Ohio REALTOR legal seminar coming to a locale near you!

scales of justice

By Garry Moon, Ohio REALTORS Director of Professional Development

In today’s ever-changing climate, it’s more important than ever for Ohio’s REALTOR community to keep abreast of the latest information. Your Ohio REALTORS is offering a don’t miss opportunity to learn about state and federal regulatory issues, license law changes, recent legal decisions and industry trends to reduce your risk and potentially increase your earnings!

The 2017 Industry, Legal & Legislative Update Seminar Series — presented by OAR’s legal team of Peg Ritenour and Lorie Garland — is approved for 3 hours of core law education credit and will be coming to a locale near you:

  • June 6 — Dayton, 1-4:15 p.m.
  • June 12 — Perrysburg, 1-4:15 p.m.
  • June 14 — Cincinnati, 1-4:15 p.m.
  • June 15 — Cambridge, 1-4:15 p.m.
  • June 21 — Broadview Heights, 1-4:15 p.m.
  • June 22 — Columbus, 9 a.m.-12:15 p.m.

Click here for more information, as well as an opportunity to register in advance and save $10!

Tags: Association news, professional development

We Are Ohio REALTORS: Ambassadors

Ohio REALTORS is proud to present “Ambassadors,” part of its year-long video series celebrating the many attributes REALTORS possess. This video celebrates the important role REALTORS play in boosting our communities and advancing the American Dream .

This ground-breaking series is designed to showcase the unique professionalism, respect and admiration embodied within Ohio’s more than 30,000 real estate professionals. Click the links below to view past episodes of the “We Are Ohio REALTORS” professionalism series:

Tags: We Are Ohio REALTORS Professionalism Series

Coaching Corner: Break for success

By “Coach” Marilou Butcher Roth

As I write, it is Thursday evening and I am heavily (and happily) in preparation for a family party we are having on Sunday. It’s a rather large and special one, as my oldest set of twins turn 40!!

Not exactly sure how we arrived at this point, but that is indeed another matter. Progress is being made on my list of action items to ensure a great time, and then I notice I am no longer in the mood to keep going. Have you ever been there?

So, I made a decision to take a break — there was a show I had wanted to catch up on that would take about an hour. Ahh, it was lovely…and following the show I felt energized and ready to continue my previous tasks. Now, this may not be news to you all, but I had always had the mentality that when I had something of significance to accomplish, I just needed to push my way through until completion. I have been finding over the past few years that taking a break when you need to is imperative for getting positive results, not just completing the task at hand.

In fact, this falls in line with how we need to be tuning in generally to ourselves, following what wants to happen, rather than generating that PUSH to get things done. There is more of a flow that occurs and I have found time and time again that everything goes much smoother when I pay attention to me!

This week, try following your instincts and see what happens. Instead of opening the fridge and looking for food, tune in to see if you are actually hungry. Instead of staying up til all hours completing paperwork, check in with yourself and your energy to see if persevering will benefit your outcome or might be a deterrent.

Keep it simple!

 

Marilou Butcher Roth is the owner of The MBR Group, a coaching and training company working primarily with REALTORS who have a desire to work and live from a more inspired place. She is also the Broker/Owner of Group REALTORS in Cincinnati.

Marilou is a member of the OAR Board of Directors and past chairman of the organization’s Communications Committee. Feel free to contact Marilou to see if coaching is right for you: Marilou@mbr-group.com

 

Tags: Coaching Corner, training

Staying safe while meeting strangers

As a real estate professional, there is always a level of risk to your personal safety when meeting an unknown person. Here are a few simple steps you can take to decrease that risk.

Source: National Association of REALTORS

Tags: Ohio Safety Series, safety

Ohio’s April Housing Report: Tight inventories of homes for sale, quicker sales pace and rising list prices

home keys

By Carl Horst, Ohio REALTORS Director of Publications/Media Relations

The latest review of the Ohio housing marketplace shows a continued increase in asking prices and fewer days that homes are being marketed for sale compared to April 2016. Overall, the Buckeye State is continuing to confront the ongoing challenges posed by tight inventory levels of homes listed for sale.

The headline from REALTOR.com’s April 2017 Housing Report, which tracks inventory of for-sale single-family homes and condos, median list prices, inventory levels and days on the market for cities across the country, is that the spring home buying season is growing competitive as prices reach record highs. Further the April data shows little relief to the inventory shortage, with homes selling six days faster than last year. More:
Prices in the residential real estate market hit record highs in April while for-sale inventory saw limited growth, according to new data on inventory and demand from realtor.com.

Sales kept momentum in April, with homes moving 7 percent more quickly than last year – even as prices continue to increase.The median age of properties on realtor.com in April ended at 62 days, which indicates that properties are selling six days faster than this time last year. The typical spring upswing in buying and selling has come about a month earlier than usual, and the median age of for-sale listings is now 6 days less than last month.

Earlier this spring, the nationwide median home list price pushed above $250,000 for the first time. Now at $269,000, the median list price is 9 percent higher than one year ago.

Reflecting seasonal shifts, total inventory increased over last month, but remains substantially lower than one year ago. Even with nearly 525,000 new listings added to the market in April, inventory continues to fall short of buyer demand.

“With a record number of home buyers out there this spring, it’s officially the most competitive, fastest-moving housing market in decades” said Javier Vivas, manager of economic research at realtor.com. “Following a furious start to the season, the median days on market for homes on realtor.com in April is the lowest since the end of the recession, and nearly a third of homes are now selling in less than 30 days nationally. The lack of affordable inventory remains a critical issue, particularly for a growing number of first-time home buyers and millennials looking for starter homes and urban dwellings.”

Compared to the findings from a year ago, an overwhelming majority of Ohio markets tracked reported an increase in the list price, quicker sales and lower inventory levels in May.

April 2017 vs. April 2016

List Prices Active Listings Days on Market
U.S. Average 9% -12% -7%
 Ohio Markets
Akron 16% -17% -14%
Ashtabula 6% -16% 2%
Canton- Massillon 4% -10% -9%
Chillicothe -4% -11% -11%
Cincinnati 22% -24% -9%
Cleveland-Elyria 10% -15% -14%
Columbus 19% -18% -15%
Dayton 4% -24% -22%
Findlay 5% -28% -10%
Lima -18% -24% -4%
Mansfield 9% -24% -37%
Marietta -1% 35% -2%
New Philadelphia-Dover 4% -9% -7%
Portsmouth -9% -8% -29%
Salem 3% -4% -12%
Sandusky 1% -23% -20%
Springfield -10% -16% -16%
Steubenville-Weirton, West Virginia 4% -5% -19%
Toledo 11% -13% -5%
Wooster 4% -21% 8%
Youngstown-Warren-Boardman 11% -14% -21%
 Zanesville 7% 6% -1%

“The low inventory levels in markets across Ohio continues to pose a significant challenge,” said Ohio REALTORS President Pete Kopf. “The shortfall in inventory is resulting in higher list prices and a factor in quickening the pace of sales.”

Tags: research

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