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Official Publication of the Greater Metropolitan Association of REALTORS® GMARonline.com MAY 2021 GMAR Scholarship Applications Open until May 31st MORE INFORMATION ON PAGE 3
MAY 2021 Table of Contents 3 GMAR Scholarship Applications Open until May 31st VOLUME 18, NUMBER 5 4-5 President's Report the official publication of the 6 CEO’s letter Greater Metropolitan Association of REALTORS® 7 WCR Report 24725 W Twelve Mile Rd, Ste 100, Southfield, MI 48034 8 YPN Report 248-478-1700 www.GMARonline.com 8 With Our Deepest Sympathy 9 GMAR Education Calendar President: Katie Weaver President Elect: Teri Spiro 10-11 Welcome New Members Treasurer: Nathan Boji Past President: James Cristbrook 12 RPAC Report DIRECTORS 13 Thank You RPAC Investors District 1: Rob Shaffer District 2: Frank Tarala 14 From an Affiliate District 4: Steven Gottlieb District 5: Dee Dee Ohara Blizzard 15 May ToolShop Sale District 6: Devon Smith District 7: Toni Jennings 16-17 GMAR Market Update - March 2021 At Large Director: Pam Bartling At Large Director: Michael Brown 18-19 March 2021 Sales Summary Affiliate Director: Mary Ross 20-26 GMAR Education Flyers 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
The REALTOR® Member Designation or Certification Scholarships Program is designed to help GMAR members further pursue their real estate careers. Scholarships are awarded to recipients as reimbursements ranging from $100 to $1,000 per year. Applications are open in May. Learn more about the scholarship program and how to apply by visiting gmaronline.com/member-benefits Metropolitan REALTOR® | 3
PRESIDENT’S REPORT By KATIE WEAVER - 2021 GMAR President President@gmaronline.com Challenging Markets I think we can all agree that this is probably one of the Here are a few tips that may help you through: most challenging markets we've encountered in a while. 1. Have a Buyers Consultation- knowing your Buyers wants I enjoyed giving a few interviews with Crain's Detroit and and needs is not enough. Prepare them on what to expect, the Detroit News/Free Press regarding the current housing be flexible. Not just flexible in housing features, but climate. One reporter asked me the first words that come to financially as well. mind when I think of Real Estate today. Holy Sh*t would not be very professional, but let's be honest- you were thinking 2. Communicate with the Listing Agent!!! This may be a pet the same thing. I replied- "This market is tough and will peeve for me, but here's the truth- A courtesy call, text, further define the need for a Greater Realtor." email- SOMETHING, to let them know you are submitting an offer. Warning! Please do not ask questions you know When we have a break in the interest rates that will they can't answer. Their fiduciary duty is to their client. increase the buying power of our Clients, the inventory Please, do not send "Buyer Love Letters." These letters may shrinks to historical lows. Couple this with a worldwide violate Fair Housing Laws, and we don't do that. pandemic and staggering material costs- we have now entered the "Wild West" of Real Estate. Have no fear- GMAR 3. Make sure your paperwork is complete. All documents Realtors to the rescue! about the transaction are included (in one email is helpful). Our Clients are looking to us now more than ever to Do not violate your client's privacy and security by sending guide them through this crazy market. We are their trusted a copy of their Earnest Money check. Most Purchase Advisors. It is vital that we stay educated, informed, and Agreements state you have collected it. That's all we need. involved. The market is constantly moving, financial forecasts Listing Agents- please read the Purchase Agreement change, and buyer confidence wanes. No one has a crystal thoroughly. Sorry to say, but countless times items like a ball. Seller paid Home Warranties are missed. No, Buyers Agent won't split the cost of something you missed. Many think that representing Sellers is a cakewalk right now. Not so! We must prepare them for the storm ahead. 4. Increase the EMD. $1,000.? Please... Thirty-five showings the first day and multiple offers are 5. Don't confuse Listing Exclusions and Inclusions. overwhelming! Sellers need to know that they direct the 6. Free or extended possession. Remember the conversation transaction. They determine the information we can share you're going to have with the Listing Agent? That's a great with Buyers Agents and how the process will take place. It's time to ask what the seller's occupancy needs are. Is it our job to inform them of the rules and keep everyone on a more important to give more time, or are they all about the fair playing field. bottom line? Maybe both. Let me stress that again- FAIR playing field. I will preface 7. I cringe at this one, and in no way would I ever advise it. the following with always consult your Broker for more But, it's becoming more and more popular. Reduce or information and guidance. Also, please excuse the occasional waive Inspection. For those who choose to move forward harsh undertones. I'm in the trenches with you! with an inspection, please do not use it as a tool to reduce Working with Buyers- word is- good luck with that. Luck the price if you've overbid to win the deal. Instead, give a has nothing to do with it. The knowledge, preparedness, and fair, educated assessment of any issues found during the execution will win the deal. Inspection backed up by the appropriate addendum and report. continued on page 5
continued from page 4 8. Purchaser to pay for Owner's Title insurance policy and value not to exceed the purchase price of $xxx,xxx. The transfer tax. Make the Sellers Net as attractive as possible. seller has no obligation to accept less than the purchase 9. Purchaser agrees to pay $xxxx.xx above any offer Seller price—another bold move. The buyer needs a down has received in writing, not to exceed $xxx,xxx. Other payment, closing costs, and possibly additional appraisal Offers must be provided. Pretty bold move if your buyer is funds. It adds up. comfortable with it. Remember, we advise our clients. We Since you are a GMAR Realtor, you probably know all of do not tell them what to offer. this already, but in any case, hopefully, it helps! 10. Appraisal- Purchaser agrees to pay $xxxx. above appraised Have a beautiful May! Help your clients into a home? We have our ways. We’ve got home loans, and generous down payment help, too. Qualified buyers can combine our Down Payment Assistance loan of up to $7,500 with our Conventional, Rural Development, or FHA loan. Complete info 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
CEO’S LET TER By VICKEY LIVERNOIS Chief Executive Officer Thank Your Diversity & Inclusion Committee A big thank you to the GMAR Diversity & beginning on May 3rd to attend the many Inclusion Committee, led by Jaye Sanders. unique issues forums, committee meetings, and Together with her Committee and assistance legislative/public policy activities. by staff, Jaye planned a fantastic Equity and These meetings are an opportunity for local Inclusion Conference on April 13th. The leaders to hear from the NAR on the advances conference included speakers on many of the they are making within the industry and bring topics included in Fair Housing: addressing that information back to you on a local level. implicit bias, housing, and support animals, We also encourage anyone who may be embracing equity and inclusion, the importance interested in participating as well! As these of trans inclusion and awareness, and Bill meetings are virtual – the costs are ZERO to Dedman reporting on the Long Island Divided register. It's an amazing experience to hear documentary – it was an all-inclusive event firsthand the information provided by NAR and that touched on so many topics. If you were the key speakers. Registration is available at unable to attend – we encourage you to view www.legislative.realtor. Hope to see you online! the recorded session online at GMARonline.com/ events for a replay or visit our YouTube channel. Last but certainly not least – GMAR's Scholarship Applications open on May 1st! Our Diversity & Inclusion Committee will be working to incorporate fair housing education, If you would like to further your real estate and awareness into all that GMAR does in the education – or if you have a high school senior coming months. Fair housing is more than a looking to attend a Michigan school this fall – we list of dos and don'ts, rights and penalties, and encourage you to apply. mandatory continuing education. Scholarships are awarded up to $1,000, and Realtors® from all over the country will be the application process is simple. You can learn logging into the NAR Legislative meetings more online at GMARonline.com under the Member Benefits section and apply this month.
YPN REPORT By CLAUDIA HERNANDEZ Hello Friends and Colleagues Happy May, and the craziest market is still are confident these four sessions will help our upon us. I hope everyone has been able to keep agents and affiliates reconnect and network on up with what is happening nowadays. Although top of learning new ways of navigating through our inventory seems to be getting a little tiny bit business in today’s situation. Register here: better, houses are flying away quicker than ever. http://bit.ly/gmarhowtoseries It looks like a race. We go out there and look at We are working hard for our coming up events a handful of homes, and that same day or next this year, including Top Golf potentially in the fall. day, we get into bidding wars with outrageous Make sure you check in with any of us with numbers, appraisal waivers, and sometimes even any questions on our upcoming events, and inspection waivers. Keep on knocking on those please stay safe, keep your loved ones healthy, doors, check-in with your sphere of influence, and always check into NAR and the CDC for any and go after those listings because we keep changes with regulations. needing them now more than ever! Happy Spring! We at YPN of GMAR have been busy and excited with events coming up. Our whole month of May will feature our How-To Series, a collaborative effort with GMAR committees. The How-To Series is a brand new idea. We With Our Deepest Sympathy WILLIAM HAMMONS We are sad to inform you of the passing of William Hammons of ION Real Estate. GMAR staff, leadership, and membership extend warm condolences to the family and friends of William. If you would like to let your fellow REALTORS® know about the recent passing of another member, please submit the information to Stacie@GMARonline.com. 8 | Metropolitan REALTOR®
GMAR EDUCATION CALENDAR 2021 MAY 2021 MSHDA RESORT & SECOND HOME ( RSPS)- 2 DAYS BROKER SHORTS-CONFLICT RESOLUTION CE Credits: 1 standard ** Must attend both days** CE Credits: 1 standard May 10 CE Credits: 7 standard May 20 10:00 a.m. – 11:00 a.m. May 17 & 18 9:00 a.m. – 10:00 a.m. VIRTUAL 9:00 a.m. – 12:30 p.m. VIRTUAL Instructor: Darren Montreuil VIRTUAL Instructor: Brent Belesky FREE, Membermax & EduPass Instructor: Rick Conley FREE, Membermax & EduPass FREE, Members FREE, Membermax & EduPass $20, Members $25, Non- Members $39, Members MEMBERS ONLY Register Here: https://bit.ly/3ezbczP $49, Non-Member Broker & Associate Brokers Only! Register Here: https://bit.ly/3tWMpfD Register Here: https://bit.ly/3dShYSg REAL ESTATE NEGOTIATION CERTIFICATION (RENE) MORNING CHAT WITH GMAR AFFILIATES REAL ESTATE TRANSACTIONS A-Z 2 Days CE Credits: 0 MASTERING THE TRANSACTION CE Credits: 16 standard May 18 CE Credits: 3 standard May 11 &12 9:00 a.m. – 10:00 a.m. May 20 9:00 A.m. – 4:00 p.m. VIRTUAL 9:00 a.m.-12:00 p.m. VIRTUAL Instructor: GMAR Affiliates VIRTUAL Instructor: Deanna DuRussel FREE FREE, Members FREE, Membermax & EduPass Register Here: https://bit.ly/3gCr6ME $50, Non- Members $125, Members Register Here: https://bit.ly/3xqOLFW $200, Non-Member CODE OF ETHICS Register Here: https://bit.ly/3vyQfMD CE Credits: 3 standard SELLER REPRESENTATIVE DESIGNATION May 19 SPECIALIST MANAGING YOUR BUSINESS: 9:00 a.m. – 12:00 p.m. (SRS)- 3 Days RETIREMENT & SUCCESSION PLANNING VIRTUAL CE Credits: 13 standard, 2 legal CE Credits: 4 standard Instructor: Diane Kroll May 25, 26 & 27 May 13th FREE, Membermax & EduPass 12:00 p.m. – 4:00 p.m. 9:00 a.m. - 12:00 p.m. $10.00, Non-Member VIRTUAL VIRTUAL Register Here: https://bit.ly/3eym3dt Instructor: Bart Patterson FREE! FREE, Membermax & EduPass Register Here: https://bit.ly/3nvmJo8 $99, Members $115, Non-Member FEMA & FLOOD ZONE COURSE Register Here: https://bit.ly/3nnhDKs CE Credits: 2 legal May 14 10:00 a.m. – 12:00 p.m. VIRTUAL Instructor: Karol Grove FREE Register Here: https://bit.ly/3xqJSMZ 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® | 11
R 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 120 build strong communities, protect property and 121 would create an innovative savings interests and promote a vibrant business tool to support homeownership in Michigan, environment. From this perspective, RPAC is to fostering financial literacy, investment in our ensure you have a future in selling real property. state, and retaining talent. Some of the current issues in Michigan we are These bills would create a new incentivized concerned with are Preserving Private Property savings account that could be opened jointly Rights and Forst-Time Homebuyers Savings or individually to benefit qualified first-time Account. Currently, Vacation Rentals are being homebuyer beneficiaries. Like the trendy threatened in Michigan. Vacation rentals and the Michigan Education Savings model, this savings strength of the second-home market in Michigan account would provide up to 20 years of are essential to the health of Michigan's investment deductibility off an account holder's economy. We have been a vacation and tourism state income tax, allowing the interest on the destination for decades. The short-term rental of designated account to grow tax-free. a fully furnished vacation home has long been The future of selling Real Estate is in your a valued option for vacationers in Michigan. hands. By making your investment in RPAC, you It is also a significant property right for those are helping to ensure YOU have a future business homeowners that choose to open their homes to for clients' current and future generations. You visitors. can contact GMAR to make your investment for Currently, there is a Michigan House your future today. Bill 4046 being discussed to protect these private property rights. This legislation does not prevent local government enforcement. Local governments now 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 March 2021. Christopher Adams Staci Dean Luke Holcomb David Mathieu Terry Sever Jacob Alkassyonan Debra DeAngelo Jennifer Hoover David Maurice Raymond Shamma Joseph Anderson Melissa Degen Kevin Hultgren Roger McDaid Sherry Sharbaugh Stephanie Anderson John DesJardins Connie Isbell Zachary Mehlberg Rutha Sharpe Phillip Ausman Brian DeVore Ronald Jasgur Tonya Meier Elijah Shelton Traci Austin Margaret Dresser Raymond Jeffrey Alan Millard Saif Siddiqui Ismaeel Badawi Courtney Drew Elizabeth Johnson Stephen Miller Devon Smith Kathleen Barker Nancy Duncanson Gordon Johnson Levend Montgomery Eric Smith Robbin Barnes Michael Dunn LeAnne Johnson David Morgan Ryan Spagnuolo Fiorenza Bartolotta Jon Eckerly Sherri Johnson Kymosh Myrick Linda Spindura Ashley Bey Alonzo Edwards Verlena Johnson Marc Nocera Ina St. Peter Austin Black Cathy Elias Meriem Kadi Clara Norris Michael Swanberg Nathan Boji Jane Evans Mary Anne Kennedy Kate O'Connell Brenda Szlachta Carla Bond Anthony Facione Bonnie Kerman Christl O'Den Ronnie Targanski Mark Bondoni Jeffery Fanto Pam King Andrew Ontiveros Greg Taylor Sharon Bonner Fadel Farhat Elizabeth Kochan Melissa Owens Stephanie Taylor Jason Borregard Khalil Farhat Bill Kokenos Jeffrey Packer Ronald Vesche Melissa Botsford Michael Fazio Lonnie Kupras Tanya Paul Jason Volltrauer Christin Bracken Michael Fontana Constance La Barge Thomas Marlene Paulson Christopher Waring Shawna Broughton Sarah Foster Brad La Forest Adam Pelc Catherine Waun Althea Brown Cloteal Fowler Morgan Laughlin Dorene Phan Anthony Weatherspoon Loretta Brown Ashley Franklin Christopher Lee Jeremy Philo Katie Weaver Steven Brown Sherry Frazier Sheilah Lemanski Charles Pickering Mark Webberly, NMLS #139326 Kelvin Buckner Ellen Frink Charles Lisee Christopher Plummer Misty Weisenberger Kimberlee Byers Jerry Gardner James Littlepage Melissa Potash Jeremey Whan James Bynum Donnie Georvassilis Najuan Lockhart Aaron Pringle Vicki Whitt Shane Carnagie Amanda Germain Andrea Logan April Rasky Nicole Wieck Natashia Caruso Sarah Gilleran Peggy Loverde Eric Raymo Carolyn Willeke Jordan Cavataio Dianne Gouin Judith Lovrince Darby Reynaert Kandice Williams Katherine Chelovich Amber Graham Ross Luxon Heidi Rhome Sheila Williams Syed Chowdhury Timothy Haggerty Magan Malkiewicz Williams Elizabeth Rogers Wanda Williams Rudolph Cianfarani Adam Hammons Matthew Manninen Chris Romanelli Tiffany Willingham Joel Clark Torantie Hankins Aziz Mariya Jennifer Roosenberg Cheryl Wilson Debby Clinesmith Michael Hannah Yvonne Marks Keith Ruloff Jade Wimpey Lisa Cox Karen Harlin Ryan Marrone Frederick Ryckman Mary Wolfe Todd Craft Cynthia Harris Simone Martens Karen Ryckman Carol Woodard Rebecca Cunningham Elizabeth Harris Daniel Martin Dana Saad Brian Yaldoo Christopher Daggy Richard Harrison Diane Martin Adrienne Sain Nhia Yang Abir Danial Jason Heilig Roger Martin Mohammad Saleem Mohamed Zaher Bernadine Davis George-Micha Higgins Dominic Marzicola Carol Sartor Jonathan Zaia Emily Day Kevin Higgins Cecile Massey Carol Schrauben *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 Metropolitan REALTOR® | 13
F 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 April Showers bring May Flowers!!! LET MAY BE YOUR TIME TO BLOOM Have you started spring cleaning your The link below is few helpful tips from Mind business? If not, now is the time to get it started. Body Online that will get you motivated to start Take the time to clean out your workspace, your spring cleaning. reach out to your past and current clients, clean Your affiliate partners are here to assist you up your database, revamp marketing strategies, whenever we can. Please reach out to any of us, set your 2nd quarter goals, sign up for continuing and you will find how many tools you already education or one of the many certifications have in your toolbox to help your clients!! GMAR classes have to offer. https://www.mindbodyonline.com/business/ Get yourself prepared for a fantastic summer education/blog/spring-clean-your-business-with- selling season! these-4-tips 14 | Metropolitan REALTOR®
7115- Urban Backpack with Shoe Cover Basket Assorted Title Riders REALTOR Logo Black backpack with White R Logo Choose: Black, Blue, Red or Green 6x24 Riders. Choose from many titles Member Price: $55.95 Member Price: $12.50 Member Price: $6.00 May Member Sale Price: $46.95 May Member Sale Price: $10.50 May Member Sale Price: $4.75 6413- Ladies Cardigan REALTOR Pullover Hoodie 6501- 20oz Stainless Steel Choose: Black or Grey with white R Grey, Black, Kelly Green, Olive, Navy Tumbler Logo Comes in Red, Silver or Blue Member Price: $34.50 Member Price: $20.00 Member Price: $14.95 May Member Sale Price: $26.50 May Member Sale Price: $14.99 May Member Sale Price: $11.95 Metropolitan REALTOR® | 15
REALCOMP MONTHLY HOUSING STATISTICS REPORT NOW AVAILABLE ONLINE Here are the monthly real estate statistics for the month of March 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 – March 2021 A Research Tool Provided by Realcomp GMAR® Report Covers the Greater Metropolitan Area of Detroit, including but not limited to locales in Lapeer, Macomb, Oakland, Washtenaw and Wayne Counties. Residential March Year to Date Key Metrics 2020 2021 % Change Thru 3-2020 Thru 3-2021 % Change New Listings 4,445 4,862 + 9.4% 12,937 11,690 - 9.6% Pending Sales 2,951 4,228 + 43.3% 9,438 10,718 + 13.6% Closed Sales 3,282 3,475 + 5.9% 8,872 9,434 + 6.3% Days on Market Until Sale 48 31 - 35.4% 51 33 - 35.3% Median Sales Price* $180,000 $202,500 + 12.5% $168,000 $195,000 + 16.1% Average Sales Price* $219,254 $258,739 + 18.0% $208,956 $244,233 + 16.9% Percent of List Price Received* 97.4% 100.3% + 3.0% 96.8% 99.4% + 2.7% Inventory of Homes for Sale 8,500 3,819 - 55.1% –– –– –– Months Supply of Inventory 2.2 0.9 - 59.1% –– –– –– Condo March Year to Date Key Metrics 2020 2021 % Change Thru 3-2020 Thru 3-2021 % Change New Listings 879 1,023 + 16.4% 2,637 2,538 - 3.8% Pending Sales 535 963 + 80.0% 1,834 2,302 + 25.5% Closed Sales 677 752 + 11.1% 1,813 1,931 + 6.5% Days on Market Until Sale 51 41 - 19.6% 51 42 - 17.6% Median Sales Price* $170,000 $185,000 + 8.8% $165,750 $180,000 + 8.6% Average Sales Price* $207,767 $227,979 + 9.7% $206,561 $220,768 + 6.9% Percent of List Price Received* 97.7% 99.0% + 1.3% 97.3% 98.5% + 1.2% Inventory of Homes for Sale 1,852 1,055 - 43.0% –– –– –– Months Supply of Inventory 2.6 1.4 - 46.2% –– –– –– * 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 GMAR® Report GMAR® Report $250,000 $200,000 $175,000 $200,000 $150,000 $150,000 $125,000 $100,000 $100,000 $50,000 $75,000 $0 $50,000 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 April 7, 2021. All data from Realcomp II Ltd. Report © 2021 ShowingTime. Metropolitan REALTOR® | 17
FOR IMMEDIATE RELEASE Statistics Contact: Francine L. Green, Realcomp II Ltd. [248-553-3003, ext. 114], fgreen@corp.realcomp.com MEDIAN SALES PRICE HIGHEST IN 6 MONTHS, TOP MARCH IN 18 YEARS Show ings per list ing m ost in a ny m onth in 1 6 years 18 | Metropolitan REALTOR®
Listing and Sales Summary Report March Year-Over-Year Quick Comparisons: March • Median 2021 Sales Price was up by 13.5% from $185,000 to $210,000. Highest month since Listing and Sales2020; September SummaryHighest Report March in 18 years (2003). • March 2021Average Showings per Home increased from 6.9 to 19.5. Most in any month in 16 years (2005). • New Listings were up by 4.6% from 11,804 to 12,350. • Pending Sales were up Total by (Units) Sales 29.2% from 8,329 toSales Median 10,763. Prices Average DOM On-Market Listings (Ending Inventory) • Closed Sales were up slightly by Mar-21 Mar-20 % Change 0.5% from Mar-21 9,091 to 9,138. Mar-20 % Change Mar-21 Mar-20 % Change Mar-21 Mar-20 % Change • Listings that were All MLS (All Inclusive) 9,138 both listed+0.5% 9,091 and pended in the $210,000 same month $185,000 +13.5% were 38 at 6,620. 66 This represents -42.4% 10,916 54% of the -58.5% 26,295 new listings for the month City of Detroit* 387 and 337 62% Total Sales (Units) of the pended +14.8% Medianlistings. $69,350 Sales Prices $45,000 +54.1% 57 Average DOM 69 -17.4% On-Market Listings (Ending Inventory) 1,061 2,205 -51.9% • The average Dearborn/Dearborn Heights* days 154 onMar-20 Mar-21 market 133 decreased %+15.8% Change by 42.4% Mar-21 $175,000 from%+13.6% Mar-20 $154,000 66 to 38 Change days. Mar-21 24 Mar-20 32 %-25.0% Change Mar-21 151 Mar-20 344 %-56.1% Change All • (All MLS Downriver Median Area* Sales Price Inclusive) 329 was 9,138 up by+0.5% 9,091 365 13.5%$145,000 -9.9% from $185,000 $210,000 $185,000 to +11.5% $130,000 $210,000. +13.5% 38 28 66 42 -42.4% -33.3% 10,916 264 26,295 701 -58.5% -62.3% City Genesee Months-Supply of •of Detroit* County 434 Inventory 387 337 456 was -4.8%down +14.8% by 61.5% $69,350 $180,000 from 2.6 $45,000 $147,175 to 1.0.31 +54.1% +22.3% 57 69 59 -17.4% -47.5% 1,061 490 2,205 1,113 -51.9% -56.0% • Wayne* Greater Average Showings Dearborn/Dearborn Heights* 1,200 per1,115 154 Home+7.6% 133 increased +15.8% from 6.9 $175,000 $180,000 to 19.5. $154,000 $161,000 +13.6% +11.8% 24 27 32 42 -25.0% -35.7% 151 1,067 344 2,462 -56.1% -56.7% Downriver Area* Grosse Pointe Areas* 329 85 365 70 -9.9% +21.4% $145,000 $355,000 $130,000 $292,500 +11.5% +21.4% 28 39 42 55 -33.3% -29.1% 264 103 701 210 -62.3% -51.0% Genesee County Hillsdale County 434 52 456 42 -4.8% +23.8% $180,000 $122,500 $147,175 $133,250 +22.3% -8.1% 31 79 59 103 -47.5% -23.3% 490 83 1,113 169 -56.0% -50.9% Greater Wayne* Huron County 1,200 7 1,115 5 +7.6% +40.0% $180,000 $147,000 $161,000 $68,900 +11.8% +113.4% 27 65 42 206 -35.7% -68.4% 1,067 21 2,462 65 -56.7% -67.7% Grosse JacksonPointe CountyAreas* 85 155 70 177 +21.4% -12.4% $355,000 $155,000 $292,500 $133,000 +21.4% +16.5% 39 70 55 80 -29.1% -12.5% 103 321 210 436 -51.0% -26.4% Hillsdale County Lapeer County 52 76 42 82 +23.8% -7.3% $122,500 $222,550 $133,250 $209,000 -8.1% +6.5% 79 37 103 61 -23.3% -39.3% 83 143 169 317 -50.9% -54.9% Huron County Lenawee County 7 106 5 115 +40.0% -7.8% $147,000 $174,950 $68,900 $148,500 +113.4% +17.8% 65 60 206 81 -68.4% -25.9% 21 209 65 305 -67.7% -31.5% Jackson County Livingston County 155 225 177 233 -12.4% -3.4% $155,000 $310,000 $133,000 $275,000 +16.5% +12.7% 70 35 80 47 -12.5% -25.5% 321 268 436 595 -26.4% -55.0% Lapeer Macomb County County 76 1,077 82 988 -7.3% +9.0% $222,550 $195,000 $209,000 $172,500 +6.5% +13.0% 37 28 61 44 -39.3% -36.4% 143 786 317 2,110 -54.9% -62.7% Lenawee County Metro Detroit Area* 106 4,362 115 4,163 -7.8% +4.8% $174,950 $219,260 $148,500 $198,300 +17.8% +10.6% 60 32 81 46 -25.9% -30.4% 209 4,867 305 10,858 -31.5% -55.2% Livingston County Monroe County 225 133 233 150 -3.4% -11.3% $310,000 $200,000 $275,000 $184,950 +12.7% +8.1% 35 52 47 71 -25.5% -26.8% 268 233 595 334 -55.0% -30.2% Macomb MontcalmCounty County 1,077 56 988 57 +9.0% -1.8% $195,000 $162,500 $172,500 $150,000 +13.0% +8.3% 28 50 44 87 -36.4% -42.5% 786 66 2,110 177 -62.7% -62.7% Metro Detroit Oakland CountyArea* 4,362 1,473 4,163 1,490 +4.8% -1.1% $219,260 $286,500 $198,300 $260,000 +10.6% +10.2% 32 32 46 46 -30.4% -30.4% 4,867 1,685 10,858 3,486 -55.2% -51.7% Monroe SaginawCounty County 133 164 150 153 -11.3% +7.2% $200,000 $130,250 $184,950 $109,900 +8.1% +18.5% 52 32 71 75 -26.8% -57.3% 233 119 334 318 -30.2% -62.6% Montcalm Sanilac County County 56 28 57 27 -1.8% +3.7% $162,500 $167,625 $150,000 $124,900 +8.3% +34.2% 50 110 87 69 -42.5% +59.4% 66 52 177 156 -62.7% -66.7% Oakland ShiawasseeCounty County 1,473 74 1,490 68 -1.1% +8.8% $286,500 $133,750 $260,000 $156,250 +10.2% -14.4% 32 31 46 61 -30.4% -49.2% 1,685 67 3,486 174 -51.7% -61.5% Saginaw County St. Clair County 164 164 153 159 +7.2% +3.1% $130,250 $193,000 $109,900 $165,000 +18.5% +17.0% 32 38 75 51 -57.3% -25.5% 119 200 318 517 -62.6% -61.3% Sanilac Tuscola County County 28 28 27 33 +3.7% -15.2% $167,625 $172,500 $124,900 $123,500 +34.2% +39.7% 110 34 69 91 +59.4% -62.6% 52 28 156 68 -66.7% -58.8% Shiawassee County Washtenaw County 74 378 68 312 +8.8% +21.2% $133,750 $330,000 $156,250 $293,500 -14.4% +12.4% 31 32 61 54 -49.2% -40.7% 67 749 174 1,190 -61.5% -37.1% St. ClairCounty Wayne County 164 1,587 159 1,452 +3.1% +9.3% $193,000 $161,000 $165,000 $140,000 +17.0% +15.0% 38 34 51 48 -25.5% -29.2% 200 2,128 517 4,667 -61.3% -54.4% *Tuscola County Included in county numbers. 28 33 -15.2% $172,500 $123,500 +39.7% 34 91 -62.6% 28 68 -58.8% Washtenaw County 378 312 +21.2% $330,000 $293,500 +12.4% 32 54 -40.7% 749 1,190 -37.1% Wayne County Current 1,587 1,452 as of April 7, 2021. All data from+9.3% Realcomp II Ltd. $161,000 $140,000 This report is not to be +15.0% reproduced or redistributed 34 without Realcomp's 48written consent. express -29.2% Metropolitan REALTOR® | 19 2,128but not guaranteed. Data deemed reliable 4,667 Report © 2021-54.4% ShowingTime. * Included in county numbers.
May 10, 2021 10:00 a.m. - 11:00 a.m. VIRTUAL GMAR ® Down Payment Assistance Program: Presented by: MI First Home & MI Next Home In order to help more buyers, and help you sell more homes, MSHDA enhanced our Down Payment Assistance (DPA) program by increasing the asset limitation. This will help even more buyers purchase the home of their dreams. For more information visit: http://michigan.gov/mshda Mortgage Credit Certificate Program The MCC program is another tool to spur the sale of homes and enhance homeownership in the State of Michigan. MCC’s operate as a federal income tax Darren Montreuil credit to assist low to moderate income homebuyers. Homebuyers taking advantage of the MCC Program may qualify for 20% of their Darren is a Business Develop- annual mortgage interest paid to be credited against their year-end tax liability. ment Specialist for MSHDA’s Homeownership Division. He This is not a one-time tax credit, but continues each year until the original provides homeownership program mortgage is paid in full. Borrowers must intend to occupy the property as their information, technical assistance, primary residence, and sales price/income limits apply. and educational seminars to our customers in the SE Michigan Questions? Contact Eric Dusenbury at (517) 242-8169 or email dusenburye@michigan.gov MSHDA Course Fees: Approved for 1 Elective Please fax completed form to: Continuing Education Credits (248) 478-3150 REGISTRATION INFORMATION: GMAR Members: Name:_________________________________________ License #: ______________________ FREE Office:_________________________________________ Phone: _________________________ Non-Members: Email: ________________________________________ $25.00 Visa MasterCard Discover American Express: ______________________________________________________________ CID: __________ Call or text: (248) 478-1700 EduPass™ / MemberMax™ Expiration Date: ______________________ www.GMARonline.com Signature___________________________________________________ Fax to (248) 478-3150
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