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Official Publication of the Greater Metropolitan Association of REALTORS® GMARonline.com MARCH 2021 Great News and a Huge Step Towards True Equality in Housing!! NAR Applauds HUD for Protecting LGBTQ Civil Rights MORE INFORMATION ON PAGE 4
MARCH 2021 Table of Contents 3 .realtor Domains from GMAR 4 President's Report VOLUME 18, NUMBER 3 6-7 CEO’s letter the official publication of the Greater Metropolitan 8 Legislative Update Association of REALTORS® 24725 W Twelve Mile Rd, Ste 100, 9 GMAR Education Calendar Southfield, MI 48034 10-11 Welcome New Members 248-478-1700 www.GMARonline.com 12 RPAC Report President: Katie Weaver 13 Thank You RPAC Investors President Elect: Teri Spiro Treasurer: Nathan Boji 14 From an Affiliate Past President: James Cristbrook 15 March ToolShop Sale DIRECTORS District 1: Rob Shaffer 16-17 GMAR Market Update - Jauary 2021 District 2: Frank Tarala District 4: Steven Gottlieb 18-19 Jauary 2021 Sales Summary District 5: Dee Dee Ohara Blizzard District 6: Devon Smith 21-26 GMAR Education Flyers District 7: Toni Jennings At Large Director: Pam Bartling 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
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PRESIDENT’S REPORT By KATIE WEAVER - 2021 GMAR President President@gmaronline.com Great News and a Huge Step Towards True Equality in Housing!! NAR APPLAUDS HUD FOR PROTECTING LGBTQ CIVIL RIGHTS NAR President Charlie Oppler Calls HUD Decision Since 2009, NAR's Code of Ethics obligates "Just" and "Historic." Realtors® to provide equal professional service CHICAGO (February 11, 2021) –The National without discrimination based on sexual Association of Realtors® Thursday applauded orientation. In 2013, that obligation extended to HUD's announcement that it will enforce the Fair include gender identity. Housing Act to prohibit discrimination based on NAR opposes discrimination in housing based sexual orientation and gender identity. Based on race, color, religion, sex, handicap, familial on the Supreme Court's reasoning from last status, sexual orientation, gender identity, and June's Bostock decision, HUD's move effectively national origin. expands civil rights protections to LGBTQ The National Association of Realtors® is Americans seeking housing and housing-related America's largest trade association, representing services. The decision follows an executive order more than 1.4 million members involved in all from the Biden administration directing federal aspects of the residential and commercial real agencies to implement the Supreme Court's estate industries. interpretation in all national civil rights activities. Link to HUD's press release "NAR has long championed LGBTQ rights in Link to HUD's press release the housing market, first calling for expanded protections in 2009," said NAR President Charlie Oppler, a Realtor® from Franklin Lakes, N.J., and the CEO of Prominent Properties Sotheby's International Realty. "There are few greater human needs than housing, and to exclude LGBTQ individuals from the protections afforded to other Americans is cruel. This is a just and historic decision by HUD."
Here's a quick tutorial on how to add languages to your GMAR Member Profile Account. A great addition to help you continue to market yourself and your business! Update your profile languages now by visiting gmaronline.com $10,000 down could really help your clients. Helping make new homeowners in Michigan is always important to us. With our new MI 10K DPA, your clients could qualify for a down payment assistance loan of up to $10,000 to cover down payment, closing costs, and prepaids. For details, go to Michigan.gov/Homeownership. ™ Equal Housing 1.844.984.HOME (4663) 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 Spring is Just Around the Corner This has been the longest winter of my Our home always fits our lifestyle, and we life. I am sure that many others would also would have never considered changing a thing agree. Whether it is the frigid cold temps, the – until the pandemic hit. Our house certainly has shorter daylight hours, the continuation of the days that it feels that it is just not big enough! pandemic, remote schooling, or a combination With two young children, my husband and I, and of all - I am certainly ready for Spring to arrive our German Shepherd, some days, space seems later this month. much smaller. We have a light at the end of the Not only does March bring the onset of tunnel, a new standard will be here soon, we another beautiful Springtime in Michigan, but will all be back in the office and the kids back in we also set the clocks ahead an hour, a sure school. sign that there is a light at the end of the winter Although that is not the case for all. tunnel. As mentioned above, many employers are Spring is also a time for Realtors to begin yet taking strides to cut some of their expenses of another busy season. For many, the market has a building that houses each of their employees continued to be fruitful over the last 12-months, and instead continue to plan for remote work with multiple offers over the asking price on even in our new normal. When times become listings; however, availability continues to be more challenging, for any reason, and pose a an issue. It is a "seller's market," but sometimes financial impact on independent contractors getting those who may be on the verge of or any business, often, the first thing to go is considering listing their homes is a challenge. the advertising budget. It is easy to cut your Over the last year, many have spent more expenses by not taking out that monthly ad time in their homes than they ever have before. or mailing those postcards. If I have learned It has presented the industry with a fantastic anything from the many seminars and training opportunity to start a conversation. sessions over the years – that is when you need it more. I hate to sound cliché, but the Many employers embrace the work from saying of you need to spend money to make home lifestyle, which has many beginning to money is true. consider moving to a more rural community continued on page 7 without thinking about driving time to and from the office.
continued from page 6 You need to continue to stay in touch with your past someone, rather, they come to me. clients, now more than ever. Keeping in touch in today's market can be as simple as Many homeowners, who have been spending more time providing information on the current mortgage rates, why at home over the last 12 months, feel the same thing, but it is a great time to sell their home, why it is a great time to with an uncertainty of what to do. Maybe it is not a home in buy, maybe even some springtime activities scheduled in the country, but a smaller home that works better with their your farm area – or a reminder to change their clocks! financial situation, perhaps a bigger kitchen or a dedicated Pick your farm, start small and create a marketing plan office space or a basement for a home gym. that will continue to grow over time. Plan on reaching out to Take this time as an opportunity to market your services. your farm area numerous times and send information that I am sure many can relate to the almost uncontrollable the consumers WANT. Do they want to know you just listed procrastination we all have. I know personally, I am guilty! another house in their neighborhood? Do they want to see Every month when the invoice comes in the mail, "I need to some Spring cleaning tips? Do they want to know a home in find a better rate on my car insurance…" but we get busy their community recently sold? and do not make that call. A few days go by or maybe a few Whenever we do something new at the Association – I weeks, and in the mailbox is a postcard from an insurance always try to think of myself. I admit I am a skeptic. I always company. Who do you think I am going to call for a quote? ask the staff or those involved in the project – would YOU While you can't always predict when the right time is do that/go to that event if you did not have to? Does it for someone to list their home – to relocate, to upsize catch your eye? I am a tough sell sometimes, so if you are or downsize, to have that perfect spot for a gym in their as well, ask yourself, what do you want to know? What is basement - if you stay top of mind and make it easy to get useful? Whatever you do – be sure to follow the Fair Housing in touch with you – we all need that push or that sign, or to guidelines and always provide accurate information. make life just a little bit easier, such as I don't have to look for Metropolitan REALTOR® | 7
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 Another Year, Another STR Ordinance The Michigan Legislature has not yet acted, GMAR firmly believes there is a better way despite multiple attempts to pass legislation to address concerns with short-term rental that would prohibit municipal governments properties, one that strikes a balance between from defining short-term rental as a commercial property owners' rights while maintaining activity. Therefore, it is limited to commercial unique neighborhood characteristics. zoning districts. The Franklin Proposal also has unintended In recent years, local cities and townships consequences. More specifically, it would in Michigan have tried to pre-emptively act effectively prohibit post-closing occupancy to limit, severely limit, or outright ban the agreements that are less than 28 days. The activity. As Realtors®, you understand the value proposed ordinance defines short-term rentals of adequately striking a balance between the as any residential property leased/rented for less private property rights and the private property than 28 days. rights of another. Rest assured that GMAR has been in At its upcoming meeting, the Village of communication with Village leaders and has Franklin will consider an ordinance that would made our opposition to the proposal known to effectively ban short-term rentals in Franklin, elected officials in Franklin. Stay tuned! claiming that it is a commercial activity. Simply put, the Franklin proposal would implement one of the most restrictive bans on short-term rental properties in all Southeast Michigan. The proposal fails to balance private property rights properly, and it would enact a severe unintended consequence that threatens the transfer of real estate in Franklin. 8 | Metropolitan REALTOR®
GMAR EDUCATION CALENDAR 2021 MARCH 2021 AGENT 101-TWO DAYS PRICING STRATEGY ADVISOR CERTIFICATION CODE OF ETHICS ** Must attend both days** (PSA)-2 Days CE Credits: 3 standard CE Credits: 4 legal ** Must attend both days** March 24 March 9 & 10 CE Credits: 7 standard 10:00 a.m. – 1:00 p.m. 10:00 a.m. – 12:00 p.m. March 17 & 18 VIRTUAL VIRTUAL 1:00 p.m. – 5:00 p.m. Instructor: Deanna DuRussel Instructor: Deanna DuRussel VIRTUAL FREE, Membermax & EduPass FREE, Membermax & EduPass Instructor: Bart Patterson $10.00, Non-Member FREE, Members FREE, Membermax & EduPass Register Here: https://bit.ly/2ZH5Ew8 $20, Non-Members $49, Members Register Here: https://bit.ly/3aH6Zt7 $59, Non-Member SUCCESSFULLY SELLING HUD HOMES Register Here: https://bit.ly/3upN21Q CE Credits: 3 standard MANAGING YOUR BUSINESS: March 25 DOLLARS & SENSE REAL ESTATE TRANSACTIONS A-Z 10:00 a.m. – 1:00 p.m. CE Credits: 3 standard MASTERING THE TRANSACTION VIRTUAL March 11 CE Credits: 3 standard Instructor: Steve Katsaros 9:00 a.m. - 12:00 p.m. March 18 FREE, Membermax & EduPass VIRTUAL 9:00 a.m.-12:00 p.m. $20, Non- Members FREE! VIRTUAL Register Here: https://bit.ly/3dJZQtY Register Here: https://bit.ly/3kbD5QU FREE, Members $50, Non- Members SELLER’S REPRESENTATIVE SPECIALIST Register Here: https://bit.ly/3dBosFn DESIGNATION (SRS)- 3 DAYS ** Must attend all 3 days** FEMA & FLOOD ZONE COURSE CE Credits: 13 standard, 2 legal CE Credits: 2 Legal March 15-17 March 23 9:00 a.m. – 1:00 p.m. 10:00 a.m.- 12:00 p.m. VIRTUAL Instructor: Karol Grove Instructor: Rick Conley FREE, Membermax & EduPass FREE, Membermax & EduPass Register Here: https://bit.ly/3qLxZNJ $99, Members $115, Non-Member Register Here: https://bit.ly/3dCvXfm Metropolitan REALTOR® | 9
NEW MEMBERS Akinfolarin, Nazeem–KW Professionals Falkiewicz, Jacob–KW Advantage Alexander, Ebone'–I Am Real Estate Fenech, Matthew–National Realty Centers Alzubi, Tariq–Empire Realty Group Figlak, Carolyn–Max Broock, REALTORS, Brmnghm Anderson, Cheri–Anthony Djon Luxury Real Estat Finn, Patrick–Mitten Realty Group Anderson, Jeffrey–M 1 Realty Inc. Fisher, Brandon–EXP Realty, LLC Andreasen, Gustaf–Nika & Co Frikken, Vian–3DX Real Estate, LLC. Asmar, Terry–Weichert, Realtors-Select Galanes, Katie–EXP Realty, LLC Aubry, Jordan–KW Advantage Gandy-Dix, Somalia–EXP Realty, LLC Ayar, Luke–Realty Executives Home Towne Gao, Fei–National Realty Centers Northv Baroody, Terri–KW Advantage Garcia, Andrea–KW Advantage Best, Ishma–Prep Realty Garvin, Austin–RE/MAX Eclipse Best, Bryan–Max Broock, Inc. Blmfld Hills Gaston, Roderrick–Keller Williams Realty Central Blanco, Patricia–Coldwell Banker Weir Manuel German, Sylvia–RE/MAX Classic Bogdanov, Simeon–RE/MAX First Gibson, Mark–Keller Williams Metro Bogdanova, Daniela–RE/MAX First Gillison Sr., Roderick–Eagles Nest Realty MR Bommarito, Michael–RE/MAX Defined-Oakland Goodman, Jordan–KW Advantage Bonds, Cleveland–EXP Realty, LLC Grace, Sarah–Max Broock Bourchard, Hunter–KW Professionals Green, Ashley–Front Page Properties Braddock, Dustin–EXP Realty, LLC Grewal, Sundeep–Sundeep Singh Grewal Bradley, Meisha–KW Domain Guerrero, Angela–Keller Williams Paint Creek Brown, Elizabeth–EXP Realty, LLC Gunsberg, Karen–Max Broock, REALTORS, Brmnghm Brunckhorst, Jean–3DX Real Estate, LLC. Haboosh, Shayla–EXP Realty, LLC Bryant, Christopher–Realty Executives Home Towne Haddad, John–EXP Realty, LLC Burton, Gerald–Weichert, Realtors-Select Hall, Everett–Vylla Homes Campos, Gibran–KW Advantage Haltinner, Christopher–RE/MAX Dream Properties Cecott, Conner–Coldwell Banker Weir Manuel Hambright, Mike–EXP Realty, LLC Chalifour, Remy–Horizon Real Estate Group, Inc Hanna, Zack–Keller Williams Somerset Chavez, Victor–KW Professionals Hartwig, Tara–EXP Realty, LLC Chidester, Brandon–Remerica United Realty Hasenfratz, Jacquelyn–Quest Realty LLC Clemons, Todd–Real Estate One, Southgate Haynes, Rebecca–Re/Max Defined Conte, Richard–KW Advantage Heinz, Alexandra–Michigan Homes Group, Inc. Copper, Felicia–Biggs Group, Realtors Hemstrom, Charles–Good Company Realty Cotton, Marissa–KW Home Realty Hendrix, Kayla–KW Advantage Covey, Kevin–KW Professionals Hermiz, Jillian–Real Estate One Novi Craig, Michael–Front Page Properties Hetrick, Matthew–Thrive Realty Company Crampton, Peter–Coldwell Banker Weir Manuel Igwenagha, Deshonna–EXP Realty, LLC Currie, Shahna–EXP Realty, LLC Jackson, Wendy–EXP Realty, LLC Curry, Felicia–EXP Realty, LLC Jarrous, Jiryes–Century 21 Curran & Oberski Dalton, Anne–EXP Realty, LLC Jerrell, Walter–Cornerstone Real Estate Co Daly, David–KW Professionals Joerin-Puckett, Melinda–Fox-Bagley Realty Group Dawood, Wisam–National Realty Centers Johnson, Dichondra–Coldwell Banker Weir Manuel Deane, Tammy–24hourbpos Jordan, Jennifer–Berkshire Hathaway HomeService Degroat, Daniel–Key Realty One Kahn, Emily–Hall & Hunter Delgado, Nicholas–KW Advantage Kaiser, Rizwan–Keys & Title Realty DelGreco, Joseph–Vector Valuations LLC Kalach, Mohamad–Weichert, Realtors-Select DeMaggio, Joe–Elite Realty Kallen, Kristi–KLK Realty LLC DeMoss, Evan–Remerica Hometown One Kaltenberg, Jenna–Max Broock, REALTORS, Brmnghm Dempsey, Terra–KW Advantage Kennedy, Lyn–Max Broock, REALTORS, Brmnghm Diadiun, Steven–3DX Real Estate, LLC Kiryakos, Dillon–Keller Williams Paint Creek Dietrich, Gina–Remerica United Realty Kmiec, Sara–KW Professionals Dorko, Jason–EXP Realty, LLC Knight, Harold–KW Realty Livingston Doshi, Nandish–Expert Realty Solutions Inc. Koneval, Patrick–Michigan Power Brokers LLC Drew, Reshonda–Stukkie Real Estate Kovoor, Jacob–Real Estate One Livonia Duncan, Timothy–Century 21 Row Kriewall, Edward–National Realty Centers Northv Durr, Venus–Adams & Associates Realty Grou Kronner, Chanel–Arterra Realty LLC Edison, Felicia–KW Professionals Krygier, Melanie–Century 21 Curran & Oberski Enderle, Ryan–Quest Realty LLC Langs, Leon–21st Century Elegant Homes English, Dawn–Real Estate One, Inc. Lawson, Ardnette–Bloomingdale Realty Fadlallah=, Milad–Sunflower Realty LLC Lazar, Linda–Real Estate One, Inc. 10 | Metropolitan REALTOR®
Lee, David–KW Professionals Shaba, Jimmy–National Realty Centers Lee, Seulah–Brookview Realty Shamow, Rebecca–EXP Realty, LLC Leshley, Joan–RE/MAX First Shunkwiler, Christa–Century 21 Curran & Oberski Liu, Sherry–National Realty Centers Northv Siba, Max–National Realty Centers Ljucovic, Anthony–ALRE Corporation Siefert, Krista–KW Advantage Locklear, Bobby–Keller Williams Realty Central Sielaff, Jason–Key Realty One Madding, Bradley–DOBI Realtors Silverman, Harold–Moving The Mitten RE Group Maher, Mary Rose–Berkshire Hathaway HomeService Singh, Amrinder–Social House Group Manni, Veronica–EXP Realty, LLC Singh, Khimya–Century 21 Today, Inc. Marowsky, Alexander–Social House Group Sitto, Pilar–Level Plus Realty Martin, Daniel–Keller Williams Metro Skorupski, Danielle–EXP Realty, LLC Maxwell, Ajene–Bedrock Management Services Smith, Shannon–Keller Williams Metro McComber, Gabriel–RE/MAX Eclipse Smith, Thomas–KW Home Realty McConnell, Kelsey–Quest Realty LLC Solomon, Athena–G.S. Inc. McCormick, Darren–EXP Realty, LLC Spencer, Jeffrey–Keller Williams Realty Central McEnhill, Casey–Key Realty Stephens, Joslyn–EXP Realty, LLC McKenna, Matthew–Social House Group Steptoe, Alecia–KW Advantage McKinley, Edward–Keller Williams Metro Stevens, Eric–Solutions Realty Group LLC McRae, Justin–EXP Realty, LLC Street, Durand–Anthony Djon Luxury Real Estat Messina, Michelle–Brookstone, Realtors Swain, Michael–Michael Swain Meza, Teresa–Century 21 Curran & Oberski Swanson, Tina–Keller Williams Realty AA Mrkt Michelcavage, Lauren–Real Estate One, Inc. Szydlowski, Alleina–Brookstone, Realtors Mientkiewicz, Keegan–EXP Realty, LLC Taylor, Julia–Keller Williams Metro Miller, Jeffrey–EXP Realty, LLC Thompson, Keith–Century 21 Curran & Oberski Mital, Stephanie–Anthony Djon Luxury Real Estat Travis, Rachael–Keller Williams Somerset Mitchell, Bradley–EXP Realty, LLC Ulrich, Richard–Keller Williams Paint Creek Moner, Hannah–EXP Realty, LLC Updyke, Kristie–National Realty Centers Northv Morris, Judy–Landmark Realty Urbin, Trena–KW Realty Livingston Mufti, Fatima–Keller Williams Paint Creek Vesey, Korey–Slater Signature Homes Mulonas, Pamela–Berkshire Hathaway HomeService Walker, Stacey–EXP Realty, LLC Murphy, Gina–KW Professionals Walker, Terrence–EXP Realty, LLC Myaard-Martin, Valerie–KW Advantage Ward, Ronald–Fathom Realty Nelson, Geoffrey–Key Realty One Watkins, Nicholas–Dwellings Unlimited LLC Oden, Latawn–Front Page Properties Weichel, Erika–EXP Realty, LLC Pannell, Lanise–Re/Max Defined Wheeker, Julie–Bittinger Team, REALTORS Paull-Baird, Sawyer–Keller Williams Realty Central White, Rasta–EXP Realty, LLC Peda, Tomasz–Keller Williams Realty Central White, Mark–NFH Realty Pennala, Krisha–EXP Realty, LLC Widner, Christine–EXP Realty, LLC Perry-Manigault, Daynah–Pretty Homes Realty, LLC Wiercioch, Joseph–KW Advantage Petit, Beverly–Michigan Homes Group, Inc. Williams-Selvaraj, Lakesha–Howard Hanna Real Estate Servi Phan, Cindy–RE/MAX Nexus Winningham, Kevin–Keller Williams Paint Creek Phan, Vuong–Remerica Integrity II Wolfe, Harry–Century 21 Town & Country Nor. Pletta, Thomas–EXP Realty, LLC Wright, Stephen–APM Real Estate Group Polizzi, Paul–Community Choice Realty Yelder, Larry–KW Advantage Pope, Sondreia–EXP Realty, LLC Youhana, Simon–Vision One Realty Potocki, Penny–Red Carpet Lakeside RE Zakas, David–Key Realty One Preston, Casey–Real Living Kee Realty Zastrow, Ashley–Keller Williams Paint Creek Pricop, Ronald–EXP Realty, LLC Zientak, Brian–Brookstone, Realtors Pruett, Joshua–Hall & Hunter Railey, Cody–Century 21 Curran & Oberski Raslan, Hatem–KW Home Realty Reboya, Maria–Elite Realty Rengaswamy, Thejas–Coldwell Banker Weir Manuel Bi Rogers, Adrienne–Century 21 Curran & Oberski We Couldn’t Do It Without You Rogers, Chauntia–Coldwell Banker Weir Manuel Ruper, Gregory–Lee Realty Inc Rupert, Jodi–EXP Realty, LLC Russow, Krystle–Keller Williams Realty AA Mrkt THANK YOU ORIENTATION SPONSORS Schmeiser, Shannon–Real Living Kee Realty Clinton FOR THE MONTH OF JANUARY 2021: Schrader, Nicholas–Listing Group LLC MICHIGAN FIRST MORTGAGE Schwartz, Thomas–Hall & Hunter TITLE CONNECT Metropolitan REALTOR® | 11
R PA C R E P O R T By GORDON MCCANN GMAR RPAC Chair Busy Time of the Year With Spring just around the corner, Realtors With your RPAC Investment Realtors are at the are getting ready for the busiest time of the table and participating in the discussion. If we year for business. With the pent-up demand did not have your RPAC dollars, we would be on from COVID-19 and the small number of listings the menu. on the market, we have been more focused With your RPAC Investment, we have been able on closing real estate transactions and today's to keep Realtors from being taxed on home sales business. Just like you have auto insurance/ (THAT DREADED 6% USAGE TAX or sales tax). business insurance, marketing strategies, etc., it You must have a vested interest in our industry's is crucial to protect our Real Estate Investments success, and your RPAC Investment makes the and prepare for the year ahead. The most difference. important part of our Investment in Real Estate RPAC is the most bi-partisan organization in should be your investment in RPAC…. Let's look the country. at some of the benefits we, as Realtors, take for granted. Not everyone will agree with our positions, but government leaders see us as a united industry, As a result of the COVID-19 outbreak, wearing working together, despite our differences. face masks, social distancing, and working from home has become the new norm. As Realtors, Major Investors are Realtors who are investing we enjoyed the benefit of being able to show in our industry's future, starting this year with a homes, Sell Real Estate, List homes, etc. because Major Investor cocktail hour and several other your RPAC dollars enabled us to be classified planned events throughout the year. To join as an essential business. RPAC dollars enables this group, let GMAR's Travis Greer know of your us to concentrate on policies that deal with interest and welcome aboard. private property rights and Realtor's abilities to earn our living, and elected officials make those decisions. Think of it as you are going to your favorite restaurant and at a large table are elected officials and interested parties discussing legislation. 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 January 2021. Joseph Anderson Melissa Degen Roger Martin Patricia Straub Karen Betzing Jamie Driscoll Shannon Motes Brenda Szlachta Loretta Brown Jane Evans Michael Procissi Nikki Trombley Adrienne Bryant James Feaheny Sahar Qaqish Eva Vermeesch Keith Burton Sarah Foster Eric Raymo Cynthia Vestal Donna Caumartin Jeffrey Garner Michael Rousseau Misty Weisenberger Lori Chattinger Jill Gleba Mary Anne Russo Angelque Whidby Matthew Cheplicki Keenan Gottschall Jaye Sanders Yolanda Williams-Davis Peter Chirco Merrill Guerra Adam Shepherd Jade Wimpey Ponce Clay Richard Harrison Jeffrey Slomovitz Jonathan Zaia Joan Conant Nancy Howell Stephen Smith Michelle Zarghami Joseph Conway S. Toni Jennings Alexis Sprankle Mark Zawaideh Debra DeAngelo Kathleen Malczynski Pamela Stoler *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 With Our Deepest Sympathy KEISHA SANDERS-HAJDU We are sad to inform you of the passing of Keisha Sanders-Hajdu of NFH Realty. GMAR staff, leadership, and membership extend warm condolences to the family and friends of Keisha. CATHERINE A. RAKOZY We are sad to inform you of the passing of Catherine A. Rakozy of Real Estate One-Plymouth. GMAR staff, leadership, and membership extend warm condolences to the family and friends of Catherine. 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. Metropolitan REALTOR® | 13
F R O M A N A F F I L I AT E By RENEE SMITH GMAR Affiliate Committee Chair Title Partners Business Development Manager rsmith@mytitlepartners.com Is there Luck in Real Estate? May your pockets be heavy, and your heart be NOT trust any bank account information that was light. May good luck pursue you each morning sent via email and DO NOT call a phone number and night. listed within that email for your verification. Get the Do not count on luck to close your real estate phone number from your Realtor or Lender.” transaction! Consider this, after beating out multiple offers your clients is the offer chosen on a purchase of their dream home! Now starts the process of NAR has provided the following list of getting through all the steps necessary to get to the ways to protect yourself and your clients closing table. Only to have it all fall apart due to the against cybercriminals: buyer falling victim to a cybercriminal that hacked their account and they lost all the funds they were 1. First, from the outset and throughout the relationship, using to purchase the home! constantly advise and remind your clients on how you will communicate with them, and to verify any and all information With 2020 not only bringing us a pandemic sent to them, especially as payments come due and as the it also has given a gateway to cybercriminals closing date draws near. more than ever. As a large part of the nation is still working remotely this also means that we 2. Next, familiarize yourself and educate your clients about the are transacting most if not all if the real estate various pandemic related schemes criminals are using. Check transaction electronically. Wire Transfer Fraud out the FTC website which provides videos and robocall audio is one of the biggest issues that can occur in a recordings about COVID-19 related scams that can be reviewed real estate transaction. With most transactions and shared so that you and your client can better know when having a large amount of correspondence via being targeted. email or text these days it is unfortunately not 3. Third, know where to go for trustworthy information about the surprising! For this reason, you need to be aware! pandemic, and educate your clients not to rely on third-party Educate yourself and your client about the ways e-mails or websites, and instead, visit authoritative websites, they can protect themselves from being a victim such as the CDC, SBA, or other governmental agencies directly. to one of these cyber criminals. 4. Fourth, diligently check your e-mail account for any suspicious Now is the time more than ever to be aware of activity. Make it a habit of checking your deleted e-mail folder Wire Transfer Fraud. Be sure to reach out to your and your mailbox settings. If you see any suspicious activity, trusted affiliate partners such as Title Companies, such as automatic forwarding to an outside e-mail account, and Mortgage Companies that you and your change your password immediately and contact your e-mail clients are working with and know how they will provider. be communicating with all parties. Know their 5. Lastly, check out NAR’s resources on NAR's Data Privacy & email addresses and keep a watchful eye when Security webpage. You will find resources like the NAR responding to them that the email address has Cybersecurity Checklist: Best Practices for Real Estate remained the same! As a good reminder for you Professionals, which provides best practices to curb the risk of and to pass along to your clients I offer this - “If cybercrime. anything looks suspicious ALWAYS check it out and Remember. You can never be too careful when conducting ask questions. A Title Company should request that business digitally. By being informed and cautious, you and your you call their office to confirm wire instructions. DO client can protect against becoming another victim of cybercrime. 14 | Metropolitan REALTOR®
6069- Realtor Crystal Pin 6455- Realtor Charging Cord 6498- Real Estate Caps Choose from Silver or Gold Choose from Blue or Pink Choose from the following titles: I Love Real Estate, Real Estate Life, and Member Price: $8.95 Member Price: $6.99 Interested in Real Estate March Member Sale Price: $6.95 March Member Sale Price: $5.99 March Member Sale Price: $8.95 6195- Deluxe Padfolio 6409- That’s Who We Are Tote 5894- Realtor Tumbler Choose from Black, Blue, Tan and Only comes in the Blue Comes in Red, Blue, Black, Green, Yellow, Burgundy Pink, Purple, and Light Blue Member Price: $18.95 Member Price: $9.00 Member Price: $14.00 March Member Sale Price: $15.95 March Member Sale Price: $7.50 March Member Sale Price: $9.99 Metropolitan REALTOR® | 15
REALCOMP MONTHLY HOUSING STATISTICS REPORT NOW AVAILABLE ONLINE Here are the monthly real estate statistics for the month of January 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 – January 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 January Year to Date Key Metrics 2020 2021 % Change Thru 1-2020 Thru 1-2021 % Change New Listings 4,186 3,401 - 18.8% 4,186 3,401 - 18.8% Pending Sales 3,060 3,336 + 9.0% 3,060 3,336 + 9.0% Closed Sales 2,727 2,852 + 4.6% 2,727 2,852 + 4.6% Days on Market Until Sale 50 35 - 30.0% 50 35 - 30.0% Median Sales Price* $160,000 $194,500 + 21.6% $160,000 $194,500 + 21.6% Average Sales Price* $204,032 $237,842 + 16.6% $204,032 $237,842 + 16.6% Percent of List Price Received* 96.3% 98.7% + 2.5% 96.3% 98.7% + 2.5% Inventory of Homes for Sale 8,718 4,117 - 52.8% –– –– –– Months Supply of Inventory 2.3 1.1 - 52.2% –– –– –– Condo January Year to Date Key Metrics 2020 2021 % Change Thru 1-2020 Thru 1-2021 % Change New Listings 888 754 - 15.1% 888 754 - 15.1% Pending Sales 634 674 + 6.3% 634 674 + 6.3% Closed Sales 550 519 - 5.6% 550 519 - 5.6% Days on Market Until Sale 49 41 - 16.3% 49 41 - 16.3% Median Sales Price* $159,000 $175,550 + 10.4% $159,000 $175,550 + 10.4% Average Sales Price* $213,335 $213,983 + 0.3% $213,335 $213,983 + 0.3% Percent of List Price Received* 96.8% 97.8% + 1.0% 96.8% 97.8% + 1.0% Inventory of Homes for Sale 1,756 1,187 - 32.4% –– –– –– Months Supply of Inventory 2.5 1.7 - 32.0% –– –– –– * 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 February 5, 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 An Extraordinary January Show ings per list ing near July 2 0 2 0 high p oint am i d continued rising sales, sales prices January Real Estate Market Commentary: January started off strong for the housing market, with healthy buyer demand and strong market fundamentals. A robust increase in housing starts in December points to an active year for new construction, but higher material costs, especially lumber, and a limited supply of buildable lots will temper the number of new units. Closed Sales increased 6.1 percent for Residential homes but decreased 2.4 percent for Condo homes. Pending Sales decreased 0.5 percent for Residential homes but increased 12.8 percent for Condo homes. Inventory decreased 54.1 percent for Residential homes and 33.9 percent for Condo homes. The Median Sales Price increased 15.9 percent to $197,000 for Residential homes and 3.9 percent to $180,000 for Condo homes. Days on Market decreased 28.8 percent for Residential homes and 19.0 percent for Condo homes. Months Supply of Inventory decreased 56.0 percent for Residential homes and 35.7 percent for Condo homes. The Mortgage Bankers Association’s January research estimates approximately 2.7 million homeowners with mortgages are currently in forbearance plans. Some of these homes may eventually come to market but given the strong appreciation in most market segments in recent years, these eventual home sales are likely to be mostly traditional sellers. However, a modest increase in short sales and foreclosures at some point this year would not be surprising. 18 | Metropolitan REALTOR®
Listing and Sales Summary Report January January 2021 Year-Over-Year Quick Comparisons: Listing • Last and month,Sales Summary Realcomp Report imported nearly 1.9M listing records into the Realcomp MLS database as a part of our expanded data sharing efforts with MichRIC (an MLS provider on the west side of Michigan). These new January 2021 records have produced an increase in January listing counts for this year and last year. Based on our review of the overall numbers, the following metrics were captured: Total Sales (Units) o New Listings were down by 20.3%Median from Sales 10,732Prices to 8,549. Average DOM On-Market Listings (Ending Inventory) Jan-21 Jan-20 % Change Jan-21 Jan-20 % Change Jan-21 Jan-20 % Change Jan-21 Jan-20 % Change o Pending Sales were up by 1.2% from 8,136 to 8,231. All MLS (All Inclusive) 7,437 7,079 +5.1% $195,000 $170,010 +14.7% 48 66 -27.3% 12,377 25,525 -51.5% o Closed Sales were up by Total Sales (Units) 5.1% from 7,079 to 7,437. Median Sales Prices Average DOM On-Market Listings (Ending Inventory) City of Detroit* 261 305 -14.4% $66,250 $38,500 +72.1% 59 56 +5.4% 1,175 2,272 -48.3% o Listings that were both listed and pended in the%same Changemonth were at% 3,955. Change This represents 46.3% of Dearborn/Dearborn Heights* Jan-21 160 Jan-20 135 %+18.5% Change Jan-21 $163,950 Jan-20 $151,000 +8.6% Jan-21 25 Jan-20 35 -28.6% Jan-21 177 Jan-20 386 %-54.1% Change All MLS (All the Inclusive) new listings 7,437 for 7,079 the month +5.1% and 48% $195,000 of the $170,010 pended +14.7% listings 48 for 66 the month. -27.3% 12,377 25,525 -51.5% Downriver Area* 282 310 -9.0% $142,750 $130,250 +9.6% 25 44 -43.2% 358 738 -51.5% City o Median Sales of Detroit* 261 Price 305 was-14.4% up by 14.7% $66,250 from $170,010 $38,500 +72.1%to 195,000. 59 56 +5.4% 1,175 2,272 -48.3% Genesee County 323 338 -4.4% $160,000 $140,250 +14.1% 40 60 -33.3% 475 1,214 -60.9% o Dearborn/Dearborn Greater Wayne* Months-Supply Heights* 160 988 of 135 951 Inventory +18.5% +3.9% was down $163,950 $172,500 by 53.8% $151,000 $145,000 from +8.6% +19.0% 2.6 25 29 to 1.2. 35 44 -28.6% -34.1% 177 1,278 386 2,568 -54.1% -50.2% Downriver Grosse Pointe oAreas* Area* Average Showings 282 52 310 39 per+33.3% Home increased -9.0% $142,750 $306,500 from 7.5 to $130,250 $319,900 11.3. 25 +9.6% -4.2% 47 44 64 -43.2% -26.6% 358 93 738 180 -51.5% -48.3% Genesee County Hillsdale County 323 39 338 26 -4.4% +50.0% $160,000 $120,000 $140,250 $148,250 +14.1% -19.1% 40 74 60 96 -33.3% -22.9% 475 114 1,214 156 -60.9% -26.9% Greater Wayne* Huron County 988 6 951 6 +3.9% 0.0% $172,500 $90,000 $145,000 $112,250 +19.0% -19.8% 29 48 44 161 -34.1% -70.2% 1,278 24 2,568 60 -50.2% -60.0% Grosse JacksonPointe Areas* County 52 159 39 117 +33.3% +35.9% $306,500 $155,514 $319,900 $128,000 -4.2% +21.5% 47 74 64 76 -26.6% -2.6% 93 367 180 468 -48.3% -21.6% Hillsdale County Lapeer County 39 75 26 58 +50.0% +29.3% $120,000 $223,490 $148,250 $184,950 -19.1% +20.8% 74 46 96 62 -22.9% -25.8% 114 149 156 323 -26.9% -53.9% Huron LenaweeCounty County 6 93 6 82 0.0% +13.4% $90,000 $165,000 $112,250 $127,450 -19.8% +29.5% 48 57 161 100 -70.2% -43.0% 24 216 60 320 -60.0% -32.5% Jackson County Livingston County 159 202 117 197 +35.9% +2.5% $155,514 $310,000 $128,000 $280,000 +21.5% +10.7% 74 38 76 56 -2.6% -32.1% 367 266 468 597 -21.6% -55.4% Lapeer Macomb County County 75 879 58 823 +29.3% +6.8% $223,490 $195,000 $184,950 $165,000 +20.8% +18.2% 46 30 62 47 -25.8% -36.2% 149 941 323 2,169 -53.9% -56.6% Lenawee County Metro Detroit Area* 93 3,523 82 3,398 +13.4% +3.7% $165,000 $210,000 $127,450 $180,000 +29.5% +16.7% 57 34 100 49 -43.0% -30.6% 216 5,418 320 11,101 -32.5% -51.2% Livingston County Monroe County 202 117 197 110 +2.5% +6.4% $310,000 $189,900 $280,000 $174,950 +10.7% +8.5% 38 48 56 66 -32.1% -27.3% 266 219 597 462 -55.4% -52.6% Macomb County Montcalm County 879 53 823 40 +6.8% +32.5% $195,000 $150,500 $165,000 $117,500 +18.2% +28.1% 30 64 47 98 -36.2% -34.7% 941 79 2,169 160 -56.6% -50.6% Metro Detroit Oakland CountyArea* 3,523 1,193 3,398 1,122 +3.7% +6.3% $210,000 $265,000 $180,000 $237,500 +16.7% +11.6% 34 36 49 53 -30.6% -32.1% 5,418 1,758 11,101 3,495 -51.2% -49.7% Monroe County Saginaw County 117 150 110 126 +6.4% +19.0% $189,900 $130,000 $174,950 $113,000 +8.5% +15.0% 48 39 66 55 -27.3% -29.1% 219 155 462 389 -52.6% -60.2% Montcalm County Sanilac County 53 30 40 16 +32.5% +87.5% $150,500 $135,000 $117,500 $101,250 +28.1% +33.3% 64 107 98 92 -34.7% +16.3% 79 65 160 142 -50.6% -54.2% Oakland County Shiawassee County 1,193 53 1,122 78 +6.3% -32.1% $265,000 $123,000 $237,500 $126,250 +11.6% -2.6% 36 31 53 51 -32.1% -39.2% 1,758 108 3,495 188 -49.7% -42.6% Saginaw County St. Clair County 150 154 126 126 +19.0% +22.2% $130,000 $159,000 $113,000 $158,950 +15.0% +0.0% 39 33 55 63 -29.1% -47.6% 155 227 389 482 -60.2% -52.9% Sanilac County Tuscola County 30 21 16 19 +87.5% +10.5% $135,000 $150,000 $101,250 $106,500 +33.3% +40.8% 107 25 92 55 +16.3% -54.5% 65 38 142 94 -54.2% -59.6% Shiawassee County Washtenaw County 53 269 78 220 -32.1% +22.3% $123,000 $287,700 $126,250 $287,000 -2.6% +0.2% 31 39 51 59 -39.2% -33.9% 108 740 188 1,030 -42.6% -28.2% St. Clair County Wayne County 154 1,249 126 1,256 +22.2% -0.6% $159,000 $157,000 $158,950 $128,000 +0.0% +22.7% 33 35 63 47 -47.6% -25.5% 227 2,453 482 4,840 -52.9% -49.3% *Tuscola County Included in county numbers. 21 19 +10.5% $150,000 $106,500 +40.8% 25 55 -54.5% 38 94 -59.6% Washtenaw County 269 220 +22.3% $287,700 $287,000 +0.2% 39 59 -33.9% 740 1,030 -28.2% Wayne County Current as of1,249 1,256 February 5, 2021. All data from-0.6% $157,000 Realcomp II Ltd. This $128,000 report is not to be +22.7% reproduced or redistributed 35 without Realcomp's 47written consent. express -25.5% Metropolitan REALTOR® | 19 2,453but not guaranteed. Data deemed reliable 4,840 Report © 2021-49.3% ShowingTime. * Included in county numbers.
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