that attends is inspired to grow their business by trying something different.

PT: How do you act upon your commitment to NAHREP’s mission of achieving sustainable Latino homeownership?
CF: First and foremost, through education. If you can sit down with a client and take the time to educate them, understand their financials, confirm that they have a consistent income and that they’re responsible and committed to owning home, you’re ultimately helping them achieve the American Dream. This is also setting them up to be able to afford a house long-term or pay it off and buy a bigger house when they’re ready to move-up. There are always going to be people who could qualify to buy a home, but they’re not educated enough to understand what they’re getting into. By focusing on education, we’re helping Latinos understand the process and protecting them throughout so that no one takes advantage of them.

PT: What milestones did you hit this past year?
CF: One of our most significant milestones is the growth we’ve experienced over the last three years. We started with 200 members, and today, we’re well over 500…and the year isn’t over yet. My goal is to take our membership to 1,000, and I’m still pushing for that. Another important milestone centers around our chapter being the first in California to sell 100 registrations to the NAHREP National Convention & Latin Music Festival, which took place last month. And last but not least, I would have to point to my president installation as being another chapter milestone. …read more

From:: Finance and Economy

Oil books a loss ahead of crude-inventory reports

Oil futures on Tuesday finished in negative territory, after struggling for direction throughout much the session, as traders continued to assess OPEC’s preliminary output deal, ahead of weekly data that are expected to show an increase in U.S. crude supplies. November West Texas Intermediate crude oil closed 12 cents, or 0.2%, lower at $48.69 a barrel, while December Brent crude-oil settled little-changed off 2 cents, or less than 0.1%, to end at $50.87 a barrel. A surge in the dollar on heightened expectations about a rate hike by the Federal Reserve at its coming December meeting, helped push the greenback higher, weighing on assets priced in the currency, like oil and gold . Crude-oil traders are awaiting an update due Wednesday from the Energy Information Administration on weekly petroleum supplies. The American Petroleum Institute, a trade group, releases its own figures later Tuesday.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Oil books a slght loss ahead of crude-inventory reports

Oil futures on Tuesday finished in negative territory, after struggling for direction throughout much the session, as traders continued to assess OPEC’s preliminary output deal, ahead of weekly data that are expected to show an increase in U.S. crude supplies. November West Texas Intermediate crude oil closed 12 cents, or 0.2%, lower at $48.69 a barrel, while December Brent crude-oil settled little-changed off 2 cents, or less than 0.1%, to end at $50.87 a barrel. A surge in the dollar on heightened expectations about a rate hike by the Federal Reserve at its coming December meeting, helped push the greenback higher, weighing on assets priced in the currency, like oil and gold . Crude-oil traders are awaiting an update due Wednesday from the Energy Information Administration on weekly petroleum supplies. The American Petroleum Institute, a trade group, releases its own figures later Tuesday.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Gold futures log biggest one-day percentage loss since late 2013

Suffering their largest one-day percentage loss since December 2013, gold futures settled Tuesday at a more than three-month low, according to FactSet data. Strength in the U.S. dollar , at the expense of the British pound , technical selling, and growing prospects for a Federal Reserve interest-rate hike before the end of the year all contributed to the drop in gold prices. December gold fell $43, or 3.3%, to settle at $1,269.70 an ounce.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Sharp Drop in Annual Mortgage Refinances Predicted

An increase from this year to 2017 in the volume of new loans to finance home purchases will be more than offset by a sharp drop in refinance production.

During all of 2016, residential loan originations are expected to total between 7.6 million loans for $1.756 trillion and 8.5 million loans for $1.936 trillion.

Business is projected to retreat next year, with the forecast ranging from 5.8 million loans funded for $1.403 trillion to 6.1 million loans for $1.478 trillion.


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From:: Financing

ECB weighs slowing bond purchases before QE concludes: report

The European Central Bank is likely to gradually wind down bond purchases before the scheduled March 2017 conclusion of its quantitative-easing program, Bloomberg reported Tuesday, citing unnamed eurozone central bank officials. The ECB is buying 80 billion euros ($89.7 billion) of government and corporate bonds a month, but could begin to slow purchases in steps of 10 billion euros, though any decision would depend on the eurozone’s economic outlook, the report said. The officials didn’t exclude the possibility that the bond-buying program could be extended beyond its March 2017 end date at the full pace of 80 billion euros a month, the report said. The ECB, in a statement, told Bloomberg that the Governing Council “has not discussed these topics.” German government bonds and U.S. Treasurys lost ground after the report, pushing up yields. The euro also saw a brief rebound versus the dollar but remains in negative territory at $1.1189.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News