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Historic Legislation Introduced to Confront the Housing Crisis Head On!

Senator Elizabeth Warren introduces the American Housing and Economic Mobility Act which will produce more than 3 million new housing units, reduce rents for working families by 10%, and create 1.5 million new jobs with no deficit Impact; the bill would also promote home ownership and reverse decades of discriminatory housing policy. This new legislation would have no impact on the federal deficit! Instead it would be funded by an estate tax on the 10,000 wealthiest American families. This group represents only .0001% of the US population, Bronar's Economics estimates the top .0001% have an individual net worth in the billions and Forbes rates the wealthiest of the group at 89 billion with the least wealthy mark of 2 billion.

Learn from those who thrived in the industry for over 40 years!

This week: Pat Logan Realty South-Crestline
The Time is Now to Apply for a BAR Committee. As a reminder, committee members must reapply each year and all members are encouraged to leverage their association through service. Click Here To Apply For A 2019 Committee.
Lower Priced Markets Will Be Supported by Job Growth & Higher Wages

Chief NAR Economist, Lawrence Yun comments on the Quarter#3 jobs report by the Bureau of Labor Statistics, are overall positive. “Job growth in September was positive yet slower compared to recent months, while the unemployment rate is low at 3.7% and wages are slowly pushing up. However, more jobs and higher wages are not the only key factors for home buying. The tightening labor market, along with some pick up in wages and prices, have forced the Federal Reserve to raise interest rates. Another rate hike after this year’s election is expected and higher mortgage rates in turn will hold back home sales in high-priced markets. Lower-priced markets will be supported by job growth,” said NAR Chief Economist Lawrence Yun. 
64 Homes In New Gardendale Subdivision, Tower Homes, Set to Open

A new 64-home subdivision is preparing to open in Gardendale. Tower Homes is opening Woolridge off Fieldstown Road in the growing suburb north of Birmingham. The development is across from the Longwood subdivision.
It’s one of several new residential developments in the works in metro Birmingham, and Gardendale has been a region targeted by homebuilders – posting  a 31 percent increase in housing starts between 2016 and 2017.

Monday Rewind

Last week, REALTORS and affiliate members, enjoyed another gorgeous Birmingham day at the annual BAR Golf Outing, October 2, at the Pinetree County Club. This year, we had 22 teams consisting of 88 players. The first place prize and Philip Hayley Memorial Trophy was awarded to the D. R. Horton team.
Zillow Hit With Copyright Infringement- Unjust Enrichment Law Suit

Last week, an Ohio-based company, London Computer Systems, has filed a lawsuit against Zillow alleging its use of the term “Rental Manager” has resulted in trademark infringement, unfair competition and unjust enrichment, among other claims.

October is Strategic Planning Month at BAR. Your Input is Valued and Wanted.

To have your thoughts brought into the strategic planning process click here....
Housing Deadline for Boston is October 12.

If you are attending the NAR Conference Click Here to reserve your hotel.
This Week's Happenings

Friday October 12th at Railroad Park from 5:30-10pm, the BAR will be hosting two movies- a 20 minute indy film about fair housing in Birmingham followed by the Disney movie, "A Wrinkle in Time". Food Trucks, Moonwalk and Family Fun! The entire community is invited, just bring a blanket, BAR sponsors are providing popcorn and Coca-Cola. No registration required.

Broker Breakfast Nov 9
8:00-11:00am- Register...
October 10-12, 2018
New member orientation
Session starts at 8:30am
Did you know that REALTOR University is now accredited in Alabama. Learn More at
Special Thanks to Our
Executive Affiliate Partner

Thanks for your support!
Kim Mangham-Barelare
2018 BAR President


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