As I pen my message to you, new homes sales surged 20.7% in March, the highest level since August 2006, according to Yahoo Finance. During the same period, existing home sales dropped to a seven-month low. Inventory of homes for sale is shockingly low in most of our markets. The challenge ahead is to shift from a refinance to purchase market in a space where many prospective buyers are competing for a limited supply of homes. Are you changing your business practices to adapt?
Many of our member companies are working under the Temporary Work from Home Bulletin. This fall a rules advisory committee will convene to evaluate the current guidelines and establish protocols for permanent remote work rules and your OMBA will be at the table for that conversation. Please contact me directly if you have an interest in participating in the process.
It is likely we will need your participation, soon, to share our comments on a couple of bills under consideration this legislative session. If you aren't a current member of the Mortgage Action Alliance (MAA) please register right away. It’s free to join and we’ll need your voice in the conversation.
I would like to welcome Stewart Title as our newest member. Thank you to all our renewing members. Your support is appreciated and essential to the organization’s work. If you haven't had a chance to renew for 2021, please contact our membership chair Mikal Mele with Fairway Independent firstname.lastname@example.org who will be happy to assist you.
The Bronwyn Morrissey event on April 15th, Sponsored by Essent Guarantee, was a success. We were reminded of the importance of shifting our mindset as we move from a refinance to purchase environment. Thank you to Essent Guarantee who made that event possible.
Our next events will be equally as compelling. You can register here.
- April 29th- Elliot Eisenburg Economist - sponsored by American Pacific Mortgage
- May 19th - Realtor® panel featuring top producers in our market
- June – Keep your eyes open for exciting news about a face to face event!
- August 4th – annual golf tournament. Registration opens June 1, 2021.
Thank you to First Choice Appraisal Management, our first Platinum Level Annual Sponsor. We are so grateful for their generous support of our organization. If you’d like to learn about the annual sponsorship opportunities, please reach out to me directly. I’d love to tell you more!