Elk-Cameron Awarded for RPAC Goal
For their work in fundraising for RPAC in 2015, the Elk-Cameron Boardreceived an award for having more than 50 percent member participation during the RPAC Awards luncheon at PAR's Winter Business Meetings. In 2015, their board had 100 percent participation in RPAC, with all 29 of their members coming together to raise $465, or 106 percent of their assigned goal. Pictured accepting the award is President-Elect Vanessa Pichler and President Catherine Bauer.
Message for agents about "Calls For Action"
When Congress is considering legislation that affects the real estate industry, NAR calls on its members to act through Calls for Action. Simply by contacting your Member of Congress, you can ensure that our industry remains strong. Sign up for email alerts at www.realtoractioncenter.com. You can even download the Realtor Action Center mobile app and respond to alerts directly from your smart phone! Simply search for "NAR Action Center" on the iTunes Store or Droid Market. It's easy to make our many voices heard as one powerful voice on important real estate issues.
The Home Buyer's seminar was...
... a success! The buyers present were very pleased and the Realtors as well as other sponsors expressed thanks for all the varied information to help in the buying process.
We will keep you posted here concerning our next event, so please check back from time to time.
And by the way, we will send out email notifications of our events in the future. If you would like receive such a notification, you can enter your name and email address below; we'll be happy to keep you informed.
Housing market shows healthy activity with sales up.
ARTICLE BY Ron Croushore, PAR President
The Pennsylvania housing market saw a nearly 11 percent jump in closed sales in the first quarter of 2015 compared to the same quarter in 2014, according to a report published by the Pennsylvania Association of Realtors® (PAR).
Closed sales numbered 28,111 compared to 25,400 a year ago. New listings increased by nearly 6 percent to 60,204 compared to the first quarter of 2014.
“We’re seeing healthy activity in markets throughout the Commonwealth,” said Ron Croushore, president of PAR. “While each local real estate market is unique, I think most markets are looking positive and will see a healthy increase in 2015. Consumers are showing more interest in buying homes and sellers are often receiving multiple offers on listings.”
The median sales price rose slightly to $158,000 in the first quarter, compared to $155,000 the same time last year. Days on market remained steady at 95 days.
“With continued low interest rates and an awareness that rates might change, we’ve seen an increase in consumer confidence,” Croushore said. “Rental prices continue to climb and consumers are seeing many financial benefits to purchasing a home.”
Croushore said the recent change by the Federal Housing Administration (FHA) which lowered the mortgage insurance premium, is saving homebuyers in Pennsylvania a minimum of hundreds of dollars a year in their mortgage payments. “Initiatives like this encourage first-time buyers to enter the market,” he added.