Training Classes for February 2013

Here’s a quick rundown of upcoming real estate events and education for February in Oregon and Southwest Washington. If you have an event that’s not listed here, let us know in the comments!

February 7: Law and Rule Every broker is required to complete this course, which PMAR will be holding throughout the year. Topics include new licensing and continuing education requirements, new laws, new exemptions, and interactive case studies!
Location: Oregon Medical Association, SW Portland — $30

February 20: Basement and Crawlspace Waterproofing Learn about codes dealing with new construction, methods of waterproofing, proper drainage, existing basements, why they leak, how to repair, existing crawlspaces, water vapors, and more.
Location: Fidelity National Title, 700 NE Multnomah, Portland

February 27: Investing 101: Working with Small Multi-Family Housing Investors Panelists will walk attendees through working with investors purchasing four units or less. Topics include identifying and qualifying investors, appraisal challenges, and financing tips.
Location: Multnomah Athletic Club — $25 (continental breakfast included)

FREE RMLSweb Training

If you are an RMLS™ subscriber, we have many free educational opportunities at a location near you. View the current calendar for your area by clicking the link.

-Brookings
-Coos County
-Eastern Oregon
-Eugene
-Florence
 -Gresham
-Hood River
-Portland
-Roseburg
-Salem
-Vancouver

Don’t forget to check out our webinars for training outside these areas, and the Open House hours at the Portland office each Friday (10am-noon) when subscribers may consult with Technical Training staff for individualized attention.

You can also find ongoing education and training classes through a number of different associations in the Portland metro area and beyond. To search for classes in February, classes check out the current event listings at the following associations:

Portland Metropolitan Association of Realtors® (PMAR)
East Metro Association of Realtors® (EMAR)
Clark County Association of Realtors®(CCAR)




Supra Lockbox Activity January 14-20, 2013

This Week’s Lockbox Activity

For the week of January 14-20, 2013, these charts show the number of times RMLS™ subscribers opened Supra lockboxes in Oregon and Washington. The numbers in Oregon and Washington rose slightly this week.

For a larger version of each chart, visit the RMLS™ photostream on Flickr.




January Improvements on RMLSweb

Each month, RMLS™ takes RMLSweb offline for a few hours in order to perform system maintenance and make improvements to the system. In January, RMLS™ will be implementing several small features designed to improve the site for subscribers.

Unauthorized Access

RMLS™ is embarking on a project this month designed to eliminate unauthorized access of RMLSweb. We will begin reviewing accounts which have a history of excessive duplicate logins and/or logins from multiple geographic locations (within a short timeframe) and work with those users to ensure the security of RMLSweb.

The program is designed to reduce potential security risks for both RMLS™ and our subscribers and also to improve user experience. We’d like every user to enjoy their RMLSweb sessions the way they were designed to work.

RulesButtonReportRules Button
A new button will appear on RMLSweb‘s Agent Full and Data Only reports beginning January 31st that will enable subscribers to more easily submit concerns about a listing’s information to RMLS™ staff. Clicking the “Report an Issue” button below each listing on those reports will produce a pop-up window with a report subscribers can fill out and submit to the RMLS™ Rules and Regulations Department.

School Names
RMLSweb will update school names using proper case (Dundee vs. DUNDEE) and spell out most abbreviations (Falcon Heights vs. FALCON HTS). This will involve updating RMLSweb search fields and saved searches as well.

Increased Prospect Notifications
RMLSweb subscribers may currently receive notification of a prospect match up to three times a day. Starting January 31st, that frequency will be increased significantly, matching REALTORS® with prospective properties up to eight times throughout the day. As is currently the case, until the subscriber logs into RMLSweb to clear the matche(s), additional prospect notifications will not be sent.

SSPDefaultSSP As Default on Search
Currently, RMLSweb defaults to including Short Sale Pending (SSP) in default search parameters. The RMLS™ Board of Directors has requested this default be removed. Beginning January 31st, only ACT and BMP will remain as default statuses, and subscribers will need to select SSP if they wish to search those listings.

We hope subscribers find these tweaks to RMLSweb useful. If you have any questions regarding these changes, email Help Desk at helpdesk@rmls.com or call us at (503) 872-8002, or outside the Portland area at (877) 256-2169.




2012 Distressed Residential Properties

The chart below shows the number of bank owned/REO and short sales in all areas of the RMLS™ system during 2012.

ALL AREAS 2012 Distressed Properties

All areas when comparing percentage share of the market 2011 to 2012:
• Comparing 2011 to 2012, distressed sales as a percentage of closed sales decreased from 33.5% to 28.6%.
• New listings dropped from  61,980 to 58,280 which is a 5.9% decrease.
• Short sales comprised 11.3% of new listings and 12.1% of sold listings in 2012, down 2.6% and up 1.4% from 2011 respectively as a percentage of the market.
• Bank owned properties comprised 10.3% of new listings and 16.5% of sales in 2012, decreasing slightly from 13.1% and 22.8% respectively in 2011.

Portland metro when comparing percentage share of the market 2011 to 2012:
• Comparing 2011 to 2012, distressed sales as a percentage of closed sales decreased from 33.1% to 28.2%.
• New listings dropped from 33,940 to 32,011 which is a 5.6% decrease.
• Short sales comprised 12.1% of new listings and 12.3% of sold listings in 2012, down 3.2% and up 1.5% from 2011 respectively as a percentage of the market.
• Bank owned properties comprised 10.4% of new listings and 15.9% of sales in 2012, decreasing slightly from 13.4% and 22.3% respectively in 2011.

Clark County when comparing percentage share of the market 2011 to 2012:
• Comparing 2011 to 2012, distressed sales as a percentage of closed sales decreased from 43.2% to 32.2%.
• New listings dropped from 8,643 to 7,280 which is a 15.7% decrease.
• Short sales comprised 19.1% of new listings and 18.5% of sold listings in 2012, down 1.9% and up 2.1% from 2011 respectively as a percentage of the market.
• Bank owned properties comprised 8.8% of new listings and 13.7% of sales in 2012, decreasing from 15.9% and 26.8% respectively in 2011.

Below are links to additional charts for some of our larger areas:
Portland Metro
Clark County, WA
Lane County, OR
Douglas County, OR
Coos County, OR

If you want information on percentages of distressed sales in other areas not represented by our charts, please contact us at communications@rmls.com.




Supra Lockbox Activity January 7-13, 2013

This Week’s Lockbox Activity

For the week of January 7-13, 2013, these charts show the number of times RMLS™ subscribers opened Supra lockboxes in Oregon and Washington. The numbers in Oregon and Washington kept rising this week.

For a larger version of each chart, visit the RMLS™ photostream on Flickr.




Residential Distressed Properties for Fourth Quarter (October-December) 2012

AllAreas4thQDistressed

This chart shows the number of bank owned properties and short sales in all areas of the RMLS™ system during the fourth quarter of 2012.

Below are links to additional charts for some of our larger areas.
Portland Metro Distressed Properties (4th Quarter 2012)
Clark County, WA Distressed Properties (4th Quarter 2012)
Lane County, OR Distressed Properties (4th Quarter 2012)
Douglas County, OR Distressed Properties (4th Quarter 2012)
Coos County, OR Distressed Properties (4th Quarter 2012)

Here are some additional facts about distressed residential properties in the fourth quarter of 2012:

All areas when comparing percentage share of the market, fourth quarter 2012 to third quarter 2012:
• When comparing the fourth quarter of 2012 to the third quarter, distressed sales as a percentage of new listings increased by 3.2% (21.4% v. 18.2%).
• In a comparison of the fourth quarter of 2012 to the third quarter, distressed sales as a percentage of closed sales decreased by 1.2% (23.6% v. 24.8%).
• Short sales comprised 11.3% of new listings and 11.9% of sales in the fourth quarter of 2012, up 1.5% and down .3% from the third quarter of 2012, respectively.
• Bank owned/REO properties comprised 10.1% of new listings and 11.7% of sales in the fourth quarter of 2012, up 1.7% and down .9% from the third quarter of 2012, respectively.

Portland Metro when comparing percentage share of the market, fourth quarter 2012 to third quarter 2012:
• When comparing the fourth quarter of 2012 to the third quarter, distressed sales as a percentage of new listings increased by 2.6% (21.1% v. 18.5%).
• In a comparison of fourth quarter 2012 to third quarter, distressed sales as a percentage of closed sales decreased by 1.4% (22.8% v. 24.2%).
• Short sales comprised 12.0% of new listings and 12.3% of sales in the fourth quarter of 2012, up 1.8% and down .2% from the third quarter of 2012, respectively.
• Bank owned/REO properties comprised 9.1% of new listings and 10.5% of sales in the fourth quarter of 2012, up .8% and down 1.2% from the third quarter of 2012, respectively.

Clark County when comparing percentage share of the market, fourth quarter 2012 to third quarter 2012:
• When comparing the fourth quarter of 2012 to the third quarter, distressed sales as a percentage of new listings increased by 2.1% (26.7% v. 24.6%).
• In a comparison of fourth quarter 2012 to third quarter 2012, distressed sales as a percentage of closed sales decreased by 1.0% (28.8% v. 29.8%).
• Short sales comprised 17.8% of new listings and 18.6% of sales in the fourth quarter of 2012, up .6% for new listings and down 1.5% for sales when compared to the third quarter of 2012, respectively.
• Bank owned/REO properties comprised 8.9% of new listings and 10.2% of sales in the fourth quarter of 2012, up 1.5% and .5% from the third quarter of 2012, respectively.

If you’d like more information or percentages of distressed residential sales in other areas not represented by our charts, please contact us at communications@rmls.com.




Supra Lockbox Activity December 31, 2012-January 6, 2013

This Week’s Lockbox Activity

For the week of December 31, 2012 to January 6, 2013, these charts show the number of times RMLS™ subscribers opened Supra lockboxes in Oregon and Washington. The numbers in Oregon and Washington rose significantly this week.

For a larger version of each chart, visit the RMLS™ photostream on Flickr.




What Landlords Don’t Know About Lead

Following is a guest post by Jo Becker, Education/Outreach Specialist for the Fair Housing Council of Oregon.

Lead poisoning is of greatest concern with respect to children. This you do know…

We did a very informal survey and found that of the over 500 landlords asked, 73% owned or managed pre-1978 properties (over 9700 individual units, in fact) and almost all (91%) knew that young children are at the greatest risk of lead poisoning. That’s good news; this key message from the Dept. of Housing and Urban Development (HUD) and the Environmental Protection Agency (EPA) has been received. 

However, we also found:

  • ·         …that 25% still don’t know that HUD and EPA have required lead disclosure in all units built prior to 1978 (including use of a specific brochure on the subject) prior to contract since 1996 (see boxed insert below).
  • ·         … that 41% are still not aware that HUD / EPA have also required disclosure (with use of a different brochure) prior to many repairs or renovations made to pre-78 properties since 2008.
  • ·         …that 50% didn’t know HUD / EPA has required that many repairs or renovations be done by a certified lead-safe contractor since 2010.
  • ·         … that 37% still don’t know it has been illegal under the federal Fair Housing Act [1] to deny housing to an applicant simply because there are children in the household (even in pre-1978 properties) since 1988.

enforcementSuffice it to say the requirements above are real federal regulations housing providers are held liable for knowing and following. And, as recent cases demonstrate, the penalties for non-compliance can be significant.

Learn more about lead disclosure and certification requirements and information about familial status protections go to the FHCO website.

The survey was informative in a few more ways:

Brochures1.  We found there’s confusion surrounding the two different HUD / EPA pamphlets referenced above.  About 1/3 knew of those surveyed knew there were two different brochures; about 1/3 did not realize this; about 1/3 were unsure.  To further confuse the matter, the newer “Renovate Right” pamphlet has been revised [4]. To help clarify the issue, we have provided images of each here.

2.  We learned that over half (52%) didn’t know where to find the pamphlets and their accompanying disclosure forms online.  To be sure you can access these free resources we have included the URL for each here[5]:

Pre-contract Pamphlet:  “Protect Your Family from Lead in Your Home

Pre-contract Disclosure Form for Rentals

Pre-contract Disclosure Form for Sales

Pre-repair Pamphlet: “Renovate Right

Note that the original “Renovate Right” brochure shows the outside of a house with a front lawn; the predominant color is green with “March 2008” printed on its green back cover.  The revised “Renovate Right” brochure shows an interior shot of a home; the predominant color is pink with “Revised September 2011” printed on its tan back cover. 

The Pre-repair Disclosure Form can be found inside the pre-repair pamplet “Renovate Right.”

3.    Based on survey results, it would appear the majority of landlords are outsourcing required repairs and renovations.  To help you find local professionals trained to assist you we’ve provided the URL for the EPA’s Certified Renovation Firm search tool:

Find Certified Renovation Firms

In addition, if you’re interested in becoming lead-safe certified yourself, use the EPA’s Accredited Renovation Training Programs search tool to find a class near you.

Find Accredited Renovation Training Programs. You can also call the Lead Line at (503) 988-4000 (a free service).

4.  Lastly, our survey told us that over half (64%) didn’t know that a Portland-based nonprofit offers free “living lead safe” workshops, yet 83% indicated they planned to learn more about lead, reduce lead hazards, educate residents about lead, and / or inquire about a lead workshop.  To help facilitate these good intentions, please allow us to introduce you to Community Energy Project (CEP)!

“Living Lead Safe” Workshops:

CEP can be reached at (503) 284-6827 or lead101@communityenergyproject.org.  As a former REALTOR®, I can tell you their “Living Lead Safe” workshop would make an excellent office presentation or a wonderful seminar a sales agent could set up for his/her clientele or even a special offering a property manager could host for residents.  It takes about an hour and I can tell you it is mind blowing! 

Do You Know Why?

If we can extrapolate from the informal survey we conducted, most of you know that children are at the greatest risk of lead poisoning but do you know why that is or why it’s of particular concern in housing?

First of all, while there are other possible sources of lead poisoning, lead hazards are most commonly found in older homes. Lead poisoning can occur by drinking water contaminated with lead, swallowing chips of lead paint, or ingesting lead-based paint dust from remodeling or refinishing projects. 

Lead paint was banned in 1978; however, the housing stock remains and so does the old paint [6]. The National Safety Council reports, 2/3 of homes built before 1940 and 1/2 of homes built between 1940 and 1960 contain lead-based paint. While few homes built after 1960 contain lead paint, consumer advocacy requirements apply to all residences built prior to 1978.

As for why lead affects babies and small children so profoundly it is because lead poisoning causes anemia, digestive problems, and damage to the central nervous system in still-developing bodies. Children exposed to lead can develop brain damage including a variety of learning and behavioral disabilities [7].

The risk to children is compounded by the fact that they (pets too) are often on the floor where lead dust too fine to see can settle and be inadvertently ingested. In addition, children (and pets) have been known on occasion to chew on woodwork within their reach, particularly when they’re teething. Even if you are careful, small children (and pets) can still accidentally ingest paint by chewing on toys that collect tiny paint dust particles.

If you have lead paint on your property and would like it removed, contact a professional. This is not required of a housing provider but if it’s something you’re considering be sure you outsource the work; it is safer to pay a professional to do the removal than to try to do it yourself.

This article brought to you by the Fair Housing Council; a nonprofit serving the state of Oregon and SW Washington.  Learn more and / or sign up for our free, periodic newsletter on the FHCO website.


[1]   Federally protected classes under the Fair Housing Act include race, color, national origin, religion, sex, familial status (children), and disability. Oregon law also protects marital status, source of income, sexual orientation, and domestic violence survivors. Washington law covers martial status, sexual orientation, and domestic violence survivors, and honorably discharged veterans/military status. Additional protected classes have been added in particular geographic areas; visit http://www.FHCO.org/mission.htm and read the section entitled “View Local Protected Classes” for more information.

[2]http://yosemite.epa.gov/OPA/ADMPRESS.NSF/931381DFCD9A5C308525779700424CCD/8CC7396FEBB2B1BE85257A2A006C9D01!OPENDOCUMENT

[3] http://www.justice.gov/usao/md/Public-Affairs/press_releases/Press12/

[4] Visit http://www.FHCO.org/pdfs/published%20articles/read_on%20articles/LeadChanges.pdf to learn about the changes and your requirement to use the revised version.

[5] Note that HUD / EPA offer some of these in alternative languages as well.  Visit the HUD and EPA websites to find a comprehensive list.

[6] As long as the lead paint is sealed (painted over) and not chipping or cracking it should pose little health risks.  However, special attention should be given to “friction points” where two painted surfaces rub such as windows and doors.

[7] Symptoms of lead poisoning, according to the National Institute of Health Sciences, include headaches, muscle and joint weakness or pain, excessive tiredness or lethargy, behavioral problems or irritability, difficulty concentrating, loss of appetite, metallic taste in the mouth, abdominal pain, nausea or vomiting, and constipation. These symptoms are shared by many other illnesses. However, in cases where the symptoms occur for an extended period of time and no other cause has been found, lead poisoning should be considered.




Supra Lockbox Activity December 24-30, 2012

This Week’s Lockbox Activity

For the week of December 24-30 2012, these charts show the number of times RMLS™ subscribers opened Supra lockboxes in Oregon and Washington. The numbers in Oregon and Washington fell again this week.

For a larger version of each chart, visit the RMLS™ photostream on Flickr.




January is National Radon Action Month

Radon can be fatal to homeowners. It can enter a house through cracks in the foundation, floors and walls, or in a home’s natural stone building materials. The gas is the second biggest cause of lung cancer in the United States (behind smoking), killing around 15,000 to 22,000 people per year.

The US Environmental Protection Agency (EPA) has designated January as National Radon Action Month to foster awareness of the naturally occurring gas, and encourage testing.

Some areas within the RMLS™ region are radon hot spots, but testing is not required for homes in all these areas. Homeowners are highly encouraged to get their house tested.

Discover more about radon by reading the EPA publication A Citizen’s Guide to Radon, and consider providing clients with their handout Basic Radon Facts.