Columbus REALTORS® e-notes April 24, 2014

Home sales highest since 2006 despite limited inventory
Central Ohio saw a healthy increase in contracts and closings last month despite the lagging number of homes for sale in central Ohio. Read the full report here.

2015 Awards Lunch Honorees
Columbus REALTORS® held its annual Awards Celebration yesterday, where six central Ohio members were honored for their outstanding commitment to the real estate profession and to the central Ohio community. Read more. Check out the pictures on Facebook here!

Distressed inventory lowest on record
About one in ten of the homes for sale in central Ohio during the first quarter were lender-mediated properties – the lowest on record since Columbus REALTORS® began recording this data in 2010. Roughly one in five of the homes sold during the first quarter were distressed compared to one half of all the closings back in early 2011. Read more.

Last chance for YPN Speed Networking tickets!
The 4th annual YPN Speed Networking event is quickly approaching - have you gotten your tickets yet?! This year's event will be at the VUE on April 28 from 5:30-8p. Tickets are $10 for REALTORS®, $20 for affiliates and include light h'ors doerves. Hurry and get your tickets before they sell out!

Major changes to the closing process coming 8/1
The days of filling out the HUD-1 settlement form and getting a Good Faith Estimate (GFE) from the lender are dwindling. Mark your calendars for August 1, 2015 - these two forms are going away. More info.

NAR Study: Return Buyers
Nearly a decade since the start of the foreclosure crisis, formerly distressed homeowners with restored credit are re-entering the housing market, but damaged credit profiles and lender overlays will greatly restrict the overall share of those eligible to buy, according to new research from NAR. Read more.

Listings that reveal energy costs sell for more
Listings that disclose energy costs have a higher close rate and spend less time on the market than comparable homes, a new study finds. Read more.

News for your clients!
Quick kitchen counter top fixes
Did you know repairing your kitchen countertop can help maintain the value of your kitchen and home? Whether it's a wine stain, scuff or dent from pots and pans - these can easily be fixed! Find out how to make your kitchen sparkle here.