The Real Estate Insider ~ May 2022

Bowling Highlights / MLS Data / Courses / & More

The Real Estate Insider

The Voice of Real Estate

Special thanks to our 2022 Gold Partners:

Habitat Bowling: Thank you!

Thanks to all who joined us for our annual bowling tournament May 19 at Pro Bowl West, where the EMTAR Community Involvement Committee raised $4095.88 for this fall’s Habitat for Humanity Build! Stay tuned for the Build Date.

EMTAR College Scholarships: Apply by June 14

Our Association is now receiving Scholarship Applications for any 2022 Graduating Seniors who reside in Wilson and Trousdale counties. The deadline is June 14th. Scholarship awards will range between $500 and $2,000 for winning applicants. To learn more, view the requirements and apply online, please visit this page.

VISIT THE SCHOLARSHIPS PAGE

Each month EMTAR provides an Infographic on sales data (click on the graphic for March).

EMTAR is providing Local Market Updates for Wilson, Smith and Dekalb counties. To download the quick Infographics and Realtracs reports, click the button below.

These reports are also usually announced mid-month on the EMTAR Facebook page, where you can share them within your sphere of influence.

MLS LOCAL MARKET UPDATES

Local News: Raised and Rooted Wilson County

Be sure to follow this Facebook page, Raised and Rooted Wilson County, to keep up with all farm fresh options in Wilson County. (There is a concentration on meat, poultry, dairy, fruits and vegetables.) The page offers an interactive map that showcases all farms and the products they offer along with the best means for purchasing.

There is also a bot that can support your questions 24/7 and constant updates on products being offered within the community.

Whether you are in Lebanon, Watertown, Mt. Juliet or surrounding areas, there is something here for you! LIKE to find out more and be sure to support the amazing assortment of fresh products our local farmers work hard to offer Wilson County!

VISIT THE RAISED AND ROOTED PAGE

NAR Board Pursues Fair Housing, Consumer Access to Credit

"Strengthening fair housing enforcement was a priority for the National Association of REALTORS^® Board of Directors during its [May 6] meeting," REALTOR^® magazine reported.

"The governing body passed resolutions supporting fair lending provisions of the Fair Housing Act and the Equal Credit Opportunity Act—which prohibit discrimination in consumers’ access to credit on prohibited bases—and urged state associations to promote legislation for minimum, universal fair housing education requirements for all real estate licensees."

NAR Member Assessment for Ads Rises from $35 to $45

In other NAR BOD action, the member assessment used to fund That’s Who We R—the national ad campaign from the National Association of REALTORS®—will be $45 per year beginning in 2023 through 2027, up from $35 previously. Read more about the highly successful ad campaign (which launched in 2019) here.

Yun Forecasts Uncertain Housing Market

Also from the NAR meetings: Two years after enduring the devastating financial impacts of COVID-19, the U.S. economy has made an impressive comeback, in large part due to a booming housing market. However, as National Association of Realtors^® Chief Economist Lawrence Yun explained during NAR Legislative meetings, there are significant questions regarding the sector's direction over the coming months.

“Housing kept the economy afloat as home prices rose and buyer demand intensified,” said Yun to 9,000 Realtors^® and industry experts in attendance at the 2022 Realtors® Legislative Meetings during the event's Residential Economic Issues and Trends Forum. “However, this year has already thrown some curveballs, including record-low inventory and unyielding inflation.”

A few other numbers of note shared by NAR:

Purchasing a home is now 55% more expensive than a year ago.
The Federal Reserve voted on May 4 to raise its target short-term federal funds rate by a .5 of a point.
Amid rising mortgage rates and a decline in home sales, 70% of 185 metro areas recorded a double-digit annual increase in their median single-family existing-home sales price.
The number of people entering a career in real estate between 2020 and 2021 increased by 60% compared to the two years prior, The New York Times reports.

READ MORE OF DR. YUN'S INSIGHTS

Save Your Place for TN Convention

Plans for the Tennessee REALTORS^® 2022 Fall Convention, September 21-23 in French Lick, Indiana, continue to take shape. We would love to see you there. Save your place today!

LEARN MORE ABOUT TN CONVENTION

EDUCATION HIGHLIGHTS

EMTAR provides a range of professional development offerings for our members. Click below to learn more and get ready to learn. Thanks!

*No Charge* CE Zoom Classes Continue

We are excited to partner with the Robertson County Association of REALTORS^® (RCAR) to offer a series of Zoom courses in 2022 that carry CE at no cost to EMTAR members. (Registration is required, and seating will be limited.) They include:

June 23: RESPA (9:00 AM to 11:00 AM)

July 7: Advertising in Tennessee (9:00 AM to 12:00 PM)

July 13: Residential Construction from the Ground Up (9:00 AM to 12:00 PM)

October 4 and 5: Broker TREC Core Class (9:00 AM to 1:00 PM each day)

Registration is open for these upcoming courses:

2022-6- TREC Core 3 hrs CE

Thursday, June 9, 2022 (9:00 AM to 4:00 PM)

Instructor: Randa Dawson

Increasing Minority Homeownership 1 hr CE

Tuesday, June 14, 2022 (9:00 AM to 10:00 AM)

Instructor: Josh McKinney

2022-6- (ZOOM) RESPA 2 hrs CE