1. The EDGE Information and news that gives you an edge in the real estate business In This Week’s “The EDGE” A FRESH Look at Houston Housing The Houston Economy and Oil Houston Market Movements Changes Are A-Comin’ “The Edge” is a weekly tool for managers to use to inform their agents and stay current and up-to-date about important real estate industry issues. Brought to you by the HAR Communications Department.

2. The EDGE Information and news that gives you an edge in the real estate business A FRESH Look at Houston Housing Here is HAR’s First Real Estate Snapshot of Houston (FRESH) report on the latest trends in the Houston housing market as of April 30, 2015. The complete monthly MLS report for March will be distributed next Wednesday, May 13. As always, HAR will provide you with updated coverage in The EDGE.

3. The EDGE Information and news that gives you an edge in the real estate business The Houston Economy and Oil Is the Houston economy truly diversified enough that hard times in the oil patch will have little impact on other industries? Check out the detailed Inman Select infographic at http://bit.ly/1JMF0p0. If you haven’t activated the free Inman Select subscription that comes with your HAR membership, do so now at http://bit.ly/1G68rPW.http://bit.ly/1JMF0p0 http://bit.ly/1G68rPW

4. The EDGE Information and news that gives you an edge in the real estate business New listings are on the rise, and buyers seem poised to move on the most desirable new properties in a hurry. Tales of one-day and even same-day purchase offers are being shared over coffee, lunch and happy hour, generally bringing the total days on market average down as the joy index climbs. In the Houston region, for the week ending April 26: New Listings increased 3.7% to 2,577 Pending Sales increased 24.2% to 2,266 Closed Sales decreased 15.2% to 1,456 Houston Market Movements

5. The EDGE Information and news that gives you an edge in the real estate business CFPB Member Update and Luncheon When the Consumer Financial Protection Board (CFPB) was formed, it launched a project known as “Know Before You Owe” to improve the mortgage customer experience by standardizing the information borrowers receive about a mortgage and empowering them to make better decisions. The project resulted in a significant revamping of the documents and new requirements to get them to consumers in advance of key milestones. While several changes dictated by the CFPB went into effect in January, the biggest will be mandated in August 2015. Because of the impact of these changes, all parties involved in the real estate transaction should have a plan and start adopting appropriate tools now to ensure a smooth transition. This program will provide you with an overview of the new regulations and how they will affect the real estate transaction. An afternoon workshop to review the new HUD-1 will follow the luncheon. The program is free to all HAR members, but registration is required. No-shows will be assessed a $25 no-show fee. Walk-ins cannot be accommodated. Date: Wednesday, June 10 Time: 11 a.m. to 2:30 p.m. Location: Houston Country Club (1 Potomac Dr., Houston, 77057) Investment: Free Register at www.har.com/eduQuestions? Call 713.629.1900 ext. 6www.har.com/edu Changes Are A-Comin’