Welcome to the MOM Board
Proposals Abound to Revamp Michigan's Infrastructure
During his State of the State Address, Governor Snyder unveiled his, "Better
Roads Drive Better Jobs" initiative. This plan covers all sectors of
transportation including funding for Michigan's crumbling roads. This
plan comes with a hefty $1.2 billion price tag.
As the legislature continues to look at ways to fund this proposal, many ideas have been presented. Recently, a sales tax on services has been thrown into the mix of the multitude of funding mechanisms being discussed.
As you communicate with other REALTORS®, it is important to remember four key points on how a tax on services would be detrimental to our industry:
- A tax on services was tried before in 2007; however, the significant public outcry led to its rapid repeal within three months after it was implemented.
- A sales tax is already paid in a real estate transaction - the transfer tax.
- If all of the services related to a real estate transaction were taxed, it would dramatically increase the cost of residential and commercial real estate and create a significant drop in real estate values.
- Housing is a basic need, just like food and medicine, and should not be subject to a sales tax.
We have been in close contact with the Snyder Administration, legislative leadership on both sides of the aisle, and the business community to express our concern about the effects of a tax on services for our industry. At this time, a service tax remains only one of many options on the table.
MSHDA Launches MI
The MI Neighborhood Program works with neighborhood, local, and statewide organizations to identify and address neighborhood needs based on the premise of the Main Street Four-Point Approach®. The program connects existing and emerging opportunities to leverage resources in support of neighborhood revitalization.
Applications for the MI Neighborhood Program are due on March 22. For more information, click here.
Questions? Contact Lori LaPerriere at MSHDA.
View MiPlace Web site
New Year Brings
Nearly 10% Jump in Home Sales and Average Sales Price
According to the MLS reports compiled by the Michigan Association of REALTORS®, January total sales volume increased, while the average selling price of single-family homes in Michigan rose compared to the same time last year. According to the report, 8,433 single family homes were sold in Michigan in January 2013, an increase of 8.90% over January 2012. The January 2013 average sales price was $105,059, a 9.06% increase over January 2012. Seventy-three percent of reporting units showed an increase in total sales with eleven locals reporting an increase in average selling price of at/near 20%+.
$105,059 - 2013 average sales price, January
8,433 - 2013 single family units sold, January
$886 million - 2013 total sales volume, January
Monthly housing statistics for MAR are reported by participating Michigan REALTOR® local boards and associations.
Click here for 2013 January Housing Statistics
Production Company Casting for New Home Series on Popular National TV Network
Calling all real estate agents and their clients! A well-established television production company is now casting for dynamic, out-going and engaging real estate agents and their clients looking to move from urban to rural environments. The concept of the project is to introduce audiences to a homebuyer, looking to leave the concrete jungle and head to a more sprawling, adventurous and peaceful landscape.
The goal of this project is to witness the emotional and physical transformation of those once glued to city life, escape to the big wide open spaces of rural America to find both a new home and a new way of life.
View Information & Criteria
How NAR Represents Consumers' Interests
|From educating consumers about the housing market to supporting private property rights, NAR enables more Americans to achieve and protect the dream of homeownership.
Why Use a REALTOR®
|Smart home sellers realize they need the expertise of a REALTOR® in the sales process. And only REALTORS®, who are members of the National Association of REALTORS®, follow a time-tested Code of Ethics, where other real estate licensees may not.|
Help Buying or Selling a Home
|Want to educate yourself on the finer points of buying or selling a home? NAR and your local REALTOR® can help.
Feature: Preparing for Homeownership
|Play NAR's Member-Supported Television and Radio Ads|
|The ads highlight the importance of choosing a REALTOR® when buying or selling a home, cover the honesty and integrity REALTORS® bring to the process, and illustrate why it's better to use a REALTOR® than try to sell yourself.|
Guide to Buying vs. Renting
|The guide contains statistics and studies on home owners and renters as well as financing options and tips.|
|NAR Defends the Mortgage Interest Deduction|
|NAR stands in opposition to the President's Advisory Panel on Federal Tax Reform, which may recommend converting this century-long deduction into a tax credit. Reducing the tax benefits of homeownership could endanger property values.|