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Moving up

This week’s economic news was a repeat of the positive trends I’ve highlighted lately, so rather than repetitive reporting, I wanted to share a few insights.

I recently presented at the National Association of REALTORS® conference on the topic of millennials and home buying. Here’s my key takeaway:

I’m bullish about the housing market—in part, because I’m bullish about millennials.

Homeownership serves as a stepping stone to wealth

A recent editorial in the New York Times focused on homeownership and wealth creation, drawing on research from the Joint Center for Housing Studies at Harvard University and concluding that “as a means to building wealth, there is no practical substitute for homeownership.”

But just why is homeownership so important to building wealth? Here’s what the researchers at Harvard found in their 2013 research, and what it means for you today.

Unlicensed Assistants

Legal Hotline: Meth Lab Disclosures

Blake explains Realtors' duties when it comes to meth lab disclosures.

Terrie Suit takes the ALS Ice Bucket Challenge™

Terrie Suit CEO of the Virginia Association of REALTORS answered the challenge from Board Member Michael Guthrie for the #IceBucketChallenge to raise ALS awareness. She had a little help from staff who were HAPPY to “help”.  Terrie also threw out the challenge to VAR’s leadership: Brad, Deborah, Bill White, Pat, and Mary as well as incoming Vice President Claire.

Donate at least $5 to the ALS Association and help find a cure! Click here for more information:

Joseph Croce receives RCE Designation

Congratulations to Joseph Croce! The CEO of the Southside Virginia Association of REALTORS® was recently honored by the National Association of REALTORS® (NAR) with the REALTORS® Association Certified Executive (RCE) designation, which recognizes exceptional efforts made by REALTOR® association executives. Croce is one of more than 425 REALTOR® local association executives who have achieved this mark of excellence. VAR’s president Deborah A Baisden presented Joe with his RCE plaque.

First-time Homebuyer Savings Plans

New FICO score model could help homebuyers

As a Realtor helping clients find their next home, you know how important a FICO score can be. Most home loans are predicated on the FICO score of the buyer and the difference between a good score and one that’s not so good can result in a higher interest rate or no loan at all.

That’s why the news from Fair Isaac Corporation (FICO) on August 7, 2014 was good for both homebuyers and Realtors. See the complete story here:

Real Show 2014: How do you spell success?

The 2014 Real Show — the official statewide convention and expo for Virginia Realtors — is now open for registration.

This year’s show is already shaping up to be phenomenal.

For starters, you asked and we listened: The Real Show is being held during the week, so you don’t miss any of that critical weekend client time.

We’ve streamlined our classes. Now there are three tracks: broker, risk management (“Risky Business”), and marketing (“Market Matters”). That means getting the business knowledge you want is easier than ever.

The Virginia Real Estate Awards are here

Virginia Real Estate Awards

Do you know someone who deserves some recognition? Someone who’s gone above and beyond the call?

Now’s the time to help those people shine. It’s time to nominate someone (or several someones) for the 2014 Virginia Real Estate Awards.

These recognize outstanding leadership, accomplishments, and professionalism in our industry — recipients will be recognized in a ceremony during the 2014 Real Show (and throughout the year after that).

Help us recognize the best in the business by nominating your colleagues (or even yourself).

You have until August 1, 2014 at 11:59 PM to submit any nominations. They’re being accepted for…