Featured Classes and Events
Aug. 13 | CRMLS Training – CVAR East
Aug. 14 | Brokers/Salesperson License Cram Course
Aug. 15 | zipForm® e-Signatures
Sept. 20 | Save The Date: End of Summer Bash!
Save the Date!
Committees and Cocktails
Learn the benefits of getting involved in your association and participating on a CVAR committee at the introductory Committees and Cocktails event on Thursday, Sept. 13, from 5-7 p.m. at CVAR headquarters.
Home Values Higher Than Pre-Recession
In seven of the 35 largest U.S. housing markets, more than 95% of homes are worth more than their peak value during the housing boom; Riverside saw the greatest increase in rent. READ MORE
Impact of Record Home Values On Property Taxes
A typical Southern California owner who bought a home a decade ago for the median price ($348,000) likely will see the “base” tax rise about $77 this year, to around $4,000. READ MORE
Tariffs Impact Builder Confidence
Builder confidence in the market for newly-built single-family homes fell two points to 68 in June on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). READ MORE
Cost of Selling Without a Real Estate Agent
You’ve heard of buyer’s remorse; but without your market expertise and sales skills to back them up, sellers who choose to sell their home on their own just may experience “seller’s regret” when they see how much less they get for their properties. READ MORE
Bidding Wars – The top six cities with 200,000+ residents ranked for their ‘competitiveness’ include Seattle, WA, Aurora, CO and four California cities: Fremont, San Jose, Oakland and San Francisco. (NAHB)
National Median – In Q2 of 2018 the national median home price jumped from $252,000 to $265,000, the highest quarterly median price in the history of the HOI series. Average mortgage rates also jumped more than 30 basis points from 4.34 in Q1 to 4.67% in Q2. (NAHB)
Least Affordable – California was home to the nation’s least unaffordable markets, including Los Angeles, Long Beach, Glendale, Anaheim-Santa Ana-Irvine, San Jose-Sunnyvale-Santa Clara and San Diego-Carlsbad. (NAHB)
Product of the Month – August