In This Week’s “The EDGE” The EDGE Information and news that gives you an edge in the real estate business In This Week’s “The EDGE” • April Marks Another Positive Month for Home Sales • Houston Market Movements • May 6 Election Recap • Become SRS Certified “The Edge” is a weekly tool for managers to use to inform their agents and stay current and up-to-date with important real estate industry issues. Brought to you by the HAR Communications Department.

April Marks Another Positive Month The EDGE Information and news that gives you an edge in the real estate business April Marks Another Positive Month for Home Sales HAR will release April 2017 MLS statistics this Wednesday, and here is an advance peek at highlights of the monthly report: Home sales across greater Houston rose 3.1 percent in April, with a total of 6,583 single-family units sold versus 6,387 in April 2016. The single-family home median price climbed 4.6 percent to an April high of $228,000 while the average price increased 4.7 percent to $291,770 – also an April high. Months of inventory grew to a healthy 4.0-months supply compared to a 3.6-months supply in April 2016. National housing inventory currently stands at a 3.8-months supply, according to NAR. Single-family home rentals increased 14.6 percent year-over-year while townhome/condo rentals rose 5.9 percent. For more detailed information, please visit the HAR Online Newsroom for this and all other HAR news releases.

Houston Market Movements The EDGE Information and news that gives you an edge in the real estate business Houston Market Movements Much of the news surrounding the U.S. housing market is about rising prices and shrinking inventory. Although prices have been steadily increasing, we are only now beginning to reach pre-recession price levels on a national basis, and that's not the rule for all homes and communities. If demand stays strong, unemployment rates continue to dwindle and wages keep consumer confidence high, the market should remain active. In the Houston region, for the week ending April 30: • New Listings increased 14.9% to 3,286 • Pending Sales increased 25.0% to 2,4 • Closed Sales increased 2.0% to 2,271

The EDGE Information and news that gives you an edge in the real estate business May 6 Election Recap Joint Elections were held across the state of Texas on Saturday, May 6. Please see the next page for results of HAR recommended candidates and election recap. Voters will have the opportunity to again cast their ballots on Saturday, June 10th for run-off elections between the top two vote getters because they did not receive over 50% of the vote. That is how your one vote makes a difference. Stay tuned to learn more as we prepare for this Saturday, June 10th run-off election. Visit the links below to see all the results. Fort Bend County Harris County Montgomery County Brazoria County HISD RESIDENTS APPROVED PASSAGE OF PROP 1 BY 83.85%! Thank you for turning out to vote!

May 6 Election Recap (continued) C I T Y  O F  P A S A D E N A Mayor HAR Member John “JR” Moon heads to RUN-OFF against Jeff Wagner! Council District A Keith Nielsen LOST Run-off between Daniel Vela and Felipe Villarreal Council District B Bruce Leamon won Council District C Don Harrison won Council District D Sammy Casados (I) WON Council District E Cody Ray Wheeler (I) for WON Council District F Larry W. Peacock LOST to Phil Cayten Council Distict G Cary Bass (I) for WON Council District H Brad Hance LOST to Thomas Schoenbein ( I ) Denotes incumbent and BOLD was HAR recommended candidate CITY OF PEARLAND Mayoral Run-off Tom Reid (I) Quentin Wiltz Council Position 7 Run-off Dalia Kasseb Woody Owens for Council Position 3 Gary Moore (I) WON CITY OF SUGAR LAND Sean Burnett LOST Council District 4 Run-off Carol McCutcheon Qaisar Q. Imam

Seller Representative Specialist (SRS) The EDGE Information and news that gives you an edge in the real estate business Become SRS Certified Seller Representative Specialist (SRS) The Seller Representative Specialist (SRS) course is a 14-hour program that is designed to take a new agent to an accomplished level sooner, and an already successful agent to an even higher level of competency. It focuses on the skills necessary to properly represent a property owner, including agency, marketing, and servicing the client. Please confirm your eligibility and review the requirements necessary to earn this designation by visiting the designation holder’s site or contacting the HAR Professional Development department.  Date: Monday & Tuesday, May 15 & 16 Location: HAR Central Time: 8:30 a.m. to 5 p.m. Investment: $199 Register at www.har.com/edu Questions? Call 713.629.1900 ext. 6