Menu

E-News Weekly

January 12, 2019

REALTOR NEWS

Forbes: "People First, Jobs Follow: Cause and Effect in Real Estate and its Impact on Affordability"
Earlier this year, the U.S. Census Bureau shared its latest data concerning suburban population demographics from 2016 to 2017, revealing a trend that many had long suspected: As more big cities become less affordable, people are moving back to the suburbs. Learn more.  

NAR: "Planning to Buy a Home in 2019?"
Nadia Evangelou, National Association of REALTORS research economist, said mortgage rates are starting off 2019 at very good levels. Evangelou said mortgage rates have declined, starting the new year with the 30-year fixed rate mortgage dipping to 4.5 percent last week from 5 percent a month ago, according to mortgage finance provider Freddie Mac. Learn more. 

MarketWatch: "Real-estate agents say government shutdown is impacting the housing market"
The National Association of Realtors surveyed 2,211 of its members and found 11 percent reporting an impact on current clients and another 11 percent reporting an impact on potential clients. Approximately 75 percent of agents found no impact. Despite the survey findings, MarketWatch said there were a number of ways the government shutdown has impacted the market. Learn more. 

GOVERNMENT AFFAIRS

State legislature begins 2019 session
On January 9, the State Assembly and Senate convened to start the 2019 legislative session. Senate Democratic Majority Leader Andrea Stewart-Cousins (Yonkers) laid out the conference’s agenda, which included making the 2 percent property tax cap permanent. Last month, Gov. Andrew Cuomo also stated that he would be pushing for a permanent tax cap in 2019. Democratic Assembly Speaker Carl Heastie (Bronx) laid out a similar list of progressive priorities, including reproductive health initiatives, gun safety, affordable housing, tenant rights and passing the Dream Act and Child Victims Act.

Governor Cuomo announces date for State of the State address
Gov. Andrew Cuomo is expected to deliver his State of the State address on Tuesday, January 15. He will likely combine the speech with his Executive Budget presentation and proposal. NYSAR will review and report on the governor’s budget when the legislation is released.

NYC Council addresses spike in store-sign violations
The New York City Council voted on Wednesday to institute a two-year moratorium on violations related to store signs and awnings after a mysterious spike in 311 complaints that led to costly penalties for small businesses. The bill, which Mayor Bill de Blasio is expected to sign, would also create an interagency task force to study the issue, waive or return fines for some past violations, and require the city to provide education and training to help small businesses ensure their signs comply with the law. Click here for more information. 

NYC Mayor de Blasio announced new tenant protection office
New York City Mayor Bill de Blasio announced the creation of the Mayor’s Office to Protect Tenants, which will lead the city's anti-harassment and outreach initiatives across multiple agencies, during his State of the City address on Thursday. The office will be tasked with coordinating city agencies and initiatives that work on tenant and landlord issues. The state legislature may also take up the issue of new state rent laws later in the year.
 
NYC vacancy tax proposal
New York City Mayor de Blasio said he will urge state lawmakers to approve legislation that would impose a vacancy tax penalizing landlords who keep storefronts vacant for extended periods. Click here for more information. 

UPCOMING EVENTS

MyFloodStatus January webinars 
Flood zone errors and confusion are rampant and REALTORS need to know what information they can count on. MyFloodStatus can help you be a hero to your clients. Register for a free, 30-minute webinar on January 14 or 28 at 9:30 a.m. Learn about their low-cost, pinpoint accurate, insured flood determination reports and the discount pricing you'll receive as a NYSAR member. Register now!

Register for the Taxbot webinar on January 17
Join Taxbot's latest webinar, "How to legally and ethically build up your fortune," on Thursday, Jan. 17 at 2 p.m. You'll learn how to drastically lower the amount of taxes you're paying and save money while receiving the full support of the IRS. Whether you're just getting started in business or you're a seasoned pro, you won't want to miss this webinar, which will be presented by Sandy Botkin, former IRS trainer and tax attorney. Register now! 

GRI-1 to be held in West Babylon on Jan. 29
Capitalize on what sets REALTORS apart from real estate licensees. Discover how to put the Code of Ethics to work for you, maximize your REALTOR benefits and enhance your professionalism, and your career through community involvement. Learn more

PSA to be held in White Plains on Feb. 6
In the Pricing Strategies: Mastering the CMA course, you will learn how to evaluate the existing real estate market to take the guesswork out of pricing homes. As the core requirement for the Pricing Strategy Advisor (PSA) certification, this course will enable you to determine the market-based value range of a home, choose the most appropriate comparables for a property, compile a CMA report for property presentation and collaborate with appraisers. Learn more

2019 Code of Ethics and Professional Standards Hearing Procedures Training 
This course is a must for local board/association presidents, directors, executive directors, professional standards administrators and legal counsels, as well as grievance and professional standards committee members. Any other members interested in learning more about the professional standards process are also welcome. In this course, you'll gain a full understanding of the conduct of ethics and arbitration hearings, enforcement procedures and disciplinary guidelines, learn about the mediation process and its benefits and explore the mandatory Ombudsman program and citation options. The training will be held on March 6 in Batavia, March 7 in Syracuse, March 8 in Binghamton, March 14 in Saratoga and March 15 in Lake Placid. Register today! 

MEMBER PERKS

Save at Home Depot
NYSAR members receive an exclusive five percent discount on all gift card purchases at Home Depot. Learn more

Save on everything from childcare to gym memberships with LifeMart 
The NYSAR Member Discount Marketplace offers discounts on everything ranging from child care, gym memberships and restaurants to theme parks, movies, flowers and more. Learn more.

RPAC

RPAC VIP Lounge to be held on Tuesday, Feb. 12 at the Mid-Winter Business Meetings
Back by popular demand, the RPAC VIP Lounge will be open on Tuesday, February 12 during the NYSAR Mid-Winter business meetings at the Desmond. Receive a manicure, massage, psychic reading, drawing by a character sketch artist, enjoy a deluxe breakfast and lunch, and much more with a new $250 RPAC investment to kick off the 2019 RPAC fundraising year. For complete details, click here. Register for the RPAC VIP Lounge when you register for the Mid-Winter Business Meetings in the NYSAR Portal

Award presentations at the Mid-Winter Business Meetings to be held on Feb. 12
The 2018 local board RPAC award ceremony, Lawrence B. Caldwell RPAC Service award presentation and 2018 RPAC of New York Hall of Fame induction will take place during the General Session at the Desmond Hotel & Conference Center on Tuesday, February 12 from 2-3:30 p.m. in the King Street Ballroom.
 
Auction Item – Coach bag & key chain
Deluxe Coach bag & key chain – enough said! Generously donated by Connie Ryan of the Greater Syracuse Association of REALTORS. Bidding will end at the close of business on Thursday, January 31. The starting bid is $125. To bid, visit the RPAC of New York Facebook page or contact Derick King at 518-463-0300 x238 or at dking@nysar.com

Contributions are not deductible for income tax purposes. Contributions to RPAC are voluntary and are used for political purposes. You may contribute more or less than the suggested amount. You may refuse to contribute without reprisal and the National Association of REALTORS, the New York State Association of REALTORS or any of its local boards or associations will not favor or disfavor any member because of the amount contributed. 70% of each contribution is used by your state PAC to support state and local political candidates. Until your NYSAR PAC reaches its PAC goal, 30% is sent to National RPAC to support federal candidates and is charged against your limits under 2 U.S.C. 441a; after NYSAR PAC reaches its RPAC goal, it may elect to retain your entire contribution for use in supporting state and local candidates. Contributions are not deductible for income tax purposes. Contributions to RPAC are voluntary and are used for political purposes. You may contribute more or less than the suggested amount. You may refuse to contribute without reprisal and the National Association of REALTORS, the New York State Association of REALTORS or any of its local boards or associations will not favor or disfavor any member because of the amount contributed. 70% of each contribution is used by your state PAC to support state and local political candidates. Until your NYSAR PAC reaches its PAC goal, 30% is sent to National RPAC to support federal candidates and is charged against your limits under 2 U.S.C. 441a; after NYSAR PAC reaches its RPAC goal, it may elect to retain your entire contribution for use in supporting state and local candidates.  

Featured Content

The November/December digital edition of New York State REALTOR is now available!

We celebrate our 2018 Community Service Award winners, look back at the Fall Business Meetings at Turning Stone, discuss disclosures other than agency disclosures, look at the market forecast and more in the November/December issue of New York State REALTOR magazine. Read the latest issue.
Industry Resources