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Official Publication of the Greater Metropolitan Association of REALTORS®
GMARonline.com JUNE 2021
GMAR Celebrates National
Homeownership Month &
Pride Month this June!
JUNE 2021
Table of Contents
3 President's Report
4 CEO’s letter
VOLUME 18, NUMBER 6 6 Legislative Update
the official publication of the
Greater Metropolitan 7 GMAR Education Calendar
Association of REALTORS®
24725 W Twelve Mile Rd, Ste 100, 8 What is PMI?
Southfield, MI 48034 9 YPN Report
248-478-1700
www.GMARonline.com 10-11 Welcome New Members
President: Katie Weaver 12 RPAC Report
President Elect: Teri Spiro
Treasurer: Nathan Boji 13 Thank You RPAC Investors
Past President: James Cristbrook
14 From an Affiliate
DIRECTORS
District 1: Rob Shaffer 15 June ToolShop Sale
District 2: Frank Tarala
District 4: Steven Gottlieb 16-17 GMAR Market Update - April 2021
District 5: Dee Dee Ohara Blizzard
District 6: Devon Smith 18-19 April 2021 Sales Summary
District 7: Toni Jennings
At Large Director: Pam Bartling 21-27 GMAR Education Flyers
At Large Director: Michael Brown
Affiliate Director: Mary Ross
STAFF
Vickey Livernois, Chief Executive Officer
Stacie Andrew, Member Outreach Coordinator
Traci Dean, Education Coordinator
Marnie Gray, Accountant
Travis Greer, Director of Realtor® and Community Affairs
Porsha Hall, Membership Director
Caryn MacDonald, Executive Assistant SPONSORS
Pauline Olszewski, Professional Standards Administrator
& Toolshop™ Manager
Corey Segnitz, Graphic Designer
SUPPORT THOSE WHO SUPPORT YOU
August Spree, Event Coordinator
This edition of the Metropolitan REALTOR® is made possible by the
Kevin Tshiamala, Marketing & Communications Director
following industry partners:
Michigan State Housing Development Authority............................................. 5
PRESIDENT’S REPORT
By KATIE WEAVER - 2021 GMAR President
President@gmaronline.com
GMAR & the Greater Realtors
Foundation Partner with
Community Housing Network!
GMAR and the Greater Realtors Foundation Vision
are proud to announce a new partnership with Community Housing Network will be a
The Community Housing Network! We fulfilled nationally recognized housing leader in
our five-year commitment to support Guardian innovative housing solutions that provide
Angels Medical Service Dogs, a fantastic charity positive social impact. CHN develops
supporting veterans with PTSD and other partnerships that are the foundation
traumatic injuries or conditions. for positive change for individuals and
The GMAR Member Engagement Committee communities to thrive.
interviewed several local charities focusing
on housing and community. The Community History
Housing Network stood out from the rest, CHN opened its doors in 2001 with funding
providing housing opportunities, education, and from Oakland Community Health Network (then
advocacy for those in need. GMAR & the GRF known as Oakland County Community Mental
couldn't be happier to support this cause and Health Authority). At that time, the organization
hope that you will too. was charged with providing property
management for housing for people with
Community Housing Network is a nonprofit
disabilities, creating a Housing Resource Center,
organization committed to providing homes
and developing additional affordable housing
for people in need through proven strategies of
opportunities for people with disabilities.
homelessness prevention, housing assistance
and development, community education and Since then, CHN has grown rapidly in the
referral, advocacy, and additional services. The scope of services and programs provided and in
Community Housing Network carry out their the number of people they help.
work in Southeast Michigan. The Housing Resource Center (HRC), now
They help people who are homeless, people receives more than 22,400 calls per year – each
with disabilities, and anyone in a housing crisis. call representing someone looking for assistance.
Their Housing Resource Center, a one-stop shop HRC staff works hard to connect people to vital
for all things housing, directs people to resources programs and services to prevent them from
at Community Housing Network and other becoming homeless or to help them with their
organizations. The Community Housing Network housing needs.
collaborates closely with community partners to The scope of CHN’s Housing Development
provide the highest level of service possible to programs has grown as well, with more than
those who need it most. 824 units developed since 2001 and more than
$122.3 million in funding leveraged.
Read Community Housing Network’s core
values below: Donations to the Greater Realtors Foundation
can be made by clicking here.
Mission
At Community Housing Network (CHN), we
strengthen communities by connecting people
to housing resources.
Metropolitan REALTOR® | 3
CEO’S LET TER
By VICKEY LIVERNOIS
Chief Executive Officer
Happenings at the Virtual NAR
Legislative Conference
As I write this article, many of the GMAR, State, Yun, shares with us his industry predictions for
and National leaders are coming down from the the rest of 2021 and leading into 2022 in a post-
2-week virtual NAR Legislative Conference held Covid economy.
in May. While these meetings are typically held If you have ever attended – you know this
in Washington, DC, this was yet another virtual is a great session – if you haven't, I encourage
conference. I hope that many had an opportunity you to spend an hour of your day with us.
to join the virtual conference who may not His information is research-based and offers
usually go due to travel expenses – because well, a glimpse into the economy, the real estate
being that it was virtual, it was also free to all market, what has happened and what is
members! The Hill Visits hosted by the Michigan anticipated in the year to come.
Federal Political Coordinators were fantastic once
Registration is free, and this session is virtual
again as well – it is so impactful to meet with
from the comfort of your own home or office.
elected officials to have honest conversations
Visit GMARonline.com/events to reserve your
about what challenges are facing the real estate
space.
industry.
As you are carefully planning your days this
While the virtual meetings are bittersweet,
summer, be sure to make time for fun, family,
I think many are ready to get back to our pre-
friends, and relaxation too! We have the perfect
Covid days.
fix for that too! The Greater Realtors Foundation
I believe that we will end up with a hybrid (www.greaterrealtorsfoundation.org) is hosting a
of in-person and virtual events. This may even Summer Nights Fundraiser.
become a bit overwhelming for many as the ease
This unique fundraiser is the perfect fit into
of schedule that extra meeting is far too simple
anyone's summer plans, and proceeds go to
with Zoom and the technology we have grown
help a great cause! A Summer Nights Box can
to love (and hate) over these last 18 months.
be purchased for $200 (an excellent gift for
My advice is to choose your schedule wisely! Be
clients too!) and includes party supplies for
mindful that you are allowing some downtime
eight people, including s'mores kit, sparklers,
between meetings, or you will indeed get burnt
cups, a Camp Craft Cocktail kit, and more! The
out quickly as we begin to transition back to that
box is sent to you in time for Independence Day
"new normal."
celebrations, or whenever – you choose the date
Speaking of choosing your schedule wisely – I and invite your crew of friends and family to
do have a session that you certainly won't want enjoy with you on a beautiful Michigan Summer
to miss! Night!
And it will take less than an hour of your day The only catch is boxes need to be ordered no
to find out what is happening in the real estate later than June 9th! More info online at www.
industry and how long it is expected to last. GMARonline.com/events.
Join us on Thursday, June 10th from 11:30 We wish everyone a safe, happy and healthy
a.m. – 12:30 p.m.; NAR's Chief Economist and Summer – looking forward to seeing you soon!
Senior Vice President of Research, Dr. Lawrence
You’ve got clients.
We’ve got
home loans.
Our Down Payment Assistance loan –
combined with a Conventional,
Rural Development or FHA home loan –
can make home buying up to $7,500 better.
More at Michigan.gov/Homeownership.
™
1.844.984.HOME (4663)
Equal Housing Employer/Lender
Terms and conditions apply. Find out more at Michigan.gov/Homeownership.
Metropolitan REALTOR® | 5
L E G I S L AT I V E U P D AT E
By TRAVIS GREER
GMAR Director of Realtor®
and Community Affairs
CALL FOR ACTION:
Preserve Private Property Rights
Realtors® believe that an owner's ability Realtors® oppose zoning bans that preemptively
to rent residential property on a short-term tell property owners they cannot rent residential
basis periodically is a fundamental property property on a short-term basis. Reasonable
right. Communities across the state have long regulation of rental activity outside of zoning
recognized vacation rentals as an essential supports local government control and protects
tradition that positively impacts the local the rights of all property owners.
economy. Our vacation rental tradition promotes The rental of residential property is essential
Michigan as a great destination. to Michigan's second-home markets and urban
Please go to www.mirealtors.com to areas around event destinations that see guests
message your state legislators urging them supporting local businesses. The ability to rent is
to SUPPORT the preservation of the right to a fundamental component of ownership.
rent private property on a short-term basis in Michigan Realtors® need to contact their
Michigan! state legislators. Tell them now is the time
The practice of vacation rental, often for a for the Michigan Legislature to define short-
week interval, allows for the use of a property term private property rental rights in support
owner's fully furnished residence in a vacation of ownership while continuing to allow for
area or near an event destination. The practice reasonable local regulation of the activity
dates back generations and is favorable among outside of zoning by voting in favor of House
tourists that embrace intimate options near Bill 4722 and Senate Bill 446.
their respective destinations. The practice helps
Michigan property owners – many of whom
reside elsewhere throughout much of the year
– in the payment of non-homestead property
taxes and aids the upkeep of their property.
Michigan Realtors® support clarifying and
defining the right of a property owner to rent
residential property on a short-term basis.
GMAR EDUCATION CALENDAR 2021
JUNE 2021
DISCOVERING COMMERCIAL REAL ESTATE GMAR STANDARD CONTINUING EDUCATION & AT HOME WITH DIVERSITY- 2 DAYS
CE Credits: 2 Standard & 1 legal CODE OF ETHICS CE Credits: 6 standard and 2 legal
June 7 CE Credits: 3 standard| 3 legal June 24 & 25
09:00 a.m. – 12:00 p.m. June 16 10:00 a.m. – 2:00 p.m.
VIRTUAL 9:00 a.m. – 3:00 p.m. VIRTUAL
Instructor: Anthony Jabonski VIRTUAL Instructor: Furhad Waquad
FREE, Membermax & EduPass Instructor: Dennis Kozak FREE, Membermax & EduPass
$25, Members FREE, Membermax & EduPass $39, Members
$35, Non-Members FREE, Members $49, Non- Members
Register: https://bit.ly/34C5Xes $35, Non-Members Register: https://bit.ly/3i9vumU
Register: https://bit.ly/3g0Yjzp
** All days must be attended** MILITARY RELOCATION PROFESSIONAL
ACCREDITED BUYER’S REPRESENTATIVE FEMA & FLOOD ZONE COURSE CERTIFICATION (MRP)
DESIGNATION (ABR)- 3 DAYS CE Credits: 2 legal CE Credits: 8 standard
CE Credits: 13 standard, 2 legal June 17 June 28 & 29
June 8, 9 & 10 10:00 a.m. – 12:00 p.m. 9:00 a.m. - 12:30 p.m.
12:00 p.m. – 4:00 p.m. VIRTUAL VIRTUAL
VIRTUAL Instructor Karol Grove Instructor: Leslie Ashford
Instructor: Bart Patterson FREE FREE, Membermax & EduPass
FREE, Membermax & EduPass Register: https://bit.ly/3yVMR0s $49, Members
$99, Members $59, Non-Members
$115, Non-Member MANAGING YOUR BUSINESS: Register: https://bit.ly/2S4IShw
Register: https://bit.ly/3yQZUQR REAL ESTATE & SUCCESSION PLANNING
CE Credits: 4 standard AGENT 101
SHORT SALE & FORECLOSURE CERTIFICATION June 17th CE Credits: 2 legal
(SFR)- 2 Days 9:00 a.m. - 1:00 p.m. June 29 & 30
CE Credits: 6 standard, 2 legal VIRTUAL 1:00 p.m.- 3:00 p.m.
June 14 & 15 FREE! VIRTUAL
9:00 a.m. – 12:30 p.m. Register Here: https://bit.ly/3pboZSf Instructor: Deanna DuRussel
VIRTUAL FREE: Membermax & Edupass
Instructor: Brent Belesky SUCCESSFULLY SELLING HUD HOMES $20, Non-Members
FREE, Membermax & EduPass CE Credits: 3 standard Register: https://bit.ly/3vFRvxD
$39, Members June 24
$49, Non-Member 10:00 a.m. – 1:00 p.m.
Register: https://bit.ly/2TplICU VIRTUAL
Instructor: Steve Katsaros
MORNING CHAT WITH GMAR AFFILIATES FREE, Membermax & EduPass
CE Credits: 0 $20, Non- Members
June 15 Register: https://bit.ly/2Rdy6W0
9:00 a.m. – 10:00 a.m.
VIRTUAL
Instructor: GMAR Affiliates
FREE
Register Here: https://bit.ly/3c9xQyu
Metropolitan REALTOR® | 7
What is PMI?
How to Get Out of
PMI Payments.
By Grant Spencer - Michigan First Mortgage There are many ways to get rid of PMI:
You just got your pre-approval letter from your lender Pay Down your Mortgage: pay your mortgage loan
and you are ready to purchase the home of your dreams. amount to 80% or lower on a conventional loan and then
Reviewing your pre-approval letter, you start thinking of make the request to your lender. It may take several years if
what your monthly mortgage payment will be and will it you are making the minimum mortgage payment. Making
be manageable. Depending on how much you put down extra mortgage payments will help you get there sooner.
on a home and what type of program you qualify for,
your mortgage payment may consist of many parts. Your Refinance the Mortgage: have an appraisal done to show
mortgage payment will break out to a principle and interest the value of your home has risen and refinance the loan to
portion that pays downs the amount you borrowed, if you a loan amount at or under 80% LTV on a conventional loan.
escrowed taxes and insurance and depending on how much By refinancing, you may get a lower interest rate and reduce
you borrowed it may include PMI or mortgage insurance. your monthly payment.
PMI or Private Mortgage Insurance is a type of mortgage Pay the Mortgage Down to 78% of the purchase
insurance that you are required to pay on certain programs. price: at this point the servicer is required to drop the PMI
If you are borrowing over 80% LTV on a conventional loan coverage automatically
or are doing a FHA loan you are required to pay for PMI. Refinance out of an FHA loan to a conventional loan
PMI protects the lender, not you, if you stop making your under 80% LTV. Don’t forget no matter how long you have
mortgage payments. PMI is arranged by the lender through left on an FHA loan, you will always have to pay PMI.
third party private insurance companies. There are many Though you may be dreaming of the thought of getting
ways to pay for mortgage insurance. Most common way is rid of PMI as soon as possible, be sure to crunch the numbers
monthly through your mortgage payment or as a one-time to see if it makes sense.
up front premium paid at closing. As a rule of thumb, expect
Happy Shopping!
to pay $40-$50 each month per $100,000 borrowed for a
monthly payment.
8 | Metropolitan REALTOR®
YPN REPORT
By CLAUDIA HERNANDEZ
Happy June!
As we conclude Mental Health Awareness and had various information that we can use on
Month, I wanted to mention this is a critical our day-to-day business and personal life. We
time of the year to check in on other agents, finally have a date for one of our favorite and
friends, family, and clients. There have been so most asked about the event: TopGolf. We will be
many changes continually happening over the hosting this on September 23rd, and while we
last year. Some of us have adjusted as quickly as finalize details in the next couple of months, we
possible, but this is not the case for all. Speaking will make sure everyone has enough time to plan
of changes, as the state continues to open a bit around it.
more, it is vital to continue conducting business While life is starting to feel like it's coming back
safely and healthily. Remember, we as realtors to some type of “normal,” remember to continue
hold a lot of responsibility for this virus not to following regulations and keep an eye out for
continue spreading through our showings. specific information coming directly from NAR,
YPN is very excited to continue putting events GMAR, Michigan Realtors, and your brokers.
together. Our How-To Series in May went well Happy beginning of Summer!
Metropolitan REALTOR® | 9
NEW MEMBERS
Abdellatif, Jamiel–EXP Realty, LLC Ferrer, Jazmin–EXP Realty, LLC
Abdulsayed, Satter–Remerica Hometown One Field, Juliana–KW Home Realty
Abi-Fakhreddine, Asia–Emerald Realty Group Inc. Fortin, Dan–RE/MAX Home Sale Service
Aburto, Xavier–Rocket Homes Real Estate LLC Foster, Jessica–KW Advantage
Adams, Christopher–Expert Realty Solutions Inc. Fowler, Emmeline–Re/Max First Clinton Twp. A
Aguinaga, Tara–EXP Realty, LLC Franklin, Ashley–Berkshire Hathaway Home Servic
AHMED, IQBAL–Max Realty LLC Gabbara, Jeremy–Level Plus Realty
Alaniva, Yvonne–Preferred, Realtors Ltd Gaddis Jr, Antonio–EXP Realty, LLC
Alkassyonan, Jacob–Berkshire Hathaway Home Servic Galloway, Iyeshia–EXP Realty, LLC
Anderson, Stephanie–KW Home Realty Gardner, James–Fathom Realty
Angello, Gregory–EXP Realty, LLC Germain, Shelby–Re/Max Dynamic
Arabo, Romi–Level Plus Realty Germain, Amanda–Preferred, Realtors Ltd
AuBuchon, Nathan–KW Advantage Gibbons, Kelly–Rocket Homes Real Estate LLC
Austin, Traci–Century 21 Today, Inc. Gooch, Benjamin–Quest Realty LLC
Ayala, Alex–EXP Realty, LLC Gossman, Daniel–Keller Williams Realty Central
Azou, Kevin–EXP Realty, LLC Grace, Kelly–Rocket Homes Real Estate LLC
Badawi, Ismaeel–Anthony Djon Luxury Real Estat Guel, Michael–KW Advantage
Bailey, Craig–Urban Ridge Realty, LLC Gurczynski, Jillian–National Realty Centers Northv
Baldwin, Levonce–KW Advantage Haddad, Samuel–Vylla Homes
Banchoff, Cole–RE/MAX Home Sale Service Hampton, Shane–Nelson Property Management
Barone, Anthony–Red Door Realty Inc. Hankins, Torantie–Keller Williams Metro
Bartolotta, Fiorenza–Nino & Associates Realty Co. Harris, Dorothy–EXP Realty, LLC
Begum, Sadia–EXP Realty, LLC Hartley, Benjamin–Keller Williams Realty GP
Bey, Ashley–Pretty Homes Realty, LLC Head, Crystal–KW Advantage
Bibi, Joseph–Century 21 Curran & Oberski Heinzerling, Michelle–Century 21 Curran & Oberski
Bielfield, Jay–Clyde Realty, LLC Henning, Darin–Rocket Homes Real Estate LLC
Bond, Carla–EXP Realty, LLC Hicks, Sherritha–Great Lakes Real Estate Agency
Bondoni, Mark–Coldwell Banker Weir Manuel Higgins, George-Micha–Real Living Kee Realty SCS
Botzen, James–EXP Realty, LLC Hodge, Mesha–KW Advantage
Bowman, Michael–Brookstone, Realtors Holcomb, Luke–Signature Sotheby's Inter.
Boyt, Megan–Fathom Realty Huang, Kathy–Braven Enterprises LLC
Brogdon, Dennis–Woodward Square Realty, LLC Hudson-Battiste, LeChell–Ahmbi Realty
Brown, Kayla–Century 21 Curran & Oberski Humes, Maliek–KW Home Realty
Brunson, Georgette–Keller Williams Metro Isenegger, Ian–Ascend Real Estate, LLC
Byers, Kimberlee–Real Living Kee Realty Jaber, Al-fadl–KW Advantage
Campbell, Glenn–Century 21 Today, Inc. Jarvi, Joshua–KW Advantage
Carnagie, Shane–Social House Group Jeffords, Jennifer–EXP Realty, LLC
Caruso, Natashia–Clients First, Realtors® Jeffrey, Raymond–RE/MAX Nexus
Cassise, Kelly–Century 21 Curran & Oberski Jirjees, Sahira–Realty Executives Home Towne
Cavataio, Jordan–Arterra Realty LLC Johnson, LeAnne–Brookstone, Realtors
Chelovich, Katherine–Hall & Hunter Johnson, Jennifer–Moving The Mitten RE Group
Chickonoski, Ashley–Rocket Homes Real Estate LLC Johnson, Verlena–EXP Realty, LLC
Chmiel, Sherri–Brookstone, Realtors Johnson, Janetta–Landmark Realty
Cianfarani, Rudolph–KW Professionals Kardia, Gabriel–KW Advantage
Coleman, Morgaen–EXP Realty, LLC Kassab, Christopher–EXP Realty, LLC
Connell, Lindsay–Remerica United Realty Kehoe, Eric–Dillon Hunter Homes LLC
Coughenour, Brian–RichRealty Kendzior, Michael–Re/Max Cornerstone
Coves, Donnell–EXP Realty, LLC Khadiri, Zahiya–Century 21 Curran & Oberski
Cullon, Megan–Re/Max Eclipse Khan, Rashad–Federa Inc
Curri, Elvis–EXP Realty, LLC Kostus, Cameron–Max Broock, REALTORS, Brmnghm
Danial, Abir–Real Living Kee Realty Kovach, Allison–Rocket Homes Real Estate LLC
Davis, Michael–EXP Realty, LLC Krakowiecki, Lara–Great Lakes Real Estate Agency
Dean, Staci–Keller Williams Metro Kroll, Michael–Fathom Realty
DeCarlo, Chelsea–RE/MAX Classic Blm. Hills Krozek, Priscilla–3DX Real Estate, LLC.
Dely, Colleen–Good Company Realty Kujawa, Kevin–Rocket Homes Real Estate LLC
DeSanto, Regina–Preferred, Realtors Ltd La Forest, Brad–KW Home Realty
Dhawan, Varinder–Sohi Realty LLC LaFata, Victoria–Max Broock
Dicker, Jacqueline–X1 Realty Laughlin, Morgan–Elite Realty
Dorchak, Cristopher–KW Professionals Lee, Christopher–Real Living Kee Realty
England, Chris–Brookstone, Realtors Lee, Chante–EXP Realty, LLC
Epperson, Michelle–The AMF Group Inc. Levine, Scott–Max Broock, REALTORS, Brmnghm
Farhat, Fadel–Complete Real Estate LLC Lewis, Cynthia–Prep Realty
Farhat, Khalil–EXP Realty, LLC Lindstrom, Jessica–Real Estate Brokers & Associat
Feick, Mark–Preferred, Realtors Ltd Lippe, Robert–Rocket Homes Real Estate LLC
10 | Metropolitan REALTOR®Lisee, Charles–Berkshire Hathaway HomeService Saad, Dana–Anthony Djon Luxury Real Estat
Llewellyn, Thomas–EXP Realty, LLC Samet, Heather–Rocket Homes Real Estate LLC
Lloyd, Janet–EXP Realty, LLC Samman, Rina–Keller Williams Paint Creek
Lockett, Rob–Prep Realty Saravanan, Siddharth–Coldwell Banker Weir Manuel Bi
Lockhart, Najuan–KW Home Realty Sarkar, Mousumi–Real Estate One Novi
Logan, Andrea–EXP Realty, LLC Sartor, Carol–Hometown Realty Source, LLC
Lopez-Luna, Jair–Rocket Homes Real Estate LLC Schwark, Kyle–KW Advantage
Luxon, Ross–Thrive Realty Company Semma, Maher–Real Estate One Farm. Hills
Lynch, Carol–Real Living Kee Realty Clinton Sever, Terry–Century 21 Row
Mann, Keith–Century 21 Curran & Oberski Shahu, Fatjon–Rocket Homes Real Estate LLC
Manzo, Paulina–Rocket Homes Real Estate LLC Shamma, Raymond–Horizon Real Estate Group, Inc
Mariya, Aziz–EXP Realty, LLC Shelton, Elijah–EXP Realty, LLC
Marrone, Ryan–Anthony Djon Luxury Real Estat Smith, Eric–Jason Mitchell
Marsh, Naoko–Relo Redac Inc. Smith, Dana–Rocket Homes Real Estate LLC
Marshall, Mira–Brookstone, Realtors Sosa, Kemper–Keller Williams Realty Central
Martens, Simone–BellaBay Realty Tri-Counties Spagnuolo, Ryan–KW Professionals
Martin, Daniel–Source Realty Spaniolo, Paul–NextHome Aegis Properties
Martin, Brent–Abode Detroit St. Peter, Ina–Clients First, Realtors®
Martinez-Garcia, Jacqueline–Century 21 Curran & Oberski Stephens, William–Remerica Integrity II
Maulbetsch, Courtney–EXP Realty, LLC Stewert, Lane–MI Choice Realty, LLC
Mayo-McConnell, Kimber–KW Advantage Stokes, Aaron–Keller Williams Metro
McCullough, Tiffany–Keller Williams Metro Stone, Joshua–Rocket Homes Real Estate LLC
McGee, Michael–Keller Williams Realty AA Mrkt Tan, Adam–EXP Realty, LLC
McGee, Tymesia–EXP Realty, LLC Taylor, Tyesha–Keller Williams Realty Central
Meesseman, Crystal–CAULEY KUHN REALTY LLC Thornton, Vickie–Elite Realty
Mehlberg, Zachary–Century 21 Curran & Oberski Torrey, Robert–NextHome Showcase
Meier, Tonya–Preferred, Realtors Ltd Trail, Marc–Key Realty One
Mendoza, Mario–Elite Realty Travers, Natasha–KW Advantage
Michael, James–KMP Realty LLC Tucci, Morgan–Arterra Realty LLC
Miles, Johnay–Ideal Real Estate Advisors,LLC Tudor, Michael–KW Advantage
Miller, Stephen–Stukkie Real Estate Underwood, Miranda–Crown Real Estate Group
Miller, Robyn–Next Step Real Estate LLC Vazquez, David–Re/Max Defined
Moore, Denise–EXP Realty, LLC Vellucci, Deborah–KW Advantage
Moore, Anthony–Anthony Moore Volltrauer, Jason–CAULEY KUHN REALTY LLC
Morgan, Rachel–Coldwell Banker Professionals Walker, Antoon–KW Home Realty
Mumbiro, Julia–Keller Williams Paint Creek Waltower, Benson–Waltower Realty LLC
Myrick, Kymosh–EXP REALTY, LLC Weatherspoon, Anthony–EXP Realty, LLC
Naumovski, Louie–RE/MAX First Weberman, Daniel–Logical Living LLC
O'Den, Christl–Century 21 Today, Inc. West, Raquel–EXP Realty, LLC
Ontiveros, Andrew–CMS Realty LLC Whan, Jeremey–Max Broock, REALTORS, Brmnghm
Owens, Monique–Veronica Todd Realty Wieck, Nicole–Keller Williams Metro
Panski, Frank–Panski & Associates Realty Willeke, Carolyn–Keller Williams Paint Creek
Parks, Kellie–Re/Max Town & Country Williams, Kandice–Pretty Homes Realty, LLC
Patton, Mary–Re/Max Defined Williams, Patrick–KW Advantage
Paul, Tanya–EXP Realty, LLC Willingham, Tiffany–EXP Realty, LLC
Pelc, Adam–EXP Realty, LLC Wilson, Cheryl–Re/Max Eclipse
Pfeifer, Kristen–X1 Realty Yatskiv, Oleh–Max Broock, REALTORS, Brmnghm
Philo, Jeremy–Preferred, Realtors Ltd Zaher, Mohamed–Century 21 Row-West Bloomfield
Pier, Mary–Keller Williams Realty Central Zajac, Kristina–Re/Max Dynamic
Pocius, Cheryl–Keller Williams Paint Creek Zebari, Rox–Weichert, Realtors-Select
Posey, LaTrease–EXP Realty, LLC
Potash, Melissa–Shain Park, REALTORS
Purnell, Jason–Expert Realty Solutions Inc.
Quainton, Marcia–Keller Williams Realty Central
Ramaiah, Vandana–Brikho Properties
Ray, Shelena–Rocket Homes Real Estate LLC
We Couldn’t Do It Without You
Reynaert, Darby–Thrive Realty Company
Richardson, Jennifer–RE/MAX Home Sale Service
Richardson, Christopher–KW Advantage THANK YOU ORIENTATION SPONSORS
Ridenour, Ashley–EXP Realty, LLC
Romain, Letoni–Nextpointe Real Estate Service
FOR THE MONTH OF APRIL 2021:
Roosenberg, Jennifer–Jennifer Lynn Roosenberg CUTCO CLOSING GIFTS
Roy, Stephen–W Realty
Ruiz, Alleyah–Century 21 Curran & Oberski
Metropolitan REALTOR® | 11R PA C R E P O R T
By GORDON MCCANN
GMAR RPAC Chair
Often I have heard from fellow
Realtors: What does RPAC do!
The REALTOR® Party is a powerful alliance of For first time home buyers GMAR is
REALTORS® and REALTOR® Associations working advocating creating the First-Time Homebuyer
to advance public policies and candidates that Savings Account. Passage of Senate Bills
build strong communities protect property 120 and 121 would create a smart savings
interests and promote a vibrant business tool to support homeownership in Michigan,
environment. Looking at it from this perspective, fostering financial literacy, investment in our
RPAC is to ensure you have a future in the sale of state, and retaining talent. These bills would
real property. create a new incentivized savings account
Some of the current issues in Michigan we are that could be opened jointly or individually
concerned with are Preserving Private Property to benefit qualified first-time homebuyer
Rights and First-Time Homebuyers Savings beneficiaries. Similar to the highly popular
Account. Currently, Vacation Rentals are being Michigan Education Savings model, this savings
threatened in Michigan. Vacation rentals account would provide up to 20 years of
and the strength of the second-home market investment deductibility off an account holders
in Michigan are essential to the health of state income tax, allowing the interest on the
Michigan’s economy; we have been a vacation designated account to grow tax-free.
and tourism destination for decades. The short- The future of selling Real Estate is in your
term rental of a fully furnished vacation home hands. By making your investment in RPAC
has long been a valued option for vacationers you are helping to ensure YOU have a future
in Michigan. It is also a significant property business for the current and future generation of
right for those homeowners that choose to clients. Make your investment today by visiting
open their homes to visitors. gmaronline.com/invest.
Currently there is a Michigan House Bill
4046 being discussed to protect these private
property rights. This legislation does not
prevent local government enforcement. Local
governments currently possess the tools – in
their nuisance ordinances and housing codes
– to protect public safety and address any
discourteous behavior – whether from a year-
round occupant or a short-term rental.
12 | Metropolitan REALTOR®R PA C I N V E S T O R S
Thank You GMAR
RPAC Investors
GMAR would like to extend a sincere thank you to all of the members who have made their investment in RPAC, the REALTORS® Political Action
Committee. By investing in RPAC, these members are supporting REALTOR®-friendly legislators and policy initiatives that reflect the REALTOR® core
values; protecting private property rights, reducing burdensome regulations on the industry and preserving the American Dream of Homeownership.
Below we recognize and applaud GMAR members who invested in RPAC for the month of April 2021.
Joseph Anderson Maureen Francis Roger Martin Lakshmi Subbiah
Robbin Barnes Kristee Golan Julie McKee Brenda Szlachta
Christin Bracken Richard Harrison E'toile O'Rear-Libbett Christopher Waring
Loretta Brown Kevin Hultgren Jeffrey Packer Katie Weaver
Juela Capo Ronald Jasgur Vikki Plagens Mary Wolfe
Donna Caumartin Frances Johnson Casey Preston Debora Zalewski
Patricia Darin Mary Anne Kennedy Elizabeth Rogers Michelle Zarghami
Debra DeAngelo Sara Lipnitz Anthony Schippa
Melissa Degen James Littlepage Devon Smith
Sarah Foster Lynn Louton Andrew Soper
OWN YOUR
*Contributions are not deductible for Federal income tax purposes. RPAC contributions are voluntary and used for political purposes. You may refuse to contribute without reprisal or
otherwise impacting your membership rights. For individuals investing $1,000.00 or greater, up to 30% of this total investment may be forwarded to the National Association of REALTORS®
RPAC. All amounts forwarded to the National Association of REALTORS® RPAC are charged against the applicable contribution limits under 2 U.S.C. 441a
PRESENT.
EMPOWER COMMITMENT
TO E XC E L L E N C E
OUR FUTURE. C2EX.realtor
You can lead the way. Commitment to Excellence is a program for REALTORS®
that empowers you to enhance and showcase your high level of professionalism.
It gives you an advantage in our highly competitive market, and will help lead
the way in improving consumer perception of our industry as a whole.
Be an advocate for the future of our industry. Be committed to excellence.
Go to C2EX.realtor to learn more!
Metropolitan REALTOR® | 13F R O M A N A F F I L I AT E
By RENEE SMITH
2021 GMAR Affiliate Committee Chair
Title Partners/Business Development Manager
rsmith@mytitlepartners.com
Happy National
Homeownership Month
As we approach the middle of the year and to navigate through the selling, buying, or even
celebrating National Homeownership Month, refinancing process. GMAR provides numerous
which should be such an exciting time for buyers classes to help educate agents and tools to keep
and sellers, I think we can agree that in this in your toolbox for just this purpose. By being
market, the sellers are on the “Happier” end of a member of GMAR, you have access to the
the transaction. Most sellers are receiving offers most professional Affiliate partners in various
over the listing price of their homes, which is industries such as Home Inspectors, Home
leaving buyers in bidding wars and paying over Insurance Companies, Moving Companies, Real
the asking price. Estate Attorneys, Title Companies, Mortgage
This market trend is not to say the value is Companies, Financial Advisors, and Client Follow
not there, however even more of a reason to up services, to name a few. Use these tools to
help educate your clients on all aspects of the help put your client’s offers on top of all the
home buying and selling process. There could others!
be numerous challenges you face as your buyers Visit gmaronline.com/affiliate-search to access
are requested to potentially give up some a directory of GMAR’s Affiliate partners.
protections the purchase agreement has to offer,
such as inspection and appraisal contingencies
and occupancy charges. Now, you are dealing
with inspection waivers and appraisal guarantees
along with potentially thousands, if not 10’s
of thousands of dollars over asking! This type
of event is now more than ever where your
clients turn to you for assistance and guidance
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Metropolitan REALTOR® | 15REALCOMP MONTHLY HOUSING STATISTICS
REPORT NOW AVAILABLE ONLINE
Here are the monthly real estate statistics for the month of April for the Tri-County area. The PDF of housing statistics can also
be located in our knowledge library here: gmaronline.com/resources/library
16 | Metropolitan REALTOR®Local Market Update – April 2021
A Research Tool Provided by Realcomp
Wayne County
Residential April Year to Date
Key Metrics 2020 2021 % Change Thru 4-2020 Thru 4-2021 % Change
New Listings 693 2,082 + 200.4% 6,396 6,894 + 7.8%
Pending Sales 467 1,754 + 275.6% 4,317 6,046 + 40.1%
Closed Sales 911 1,431 + 57.1% 4,535 5,294 + 16.7%
Days on Market Until Sale 36 23 - 36.1% 45 31 - 31.1%
Median Sales Price* $156,500 $175,000 + 11.8% $135,000 $160,000 + 18.5%
Average Sales Price* $185,457 $218,512 + 17.8% $167,798 $198,662 + 18.4%
Percent of List Price Received* 97.2% 100.5% + 3.4% 96.0% 99.1% + 3.2%
Inventory of Homes for Sale 3,929 1,865 - 52.5% –– –– ––
Months Supply of Inventory 2.8 1.1 - 60.7% –– –– ––
Condo April Year to Date
Key Metrics 2020 2021 % Change Thru 4-2020 Thru 4-2021 % Change
New Listings 82 310 + 278.0% 793 1,006 + 26.9%
Pending Sales 50 255 + 410.0% 531 846 + 59.3%
Closed Sales 113 212 + 87.6% 560 730 + 30.4%
Days on Market Until Sale 42 43 + 2.4% 50 45 - 10.0%
Median Sales Price* $170,500 $195,000 + 14.4% $155,000 $189,000 + 21.9%
Average Sales Price* $189,424 $236,584 + 24.9% $184,901 $216,422 + 17.0%
Percent of List Price Received* 97.4% 99.4% + 2.1% 97.0% 98.6% + 1.6%
Inventory of Homes for Sale 560 386 - 31.1% –– –– ––
Months Supply of Inventory 3.3 1.8 - 45.5% –– –– ––
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
Median Sales Price - Residential Median Sales Price - Condo
Rolling 12-Month Calculation All MLS Rolling 12-Month Calculation All MLS
Wayne County Wayne County
$250,000 $200,000
$175,000
$200,000
$150,000
$150,000
$125,000
$100,000
$100,000
$75,000
$50,000
$50,000
$0 $25,000
1-2003 1-2005 1-2007 1-2009 1-2011 1-2013 1-2015 1-2017 1-2019 1-2021 1-2003 1-2005 1-2007 1-2009 1-2011 1-2013 1-2015 1-2017 1-2019 1-2021
A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point.
Current as of May 7, 2021. All data from Realcomp II Ltd. Report © 2021 ShowingTime.
Metropolitan REALTOR® | 17FOR IMMEDIATE RELEASE
Statistics Contact:
Francine L. Green, Realcomp II Ltd. [248-553-3003, ext. 114], fgreen@corp.realcomp.com
Residential Homes Continue to Fly Off the Lots
D ays on M ark et at Low est Lev el, P ercen t of List P rice at H igh est in 1 8 years
April Real Estate Market Commentary:
April was another strong month for home sales. The busy spring market continues to see many multiple offer
situations driving sales prices above asking price. With such strong activity, by the time a property sale closes, the
market may have already moved higher than that sold price suggests. Such markets can create stress and frustration
for prospective homebuyers, who are frequently having to submit offers on multiple properties before they are able to
secure a purchase. April Y-O-Y comparisons in closed sales, pending sales, new listings, and average showings per
listing reflect significant increases over a COVID-19 related to closed marketplace in 2020.
Closed Sales increased 40.2 percent for Residential homes and 89.0 percent for Condo homes. Pending Sales
increased 182.4 percent for Residential homes and 293.3 percent for Condo homes. Inventory decreased 53.7
percent for Residential homes and 45.6 percent for Condo homes. The Median Sales Price increased 19.0 percent to
$229,000 for Residential homes and 16.7 percent to $210,000 for Condo homes. Days on Market decreased 54.8
percent for Residential homes and 32.2 percent for Condo homes. Months-Supply of Inventory decreased 61.5
percent for Residential homes and 54.8 percent for Condo homes.
In the spirit of the great Wayne Gretzky, buyers, sellers, and their agents are all trying their best to skate to where
the puck, or rather, the housing market, is going, not where it has been. While housing affordability remains an area
18 | Metropolitan REALTOR®Listing and Sales Summary Report
April 2021
Listing and Sales Summary Report
April 2021
Total Sales (Units) Median Sales Prices Average DOM On-Market Listings (Ending Inventory)
Apr-21 Apr-20 % Change Apr-21 Apr-20 % Change Apr-21 Apr-20 % Change Apr-21 Apr-20 % Change
All MLS (All Inclusive) 9,791 6,732 +45.4% $225,000 $190,401 +18.2% 30 62 -51.6% 12,068 25,482 -52.6%
Total Sales (Units) Median Sales Prices Average DOM On-Market Listings (Ending Inventory)
City of Detroit* 358 196 +82.7% $75,000 $65,000 +15.4% 45 57 -21.1% 1,085 2,068 -47.5%
Dearborn/Dearborn Heights* Apr-21
184 Apr-20
103 %+78.6%
Change Apr-21
$175,000 Apr-20
$163,000 %+7.4%
Change Apr-21
16 Apr-20
36 %-55.6%
Change Apr-21
151 Apr-20
342 %-55.8%
Change
All MLS (All
Downriver Inclusive)
Area* 9,791
363 6,732
256 +45.4%
+41.8% $225,000
$159,000 $190,401
$144,950 +18.2%
+9.7% 30
23 62
33 -51.6%
-30.3% 12,068
326 25,482
661 -52.6%
-50.7%
City of Detroit*
Genesee County 358
440 196
292 +82.7%
+50.7% $75,000
$180,000 $65,000
$153,000 +15.4%
+17.6% 45
25 57
52 -21.1%
-51.9% 1,085
567 2,068
1,077 -47.5%
-47.4%
Dearborn/Dearborn
Greater Wayne* Heights* 184
1,285 103
828 +78.6%
+55.2% $175,000
$198,500 $163,000
$170,000 +7.4%
+16.8% 16
20 36
32 -55.6%
-37.5% 151
1,166 342
2,421 -55.8%
-51.8%
Downriver Area*
Grosse Pointe Areas* 363
73 256
57 +41.8%
+28.1% $159,000
$375,000 $144,950
$325,000 +9.7%
+15.4% 23
33 33
54 -30.3%
-38.9% 326
103 661
209 -50.7%
-50.7%
Genesee County
Hillsdale County 440
57 292
35 +50.7%
+62.9% $180,000
$150,000 $153,000
$141,500 +17.6%
+6.0% 25
73 52
118 -51.9%
-38.1% 567
89 1,077
144 -47.4%
-38.2%
Greater Wayne*
Huron County 1,285
8 828
9 +55.2%
-11.1% $198,500
$112,500 $170,000
$112,000 +16.8%
+0.4% 20
107 32
132 -37.5%
-18.9% 1,166
18 2,421
53 -51.8%
-66.0%
Grosse
JacksonPointe
CountyAreas* 73
159 57
119 +28.1%
+33.6% $375,000
$162,500 $325,000
$144,500 +15.4%
+12.5% 33
59 54
87 -38.9%
-32.2% 103
362 209
402 -50.7%
-10.0%
Hillsdale County
Lapeer County 57
96 35
61 +62.9%
+57.4% $150,000
$217,593 $141,500
$216,000 +6.0%
+0.7% 73
22 118
55 -38.1%
-60.0% 89
164 144
311 -38.2%
-47.3%
Huron County
Lenawee County 8
122 9
90 -11.1%
+35.6% $112,500
$173,000 $112,000
$159,950 +0.4%
+8.2% 107
52 132
95 -18.9%
-45.3% 18
223 53
284 -66.0%
-21.5%
Jackson County
Livingston County 159
248 119
181 +33.6%
+37.0% $162,500
$325,000 $144,500
$275,000 +12.5%
+18.2% 59
28 87
42 -32.2%
-33.3% 362
295 402
612 -10.0%
-51.8%
Lapeer
Macomb County
County 96
1,086 61
664 +57.4%
+63.6% $217,593
$211,500 $216,000
$188,000 +0.7%
+12.5% 22
21 55
40 -60.0%
-47.5% 164
933 311
2,084 -47.3%
-55.2%
Lenawee County
Metro Detroit Area* 122
4,591 90
2,897 +35.6%
+58.5% $173,000
$238,000 $159,950
$205,000 +8.2%
+16.1% 52
24 95
38 -45.3%
-36.8% 223
5,452 284
10,608 -21.5%
-48.6%
Livingston County
Monroe County 248
132 181
134 +37.0%
-1.5% $325,000
$197,500 $275,000
$202,745 +18.2%
-2.6% 28
39 42
65 -33.3%
-40.0% 295
243 612
312 -51.8%
-22.1%
Macomb
MontcalmCounty
County 1,086
65 664
45 +63.6%
+44.4% $211,500
$194,514 $188,000
$139,900 +12.5%
+39.0% 21
44 40
88 -47.5%
-50.0% 933
63 2,084
169 -55.2%
-62.7%
Metro Detroit
Oakland CountyArea* 4,591
1,614 2,897
1,028 +58.5%
+57.0% $238,000
$305,000 $205,000
$259,900 +16.1%
+17.4% 24
25 38
36 -36.8%
-30.6% 5,452
1,973 10,608
3,423 -48.6%
-42.4%
Monroe
SaginawCounty
County 132
176 134
105 -1.5%
+67.6% $197,500
$142,900 $202,745
$126,000 -2.6%
+13.4% 39
24 65
57 -40.0%
-57.9% 243
116 312
282 -22.1%
-58.9%
Montcalm
Sanilac County
County 65
40 45
14 +44.4%
+185.7% $194,514
$160,000 $139,900
$154,950 +39.0%
+3.3% 44
63 88
86 -50.0%
-26.7% 63
61 169
150 -62.7%
-59.3%
Oakland
ShiawasseeCounty
County 1,614
76 1,028
51 +57.0%
+49.0% $305,000
$145,000 $259,900
$140,000 +17.4%
+3.6% 25
40 36
69 -30.6%
-42.0% 1,973
66 3,423
171 -42.4%
-61.4%
Saginaw County
St. Clair County 176
145 105
91 +67.6%
+59.3% $142,900
$205,000 $126,000
$153,400 +13.4%
+33.6% 24
29 57
63 -57.9%
-54.0% 116
233 282
500 -58.9%
-53.4%
Sanilac
Tuscola County
County 40
32 14
16 +185.7%
+100.0% $160,000
$143,500 $154,950
$105,500 +3.3%
+36.0% 63
28 86
99 -26.7%
-71.7% 61
36 150
61 -59.3%
-41.0%
Shiawassee County
Washtenaw County 76
432 51
294 +49.0%
+46.9% $145,000
$337,500 $140,000
$298,000 +3.6%
+13.3% 40
28 69
38 -42.0%
-26.3% 66
826 171
1,143 -61.4%
-27.7%
St. ClairCounty
Wayne County 145
1,643 91
1,024 +59.3%
+60.4% $205,000
$178,500 $153,400
$159,000 +33.6%
+12.3% 29
26 63
37 -54.0%
-29.7% 233
2,251 500
4,489 -53.4%
-49.9%
*Tuscola County
Included in county numbers. 32 16 +100.0% $143,500 $105,500 +36.0% 28 99 -71.7% 36 61 -41.0%
Washtenaw County 432 294 +46.9% $337,500 $298,000 +13.3% 28 38 -26.3% 826 1,143 -27.7%
Wayne County Current 1,643 1,024
as of May 7, 2021. +60.4%
All data from Realcomp II Ltd. $178,500 $159,000
This report is not to be +12.3%
reproduced or redistributed 26
without Realcomp's 37written consent.
express -29.7%
Metropolitan REALTOR® | 19
2,251but not guaranteed.
Data deemed reliable 4,489 Report © 2021-49.9%
ShowingTime.
* Included in county numbers.GMAR SPONSOR
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© 2021 American Home Shield Corporation. All rights reserved. 21-04334 June 17th
9am-1 pm
2 legal & 2 standard hours22 | Metropolitan REALTOR®
OWN YOUR
PRESENT.
EMPOWER COMMITMENT
TO E XC E L L E N C E
OUR FUTURE. C2EX.realtor
You can lead the way. Commitment to Excellence is a program for REALTORS®
that empowers you to enhance and showcase your high level of professionalism.
It gives you an advantage in our highly competitive market, and will help lead
the way in improving consumer perception of our industry as a whole.
Be an advocate for the future of our industry. Be committed to excellence.
Go to C2EX.realtor to learn more!You can also read
