Economic background Economic activity maintained grew at a steady pace during the first quarter of the year, as consumers and businesses focused on the year ahead. Gross domestic product rose 2.4 percent in the first quarter, as consumers opened up … [Read more...]
VAR Form 600 gets new EMD language
VAR’s popular Residential Contract of Purchase (Form 600) has gotten an update for the Earnest Money Deposit (EMD) provision to help clarify the law for Realtors® and consumers. The June/July issue of Commonwealth – hitting your mailbox this … [Read more...]
The most powerful lobbyers in DC
File this under "got your back": Check out who’s spending the most money lobbying on Capitol Hill, courtesy of OpenSecrets.org: That’s $8.5 million so far this year. In 2012, NAR spent a total of $41.5 million (and was also the … [Read more...]
Investors Remain Major Buyers of Distressed Property in April
The share of distressed properties on the market continued to decline in April. Approximately 18 percent of REALTORS® who responded to the April REALTORS® Confidence Index Survey and who reported a sale sold a distressed property, substantially down … [Read more...]
Short Sales: Are the Numbers Beginning to Slide?
RealtyTrac recently released their Q1 2013 U.S. Foreclosure & Short Sales Report™. One of the more interesting revelations in the report was the decrease in the number of short sales being completed. According to the report, properties not in … [Read more...]
Michael Wilmore, come on down — you’re our newest $100 winner!
Congrats to Michael Wilmore of Coldwell Banker Residential in Sterling — he’s the winner of our second $100 Amex gift card for taking our 2013 member survey! If you haven’t taken the survey yet, you have through the first day of summer: … [Read more...]
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