President's Corner
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News in the WC
TREPAC Competition

Monday, May 9th - Friday May 20, 2016

Team up with your office and become the TREPAC Leaders! This year's TREPAC Contest will put you against offices within your size (Large, Medium, Small). There are two ways to win! The first is to raise more money than the other offices in your size bracket! The second, is to get more participation (people investing at least a $1 to TREPAC) than the other offices within your size bracket! There will be six winning offices across Williamson County! It's easy to make your investment, you can click here, log in and "Contribute Additional to TREPAC"; you can call the Association at 512.255.6211 or you can stop by with a check or credit card to make your TREPAC Investment! 

Industry News
What Has Home Sellers Spooked?

Inventory continues to be tight in many markets. So what has potential home sellers pulling back when buyer demand is reportedly so high? A recent article at CNBC suggests seller anxiety may be at the root.

“Trade-up buyers seem to be losing their mojo heading into the heart of the spring selling season,” Redfin Chief Economist Nela Richardson told CNBC. “Repeat buyers tend to list early because they are most often also looking for another home to buy in the near future. A slowdown in new listings reflects a lack of confidence on the part of the home owner that they can find a desirable home to purchase.”

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HOA Fees Now May Affect Credit Scores

A major credit reporting agency says it will soon take into account homeowner association fees. Home owners who are late on payments may soon see the effect on their credit score.

Sperlonga, a credit data aggregator, is the first company to provide HOA payment and account status data to Equifax, which is one of the three major credit-reporting agencies. A full rollout of the new HOA reporting to Equifax will go live in October.

Homeowner associations and property management companies collect about $70 billion in HOA payments yearly among at least 333,000 community associations, according to the Community Association Institute.

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‘Modern Family’ Lifts the REALTOR® Brand

In an episode of ABC’s “Modern Family” this week, viewers were schooled on the difference between a REALTOR® and a real estate agent.

In the episode, which aired Wednesday, Phil Dunphy, the show’s resident real estate practitioner played by actor Ty Burrell, clarifies his status as a REALTOR® and offers Gloria a lesson about what sets REALTORS® apart from other real estate agents. At the end of the show, Dunphy is seen straightening an “R” pin on his jacket.

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The Voice for Real Estate

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