JUNE 23, 2021

VOL. 24

WEEKLY REPORT The latest news and updates from Longleaf Pine REALTORS®

IN THIS ISSUE THE CITY OF FAYETTEVILLE SEEKING POSITIONS FOR BOARDS & COMMISSIONS LICENSE RENEWAL DEADLINE ECONOMIC UPDATE FROM NAR® GOVERNMENT AFFAIRS UPDATE

The City of Fayetteville Seeking Positions for Boards & Commissions by Angie Hedgepeth, Government Affairs Director City announces Boards and Commissions openings Fayetteville residents are invited to apply for upcoming City of Fayetteville Boards and Commissions vacancies. Vacancies are listed below: Board of Appeals – 3 Vacancies Ethics Commission – 1 Vacancy Fayetteville Advisory Committee on Transit (FACT) – 3 Vacancies Fayetteville City Planning Commission – 4 Vacancies Fayetteville City Zoning Commission – 3 Vacancies Fayetteville-Cumberland Economic Development Board – 1 Vacancy Human Relations Commission- 3 Vacancies Fayetteville-Cumberland Parks and Recreation Advisory Commission – 1 Vacancy Fayetteville Redevelopment Board – 1 Vacancy Fayetteville

Public Works Commission – 1 Vacancy Joint City and County Appearance Commission – 3 Vacancies Joint Fayetteville-Cumberland County Senior Citizens Advisory Commission – 6 Vacancies Linear Park, Inc. – 1 Vacancy Metropolitan Housing Authority – 3 Vacancies (MAYOR APPOINTED) Millennial Advisory Commission – 6 Vacancies Public Arts Commission – 2 Vacancies Stormwater Advisory Board – 4 Vacancies Wrecker Review Board – 1 Vacancy Board of Advisors for the Woodpeckers Capital Reserve Account – 6 Vacancies Applications will be accepted until 11:59 p.m. on July 31, 2021. All qualified applications will be presented to the Appointments Committee in August 2021. The Fayetteville City Council will approve Boards and Commissions members at a regular meeting in September 2021. The City will accept applications via the City website at www.fayettevillenc.gov. Residents should scroll over “Government” and choose “Boards and Commissions” under the “City Council” section

JUNE 2021

VOL. 24

License Renewal Deadline by Jane Cannon, Director of Operations Don't forget to renew your real estate license by June 30th or it will expire! Questions about your requirements? Contact the Real Estate Commission for more information. 919.875.3700 ncrec.gov

JUNE 2021

VOL. 24

Existing-Home Sales Experience Slight Skid of 0.9% in May by Quinton Simmons, NAR® Media Contact Existing-home sales decreased for a fourth straight month in May, according to the National Association of Realtors®. Only one major U.S. region recorded a month-over-month increase, while the other three regions saw sales decline. However, each of the four areas again registered double-digit year-over-year gains. See and share this infographic. Total existing-home sales,1 https://www.nar.realtor/existing-home-sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, dropped 0.9% from April to a seasonally-adjusted annual rate of 5.80 million in May. Sales in total climbed year-over-year, up 44.6% from a year ago (4.01 million in May 2020). "Home sales fell moderately in May and are now approaching pre-pandemic activity," said Lawrence Yun, NAR's chief economist. "Lack of inventory continues to be the overwhelming factor holding back home sales, but falling affordability is simply squeezing some first-time buyers out of the market. "The market's outlook, however, is encouraging," Yun continued. "Supply is expected to improve, which will give buyers more options and help tamp down record-high asking prices for existing homes." Read More Here

JUNE 2021

VOL. 24

Government Affairs Update by Angie Hedgepeth, LPR® Government Affairs Director

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.

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