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Articles tagged with: National Association of Realtors

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[21 Dec 2011 | One Comment | 2,392 views]
Northwest Arkansas homes sales up for November, year

It appears that 2011 was a good year in northwest Arkansas as far as homes sales go. Sales were on the rise again in November, adding to a trend that’s been shaping up all year long in Benton, Carroll, Madison and Washington counties.
In November, Realtors in those counties sold 419 new and existing, single-family residences in northwest Arkansas through Arkansas Regional MLS (ARMLS). That’s up 10.55 percent from 379 closed sales in November 2010. The average sales price was $165,966, up 3.07 percent from $161,029 in November 2010. Sellers, on …

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[21 Dec 2011 | One Comment | 2,087 views]
Central Arkansas homes sales up in November

After four months of increased sales compared to year-ago totals, sales followed yearly trends in central Arkansas in November and were higher compared to the same month in 2010.
Before getting into that, it’s necessary to mention a couple of things about our data used to compile monthly housing market reports and the accuracy of it. Such a conversation is necessary in light of reports from the likes of the Wall Street Journal that the National Association of Realtors (NAR) has — knowingly or unknowingly — inflated national homes sales reports …

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[4 Jun 2011 | One Comment | 2,055 views]
Saline County home prices up for April, year

Contrary to expectations, home prices in Saline County were up in April and for the year compared to average sales prices in 2010 and 2009.
Why is that unusual? There were tax credits in place for qualifying home buyers in 2010 and 2009 — one might expect home prices from a time when the federal government wasn’t paying people to buy homes to be down when compared to times when buyers got cash when purchasing houses. That hasn’t happened in Saline County so far, where the average sales price of new …

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[23 May 2011 | No Comment | 3,743 views]
MyHomeMatching.com A free tool for real estate agents

While not marketed as an alternative to the traditional multiple listings service (MLS), MyHomeMatching.com is touted as a free tool to help real estate agents match prospective buyers with sellers.
Mark W. Lampe, founder and chief executive officer of the Arizona-based company, said he spent 2.5 years developing the site with one goal in mind — offering a free service for agents that puts listing agents in touch with the public. He said MyHomeMatching isn’t an alternative to a traditional MLS because the focus is different — an MLS boasts agent-to-agent …

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[14 May 2011 | 9 Comments | 7,325 views]
Congratulations, Realtors. Your dues are going up.

After months of talking about it, the National Association of Realtors (NAR) voted to raised dues by $40 starting next year to fund its political efforts.
That means Realtors’ national dues will increase from the current level of $80 to $120 starting next year. Well, sort of. Realtors now pay $115 in national dues thanks to a $35 assessment for the NAR’s Public Awareness Campaign that has been renewed and funded at varying levels in three-year cycles since it was put in place in 1998. That assessment is up for …

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[21 Apr 2011 | 2 Comments | 4,413 views]
The mortgage interest deduction — retain it, modify it or eliminate it?

In December, it appeared a proposal to radically alter the mortgage interest deduction had failed.
It seems the issue is back on the table as President Barack Obama on April 13 raised the possibility of at least altering the deduction. The U.S. Treasury Department estimates the deduction will cost the federal budget around $100 billion in 2012, so it’s no surprise that Obama is taking a look at the deduction as the aforementioned effort — a report generated by National Commission on Fiscal Responsibility and Reform — was a proposal setting …

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[2 Apr 2011 | One Comment | 2,689 views]
Mortgage bankers call for system built on private capital, limited government role

Anyone who has kept an eye on the housing market over the past few years knows that reform is coming.
The question, of course, is what will that reform look like?
We got a hint back in February when President Barack Obama’s administration released a plan that, if adopted, would phase out Fannie Mae and Freddie Mac in five to 10 years. While some critics have said that particular plan would make it more difficult for some Americans to take out mortgages, here are a couple of facts that are hard to …

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[31 Mar 2011 | 2 Comments | 1,978 views]
February central Arkansas housing market report — no surprises

Yes, it’s time once again for another housing market report that should surprise no one.
In central Arkansas — defined herein as Faulkner, Grant, Lonoke, Pulaski and Saline counties — 445 single-family, new and existing homes were sold in February. That’s down 7.29 percent from 480 sales in the same month last year.
The average sales price in central Arkansas in February was $163,057 — down 1.62 percent from $165,745 in the same month a year ago. Still, any interested observer would likely conclude that a slight drop in the number of …

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[27 Mar 2011 | No Comment | 1,201 views]
Week in Review (March 21-27)

It’s been a heck of a week on a number of levels here in Arkansas.
For one thing, that pesky winter returned in full force about the middle of the week. Indeed, our 70-degree, sunny days were replaced by near-freezing temperatures and nasty rain by the weekend.
For another, the question a heck of a lot of us Arkansans wanted to know was answered this week — who will replace deposed Razorbacks Basketball Coach John Pelphrey? Also, we had the state Legislature going about its business of annoying us with new laws. …

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[26 Mar 2011 | One Comment | 3,159 views]
NAR pushing for $40 dues increase

The National Association of Realtors (NAR) announced it will consider increasing dues by $40 a year to pay for increased lobbying efforts on national, state and local levels.
The NAR’s timing might not have been great, considering that announcement came on the heels of another one from the trade organization showing that February was a very shaky month for homes sales.
The increase — which would go in place next year and continue in 2013 — will be considered at the NAR’s midyear meetings in May, according to a release detailing what …