Volume 16, Number 14  ♦  July 8, 2011

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Enter for a Chance to Win a $50 SuperCertificate When You Take the CT REALTOR® Hotsheet Survey

Please take a moment to complete the Hotsheet Survey if you have not done so already. This brief 10 question survey will help us ascertain if this e-newsletter is still bringing you the information you need in a timely fashion. One lucky participant will receive a $50 SuperCertificate® from GiftCertificates.com. The deadline for entry is July 10th and only members are eligible. Please note, this survey does not include the monthly LandLaw legal e-newsletter and your answers will not affect that publication.

REALTOR® Recommendations for Municipal Elections Being Accepted Now

If you know a candidate running for office in your town who is supportive of the real estate industry, why not recommend them for RPAC support? Click here for the REALTOR® Recommendation Form online, or contact the CAR office and ask that a Recommendation form be sent to you. For questions or assistance, please contact Holly Reed.

CTMLS Quarter 1 Housing Statistics Are Out! 

Statewide and County statistics are available and are broken down by: Annual sales by county and percent change - SFH and Condos, Average vs. Median Sale Price by Year – SFH, Number Sold by Month - SFH and Condos, Median Sale Price by Quarter, List Price vs. Sale Price by Quarter - SFH and Condos, Average Days on Market by Year, Average Days on Market by Month, Total Q1 and County Level Pre-foreclosures, Auctions, and REOs. 

Regulation on HUD Properties 

Some members have reported receiving contracts on REO properties with the statement “subject to 24CFR Section 206.125” and are questioning this reference. Click here for more. 

Thank You for Your Support!

This year you helped raise over $600 for the CAR Foundation during the Travelers Championship. CAR sold almost 50 discounted tickets to the tournament. REALTORS® took a break from the hustle and bustle of selling real estate to catch some exciting championship golf, network with their peers and “Went Back in Time” with Huey Lewis & the News!  In addition to buying discounted golf tickets, several members and boards also pledged 1¢ or more per birdie made during the week of the tournament.  We learned that soggy greens do in fact mean more birdies!  This year 1839 birdies were made resulting in additional money to the Foundation. THANK YOU to those who participated – keep an eye out for More Ways to Give!

2nd Annual REALTOR® Family Day at Six Flags New England!

Another fun filled day has been planned for REALTORS®, their families, friends and clients at Six Flags New England on Saturday, August 13th. Tickets are just $39.50 each - a savings of over 50% per person - and include all day admission to Six Flags New England and Hurricane Harbor Water Park, an all you can eat buffet lunch and free parking.  This is a great opportunity to meet and network with fellow REALTORS® from across New England! Click here to download the promotional flyer or visit http://www.sfnepicnic.com/car to purchase your tickets online today! All ticket orders must be received by August 5th for discount to apply.

Sponsor Spotlight: People’s Bank 

Many CAR programs/events would not be possible without the continued support of our generous sponsors. We hope that you will help us thank them for their support by taking a minute to check out the various products and services they have to offer.

This year we welcome back long time CAR supporter People’s United Bank sponsoring the drink tickets distributed at the dinner/awards program during the 10th Annual CT REALTORS® Leadership Conference. People's United Bank is the largest independent bank in New England with approximately $25 billion in assets and nearly 340 branches in Connecticut. A diversified financial services company founded in 1842, People's United Bank provides consumer, commercial, insurance, retail investment and wealth management and trust services to personal and business customers. Their mission is simple – invest in the communities they serve. You can learn more about People’s United Bank at https://www.peoples.com/.

People's Bank 

Q2: Game On!

CAR Legal Department’s hottest fun feature, Quiz Question, continues. The prize is a $25 restaurant.com gift card! It’s easy to play! Just read the question, pick your answer, and submit it. Look for Q2 in the Hotsheet every two weeks and on CAR’s home page under “The Latest from CAR”. All correct answers go into a hat and the winner’s name is drawn.

Alison Lundie was the winner of last week’s quiz question.  

Here is the link for this week’s quiz.  

In This Issue: 

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Hotsheet Legal Tip 

HUD- imposed “Freeze”

CAR has been made aware of situations where closings of HUD-owned properties have been delayed due to a HUD-imposed “freeze.”  Click here for more.

Real Estate News

  Pending Home Sales Turn Around in May

Pending home sales rose strongly in May with all regions experiencing gains from a year ago, pointing to higher housing activity in the second half of the year, according to the National Association of REALTORS®.

The Pending Home Sales Index,* a forward-looking indicator based on contract signings, rose 8.2 percent to 88.8 in May from an upwardly revised 82.1 in April and is 13.4 percent higher than the 78.3 reading in May 2010. The data reflects contracts but not closings, which normally occur with a lag time of one or two months. Read more here.

For more interesting real estate news, please visit here. 

Member Benefits 

 Personal Wine

Personal Wine

Save 15% off your order. PersonalWine.com provides the perfect way to say "Thank You" on a personal level to your clients while enhancing your professional image. Personal Wine offers prize winning wines and products custom labeled with your message, logo or graphics. Choose from over 90 wines offered at 20-50% off retail prices and access to limited edition and exclusive reserve offerings. Custom label design services are free. Purchase by the bottle, case, bulk order or just the labels! For more details, click here.

LifeLock

lifelock

CAR members are entitled to a 10% discount off this valuable and already affordable service! LifeLock is designed to protect your identity and help manage your credit. It is intended to prevent crimes before they occur by taking several precautionary measures such as blocking your credit so only you can use it and stopping pre-approved credit offers. Additionally, it is backed by a $1,000,000 reimbursement guarantee should your identity ever be stolen while subscribing to their service. The discounted subscription fee is $9 a month (or $99 a year). For more details, click here.

Six Flags

six flags

CAR members can purchase admission tickets at a discount. The tickets are good any day during the 2011 season and are offered at a reduced price of $26 each (regular gate price is $44.99 for adults/$34.99 kids). Kids 2 and under are FREE! This online benefit program offers not only substantial savings, but allows you to "print and go" so you have your ticket in hand when you get to the park with no waiting in line to purchase tickets. For more details, click here.  

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