Check out the recap of Real Estate REvive 2018!
Featured Classes and Events
April 9 | CRMLS Training CVAR EAST- Free
April 10 | Social Security Secrets
April 11 | New Member Orientation
April 13 | Loan & Leadership Workshop – Lunch & Learn
April 18 | zipForm® Basic April 18
Matrix Changes – Effective April 11
New changes in Matrix take effect this week, including a requirement that all listings require a BRE number for the listing agent, and directions entered on a listing will now be displayed on Open House display. Click here for full list of Matrix changes.
MLS Fees for 2nd Quarter
If you haven’t paid your 2nd Quarter MLS fees, to avoid a penalty, please:
1st Quarter 2018 Market Data
Bring the latest housing market info to your clients!
The 1st Quarter market data for 2018 is now available at CVAR Market At A Glance. See the latest market information for three counties:
California Regional MLS, High Desert MLS
Sign Historic Data Share Agreement
A new agreement allows CRMLS and High Desert MLS users to share listing data directly, giving users of both MLSs access to data in either system through their familiar MLS platforms. CRMLS users will now have access to data in the High Desert area of California, and High Desert MLS users will gain access to CRMLS’s database of property listings throughout the state. The agreement “represents the additional progress and expansion of data availability that our state’s brokerage community deserve,” said CRMLS CEO Art Carter.
5 Tax Deductions for Sellers
Tax deductions can amount to sizable savings when filing with the IRS if your seller knows they exist. Make sure your clients are aware that if they are selling soon or sold their home last year, these tax deductions are at their disposal. READ MORE
Are Your Clients Being Spied On?
You and your buyer may be under surveillance when touring a property. Some sellers are using surveillance cameras inside their homes to record the sights and sounds as prospective buyers walk through. READ MORE
EPA’s Lead Paint Enforcement
The U.S. Environmental Protection Agency announced six settlements last month regarding lead paint enforcement actions. Five of the settlements concerned the Renovation, Repair, and Paint Rule and involved four companies in California, one in Arizona. To see how REALTORS® are affected, READ MORE
‘Adulting’ Barriers for Young Adults
Because the economic environment has been tough in recent years, wage growth has been weak and housing costs have risen rapidly, young adults are having a tougher time forming households. READ MORE
There are seven seats open for the 2019 Citrus Valley Association of REALTORS®’ Board of Directors. The application deadline is April 18, 2018. Please submit all applications to Mark Epstein at firstname.lastname@example.org
Mortgage Rates Fall – Rates for home loans fell for a second straight week: 30-year-fixed-rate averaged 4.40% last week, down from 4.44% a week ago; 15-year fixed-rte at 3.87%, down three basis points. (Freddie Mac)
Ineligible Borrowers– The Federal Housing Administration insured about $1.9 billion worth of mortgages in 2016 that it never should have, says a federal watchdog report. (HUD)
Cash-out Mortgage Refis– As of the 4th Quarter of 2017, the share of all refinances that were cash-outs rose to the highest since 2008, according to Freddie Mac data. (Marketwatch)
Product of the Month – April
Get 10% off at all three CVAR stores!
In Case You Missed It….
The latest Census Bureau data shows “more people moved out of California to other states than moved in from other states,” with a net loss of just over 138,000 people, while Texas had a net increase of more than 79,000 people; Arizona gained more than 63,000, and Nevada gained more than 38,000. READ MORE
CVAR Government Affairs Director Bill Ruh reports on the latest issues coming from local city governments, including Azusa Light & Water Upgrades, KB homes being built in Chino, package theft in Chino Hills, and more. READ MORE