Friday, June 16, 2023 | Community First Bank

• Welcome new REALTOR® Nayeli Martinez with MPR Realty, LLC
• Welcome new REALTOR® office Martino Realty with locations in Kokomo & Monticello, managed by Joe Martino under DR Paul Wyman
• Kim Hollies has moved to F.C. Tucker Realty Center; Kerri Cosat, Kylie Baker, & Nicole McDorman have moved to Martino Realty - Kokomo
• Affiliate office LeaderOne is now The 2 Mortgage Guys

raci.org | resource center member login | paragon mls login

Hello RACI,

HIGHLIGHTS

• June's free and discounted products - Right Tools, Right Now!
• Social Selling Made Simple with Marki Podcast: AI Makes Our Jobs Easier, But We Still Need to Do This

Real Estate Topics

June is National Homeownership Month

REALTORS® strive to ensure all Americans have the opportunity to achieve homeownership, the centerpiece of the American Dream and the pathway to economic well-being and intergenerational wealth-building.

Study: Middle-Income Buyers Suffer Most in Housing Shortage

Lack of Affordable Homes for Middle-Income Buyers

June 8, 2023

Key Highlights

• The U.S. housing market is missing about 320,000 home listings valued up to $256,000, the affordable price range for middle-income buyers (households earning up to $75,000).
• Middle-income buyers can afford to buy less than a quarter (23%) of listings in the current market. Five years ago, this income group could afford to buy half of all available homes.

"Even with the current level of listings, the housing affordability and shortage issues wouldn't be so severe if there were enough homes for all price ranges," Evangelou added. "Our country needs to add at least two affordable homes for middle-income buyers for every home listed for upper-income buyers."

READ FULL REPORT HERE

Consumer Insights & Trends from National Association of REALTORS® & realtor.com

2023 Housing Affordability & Supply Report

Indiana Housing & Community Development Authority (IHCDA) Works with Lenders & REALTORS® 

IHCDA works with lenders and REALTORS® across the state.

IHCDA offers a number of homebuyer programs that might make the difference in your client’s ability to afford a new home. We offer fixed interest loans at affordable rates with up to 6% in down payment and closing cost assistance. Our programs are ideal for borrowers who need extra flexibility or who have limited funds for the down payment and/or closing costs, yet have the financial means to maintain monthly mortgage payments.

"Even with the current level of listings, the housing affordability and shortage issues wouldn't be so severe if there were enough homes for all price ranges," Evangelou added. "Our country needs to add at least two affordable homes for middle-income buyers for every home listed for upper-income buyers."

'23 IHCDA Homebuyer Assistance Programs

'23 IAR Indiana Housing Market Report

Social Selling Made Simple with Marki Podcast

AI Makes Our Jobs Easier, But We Still Need to Do This with Katie Lance

Podcast: June 13

There is no doubt that AI and technology is changing the real estate game. We are immersed in a world of developments that make our jobs easier, but we still need to pay close attention to the content AI produces.



Why should we proofread the content we get from AI? How can we make it more personal and relatable? What are some of the opportunities that AI presents to us?

Katie Lance, CEO and Owner of Katie Lance Consulting joins me in this episode to talk about all things AI including her preferred tools for her business, the efficiency of AI as well as a whole plethora of information regarding the way we use AI.

The Social Selling Made Simple with Marki podcast is the place for REALTORS® to learn how to use social media and tech, so you can sell more homes and help more people.

Discounted Deals in June to Celebrate National Homeownership Month

June’s special offers from Right Tools, Right Now include freebies and discounted deals—perfect for National Homeownership Month.

Members can pair the “It’s a Great Time to Own!” brochure (25% off), which touts the benefits of ownership and the value of real estate investment, with realtor.com®’s free “First-Time Homebuyer 101 eBook” brochure, which provides insights on the buying process.

Upcoming Events Calendar

Register today or save the date for these upcoming events:

Kokomo Municipal Stadium

Friday, July 21

REALTOR® Night at the Jackrabbits 

Affiliate & REALTOR® member Family event

Wabash TBD

Thursday, September 14:

RACI RPAC Auction 

FREE Affiliate & REALTOR® only event: lots of bidding excitement, drinks + complimentary meal!

Kokomo - Indiana Pit

Saturday, August 5:

REALTOR® Safety - Self-Defense Class

Affiliate & REALTOR® member event

Kokomo Country Club

Wednesday, September 20

RACI RPAC Auction 

FREE Affiliate & REALTOR® only event: lots of bidding excitement, drinks + complimentary meal!

IVY Tech Kokomo - Hingst Hall

Oct 11: RACI Annual Meeting + Workshop 

Affiliate & REALTOR® only event with Valerie Garcia [lunch, REALTOR® branded gift, and bonus workshop available]

Interested in supporting RACI members? Let us know: click here!

2023 Affiliate Portfolio & Sponsor Opportunities out Now!

RACI offers customized event sponsorships that help you meet your business goals.

Login here or create your Member account login here

MONTHLY MLS TECHNOLOGY FEE DUE JUNE 25

A 15% late payment fee is applied to payments made after the 25th of the month due date.

REALTORS® Association of Central Indiana Partners - investing in RACI Members!

Click here to learn more or connect with this RACI Affiliate member!

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