MAY 20, 2021
VOL. 19
WEEKLY REPORT
The latest news and updates from Longleaf Pine REALTORS®
THE NEW INTERSECTION AT MURCHISON ROAD AND U.S. ROUTE 401 BYPASS WOULD DIVERT LEFT-TURNING TRAFFIC TO A REDESIGNED ROSEMARY STREET. NORTH CAROLINA DEPARTMENT OF TRANSPORTATION
IN THIS ISSUE
After recording the quickest recovery in the nation's history in the wake of the COVID-19 pandemic, the U.S. economy is expected to kick into higher gear in 2021. That is according to analysis from the National Association of Realtors® delivered today during the 2021 REALTORS® Legislative Meetings & Trade Expo (link is external) at the Residential Economic Issues and Trends Forum.

With the number of vaccinated Americans increasing and new coronavirus cases on the decline, NAR Chief Economist Lawrence Yun anticipates the economy will grow 4.5% in 2021.

"Consumers will begin to spend massive savings, and do more shopping, restaurant dining, traveling and in-person house hunting," he said.

While home sales continue to be an economic bright spot, unemployment remains an issue. Eight million jobs that were lost during the pandemic have not yet been recaptured. Yun maintains that job recovery is taking longer due to some friction
in the labor market, including workers being unable to return to their jobs, where work-from-home is not an option for many. As economic growth strengthens, 4 million jobs are projected to be gained this year.

Despite high unemployment, the economic recovery – propelled by favorable monetary and fiscal policies – has created the hottest housing market in nearly 50 years. The marketplace has surpassed pre-pandemic levels in terms of sales, but the fast-paced recovery has contributed to historic home price growth. In fact, a NAR® report released Tuesday found that 89% of metros saw prices climb at double-digit rates on a year-over-year basis during the first quarter of 2021.

MAY 2021
VOL. 19
MLS Marketplace is Coming: Register for Training
by Debbie McFayden, MLS Director
On Thursday, May 20th at 10:00 am join a training session for our newest
member benefit. Marketplace allows you to manage and recommend your own trusted providers for mortgages, insurance, and home services while also offering a simple and safe way for your clients to compare options. Marketplace helps clients connect to providers for all their homeownership needs through one site – avoiding what can be an overwhelming experience online. Register here. After registering, you will receive a confirmation email containing information about joining the webinar.
May Luncheon Was Packed With NC DOT Information You Want to Know
by Emily McCartney,
Communications Coordinator
On Tuesday, May 18th at 12 pm we hosted The Monthly Virtual Luncheon
with guest speaker Andrew Barksdale. He was able to give us current projects in the area that are being worked on and about to be awarded for contracts. He spoke of the plans and widen sections North and South of Fayetteville. He also mentioned plans around Raeford road, All American, and 295. To watch the full video please click to the right or visit our YouTube page.
MAY 2021
VOL. 19
Upcoming Events to Attend
by LPR® Public Relations Committee
Registration will open after Memorial Day, LPR® Members Free and Guests $25
MAY 2021
VOL. 19
Government Affairs Update
by Angie Hedgepeth
Angie Hedgepeth, Government Affairs Director for the Association, attends all the local meetings each month, as well as NAR and NCAR meetings, and keeps members abreast of the multiple issues being addressed in local, state, and national government. She prepares reports on the meetings she attends and they are included in the monthly “Government Affairs Update”. Look for updates on laws that will affect YOUR industry this year!

Click Here to read her latest report.