The Maryland General Assembly,  the 2018 Maryland REALTORS Legal Hotline Review and the latest Regulation News are all featured in this edition.

Maryland REALTORS^® Commercial Alliance Committee is pleased to announce that the 2019 Commercial Symposium - Maryland: The State of Opportunity will be held on May 2 at the Turf Valley Resort in Ellicott City, MD.

In 2018, average & median sale prices in Maryland climbed, according to the Maryland REALTORS^®.  Twenty-one of the states 24 jurisdictions posted gains in average sale prices ranging from 0.6 to 12 percent in 2018 as compared to 2017. The average sale price in 2018 was $336,866 compared to $325,559 in 2017. While median prices statewide rose by 4.0 percent to $293,930 for a second straight year.

Residential home prices continued to make gains in November and December compared to the same period in 2017, according to housing statistics released by Maryland REALTORS^®. Average home prices rose by 2.2 percent and 2.8 percent respectively, while median prices rose in the last two months of 2018 by .7 percent and 4.4 percent as compared to the same time in 2017.

January 8, 2019: Congress extended the National Flood Insurance Program until May 31st, 2019.   NAR and other groups continue to work on a more permanent extension of the program.

Did you know that 42% of REALTORS^® are NOT prepared for a financial emergency and 43% are NOT saving for retirement? That’s why the NATIONAL ASSOCIATION OF REALTORS^® (NAR) created the Center for REALTOR^® Financial Wellness. This new program will help you be financially solvent and independent, both in your career and at retirement. The Center for REALTOR^® Financial Wellness is a comprehensive online resource that has something to offer all NAR members no matter your level of professional expertise or stage of financial planning.