MLS page for northern Ohio MLS for real estate brokers, agents, and appraisers in Northern, Eastern Ohio, and Parkersburg, West Virginia. NORMLS serves over 7,500 members in 36 Counties in Ohio and West Virginia.
REAL Trends Newsletter
Are you maximizing the valuable tools available to you through NORMLS? ListHub is the nation’s largest and most trusted network for automatic distribution of your MLS listings to over 80 consumer search websites like Homes.com, HomeFinder.com, LandWatch, and dozens more.This service is free of charge and simply requires that the broker-in-charge register for an account online.It only takes a few minutes! You’ll soon be on the road to impressing your sellers with the powerful online exposure offered by your company with no additional work for you –listings are automatically distributed from the MLS system.
Join ListHub for a 30-minute training webinar on Wednesday, 2/28 at 3:30pm EST to help you discover all the free benefits of creating a ListHub account, including: Advertising their listings on more than 80 websites. Tools for selectively choosing where to advertise. Automatic daily listing updates directly from your MLS. The ability to redirect traffic to the brokerage website. Lead management tools. Phone and online technical support
Can’t make the webinar time?Sign up anyway and ListHub will send you a recording!
learnmore.listhubnews.com Can't make it on 2/28? Sign up above anyway and we'll send you the recording!
Learn how to move your map pin if it is mapping incorrectly along with adjusting the Google street view.
nar.realtor The Realtors Property Resource®, a wholly owned subsidiary of the National Association of Realtors®, has suspended its Advanced Multi-List Platform, or AMP, project to reduce costs by several million dollars in 2018 and allow greater focus on its core initiatives.
Helpful tips at tax time.
irs.gov A credit for people who work, have a Social Security number and have an income below specific thresholds. EITC is a refundable tax credit, which means you may get money back even if they have no tax withheld. Requirements vary for those with or without children.
December housing statistics for Northeast Ohio are looking good. Listings pending sale are up 12.3%, average prices up 5%, median price up 3.3% while for sale listings are down 16.5%. This report covered Cuyahoga, Summit, Lake, Medina, Portage, and Lorain Counties. All Realtors in Northeast Ohio need more listings to sell to the many buyers currently looking.
Carl DeMusz, CEO
Northern Ohio Regional MLS
News you can use.
ohiorealtors.org One of the surest ways to lose your license is to mishandle earnest money. Why? Because the violations are easily proven through contract language and bank account records. And moreover, the Ohio Real Estate Commission considers violations of your fiduciary duty to safeguard the money of others to b...
Why Brokers Should Support the BPP
Alon Chaver, Chief Information Officer of HomeServices of America, a Berkshire Hathaway affiliate, answered four questions about the BPP and why brokers should get onboard.
Why should brokers support the BPP?
Chaver: While real estate is fundamentally local, the emergence of national consumer brands in real estate makes it imperative that brokers and agents build a national brand presence. By building a unique brand proposition driven by real estate practitioners, the industry is establishing a direct national relationship with real estate consumers which is designed to complement local broker brands.
As the consumer landscape evolves, brokers and MLSs who govern the BPP together will evolve the BPP experience to effectively connect consumers with local real estate professionals when they are ready to transact.
How does the BPP coexist with existing broker apps and websites?
Chaver: Competing successfully in the real estate industry today requires a highly synergistic relationship between national and local brands. This is being done successfully by car brands, who compete with each other nationally to build consumer loyalty and then direct those consumers to local dealerships who can serve these consumers in their local communities. The national brand and the local brands have a complementary message that is reinforced at both levels, especially when local brokers take advantage of the broker branding options available throughout Homesnap.
The current relationship between local brokerages and MLSs supporting the BPP allows Homesnap and the BPP to help build consumer loyalty nationally and drive these consumers to local real estate agents who can serve them in their local communities. Thus, the relationship between the BPP and local broker apps and websites is not competitive, but is instead complementary and collaborative, with both parties working toward the same goal.
How will the BPP compete with large portals like Zillow?
Chaver: The mission of the BPP and the goal of its JV with Homesnap is to create a home search experience driven by people who sell homes, not ads, and to provide a clean and simple alternative to consumers who are currently bombarded by ads, listings of various statuses, and a lot of clutter.
The BPP offers what we, the people who sell homes, believe is a far superior home search experience, which creates a more competitive consumer experience on its own merits. We also believe that building trust with agents and empowering them to invite their clients to the BPP experience is a powerful, organic way to build consumer loyalty nationwide.
Where do you see the BPP fitting into the future of the industry?
Chaver: The BPP is an unprecedented example of two types of collaboration in the real estate industry: between MLSs and brokers, and between the real estate industry and a best-in-class technology partner. This is a collaboration at a level that has not previously been accomplished, and its current success will change the future of the industry by demonstrating that different segments of the industry can work together with great success.
The BPP is proving that brokers and MLSs, working together in collaboration with a best-in-class technology partner, Homesnap, can provide an exceptional consumer experience. Driven by people who sell homes, this pristine alternative to the current solutions in the portal landscape is connecting home sellers and buyers with local broker brands and their agents by providing them with accurate and timely information – nothing more, nothing less. Homeownership provides economic opportunity to so many people in this country, and the unique collaboration behind the BPP will allow the real estate industry to continue to serve as a force for economic value creation.
NORMLS office will be closing at 12:00 noon today 1/12/2018 due to inclement weather conditions. Please drive carefully.
2017 housing market in Ohio closes on an upscale for sure.
ohiorealtors.org The rate of homes sold across Ohio in November reached a best-ever level, posting a 6.9 percent increase from the prior record-setting level reached during the month a year ago, according to Ohio REALTORS.
Ohio housing market is booming!
ohiorealtors.org Ohio REALTORS reports the number of single-family homes and condominiums put under agreement in November 2017 reached a best-ever level for the month, increasing 1.8 percent from the level posted during the month a year ago.
Home Inspections are quite popular in Ohio.
ohiorealtors.org Findings from Ohio REALTORS November housing market confidence survey showed that “home inspection” was the contract settlement contingency that respondents encountered most often over the past year. Other contingencies encountered by more than half of respondents are “appraisal” and “obta...
NORMLS members are in need of more listing of houses. There is quite a bit of pent up demand for starter and move up homes in Northeast Ohio. One look at the housing and economic numbers for October 2017 and you will see why.
Northeast Ohio October 2017
Average sale price $160,000 up 5.4% over October 2016
Number of pending sales up 33.3% over October 2016
Inventory of listings for sale down 13.9% from October 2016
Average days on market down 17% from October 2016
On the national level the economic numbers look equally good with Consumer Confidence at a 17 year high (Advisor Perspectives) and the Dow Jones Industrials up at around 24,400.
CALL FOR ACTION ... ACT NOW
NAR is OPPOSED to the tax reform legislation unveiled in the House last week. This bill is a direct threat to consumers, to homeowners and to our businesses. Not only will millions of homeowners not benefit from the proposal, many will get a tax increase. Additionally, homeowners could lose substantial equity from the more than 10% drop in home values likely to result if the bill is enacted.
What the legislation would do:
• Caps the mortgage interest deduction at $500K for new mortgages
-- Cap applies to new mortgage debt (but not refinancing) incurred after Nov. 2, 2017.
-- Limit is not indexed to inflation causing its value to even further diminish over time.
• Increases the standard deduction
-- Puts homeownership tax incentives beyond the reach of more than 90% of American families.
• Limits the exemption on Capital Gains Tax from the sale of a primary residence
realtorparty.realtoractioncenter.com take action on NAR's call for action on
With the Gross Domestic Product (GDP) up to 3.0, Dow Jones at 23,400+, and the unemployment rate at 4.4 percent the economy is looking good. The Northeast Ohio housing market for September 2017 is reflecting that with average sale prices up 5.4%, average pending sale rate up 13.2%, and days on market (DOM) down 19.5% from September a year ago. It is great to be a homeowner in Northeast Ohio.
It is with a heavy heart that I notify friends of NORMLS of the passing of long time employee and friend Don West. Don passed away today and We will provide details as they become available.
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