1. Fannie Mae Announces Eviction Moratorium for the Holidays Fannie Mae has announced that it will suspend evictions of foreclosed single-family and two- to four-unit properties from December 19, 2011 through January 2, 2012. During this holiday period, legal and administrative proceedings for evictions may continue, but families living in foreclosed properties will be permitted to remain in the home. Homeowners with Fannie Mae-backed loans can call 1-800- 7FANNIE or visit www.knowyouroptions.com for information and resources on foreclosure prevention options, including contact information for the Fannie Mae Mortgage Help Center or a HUD-approved counseling agency in their area. www.knowyouroptions.com

2. City of Houston Runoff Election is This Saturday HAR’s recommended candidates for the December 10 runoff election are: HAR's Political Affairs Advisory Group (PAAG) and Board of Directors have made these recommendations based on the candidates’ alignment with the issues supported by the REALTOR ® Party. Even if you did not vote in the November 8 election, you may still vote in the Saturday, December 10 runoff election. EARLY VOTING: Ends Tuesday, December 6 RUNOFF ELECTION DAY: Saturday, December 10, 7 a.m. to 7 p.m. For voting locations and schedule, visit www.harrisvotes.org. *indicates REALTOR ® -friendly incumbent

3. Weekly HAR Market Stat The Thanksgiving holiday didn’t curb the appetite of local home buyers. Purchase activity easily gobbled up last year's levels. Sellers brought fewer new properties into the active supply bins than during the same holiday week last year. As we approach the slowest time of year for residential activity, expect dollar volumes and sales counts to weaken from the spring and summer of this year. Inventory declines could have a measurable impact on the spring 2012 market. In the Houston region, for the week ending November 27: New Listings decreased 4.0% to 1,088 Pending Sales increased 28.1% to 852 Closed Sales increased 2.5% to 689

4. Register Online at www.har.com/eduwww.har.com/edu Questions? 713-629-1900 ext. 6 Certification Awaits You Broker Price Opinion (BPO) and Real Estate Owned (REO) Certified Date: Wednesday, Dec. 7 or Thursday, Dec. 8 Time: 9 a.m. – 5 p.m. Location: HAR Montgomery (Dec. 7) or HAR Central (Dec. 8) Investment: $139