Did you know April is Fair Housing month? What exactly does that mean, you may ask? The Fair Housing Act was passed in 1968 to prohibit discrimination upon race, color, religion, sex, or national origin. The Fair Housing Act protects people from discrimination when they are renting or buying a home, getting a mortgage, seeking housing assistance, or engaging in other housing-related activities. In 1988 the Fair Housing Act was amended to add two protected classes of disability and familial status. Each April, REALTORS® commemorate Fair Housing month to reaffirm their continuing commitment to fair and equitable treatment for all.
The National Association of REALTORS® opposes discrimination in housing based on race, color, religion, sex, handicap, familial status, sexual orientation, gender identity, and national origin. This policy is embodied in NAR’s Code of Ethics. NAR’s Fair Housing Action Plan abbreviated ‘ACT,’ emphasizes (A)ccountability, (C)ulture Change, and (T)raining to ensure America’s 1.4 million REALTORS® are doing everything possible to protect housing rights in America.
I feel this is an important topic to discuss. Many people are coming together during this pandemic to help each other. Fair Housing should not just apply to real estate, but to all the things we do and situations we encounter. I have seen so many people doing good things this week. Just today, someone paid for my coffee. Pass on the kindness to others. Whether it be in the news, on social media or in person. It is refreshing! I am looking for the good in all things. Treat everyone equally.
How is all of this affecting our local real estate market? It is no surprise sellers who don’t have to sell right now are rethinking listing their home. Inventory is low. Buyers are ready to buy! Many times, we can’t even show the property without it already having multiple offers. To put this in perspective, there are 317 active single-family listings on the market in our area. The average of days on the market are 79 with an average list price of $385,000.
When you find a REALTOR® to work with, understand they can guide you through the process from the beginning to end. They can show you any listings, even if they are not listed with their company. If you are buying, get pre-approved so you are ready to make that offer. Contact your REALTOR® as soon as you see a new listing. If priced right, it won’t last.
If you are selling, prepare your property for the market. See your property as a buyer. What needs fixed or painted? Look at your curb appeal. Would you want to come inside if the lawn is a mess and trees aren’t trimmed? You can sell much quicker if your property is ready for public viewing.
Regardless as to what position you are in, remember to treat others with respect and kindness. Have a wonderful Easter holiday! Remember to do good things!
Stephanie Lemley, 2021 MBOR President