March 18, 2015


The Voice for Hispanic Real Estate® and proud champions of homeownership for the Hispanic community.

In this edition:

State of the Association
First ever Top 250 Latino Mortgage Originators Award
John Quiñones to headline annual Keynote Luncheon
Palacios and Nery are ready to take the helm
2014 State of Hispanic Homeownership Report to Release at Housing Policy Conference
Industry Update
Indices Deliver Encouraging Signs for Home Buyers
NAHREP advocates for affordable housing goals, access to credit
Chapter Insider
NAHREP completes Latino Wealth Building Series
Chapter events from across the country


NAHREP Event Calendar

Mar 30 - Apr 1, 2015
2015 NAHREP Housing Policy & Hispanic Lending Conference
Fairmont Washington DC, Gerogetown

2015 NAHREP Housing Policy & Hispanic Lending Conference
Click for more information



NAHREP Sponsors


Contact NAHREP

NATIONAL ASSOCIATION OF HISPANIC REAL ESTATE PROFESSIONALS ®

591 Camino de la Reina, Suite 720
San Diego, CA 92108

Tel: (858) 622-9046
Fax: (619) 864-1090
http://nahrep.org/

NAHREP and the NAHREP Logo are registered trademarks of The National Association of Hispanic Real Estate Professionals®.

State of the Association


First ever Top 250 Latino Mortgage Originators Award

Fourth annual Top 250 Award nominations open

NAHREP is proud to announce that it will begin recognizing the leading Latino mortgage originators in the country with the establishment of the Top 250 Latino Mortgage Originators list. The list will recognize individuals whose mortgage transactions distinguished them among the thousands of Latinos in the industry.

Since 2012 NAHREP has recognized the Top 250 Latino Agents in America. In a short period of time the list has grown substantially in prestige and the members of the NAHREP Top 250 have been recognized by numerous media outlets, major corporations, and elected officials.

Be a part of the first ever Top 250 Latino Mortgage Originators list and receive national recognition for your outstanding professional achievements! Nominate yourself or someone you know today at www.nahrep.org/top250.


John Quiñones to headline annual Keynote Luncheon

John Quinones

This year, seven-time Emmy Award winning host of ABC's Primetime: What Would You Do? John Quiñones headlines the annual Keynote Luncheon at the Housing Policy & Hispanic Lending Conference. From a humble background of migrant workers, Quiñones become ABC's first Latino correspondent. His powerful story will uplift audiences with it message of triumph and success regardless of socioeconomic barriers. Be sure to catch his inspiring story, reserve your spot at the Keynote Luncheon here.


Palacios and Nery are ready to take the helm

Teresa Palacios Smith and Joe Nery

NAHREP is pleased to welcome the 2015 NAHREP National President Elect, Joe Nery! Joe is one of the members of Nery & Richardson, LLC, a real estate law firm in the Chicago area. He has held a position on the NAHREP National Board of Directors since 2012, and is a Past President of NAHREP Chicago. During his tenure as President, Joe's recruitment efforts grew the Chicago Chapter to being the association's largest Chapter.

Join us in welcoming Joe as the 2015 NAHREP President Elect at the Gala & Presidential Installation Ceremony at the Housing Policy & Hispanic Lending Conference on Tuesday, March 31, 2015. Visit www.nahrep.org/dc2015 to register for the conference and purchase a ticket to the gala.


2014 State of Hispanic Homeownership Report to Release at Housing Policy Conference

The association will release the 2014 State of Hispanic Homeownership Report later this month in Washington, DC, at the 2015 Housing Policy & Hispanic Lending Conference.

The fifth annual report will provide an in-depth look at the trends and impact that Latinos have on the homebuying market, and the impression Latinos have made on the economy over the past year.

"Considering Hispanics are expected to account for about half of new homeowners in the coming years," says Marisa Calderon, NAHREP deputy executive director and one of the report's authors. "In this year's report we've identified issues that specifically affect Hispanic homebuyers and need to be appropriately prioritized.."

The report will be available for digital download at www.nahrep.org/report on Monday, March 30, 2015.


Industry Update

Indices Deliver Encouraging Signs for Home Buyers
By Quicken Loans

There's good news for your clients! The gap between homeowner and appraiser opinions of home values is shrinking. According to the Quicken Loans Home Price Perception Index (HPPI), appraisers are only rating home values 0.18% higher than homeowners are rating them. More importantly, home values are rising from coast to coast! Home values are up 1.94%.

The 0.18% gap is actually is the most favorable statistic on pricing opinions between homeowners and appraisers since September of 2013. Understanding what a home is worth is essential in real estate transactions.

Quicken Loans Chief Economist Bob Walters said this level of pricing agreement is a positive sign. "Interest rates have dropped and we have seen more and more Americans refinance their mortgage. These consumers have been watching their local housing market and realizing their home's true value more accurately than any time in the last year and a half."

Graph

The gap narrowed in over two-thirds of the metropolitan areas surveyed. Despite the consistent trend toward pricing agreement, appraisers are still rating values higher than homeowners in more than 74% of areas surveyed.

It's an encouraging trend that home values jumped 1.94% in January. Home prices are up 5.63% from this time last year, and values were up in all regions. The gains were around 5% in the South, West and Midwest. Meanwhile, the Northeast enjoyed a 9.31% leap in home values. "The rebound from December's dip in home values shows that the economy is slowly regaining its health and finding solid footing," Walters said.

Got questions? Contact Quicken Loans at (888) 600-6942, or email AgentRelations@QuickenLoans.com for more information.

Disclaimer: Equal Housing Lender. Licensed in all 50 states. NMLS #3030. ©2015 Quicken Loans Inc. All rights reserved. Lending services provided by Quicken Loans Inc., a subsidiary of Rock Holdings Inc. "Quicken Loans" is a registered trademark of Intuit Inc., used under license.
© 2015 Quicken Loans Inc., All rights reserved. Lending services provided by Quicken Loans Inc., a subsidiary of Rock Holdings Inc. "Quicken Loans" is a registered service mark of Intuit Inc., used under license.


NAHREP advocates for affordable housing goals, access to credit

Every year, NAHREP takes a stand on a number of key policy issues which have a direct impact on the Association's ability to accomplish its mission. With these issues in hand, NAHREP members and supporters head to Capitol Hill where they take part in in-person meetings with lawmakers and members of Congress to advocate for real change in public policy. In advance of the 2015 Housing Policy & Hispanic Lending Conference, NAHREP advocates for the following policy changes:

  1. Reinstitute Affordable Housing Goals for Fannie Mae & Freddie Mac: Last year the Federal Housing Finance Agency ("FHFA") proposed new and higher affordable housing goals for the GSEs that would apply during years 2015 – 2017. The proposed goals must be finalized as soon as possible in order to appropriately address the needs of first time and other underserved markets.

  2. Access to Credit for Homebuyers: Narrow definitions of creditworthiness make it especially difficult for minority and first-time borrowers to qualify for and obtain a mortgage. Government regulators should address market factors that are restricting access to credit for minority borrowers.

  3. Inventory Disposition: To ensure community development and opportunities to build generational wealth in Hispanic and other diverse communities through owner occupant homeownership, the laws, regulations and business practices associated with single family property disposition and sale should provide ample opportunity for sales to Owner Occupants BEFORE making the property available for sale to investors.

  4. Immigration Reform:To provide permanent legal status to the 11.2 million undocumented individuals who already live and work in the U.S. in order to fully participate in the economy, including homeownership, Congress must pass comprehensive immigration reform which should include provisions for addressing a pathway to citizenship, deportation relief, immigrant and non-immigrant work visas.

Chapter Insider

NAHREP completes Latino Wealth Building Series

In partnership with Freddie Mac, NAHREP hosted two events across the country as a part of the Latino Wealth Building Series. The tour made stops at NAHREP Nevada on February 11 and NAHREP South Florida on February 26. The events provided an association update by NAHREP leadership, wealth building training by professional sales coach Bill Crespo, and a market outlook by Freddie Mac representatives.

NAHREP completes Latino Wealth Building Series


Chapter events from across the country

Salt Lake City

NAHREP Salt Lake City
NAHREP Salt Lake City recruited 26 new members at the February 19 "Importance of Business Planning" educational event

Chicago

NAHREP Chicago
NAHREP Chicago held its Business Planning Session on February 26, geared on business development in 2015. The event include a reception and installation of the NAHREP Chicago 2015 Board of Directors.