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” • HUD Suspends FHA Mortgage Insurance Premium Cut • Meet Our New HAR Chair • Houston Market Movements • Are You Headed to the Summit? “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.
HUD Suspends FHA Mortgage Insurance Premium Cut The EDGE Information and news that gives you an edge in the real estate business HUD Suspends FHA Mortgage Insurance Premium Cut Last Friday, the U.S. Department of Housing and Urban Development (HUD) issued a letter indicating the suspension of the Federal Housing Administration’s (FHA's) annual mortgage insurance premium reduction. NAR, along with the California Association of REALTORS®, both expressed their disappointment in the suspension and its potential impact on homebuyers. Real estate professionals could be experiencing delays for those clients who had planned closings around the January 27 reduction implementation, but many do not appear to be overly worried about the impact of the suspension on their market. Read more about this story HERE.
The EDGE Information and news that gives you an edge in the real estate business Meet Our New HAR Chair The Houston real estate market just came off its best year ever, despite tough times in the energy sector. Are you encouraging your clients to take advantage of favorable market conditions? HAR-TV talks to 2017 HAR Chair Cindy Hamann about that as well as the host of new tools now available to members in the January edition of the HAR Chairman’s Update HERE! And be sure to bookmark HAR-TV’s YouTube page for the latest video updates.
Houston Market Movements The EDGE Information and news that gives you an edge in the real estate business Houston Market Movements In winter, it is not uncommon for housing starts to tail off. However, nationally, 2016 closed on an uptick and became the best year for housing starts since 2007. Granted, multifamily homes have been driving the increase in recent years, while single-family starts and building permits are mildly down. Yet there is warranted optimism for new single-family home building in 2017. In the Houston region, for the week ending January 15: • New Listings increased 0.6% to 2,348 • Pending Sales increased 26.5% to 1,646 • Closed Sales decreased 18.0% to 899
Are You Headed to the Summit? The EDGE Information and news that gives you an edge in the real estate business Are You Headed to the Summit? Agents: Do you want to take your business to the next level? Are you tired of working hard and not having the results you want? Unsure how to find new business? Then this two-day Mastery Summit is for you. Come spend two days with real estate guru Verl Workman, who will show you how to crank up lead generation at any level and build a seven-figure business. PROMO CODES: H50 = $50 off either Day 1 or Day 2 H25 = 25% off Day 1 & Day 2 combined Click Here to Register