Featured Classes and Events
April 16 | CRMLS Training CVAR WEST- Free
April 17 | Brokers/Salesperson License Cram Course
April 18 | zipForm® Basic Free Class
April 18 | How To Close More Listings
April 19 | Citrus Valley Caravan WEST
April 19 | How to Work With Overseas Buyers & Investors
April 20 | Building Your Book of Business
zipForm® Basic Training on April 18
Scam Targets REALTORS®
A phishing email, purportedly from the “REALTOR® Party via DocuSign,” has been sent to some NAR members. READ MORE
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:
Zillow Gets Into Flipping Houses
Zillow Group continues to veer from its original business model (as a real estate listing company that makes money through advertising), by venturing into the business of buying and flipping homes. READ MORE
Chinese Investors Unfazed—For Now
In 2017, Chinese buyers made up $31.7 billion of U.S. real estate purchases made by international buyers, up from $12 billion in 2012, according to NAR’s Profile of International Activity in U.S. Residential Real Estate. Will trade disputes change this? READ MORE
8 Common Tax Filing Mistakes Agents Should Avoid
As the U.S. tax filing deadline looms, real estate agents find themselves in a familiar position—figuring out how to pay as little tax as possible while staying off the radar of the ever-watchful IRS. If you’ve already filed, start now for next year. READ MORE
Appraisers React to Decision
While NAR and the Appraiser Qualification Board have reported a “fix” in regards to the appraiser shortage, veteran appraisers say that lowering the standard doesn’t address the problem with Appraisal Management Companies. READ MORE
Mortgage Rates Up – 30-year fixed rates averaged 4.42%, up from 4.40 the previous week, and from 4.08 last year; 15-year fixed-rate mortgages held at 3.87%. 5-year hybrid adjustable-rate mortgages dropped to 3.61%, from the previous week’s 3.62%. (Freddie Mac)
All-Cash Buys– About 10% of California single-family homes were purchased in all-cash transactions in 2006; a decade later, it’s nearly 25%. (ATTOM Data Solutions)
Homeowner Survey – A third of the 1,214 American buyers who purchased a home in the last four years said that they exceeded their upper purchase limit by an average of $16,510. (Owners.com)
Product of the Month – April
Get 10% off at all three CVAR stores!
In Case You Missed It….
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
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.