JULY 8, 2021
VOL. 26
WEEKLY REPORT
The latest news and updates from Longleaf Pine REALTORS®
IN THIS ISSUE
The REALTOR® Appreciation Night
by Emily McCartney, LPR® Com Coordinator
On Thursday, June 24th the first REALTOR® Appreciation Night at Dirtbag Ales took place. The event was a huge success! There were amazing new summer brews, catering from Southern Coals, a never-ending stream of door prizes, and even the infamous Sweet Frog Truck for endless frozen yogurt. The night began at six pm and ran through ten o'clock with dancing, music, and laughter resonating through the pavilion. It was the first time since March 2020 we were able to get together with all REALTORS® in celebration of everything you do. The Association would like to thank you for all the amazing donations and support that went into this event.

The membership committee has counted this event as an overwhelming success and is making plans to bring events like this and much more to you in the coming months. Keep your eyes and ears open for any announcements because you won't want to miss the next social.

We do, however, know that the next live event to be held will be the September Luncheon at the
Crown Coliseum. We are happy to welcome our affiliates and REALTORS® to join us for food, fellowship, and educational opportunities. If you have any questions or concerns please feel free to reach out to us at the office for any direction needed. If you would like to volunteer to help run and plan these events we can also get you in contact with the chairpersons for the Education Committee or Membership Committee. Simply give us a call at 910.323.1421 or email us by clicking here.

JULY 2021
VOL. 26
Summary of 2021 Forms Changes Available Here
by NC REALTORS®
Changes to a number of residential and commercial forms in the NC REALTORS® forms library took effect July 1st. A list of the forms that changed and a detailed summary of those changes are available now via the links below.
They have also been provided to NC REALTORS®’ approved forms software vendor. Questions regarding updates of the forms software program should be directed to the vendor.
JULY 2021
VOL. 26
Upcoming Events to Attend
by LPR® Public Relations Committee
JULY 2021
VOL. 26
by Quinton Simmons, NAR® Media Contact

Pending home sales rebounded strongly in May, reaching the highest reading ever for the month of May since 2005, according to the National Association of Realtors®. All four U.S. regions registered both month-over-month increases and year-over-year gains for pending home sales contract transactions for the month of May.

The Pending Home Sales Index (PHSI),* www.nar.realtor/pending-home-sales, a forward-looking indicator of home sales based on contract signings, rose 8.0% to 114.7 in May. Year-over-year, signings increased 13.1%. An index of 100 is equal to the level of contract activity in 2001.

"May's strong increase in transactions – following April's decline, as well as a sudden erosion in home affordability – was indeed a surprise," said Lawrence Yun, NAR's chief economist. "The housing market is attracting buyers due to the decline in mortgage rates, which fell below 3%, and from an uptick in listings."

Although there has been a series of obstacles over the last year, including an unprecedented pandemic, record-high prices, and all-time low inventory, buyers are still lining up at a feverish pace, according to Yun.
JULY 2021
VOL. 26
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.