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In This Week’s “The EDGE”

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Presentation on theme: "In This Week’s “The EDGE”"— Presentation transcript:

1 In This Week’s “The EDGE”
The EDGE Information and news that gives you an edge in the real estate business In This Week’s “The EDGE” • Have YOU Posted Temporary Housing? • Hurricane Harvey Hammers Houston Housing • Houston Market Movements • HAR Honors Real Estate’s Rising Stars • Time to Get Engaged • It’s The Lease You Can Do “The Edge” is a weekly tool for managers to use to inform their agents and stay current and up-to-date with important real estate industry issues. Brought to you by the HAR Communications Department.

2 Have YOU Posted Temporary Housing?
The EDGE Information and news that gives you an edge in the real estate business Have YOU Posted Temporary Housing? HAR launched the Harvey Temporary Housing section on HAR.com last week. It has already been reported on Local 2, ABC13, in the Houston Chronicle, Houston Business Journal and many national media outlets. The available homes have started to be posted, but there is obviously a great need. If you represent (or own) a property that could be available for 12 weeks or less to help someone displaced by Hurricane Harvey, please post HERE today.

3 Hurricane Harvey Hammers Houston Housing
The EDGE Information and news that gives you an edge in the real estate business Hurricane Harvey Hammers Houston Housing HAR will release August 2017 MLS statistics this Wednesday, and here is an advance peek at highlights of the monthly report: Houston real estate suffered a significant setback as Hurricane Harvey slammed into the Texas Gulf coast and lingered as a tropical storm during the final week of August. Home sales fell 25.4 percent for the month with a total of 5,917 single-family units sold versus 7,927 a year earlier. The single-family home median price increased 3.0 percent to $231,700 while the average price rose 2.6 percent to $296,418. Months of inventory grew to a 4.4-months supply compared to a 4.0-months supply in August 2016, however we expect that figure to drop in the weeks ahead as a result of the devastating storm. Single-family home rentals jumped 9.4 percent year-over-year while townhome/condo rentals shot up 17.0 percent. For more detailed information, please visit the HAR Online Newsroom for this and all other HAR news releases.

4 Houston Market Movements
The EDGE Information and news that gives you an edge in the real estate business Houston Market Movements National real estate market trends have remained steady for the last couple of years, allowing the residential segment to flourish in terms of sales activity and buyer demand. Even when total sales are not measuring forward in year-over-year comparisons, it is evident that the market is responding positively to wider economic indicators. Higher prices, fewer days on market and lower months of supply are all usual indicators of healthy activity. As expected, we are beginning to see declines in new listings and sales as a result of Hurricane Harvey. In the Houston region, for the week ending September 3: • New Listings decreased 63.5% to 932 • Pending Sales decreased 53.1% to 712 • Closed Sales decreased 81.6% to 413

5 HAR Honors Real Estate’s Rising Stars
The EDGE Information and news that gives you an edge in the real estate business HAR Honors Real Estate’s Rising Stars Don’t miss out! On Thursday, October 5, HAR salutes the Rising Stars in Real Estate. For more information and registration, please visit

6 The EDGE Information and news that gives you an edge in the real estate business
Time to Get Engaged One of the most important real estate events of the year is fast approaching! Have YOU registered to attend HAR Engage? Houston’s premiere real estate and technology conference, HAR Engage takes place on Thursday, October 19 at the Norris Conference Center at CityCentre on Houston’s fashionable west side. Whether you’re an industry leader or striving to become one, HAR Engage is for everyone who wants to know where the real estate industry is headed and how to take on the challenges and changes facing our industry. For more information, including a complete list of speakers and topics, and to register, please go to

7 It’s the Lease You Can Do Texas Residential Leasing Specialist (TRLS)
The EDGE Information and news that gives you an edge in the real estate business It’s the Lease You Can Do Texas Residential Leasing Specialist (TRLS) Day One covers: The Essentials of Residential Leasing (#30980), which provides the licensee with the core competencies they need in their role and responsibilities when functioning as a property manager or leasing agent; Agency Issues Impacting Property Managers and Leasing Agents (#30979), where REALTORS® will learn how agency is established and to distinguish between the various kinds of agency relationships. Day Two covers: Marketing and Leasing Residential Properties (#30981), which provides the licensee with the core competencies they need in their role and responsibilities when functioning as a property manager or leasing agent; The TAR Residential Lease Agreement (#30982), which is designed to keep the real estate licensee compliant and properly executing the basic fundamentals of leasing representation, property management and their role in that process.  Dates: Tuesday & Wednesday, September 19th & 20th Location: HAR Central Time: 9 a.m. to 4 p.m. Investment: $149 Register at Questions? Call ext. 6


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