Across the Association Jan/Feb 2023

OPPORTUNITY AWAITS AT THE 2023 NYSAR MID-WINTER BUSINESS MEETINGS! Join us at the The Crowne Plaza, Desmond Hotel, in Latham, New York and experience personal and professional growth through participation.

HIGHLIGHTED EVENTS Monday, February 6 2:30 P.M. – 4 P.M.

+LEGAL UPDATE (CE) Fort Orange Ballroom 7 P.M. – 10 P.M.

+INAUGURAL DINNER King Street Ballroom

Tuesday, February 7 7 A.M. – 5 P.M.

+RPAC LOUNGE

Fort Orange Courtyard 2 P.M. – 3:30 P.M.

GENERAL SESSION King Street Ballroom

+Separate registration and/or payment required.

Register at www.nysar.com/about-nysar/ meetings-and-governance

OPPORTUNITY AWAITS Mid-Winter Business Meetings

OPPORTUNITY AWAITS Mid-Winter Business Meetings

HIGHEST QUALITY REPORTS DELIVERED IN THE CLEAREST POSSIBLE WAY

INSPECTIONS STARTING AT $299 Complimentary initial mold assessment with every home inspection ADDITIONAL SERVICES • Radon Testing • Termite Inspections • Well and Water Testing • Mold Assessments • Sewer Camera Inspections

www.careyhomeinspection.com | 518.956.1078 | don@careyhomeinspection.com

Across the Association

JAN/FEB 2023

5

MARKET SNAPSHOT

$ 2 7 4 , 0 0 0 7.5%

December 2022 5.4%

NEW LISTINGS

613

MEDIAN SALES PRICE

PENDING S A L E S 23.4%

653

MORTGAGE UPDATE

6.15% Average rate for 30-year mortgage as of Jan 19 (5.28% for 15-year).

-Freddie Mac

Across the Association

28.1%

932

5.9%

DAYS ON MARKET

MONTH'S INVENTORY

18.9%

1.8

CLOSED SALES

30

GO TO GCAR.COM/MARKET-STATS FOR MORE INFO

JAN/FEB 2023

7

Across the Association

JAN/FEB 2023

9

Your Local Lender 8 Conventional & Portfolio Loans 8 First Time Home Buyer Programs 8 No PMI Loans 8 End Loan New Construction 8 Investment Property Loans 8 Second Home; Year Round and Seasonal

Main Office: 201 Mohawk Ave, Scotia Niskayuna | Colonie | Guilderland | Glenville Schenectady | Saratoga | Rotterdam | Clifton Park

www.firstscotia.com | 518.370.7200 FIRS-1001-RealtorMortAd-8_5x3_5-F.indd 1

Across the Association

4/27/20 5:31 PM

JAN/FEB 2023

11

NAR NEWS

AL PICCHI Vice President

JEFF KNOX Director

MARIE BETTINI Secretary-Treasurer

www.realtorparty.com/brokers

JOIN NAR’S BROKER INVOLVEMENT PROGRAM For State and Federal Calls for Action The Broker Involvement Program provides Broker-Owners/Managers a quick and effective tool to enlist agents in bringing REALTOR® Party Issues to the attention of state legislatures and Congress.

Automatically send agents the Broker Call for Action If you have 100 or less agents, the Broker agrees to allow NAR to automatically send all Broker CFAs with the Broker’s name and company logo to their agents.

For Broker-Owners with 100 or more agents you may choose Auto–participation or review and approve.

NAR will alert the Broker by email when there is a Broker CFA. The Broker’s email message and the CFA will be available for review on the Broker Portal, where the Broker can approve or reject sending the Broker message and CFA with their name and logo.

The REALTOR® Party is a powerful alliance of REALTORS® and REALTOR® Associations working to protect and promote homeownership and property investment.

JOIN TODAY www.realtorparty.realtor/brokers

6 Benefits

1. Market

Statistics and Trends

Keeping your clients in the know and your business relevant! You’ll find the latest market statistics at www.gcar.com/market-stats

to Being a GCAR Member FREE EDUCATION

NETWORKING OPPORTUNITIES

As a member, you enjoy FREE classes!

Activities, events, and programs bring together members connected to the industry.

2.

3.

AFFILIATE PROGRAM

ADVOCACY & ACTION

Our Affiliate Members underwrite GCAR event keeping costs to members reasonable and sometimes free.

RPAC fights for real estate interests and the rights of property owners.

4.

$

5.

DISPUTE RESOLUTION & ETHICS You and your clients may file ethics complaints, mediation, and/or arbitration requests without having to go to court.

6.

The Greater Capital Association of REALTORS® strives to provide its members with programs and services which enhance the members’ ability to successfully conduct their business in a competent and ethical manner, and to promote the public’s right to use and transfer real property.

20 Across the Association

JAN/FEB 2023

TrustcoBank.com

Mortgage offerings that put your dream home in reach.

Financing up to 97% LTV!**

No points

Low closing costs

No appraisal fees

No borrower paid PMI*

Friendly, local service

Visit TrustcoBank.com or call 518-377-3311 for more information. *PMI - Private Mortgage Insurance. Lender paid Private Mortgage Insurance on loans over 89.5% Loan-to-value. **LTV - Loan-to-Value. Please note: We reserve the right to alter or withdraw these products or certain features thereof without prior notification. Trustco Bank NMLS ID 474376.

EQUAL HOUSING

LENDER