REALTORS® of South Central Kansas Logo

REALTORS® of South Central Kansas News

National Association of REALTORS® News

Monday, April 25 2016 2:33 PM
Categorized In REALTORS®
  • 4 Housing Predictions for the Rest of 2016…Freddie Mac economists are still upbeat about the housing market’s outlook for the rest of the year, despite recent data that showed a gloomier first quarter in economic growth than originally projected. According to Freddie Mac's April outlook, housing will “maintain its momentum in 2016 and be an economic engine of growth."  Read More

  • 6 Ways Tech Will Change How You List Homes…At this week’s RESO conference, experts explained how innovations would change how MLSs, brokers, and agents bring property to the market.  After what's felt like years of excruciatingly slow change, it seems multiple listing services are poised to embrace a number of new technologies and big shifts in the ways sellers list their homes and buyers search for them.  Read More

  • Voice for Real Estate 44: Criminal Records, Reverse MortgagesWatch Here

National Association of REALTORS® News

Friday, April 15 2016 7:10 AM
Categorized In REALTORS®
  • NAR Asks Senate to Streamline RHS Loans...NAR has sent a letter to the Senate Subcommittee on Rural Development and Energy underscoring the importance of allowing the Rural Housing Service (RHS) to use approved lenders as delegated underwriters, a change that would streamline the processing of loans guaranteed by the agency. The Housing Opportunity Through Modernization Act, which was passed unanimously by the House in February and is now awaiting a vote by the Senate, would give RHS that authority. Today, lenders can underwrite RHS-guaranteed loans, but each loan must go past an official at RHS for final approval. More
  • NAR Presses HUD on Mortgage Insurance...NAR has asked federal housing officials to stop requiring home owners who use FHA-backed mortgages with initial loan-to-value (LTV) ratios of more than 90 percent to pay mortgage insurance premiums for the life of the loan. In a letter to HUD, NAR said it is possible to allow borrowers to stop paying the premiums when their LTV ratio reaches 78 percent without harming the Mutual Mortgage Insurance Fund.Details.
  • Webcast: Selling Homes with Reverse Mortgages...NAR will host a live webcast about the issues affecting the sale of a home with a reverse mortgage. Among the questions answered: Are you dealing with the owner or a trustee? Does a child of the owner have the right of first refusal to buy the property? What happens if the market value of the house is less than the balance on the reverse mortgage? You can get you own questions answered during the live webcast, Thursday, April 21, at 2 p.m., Eastern Time. Principal speaker is a reverse mortgage servicing specialist. Registration
  • Voice for Real Estate: Outwitting Online Scammers...In case you missed it: The Federal Trade Commission (FTC) and NAR recently posted a warning on the FTC website about hackers who have been stealing money from home buyers by spying on real estate transactions. The latest Voice for Real Estate news video looks at how the scammers deceive buyers, and also covers FHA handbook changes that NAR believes lose the distinction between appraisals and home inspections, and commercial real estate opportunities arising from changes companies are making to their accounting practices because of coming rule changes.

Fair Housing Month

Saturday, April 9 2016 8:11 AM
Categorized In REALTORS®

April Declared Fair Housing Month in Wichita

April marks the 48th year since the signing of the Federal Fair Housing Act. On Tuesday, April 5th at the Wichita City Council meeting, Wichita Mayor Jeff Longwell read a proclamation declaring April Fair Housing Month in the City of Wichita.

 

 

National Association of REALTORS® News

Thursday, April 7 2016 3:18 PM
Categorized In REALTORS®
  • How Do Scammers Know What They Know?...The success hackers have had in infiltrating real estate transactions to siphon off money into illegal accounts has prompted the Federal Trade Commission and NAR to post a warning on the FTC website. The latest Voice for Real Estate news video looks at how scammers phish for key information and then exploit it to rob home buyers. Other stories look at FHA handbook changes that NAR believes blur the line between appraisals and home inspections. The video also looks at commercial real estate opportunities as companies revamp their accounting practices to meet coming rule changes. Another topic is where home sales are headed, based on the latest contract signings.

  • Registration Open for Safety Webinar…Learn about implementing safety protocols in a webinar on Wednesday, April 20, at 1 p.m., Central time. Share registration link.

  • The latest trend report from realtor.com® Chief Economist Jonathan Smoke is availableClick here to view.

National Association of REALTORS® News

Monday, April 4 2016 5:55 AM
Categorized In REALTORS®
  • Webcast: Reverse Mortgages…NAR will host a live webcast about the unique characteristics of reverse mortgages on April 21, 2-3 p.m. Eastern Time. Panelists, including an executive of a reverse mortgage servicer and a senior official of the National Reverse Mortgage Lenders Association, will discuss the timelines and special requirements that real estate professionals should be familiar with if they handle the sale of a home that has one. Register.

  • Foreclosure Prevention Extension Passes House…The U.S. House of Representatives on March 31 passed S. 2393, the Foreclosure Relief and Extension for Service Members Act of 2015, which extends the one-year protection from foreclosure in the Service Members Civil Relief Act (SCRA) through 2017. The Senate approved the legislation in 2015, and it is expected to be signed by President Obama. NAR was part of a coalition that urged the House to vote for the bill. Details.

  • Patent Trolls Exploiting Judicial DistrictsNAR is trying to get lawmakers to crack down on patent trolls targeting certain judicial districts to improve their chances of winning infringement cases.

  • Internet Tax Fairness Needed…Congress must pass legislation allowing states to collect sales tax on purchases made through online retailers, or brick-and-mortar retailers will remain at a tax-collection disadvantage, NAR says.