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Transcript of The Cornerstone
NAREBLOOKS TO DUPLICATESUCCESS IN 2013
SHIBAGIVES VOICE TO FORECLOSURE
N A R E B . C O M
CORNERSTONEThe NATIONAL ASSOCIATION OF REAL ESTATE BROKERSWINTER EDITION 4 / VOL2
IF YOU CAN ACCEPT LOSING,
YOU CANT WIN
ALL NEW SPECIAL EDITION
RUBIX QM CUBEQUALIFIED MORTGAGE(QM) UPDATE
This information is for real estate professionals only and is not intended for distribution to consumersor other third parties. Information is accurate as of the date of printing and is subject to change without notice. Wells Fargo Home Mortgage is a division of Wells Fargo Bank, N.A. Wells Fargo Bank, N.A. All rights reserved. NMLSR ID . AS /-/
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For nearly years, the Wells Fargo name has stood for reliability, integrity and pioneering innovation. As a responsiblelending and servicing leader, we help customers of all nancial backgrounds, in all communities, make informed decisionsand manage their money.
You can build your business in todays market and Wells Fargo Home Mortgage can connect you to an entire team of loanspecialists with answers to all kinds of homebuyer needs.
Contact your Divisional Diverse Segment Manager to access our network of local representatives.
The most downloaded Safety Appin real estate history
NEVER BE ALONE AGAINDOWNLOAD IT ON YOUR CELL PHONE NOW
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2012 YEAR IN REVIEW
Welcome back Team!
In 2013 we continue what we started. We build upon the momentum of those who ran the race and set the pace before us. NAREB is excited to turn back the pages of time and give you a sneak peek into the amazing accomplishments and goals that we as a team (leadership, members, partners, affiliates, vendors, supporters, family and friends) were able to achieve.
We are proud to present the first e-zine of the year entitled 2012 A Year In Review. Without your help none of this would have been possible. A team wins when individuals step up.
As I round the bend and gain momentum in the turn as your 27th President, I catch my second breath and put my head into the winds, the winds of resistance... winds of doubt... the winds of hope, and change, forever moving forward. We can see the finish line from here. Head down, setting the pace, I hear the wind in my ears. My lungs full, my heart pounds, were in the race for change. Our leg is almost done. Can you hear the cheers... I can. Its me cheering you on.
Lets keep moving forward. Lets continue to grow. Lets continue to do what we do best. The race is ours to win. Enjoy this issue of Cornerstone, NAREBs best of the best.
Julius CartwrightNAREB President
DIANE SIMMONSacting editor
DEE MAGICmarketing director | designer
THE CORNERSTONE of HOUSING IN BLACK AMERICA4 N A R E B . C O M
Senator Nina Turners Battle
Reporting by Staff Reporter
Young Realtist Heat Up In
Reporting by Alexandria Boone
NAREB Expands Its Political Reach
Reporting by Julius Cartwright
WINTER EDITION 4 / VOL2
THE CORNERSTONE of HOUSING IN BLACK AMERICA 5N A R E B . C O M
NATIONAL ASSOCIATION OF REAL ESTATE BROKERS
C. RENEE WILSONreporter
COURTNEY ROSE JOHNSONreporter
Reporting by LaSchell Stewart
DreamScape Youth Academy
Reporting by Sophia Washington
Bridges to Business Success
Reporting by Staff Reporter
Introducing Rubix QM Cube
Reporting by Ronald Cooper
When The Quiet Came
Reporting by Donnell Williams
Reporting by Alexandria Boone
Houston Bustles With Homebuyers
Reporting by Courtney Rose Johnson
ObamaSalutesThe National Association of Real Estate Brokers
T R I U M P H A N T
AND HIS ADMINISTRATION
CONGRATULATIONS PRESIDENT BARACK OBAMA 2008-2016
When nightmares of despair become dreams of hope and those hopes become deeds of people... we all become whole.
Julius L. Cartwright 27th President
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Real Estate Economist
While it is true that the economy has continued to expand moder-ately, the labor market continues to be a source of increasing frustration. After starting the year with an average of 225K jobs being creating each month during the first quarter, payroll employment growth has slowed to a third of that level during the second quarter averaging 73K during April and May. Addition-ally, the decline in the unemploy-ment rate, which was so evident during the second half of 2011, has all but stalled this year. After starting the year at 8.3 percent, it has declined by a mere 0.1 percentage points to 8.2 percent. On net, while any improvement is welcome improvement, it remains the case that for the economy to pick up any discern-ible steam, improvement in the condition of the labor market will have to accelerate substan-tially.Pressure continues to build from outside forces the European Debt Crisis and slowdown in the Chinese economy that risk having a material effect on our economic growth in the U.S. Namely, the Eurozone and China are significant trading
partners with the United States. The Eurozone alone accounts for more than 20 percent of the nations exports, and with Chinas ever-growing middle class, which alone is already estimated to exceed 300 million, larger than the whole of the United States population, simultane-ous declines in their aggregate demand can negatively, and possibly significantly, reduce our GDP, hurting our labor markets further. The expectation is that this impact is likely to be muted as U.S. growth in consumer demand, representing more than 70 percent of the total U.S. economy, continues to show some strength.Finally, despite some signs of improvement, the national hous-ing market remains moribund. Data through March 2012, the S&P/Case-ShillerHome Price Indices, the leading measure of U.S. home prices, showed that all three of its headline composites ended the first quarter of 2012 at new post-crisis lows. Additionally, fore-closures remain
significantly elevated above normal levels, and the amount of shadow inventory, remains at sufficiently high enough levels to put significant down-ward pressure on prices. For there to be any significant and last-ing improvement in the residential real estate market, it will first have to be preceded by improvement in the labor market, sparking stronger growth in con-
sumer incomes and demand, and ultimately growth in housing demand.
THE CORNERSTONE of HOUSING IN BLACK AMERICA N A R E B . C O M
l SHIBA Briefing Luncheonl Young & Powerful Reception @ DNCl CBCF Housing Brain Trustl Realtist Delegationl Black Diamonds Awards Receptionl Housing Forum at White Housel Consumer Financial Protection Bureaul HAP Mortgage Fairl SHIBA 1st Solutions Foruml Dreamscape Youth Academyl Pancakes & Politics with the Presidentl Bedford Stuyvesant Installationl Alex Watch Release Reportl Sandy Storml Womens Council Viva Retreatl Womens Council Financial Literacyl Membership GOLDl Econonic Update with LaVaughn Henryl Agent Alarm Safetyl HUD Update on AG Settlementl White House Calll Regional Conferencel Industry Relations Board Introduction
2012 YEAR IN REVIEW
THE CORNERSTONE of HOUSING IN BLACK AMERICA8 N A R E B . C O MOfori & Assoc
SENATOR NINA TURNER
THE CORNERSTONE of HOUSING IN BLACK AMERICA10N A R E B . C O M
Ohio State Senator Nina Turner will discuss the importance of the 2012 Vote and whats going on in the battleground State of Ohio as it relates to Voter Suppression.
State Senator Nina Turner is a long-time supporter of the Cleveland Realtist and NAREB and a trailblazier for equality and justice.
State Senator Turner will appear on MSNBC Monday, November 5th on the 10:00 a.m. EST, 9:00 a.m. CST, 7:00 a.m. PST segment to discuss this very important issue. Everyone should be able to vote... its their right! State Senator Turner previously appeared on CNNs Newsroom Senator Turner speaks to what she calls voter suppression happening in Democratic areas and also areas that are predominately African American.
SENATOR NINA TURNERSBATTLE GROUNDWAR of SUPRESSION
Fellowship . Mentorship . Partnership . Legislation . Membership . Political Action . Voter Drive
APRIL 15TH thru 21STFOLLOW US AT NAREB.COM | TWEET USING: #realtistweek2012
Show Your Pride.