Featured Classes and Events
June 27| National Code of Ethics Day
June 28| AREAA IE Power Boot Camp
June 29| FREE Friday! REALTORS® Guide to Probate – All Locations
July 2 | Free CRMLS Training – CVAR HQ
July 4 | Office Closed in observance of Independence Day
It’s the final week for special events & promotions at all locations! Click below for details:
Only 1 FREE Friday Left!
June 29 – REALTORS® Guide to Probate. At CVAR HQ and LIVE Streamed to East and West.
The class is free and includes lunch at all 3 CVAR locations!
Turn in your CVAR Bingo Card for Free 2019 Dues!
From now until Monday, July 2, bring your completed bingo card to any CVAR location to be entered into a drawing to win FREE LOCAL DUES for 2019! Get 5 squares in a row in any direction to earn 5 tickets! Fill up your card and receive an additional 5 tickets to double your chances!
Featured product: FLYER BOXES!
CVAR stores are offering 15% discounts each week in June. Plus, when you make a purchase of $25 or higher, earn gift certificates to use on your next visit to a CVAR Store! Learn more about gift certificates in June HERE.
Avoid a Penalty!
MLS 3rd Quarter fee is due! Look for the e-mail notice about the
June 30 due date, or pay here.
New-Home Construction Surges to Highest Level in Decade
…But new starts are still down in the West. See how we fared in a month when more new homes entered the pipeline than any other month since the end of the Great Recession. READ MORE
Opendoor: Convenience v. Cost
Opendoor, a San Francisco startup that buys and sells homes online, has raised an additional $325 million from investors. Why are sellers willing to pay a higher commission to sell their home? READ MORE
Borrowers Look to Lock in Rates
Mortgage rates have been up and down in recent weeks, so when borrowers saw little fluctuation last week, they jumped at a chance to lock in a rate. Home refinancers, in particular, took advantage. READ MORE
Rule Advances Association Health Plans
A new rule to expand the definition of “employer” to include “working owners” is a big deal for real estate professionals. Now what? READ MORE
Growth Prediction – Despite a slowdown in the first quarter, economic growth is forecasted to pick up through the remainder of 2018, resulting in full-year real GDP growth of 2.7 percent. (Fannie Mae)
Home Prices – The median existing-home price for all housing types reached an all-time high in May at $264,800. (NAR)
Making History – California’s median home price hit $600,860 for the first time in history, based on home sale prices in May and was up 2.8 percent from April and 9.2 percent from May 2017. (CAR)
In Case You Missed It….
CA Agent Fined for Bandit Signs
Most real estate investors have used bandit signs because they’re a great attention-getter and a source of real estate deal leads. But are they legal?
Developers Eye Failing Golf Courses
As we reported in last week’s CVAR At A Glance, older homeowners’ desire for certain amenities is changing. So who’s got an eye on those failing golf courses?