Last Chance to Enter .REALTOR Contest

By Susanne Dwyer

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NAR PULSE–Submissions for the Show Us How You .REALTOR Contest are due Friday. Sept. 2, so get yours in now! All you have to do is submit three examples that showcase the creative ways you’re using .REALTOR web addresses to strengthen your digital brand, like on business cards, in advertisements or on letterhead. Your firm could win a shopping spree valued at $2,000 from NAR’s Members’ Gift Galleria, choosing from a variety of items perfect for the office. Click here to enter now.

Register Now for Free Safety Webinar
Participate in Safety Month and join NAR on Sept. 14 for the REALTOR® Safety Program Webinar, “Get Smart About Smart Homes and Your Safety.” Find out what REALTORS® need to know about smart home technology to best inform clients and protect them while on the job. The webinar takes place at 1:00 pm CST. Click here to register now.

A Credit Union Designed for the Way REALTORS® Work

Brokers and agents, take advantage of the financial services offered by REALTORS® Federal Credit Union, a Division of Northwest Federal Credit Union. The Credit Union was created in partnership with the NATIONAL ASSOCIATION OF REALTORS® with REALTORS® unique financial needs in mind. Services include business and personal accounts for savings and checking, low rate loans, real estate escrow accounts and more. Click here to learn more.

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From:: Real Estate News

RE/MAX Highlights New Opportunities in Fast-Paced Housing Market

By Susanne Dwyer

More than 1,000 RE/MAX brokers and office managers from around the gathered at the annual Broker/Owner Conference in Chicago to discuss and learn about pioneering strategies to grow their businesses and continue to be one of the most productive real estate networks.

The conference kicked off with the Opening General Session (OGS) during which RE/MAX reaffirmed its commanding lead in productivity and recapped its continued global growth.

“RE/MAX dominated industry surveys like RISMedia’s Power Broker Survey and National Association of Hispanic Real Estate Professionals Top 250, which only reaffirms our dedication to productivity and premier customer service,” says Dave Liniger, RE/MAX CEO, Chairman and Co-Founder. We empower you – our agents – through a variety of tools and technology to keep the process of buying and selling simple and allow you to focus on the values of client relationships.”

Attendees also heard from a power panel consisting of RE/MAX CEO, Chairman of the Board and Co-Founder Dave Liniger, RISMedia Founder and CEO John Featherston, Inman News Founder Brad Inman and Real Trends President Steve Murray, gathered on the same stage together for the first time. The four industry leaders discussed how technology, challenges, transitioning markets and the evolution of the industry are affecting today’s real estate professionals.

To further enhance the productivity and service that each RE/MAX agent offers to their clients, the global real estate franchisor also announced that it has entered into a strategic alliance with real estate transaction management service provider DocuSign. The agreement elevates the successful relationship between the two companies with a unique version of DocuSign Transaction Rooms for Real Estate.

Among the many benefits that DocuSign offers, a few highlights include:
– A customized offering of Transaction Rooms available to all RE/MAX associates in the U.S. and Canada
– Improved compliance, enhanced recruiting value propositions and the ability to provide sales associates with the industry’s leading digital transaction management and eSignature platform
– The capability for RE/MAX associates to do business anywhere on any device

This agreement comes close on the heels of DocuSign announcing it has doubled down on its support of the release estate industry – and launched its ‘lead to close’ strategy to put brokers and agents at the center of the real estate transaction, so that they can do the same for their clients.

“We always strive to give our Affiliates the very best tools and resources to help grow their businesses and better serve their clients,” says Mike Ryan, executive vice president at RE/MAX. “RE/MAX Affiliates are hungry for technologies that can efficiently manage the entire real estate transaction from offer to close, especially those with a tamper-proof electronic signature capability. DocuSign offers our members a solution that is easy to use, secure, scalable and seamless on multiple devices.”

eSignature technology has become increasingly mainstream in real estate transactions in recent years, with the majority of professionals reporting they close digital deals faster as a result. The process for buyers and sellers is significantly streamlined by removing paper and wet signatures from the transaction.

The deal creates …read more

From:: Real Estate News

REALTORS® Donate Thousands of Hours, Dollars to Local Boys & Girls Clubs

By Susanne Dwyer

The National Association of REALTORS® joined forces last year with Boys & Girls Clubs of America to enrich the lives of Club kids and teens in communities across the U.S.

Since December 2015, a total of 188 local Clubs and 18,200 Club youth have been positively impacted by REALTORS® and more than $100,000 has been donated to local clubs by associations, members and real estate firms.

“Today’s kids are our future, so when I began my NAR presidential term, I knew I wanted to involve Boys & Girls Club. I am so proud of all the passion, time and effort put forward by the REALTOR® family to better the lives of the children in the communities in which we live and work,” says NAR President Tom Salomone. “REALTORS® work every day to build and improve communities, so it comes as no surprise to me that our members jumped at the opportunity to get involved with their local Boys & Girls Club and volunteer their time and energy to support Club kids.”

Every local Boys & Girls Club has specific needs, so REALTOR® associations and members worked with their local clubs to determine the most effective way to volunteer and fundraise. Realtors® held holiday parties, organized fundraisers, collected winter coats, arranged reading and homework parties, as well as hosted career days where kids and teens learned about working in real estate and participated in mock interviews to help them prepare for the future.

On the national level, NAR staff participated in a company-wide backpack drive where school supplies and 485 backpacks were collected for local clubs in Chicago and Washington, D.C. NAR staff in Chicago also distributed backpacks stuffed with school supplies to kids at a summer carnival for the Boys & Girls Clubs of Chicago and Union League Boys & Girls Clubs, sponsored in part by the Chicago Association of REALTORS®.

Employees at realtor.com®, the official website of NAR, also joined the effort, supporting five different Boys & Girls Clubs across the country and in Canada. Collectively the company donated more than 1,500 school supply items – more than one item per employee. SentriLock, LLC, a wholly owned subsidiary of NAR, was also inspired by NAR’s back-to-school drive; their staff donated 41 backpacks for Cincinnati-area kids at the Boys & Girls Club of Westchester/Liberty filled with grade-level specific school supplies. SentriLock also continues ongoing fundraising efforts and staff volunteer days with this local Club.

NAR worked with BGCA to create a co-branded website, www.realtor.org/BGCA, as a resource for associations, firms, members and consumers. The site includes a Club locator, a toolkit to initiate involvement with Clubs, and success stories and photos from associations and REALTOR®.

For more than 150 years, Boys & Girls Clubs of America has enabled young people most in need to achieve great futures as productive, caring, responsible citizens. Today, more than 4,200 Clubs serve nearly 4 million young people annually through Club membership and community outreach. Clubs are located in cities, towns, public housing and on Native lands throughout the country, …read more

From:: Real Estate News

1st Mortgage Delinquency Up As 2nd Mtg Rate Down

Although there was month-over-month improvement in second-mortgage loan performance, serious delinquency on first mortgages saw deterioration.

Delinquency of at least 90 days on consumer credit — including auto loans, bank cards and first and second mortgages — was 0.83 percent as of July 31.

Serious delinquency worsened by a single basis point versus a month earlier. But 90-day delinquency improved by 9 BPS compared to one year earlier.


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From:: Financing

Home Construction Activity Slows, Northeast Leads

Led by the Northeast, building permits and completed construction fell on a month-over-month basis. A year-over-year gain was reported, though.

In municipalities that issue building permits, there were 95,800 permits issued for privately owned U.S. housing units during the entire month of July.

Activity tumbled compared to the one month previous, when an upwardly revised 114,400 housing units had building permits that were authorized.


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From:: Financing

J.P. Morgan Chase downgraded, as stock’s relative strength leaves it little upside

J.P. Morgan Chase & Co.’s stock has done too well for Bernstein Research analyst John McDonald to stay bullish. He downgraded the banking giant to market perform from outperform, saying the stock price’s strength relative to its peers, and its approach to his target of $67, leaves “insufficient upside over the next 6-12 months” to maintain a bullish rating. His price target is just 1.2% above current levels. McDonald said the shares have now approached their historical price-to-earnings valuations, while many other bank stocks continue to trade at a discount. “In the absence a clear macro catalyst–either hope for higher [interest] rates or fear of deteriorating credit–we see the best value in names trading at a deep discount and/or with some self-help levers,” McDonald wrote in a note to clients. The stocks he covers trading at the deepest discounts are Bank of America Corp. and Citigroup Inc. . J.P. Morgan’s stock has lost 3% over the past 12 months, while shares of Bank of America have lost 15% and Citigroup have dropped 19%. The SPDR Financial ETF has shed 5% while the S&P 500 had gained 4.2%. Other banks McDonald downgraded because of valuation were Regions Financial Corp. and SunTrust Banks Inc. , both to market perform from outperform.

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

StemCells stock increases more than sixfold on news of merger with Microbot Medical

StemCells Inc. shares jumped more than sixfold to $2.35 per share in early afternoon trade Tuesday after the company said it would merge with Israeli private company Microbot Medical Ltd. to develop robotics-based medical devices. The company closed Monday at 37 cents per share. StemCells shares dropped 53.0% over the last three months, compared with a 5.5% rise in the S&P 500 .

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 settle at highest level in nearly two weeks

Gold futures settle higher Tuesday, at their highest level in almost two weeks, with a drop in the dollar and a decline in the U.S. stock market raising investor interest in the precious metal. December gold rose $9.40, or 0.7%, to settle at $1,356.90 an ounce. That’s the highest settlement since Aug. 4, according to FactSet data.

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

SEC fines, bans former Goldman Sachs head RMBS trader for fraud

Edwin Chin, who served as Goldman Sachs’ head RMBS trader from 2010 through 2012, agreed to settle charges brought by the SEC that he lied to clients about the prices of RMBS deals, frequently misrepresenting not only the prices that Goldman Sachs paid for the mortgage bonds, but whether the bonds were sold out of Goldman Sachs’ inventory or not. This alleged misconduct generated millions of dollars of extra revenue for Goldman Sachs. …read more

From:: Real Estate Wire

Realtor wins bronze for #TeamUSA

When Alex Naddour won the bronze medal for pommel horse in the 2016 Olympics this past Sunday, he shattered a 32-year pommel horse drought for Team USA. He also brought a bit of fame to the Realtor community and his home state of Arizona. As if he wasn’t already doing enough, Naddour is an official member of NAR. From everyone here are HousingWire, congratulations! …read more

From:: Real Estate Wire