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Broker Blast - a brokers only e-newsletter publication of the Metropolitan Indianapolis Board of REALTORS


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Stat of the Week 
The Affordable Housing Profile tool in The Stats House® database provides current housing market and affordability statistics for a 10-mile radius of an address. Visit www.thestatshouse.org and bookmark it for future visits. 
 
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For information on MIBOR Division meetings. More

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JANUARY 18
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JANUARY 27-28

IAR Legislative Conference. More








 


Hot Topic




Lawrence Yun Offers 2014 Housing Forecast

As we head into a brand new year, there are quite a few things to consider regarding the future of housing. Recently, NAR Chief Economist Lawrence Yun presented his 2014 Housing Forecast. Here we’ll breakdown the highlights of his national perspective.

  • Overall Yun characterizes the last two years as ones of recovery with 20 percent cumulative gain in units sold and prices rising at double digit rates. Those factors led to a 40 percent increase in overall dollar volume
  • Nationally we are experiencing a decline in affordability. Incomes are not keeping pace with higher prices and interest rates are rising
  • Looking into 2014 he sees a plateau effect with no noticeable growth in units sales, but a continual rise in price due to low inventory levels
  • Overall the national economy is expanding decently, but not robustly. Roughly 2 million jobs were added in last 12 months and he expects similar growth in 2014
  • Yun sees job growth as a positive compensating factor for rising interest rates
  • He noted that interest rates currently hover at 4.2 percent, and that while no one can predict on a week to week basis, he thinks interest rates will creep higher ending the year of 2014 with an average of 5.3 percent
  • Yun is looking for mortgage underwriting standards to loosen up in 2014 since purchase mortgages have been gaining profits for banks this year  
  • He sees no suggestion of double dip recession or bubble. He feels prices are appropriate
  • Yun suggested new home construction as a significant driver in solving the low inventory situation. He hopes for an additional 50 percent growth in production over this year’s gains

Yun breaks it down in this 8-minute video. Click here to view.

Technology Tip
Start Your Year Off Right With Free Training!
The latest schedule of complimentary Fusion™ training has been posted. This is the perfect opportunity to start your year off right. Also consider, “Training on the Go”.  Access our BLC® Bootcamp training videos from your desk or mobile device. These short videos cover a wide variety of topics. Click here for the playlist. 

For a description of training classes, click here. For online registration, click here or call Tech Support (317) 956-5000 x1.  

Tue

Jan 7

9:30 - 11:30

Basic

Thr

Jan 9

1:30 - 3:30

Basic

Tue

Jan 14

1:30 - 3:30

Basic

Wed

Jan 15

9:30 - 11:30

Prospecting

Thr

Jan 16

1:30 - 3:30

Mapping/CMA

Tue

Jan 21

1:30 - 3:30

Realist

Wed

Jan 22

1:30 - 3:30

Basic

Tue

Jan 28

1:30 - 4:00

Admin

Wed

Jan 29

1:30 - 3:30

Basic

Thr

Jan 30

9:30 - 11:30

Advanced


Other News from MIBOR 
New Year's Resolution #1...Have More Fun!
Kick off your new year in style at the MIBOR Ball! It is your night, so get your table names together and register now. It’s not too late. Make this the year you celebrate our industry’s success and usher in a new leadership team for your association at the MIBOR Ball. In addition to all the night’s excitement, we are thrilled to announced electronic bidding at the Ball sponsored by The National Bank of Indianapolis. Make sure you have your smart phone on hand to take part in the fun. Click here to make your reservation today! Click here for a few tips from your fellow members on attire! 


 


2014 MIBOR, 1912 N. Meridian St., Indianapolis, IN 46202 317-956-1912 www.mibor.com

 

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