Commercial property class, April 13.
Featured Classes and Events
Click here for the application to become a candidate for the Citrus Valley Association Board of Directors and/or committee membership. The deadline to apply is April 19, 2017! The election will be held in June to fill three director positions and the president elect.
The Trump administration froze a number of policy changes made in the waning days of the Obama Presidency, including a 25 basis point decrease in the mortgage insurance premium (MIP) charged by the Federal Housing Administration (FHA), previously analyzed by NAR Research. READ MORE
The Federal Reserve announced a second rate increase in March, which might be prompting even more millennials to hold off with their homebuying plans, according to the survey. But millennials’ concerns may go deeper. READ MORE
Consumer Confidence Index – The percentage saying business conditions are “good” increased in March from 28.3% to 32.2%.
Median home price: The California median home price in February is $478,790.
WomanUp! Conference – C.A.R. hosts powerful content and advocates in the industry on June 8 at Pasadena Westin.
Wire Fraud Protection – Take advantage of a zipForm® free feature that enables you to share sensitive information, such as wire transfer instructions, safely and securely with clients, escrow officers or others involved in the transaction.
Phishing Alert – An email with the subject “NAR: Urgent Update” from email@example.com, is not from NAR. The email asks you to “view the recent publication released” with a link. Do not click any of the links, this is a scam.
In Case You Missed It….
See Who Got REvived!
Cyber Crime Emerges as REvive Hot Topic
Real estate transactions are an easy mark for cyber thieves, and cyber crimes emerged as a recurring theme at the 5th annual Real Estate REvive Conference & Expo last week at the Victoria Gardens Cultural Center in Rancho Cucamonga.
“My purpose here today is to help educate the real estate agent and the real estate industry on the growing cyber crime that’s affecting the home buyer, the escrow companies and the re agents, and just show how it’s affecting everyone,” said FBI Supervisory Special Agent Michael Sohn, who agreed to speak at the conference to get the word out to real estate professionals, a favorite target of cyber criminals.
If someone calls to say your phone or utility bill is overdue and asks you to pay now by prepaid debit card or wire transfer, it’s a huge warning sign that the call is probably a scam. The caller will threaten to cut off power or other services and offer an “energy assistance” or payment plan. Once they get your payment information, they use that information to fleece you. READ MORE
NAR President William E. Brown sent a letter this month urging new Treasury Secretary Steven Mnuchin to protect the current tax benefits of home ownership, as the Trump Administration seeks to reform the federal income tax system. READ MORE
Last-minute Tax Deductions – Health insurance, ATM fees from a business account, start-up expenses … don’t miss these small-business deductions.
Renters Rule – 52 of the 100 largest U.S. cities were majority-renter in 2015, according to U.S. Census Bureau data compiled for Bloomberg.
New-Home Sales Jump 6% – Sales of new single-family homes continued to rise, to 6.1% in February, says the U.S. Dept. of Housing and Urban Development and U.S. Census Bureau.
Suspicious Activity – The US Dept. of the Treasury’s Financial Crimes Enforcement Network (FinCEN) renews Geographic Targeting Orders that temporarily require U.S. title insurance companies to identify persons behind shell companies used to pay “all cash” for high-end residential real estate in six major metros, including Los Angeles and San Diego counties.
Appraisals are crucial to the real estate industry, yet a shortage of appraisers has some worried.
An N.A.R. survey reports that appraisers are worried about the rise of automated appraisals and are not happy with appraisal management companies.
Trump Signs Order to Dump Clean Water Rule
The REALTORS® Land Institute (RLI) applauds President Trump for signing an Executive Order that begins to unwind the Obama administration’s controversial Clean Water Rule. The regulation was written by the U.S. EPA and the Army Corps of Engineers to clarify the reach of federal regulators over wetlands and waterways under the Clean Water Act. READ MORE