Volume 48 - Dec 2, 2019
Fannie Mae and Freddie Mac loan limits increase

Fannie Mae and Freddie Mac loan limits increase for the fourth consecutive year, to more than $510,000 in the local market. The Housing and Economic Recovery Act of 2008 mandates that baseline loan limits for Fannie Mae and Freddie Mac conforming loans reflect increases in average home price levels. Between Q3 2018 and Q3 2019, that increase was an average of 5.38%, which increases the baseline loan limit from $484,350 to $510,400, with a ceiling of 150% in areas with higher local median home values. Below is an excerpt from the Federal Housing Finance Agency’s (FHFA) county by county report of 2020 baseline loan limits.
 
Fannie Mae and Freddie Mac Maximum Loan Limits for Mortgages Acquired in Calendar Year 2020 and Originated after 10/1/2011 or before 7/1/2007
To look up the loan limit in your area, click  here . The new limits take effect on Jan 1, 2020.
Upcoming Events
Tuesday, DEC 3
Cape Fear REALTORS® &
American Red Cross Holiday Blood Drive!

This holiday season the American Red Cross has teamed up with CFR to help replenish the needed blood supply. 
Please schedule your appointment to donate blood by registering below. 

  •  Tuesday, December 3, 2019
  • 10:30 am – 3:00 pm
  • Emergency blood need!
Thursday, DEC 5
Holiday Meeting &
Awards Luncheon
Date:  Thursday, December 5th
Time:   11:30 am till 1:30 pm
Place: 3rd Floor Ballroom, Terraces
Where: The Terraces on Sir Tyler, 3rd floor

Join us for a festive afternoon! Enjoy a delicious holiday lunch buffet, awards ceremony, and time with friends and co-workers.
Bylaws Vote on Dec 5 is postponed

Bylaws changes noticed for our December 5th meeting are postponed in order to clarify language in Article XI, sections 1 and 6.
Friday, DEC 6
Working Together to Fight Hunger
Join us to make a difference. Cape Fear REALTORS® and Mother Hubbard’s Cupboard work together this holiday season to help feed Wilmington families in need. December 6, 2019 is FeedILM 2019,  a day that brings REALTOR® members together to help our community in the fight against local hunger and food insecurity.

How to help:

  • Donate Food from Nov 4 - Dec 5
  • Donate Your Time on Dec 6
  • Donate $25 from Nov 4 - Dec 5
Tuesday, DEC 10
2019 Holiday Mix and Jingle

What better way to kick off your Holiday’s than to celebrate with your Affiliate Partners at our “12 Tables of Christmas Mid-day Getaway”! So on the 10 th  day of Christmas join us for lunch with savory eats from Creative Cuisine, and gorgeous live music with Danica Fletcher and CB Johnson. The Terraces Ballroom has been decked with Holiday surprises you won’t forget so Save that Date!

  • Date: December 10, 2019
  • Time:11:30 am to 1:30 pm
  • Place: Terraces on Sir Tyler

News
New Hanover County Schools Redistricting

Years in the making, New Hanover County Board of Education will consider the final elementary and middle school redistricting map at their  Tuesday meeting . The redistricting committee, which has held five meetings and public forums, unanimously decided to recommend Alternative 3d which would move nearly 3,000 students.  Interactive online maps developed by Cropper GIS Consulting can be found on the  redistricting website  (click “Choose Map Layers to View” to view proposed option 3d elementary and middle school maps). If approved, the maps would go into effect Fall of 2020.
 
Holiday Tips for Electrical Safety

The holiday season has arrived and your clients and contacts may be getting ready to decorate their homes for the holidays. If your clients are gearing up to go all out, be prepared to offer some guidance to help them stay safe as they decorate....

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retechnology.com
Top 10 Closing/Housewarming Gifts for Your Buyers

Want to create a gift that is memorable and will bring you repeat business and referrals? You, as the real estate agent, are their first gift, as getting to the closing table can be an arduous process. Then comes something fun, creative, unique...

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retechnology.com
Building  TOMORROW'S STRONG LEADERS
JOIN the 2020 Leadership Academy Class

SKILLS YOU WILL LEARN:

  • Develop and Advance the Strategic Plan - addressing challenges, setting goals, overcoming obstacles.
  • Find and Develop Various Types of Leaders- great skill for hiring.
  • Manager Plan and Facilitate Meetings - working with clients.
  • Communicate in a Clear and Precise Manner ( Clients and Media) - learn to communicate.
  • Lead from your Heart - being genuine and honest with others.
  • Practical Strategies and Processes - learn the inner workings of your association.
  • Become an Advocate – travel to the legislature and learn about public policy and politics
Ready To Volunteer and Get Involved with CFR?

Learn more about how you can increase your sphere of influence by signing up to volunteer on a Committee, Task Force or Network.
Registrations are open

CFR prides itself on providing various ways in which members can "Get Involved" and connected with each other. Below are all of the current committees and networks available for members to participate.
 
  • Finance Committee   
  • Grievance/Professional Standards Committee   
  • Professional Development Committee   
  • Community Affairs Committee   
  • Government Affairs Committee   
  • Affiliate Partner Committee   
  • Wilmington REALTORS® Foundation   
  • Your Professional Network (YPN)   
  • Appraisal Network   
  • Property Management Network   
  • Global Network
CE Class Schedule
Dec 11
 1:00 pm | Tom Daniel
Dec 12
8:00 am  |  Tom Daniel
Dec 12
1:00 pm | Tom Daniel
Flexmls
Dec 9
1:00 pm | Tameca Jenrette
Wish Quick Search Was Your Homepage? Now It Can Be! |...

Starting December 5, you will be able to set Quick Search as your Flexmls homepage instead of your default Flexmls Dashboard in Flexmls Web. We know that you spend much of your time in Flexmls searching for properties. This change will allow you...

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www.flexmls.com
View More Options At A Glance On Your Search Results...

Starting October 24th, you'll be able to see more report options when you print or email listings from the search results page from Flexmls Web. We expanded the window that displays report options on the Listings to Print or Email page in...

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www.flexmls.com
CFR Store: Item of the month
2020 Calendar Magnets in stock at the CFR Board Store!

  • Choose from 3 distinctive design covers
  • Box of 100 calendars with envelopes is $35.00 just .35 each
  • Real Estate Calendar Magnets give you 366 days a year of magnetic advertising

Come see us for all your REALTOR® supply needs at the Board Store
Open Monday – Friday 8:30am to 5:00pm
Very easy for your convenience purchases can be charged to your account!