Week of June 21, 2022
Greetings!
HIGHLIGHTS
  • TODAY: Unpacking the Current Housing Market @ 11:00am
  • Obstacles to Home Buying
Welcome new member Allison Mullenix with Austin Realty. Carol Butler has moved to Terrell Realty Group and Kylie Rickert-Snyder has moved to Wander Home Realty, LLC.
June is National Homeownership Month, when we promote the benefits of homeownership and recommit to creating opportunities for future homeowners.

During Homeownership Month, NAR is sharing how REALTORSĀ® help the millions of Americans who aspire to join the nation's 83 million property owners.

Homeownership builds financial security. With 65.5% of Americans owning homes, the net worth of a typical homeowner is nearly 40 times the net worth of a non-owner.
Hot or Not? Unpacking Today's Housing Market
WHEN: Tuesday, June 21, at 11 a.m. ET
WHAT: Briefing - Current State of Housing Market

Dr. Jessica Lautz, NAR's vice president of demographics and behavioral insights, will offer an exclusive Homeownership Month briefing for Members of Congress and staff. REALTORĀ® members are also invited to join Go beyond the headlines with the latest trends and original data on the current state of the housing market.
Obstacles to Home Buying
Itā€™s the market, not the agent.
Reflecting on the home buying process, both potential and successful home buyers across races and ethnicities tested say they faced or are facing obstacles like a lack of affordable homes, a lack of homes that fit their criteria, competing with multiple offers, and saving for a down payment.
Home Buying and Real Estate Professionals
  • 87% of buyers recently purchased their home through a real estate agent or broker, and 7% purchased directly from a builder or builderā€™s agent.
  • Having an agent to help them ļ¬nd the right home was what buyers wanted most when choosing an agent at 52%.
  • 73% of buyers interviewed only one real estate agent during their home search.
  • 90% of buyers would use their agent again or recommend their agent to others.
Financing the Home Purchase
  • 87% of recent buyers ļ¬nanced their home purchase.
  • First-time buyers who ļ¬nanced their home typically ļ¬nanced 93% of their home compared to repeat buyers at 83%.
  • For 61% of buyers, the source of the downpayment came from their savings. 56% of buyers cited using the proceeds from the sale of a primary residence, while 28% of first-time buyers used a gift or loan from friends or family for the downpayment.
Highlights From the Profile of Home Buyers and Sellers

For most home buyers, the purchase of real estate is one of the largest financial transactions they will make. Buyers purchase a home not only for the desire to own a home of their own, but also because of changes in jobs, family situations, and the need for a smaller or larger living area. This annual survey conducted by the NATIONAL ASSOCIATION OF REALTORSĀ® of recent home buyers.
Affiliate & REALTORĀ® member event
Paddles up this September
RPAC Auctions in Wabash & Kokomo
Come join the ā€˜22 RPAC auctions!

There will be a complimentary meal, networking, and fantastic auction items for bidding at both evening auctions!
ļ»æ
WHEN: Tuesday, Sep. 13 | doors open 5:30 p.m.
WHAT: RPAC Evening Auction in Wabash
WHERE: The Rustic Barn at Hopewell
COST: Free event with complimentary meal

WHEN: Thursday, Sep. 22 | doors open 5:30 p.m.
WHAT: RPAC Evening Auction in Kokomo
WHERE: The Venue at Brookstone
COST: Free event with complimentary meal
Event organized by: RPAC Fundraising Committee
Exclusive Sponsors: Bowe Digital, Security Federal Savings Bank, & Solidarity Federal Credit Union
Security Federal Sponsored Drinks
Interested in sponsoring an upcoming event? Let us know: click here!
RACI offers customized event sponsorships that help you meet your business goals.
Login here or create your Member account login here

WANT TO CHANGE YOUR BILLING FREQUENCY? Make the change before July 1!

CLICK HERE if you would like to update your MLS Tech fee payment frequency. Options include Annual, Semi-Annual, Quarterly, and standard Monthly billing frequencies for MLS Tech fees. We will do our best to accommodate your needs.

MONTHLY MLS TECHNOLOGY FEE DUE JUNE 25
A 15% late payment fee is applied to payments made after the 25th of the month due date.
Click here to learn more or connect with this RACI Affiliate member!
Connect with us
REALTORSĀ® Association of Central Indiana
OFFICE HOURS: Monday - Thursday | 9:00 to 4:00
SUPPORT HOURS: Monday - Friday | 8:00 to 5:00
Copyright Ā©2021 REALTORSĀ® Association of Central Indiana, all rights reserved.
You are receiving this email because you are a REALTORĀ® member, REALTORĀ® Secretary/Personal Assistant, or an Affiliate Member of the REALTORSĀ® Association of Central Indiana (RACI). All members opt in to receive email communication upon joining RACI.