Featured Classes and Events
Dec . 3 | MLO License Renewal – CVAR HQ
Dec 5 | Holiday Breakfast & Installation
Dec. 6 | Citrus Valley Caravan
Dec. 7 | Shred Day – Free! – CVAR HQ
Dec. 10 | 45 Hr. License Renewal Course – CVAR HQ
Dec. 11 | Brokers/Salesperson License Cram Course
Dec. 12 | New Member Orientation – All Locations
Dec. 14 | Annual General Membership
Holiday Installation Is Sold Out; Registered Guests See You This Week!
Product of the Month
December – Note Cards
Looking for a gift for friends in real estate? Visit any of the 3 CVAR
Stores, in Glendora, South El Monte, and Rancho Cucamonga!
Watch for 2019 CVAR Annual
Dues Billing Coming Soon
to Your Email!
Rates Down, Too Late for Homebuyers?
Rates for home loans tumbled as turmoil rocked global financial markets, but any reprieve in rates may come too late for would-be home buyers or refinancers. READ MORE
Temporary Rent Control Begins Dec. 20 in LA
The Los Angeles County Board of Supervisors voted 4-1 in favor of a temporary rent control measure that will prevent landlords in unincorporated parts of the county from raising rents more than 3 percent each year. READ MORE
REALTORS® in Fire Zones: ‘We’re in Crisis & Need Help’
With a hint of smoke in the air on the morning of Nov. 8 in Paradise, Aubrey Pruis, an association executive at the Paradise Association of REALTORS®, was at the office for a meeting with colleagues when they spotted ember and ash falling from the sky onto the parking lot. READ MORE
C.A.R. is depleting its relief fund, and has barely begun receiving grant requests from victims of the recent fires. Click the link to make a donation to C.A.R.’s Disaster Relief Fund or to learn more details.
Market Stats – The statewide median home price was $572,000, down 1.2% from September and up 4.7% from October 2017. The unsold inventory index in October was 3.6 months, up 20% from a year ago and below the long-run average of about 7 months. (C.A.R.)
Loan Limits Rise – FHFA conforming loan limits up to $484,350; 2019 homebuyers get break with 6.9% increase in loan max Fannie, Freddie can purchase, so they can afford a little more house at a slightly cheaper rate next year. (Inman)
Flood Insurance Extension – Congress has approved a one-week extension of the National Flood Insurance Program, which was set to expire last Friday, preventing a lapse in federally provided insurance critical to homeowners who live in or near flood zones. It’s unclear if both houses will agree to a longer-term extension. (NAR)
3rd Quarter market data is available at CVAR Market At A Glance.
See the latest information for three counties:
Los Angeles, Riverside, San Bernardino.
In Case You Missed It….
5 Market Segments to Watch
Check out rising market segments that may offer growth opportunities for your real estate business in the new year, direct from the 2018 REALTORS® Conference & Expo. READ MORE