Featured Classes and Events
Feb. 21 | zipForms at CVAR HQ
— zipForms Live Stream at CVAR East (Rancho Cucamonga)
— zipForms Live Stream at CVAR West (South El Monte)
Feb. 22 | Contract College; Session 3
March 29, 2018 | Real Estate REvive Conference & Expo
Watch for announcements regarding Real Estate REvive Conference & Expo, including the fabulous TV celebrity speaker, coming March 29!
Trump Proposal: Cut HUD, Fannie, Freddie
President Donald Trump released his budget plan last week with a proposal to cut the Department of Housing and Urban Development’s (HUD) funding by about $8.8 billion, or 18% of its 2017 levels, and take revenue from Fannie Mae and Freddie Mac to lower the deficit. READ MORE
Is Smart Home Value a Myth?
Demand for smart-home technology is surging, with reports predicting the industry will reach $130 billion between 2020 and 2025. But many clients don’t understand what constitutes a smart home, how the technology works, or how it can affect a home sale. READ MORE
‘Advertiser’ Gets Prison for Agent Scam
A Louisiana-based advertiser was sentenced to 38 months in prison for scamming real estate agents out of nearly $2 million in lead generation and referral services he never delivered on. See how he did it. READ MORE
Airbnb Income Counts for Refinance
With the backing of Fannie Mae, home-sharing giant Airbnb has announced a new partnership with select lenders, including Quicken Loans, Citizens Bank, and Better Mortgage, that will allow homeowners to report rental earnings as part of their income when applying to refinance a mortgage. READ MORE
MLS-Touch Series: Quick Tip #3
See how easy it is to find comps through the MLS-Touch app, a free CVAR member benefit, by clicking the video below!
For more MLS-Touch Quick Tips Click Here!
The Entire Month of February!
Rates Going Up – NAR Chief Economist Lawrence Yun predicts that mortgage rates will reach 4.5% by the second half of the year. (NAR)
Current Rates – The 30-year fixed mortgage rate hit its highest mark since December 2016 in the first week of February. (Freddie Mac)
In Case You Missed It….
Federal Budget Impact on Real Estate
The National Association of REALTORS® fought and achieved a number of wins for real estate, including a temporary extension of federal flood insurance and extension of NAR-backed tax provisions. Here are the details: READ MORE
Unfreeze Client’s Credit
Following last year’s Experian data breach, many people froze their accounts to safeguard them from identity thefts. Clients may face some hassles getting approved for a mortgage if they don’t remember to unfreeze their credit first. READ MORE