I have scheduled the following vacation days so please note the Board office will be closed on Friday, July 30th; Friday August 6th and Monday August 9th.
Next scheduled Board of Directors Meeting will be Wednesday, August 18th at 8:30 a.m.
PRESIDENT’S CORNER:
The S B O R Directors met July 21st and there are three items for your consideration:
1. Reminder that Friday, July 30th is the final date to pay the $30 assessment. Your cooperation is appreciated. If you have any questions, Directors or your Broker can explain the process.
2. A big "Thank You" to the people who helped pass the hat at the Summer Arts Festival last month: Diane Ericksen, Charlene Roberge, Jerome and Brenda Vinson, Mary and George Mann. There were 7 of us and the effort is appreciated.
3. A reminder that the Board office hours are the same as they have been for a long time; 9a.m.-3p.m., Monday through Friday unless there is a schedule change in which all members are notified in advance that the office is closed.
4. It is my understanding that the city will pay $2500 to any Realtor who brings a buyer to one of the houses that the city has rehabbed and now has for sale. There are two properties so far and more are expected. Might be worth looking into.
Roger Baker, 2010 President
NOMINATION COMMITTEE (Chair Judy Oldham, Lula Cosby, Diane Ericksen, Dori Gaier, Tony Hannon, Theresa Preston) met on July 16th and are currently working on the slate of candidates for the following seats: 2011 President-Elect; Treasurer; three 3-year term Directorships; a 3-year WRIST Director and a 2-year WRIST Director. The Nominating Committee report will be e-mailed to all members as soon as it is completed. Reminder: SBOR's Annual Meeting and Election will be on Wednesday, September 1st, 11:30 a.m.-1:00 p.m. at the Woodruff Center.
FREE CE CLASS: RADON AND REAL ESTATE, Instructed by Alec Hagerty, Thursday, September 16th, Courtyard Marriott, continental breakfast & sign-in 8:30 a.m., class begins at 9:00 a.m. A flyer/registration form has been sent by email to members. This free class is sponsored by Springfield Board of REALTORS, Regional Air Pollution Control Agency, Clark County Combined Health District, Public Health of Dayton & Montgomery County, and Ohio Department of Health. It is free to all REALTORS but you must register for the class to receive your certificate for 1-hour continuing education.
WRIST VISITS: Stan Hartke will be in the SBOR office on Thursday, August 5th from 9 a.m.- 1 p.m. Dave Brisker will be here on Thursday, August 26th from 11 a.m. - 3 p.m. They visit the Board office to help with any individual problems/concerns/questions of SBOR members. Please feel free to stop in or call during their visit hours.
Home prices higher than '09
U.S. home prices, including distressed sales, increased by 2.9% compared to the same month last year, according to CoreLogic in its monthly index.
May was the fourth straight month prices showed a year-over-year increase.
"Home price appreciation stabilized as home buyer tax credit-driven sales peaked in late spring," says Mark Fleming, chief economist for CoreLogic. "But given that the labor market and income growth remain tepid, we expect prices to moderate and possibly decline the rest of the year."
Info From NAR on FICO, FHA, Fannie, and Freddie
NAR has posted information about the credit-related policies of FICO Corp., the Federal Housing Administration (FHA), Fannie Mae, and Freddie Mac on REALTOR.org. The new documents give REALTORS® and consumers accurate information about various credit policies of these organizations. For more information, contact Jeff Lischer, 202-383-1117.
How GSE Short Sale Rules Differ from HAFA
Long-awaited guidelines from Fannie Mae and Freddie Mac on implementing the federal government's standardized short sale procedures have been released and differ in important ways from the Treasury Department's Home Affordable Foreclosure Alternatives (HAFA) program. Let your members know about a free webinar in which representatives from Fannie, Freddie, and a servicing company will talk about the rules. Share this link to the registration page.
Senate Still Needs to Act on Flood Insurance
The House of Representatives has approved the Flood Insurance Reform Priorities Act (H.R. 5114), which would extend the National Flood Insurance Program (NFIP) through 2015, but the outlook for consideration from the U.S. Senate remains unclear. Unless a longer term reauthorization is enacted, Congress will again have to consider another short-term extension before September 30, 2010, when NFIP authority is next set to expire. For more information, contact Austin Perez, 202-383-1046.