July Product of the Month
Avoid A Penalty, Pay MLS Dues Now
Ethics Day Broadcast Followed by YPN Cool Off Challenge
Leigh Brown held the second annual National Ethics Day training at Citrus Valley Association, live streaming it to associations across 23 states. Following the 3-hour class, Leigh joined CVAR President Danielle Fontes in raising funds for REALTORS® Relief Foundation disaster fund by participating in the CVAR YPN Summer Cool Off Challenge. READ MORE
Carson Named Affordable Housing Chair
President Donald Trump has signed an Executive Order establishing the White House Council on Eliminating Barriers to Affordable Housing, and named HUD Secretary Ben Carson as its chairperson.
Pro Photos Sell Property Quicker
A 2013 study found that homes professionally photographed with DSLR cameras sold quicker and for thousands of dollars more than homes shot with amateur photos.
What to Do Before, During & After Wildfires
In just two minutes, a fire can become life-threatening. In five minutes, a residence can be engulfed in flames. Learn what you and your clients can do before, during and after to stay safe from wildfires.
Client Tip: Sell Before You Move
“Although vacant homes are easy for buyers to tour at their convenience, the fact that the sellers have already moved on is often a signal to buyers that they can take their time making an offer…”
Treasury Prices Fall – Yields pushed higher last week after Treasury Secretary Steven Mnuchin raised optimism that progress on a U.S.-China trade deal was being made, lowering demand for safe haven government paper. 10-year Treasury note yield rose 5.5 basis points to 2.049%; 2-year notes were up 4 basis points to 1.777%, and 30-year bond yield reached 2.565%. (MarketWatch)
Metro Affordability Decline – The 10 fastest growing metros of the Top 50 metros in the nation saw the number of units affordable to very low-income residents decline by more than a third. Every year more very low-income families are forced to spend more of their income on housing. (Freddie Mac)
1st Quarter Data
See 1st Quarter market data at CVAR Market At A Glance, create an instant report for clients with the latest information for three counties: Los Angeles, Riverside, San Bernardino.
In Case You Missed It….
Freddie Mac’s New Renovation Loan
Freddie Mac announced its CHOICERenovation loan offering on June 19, which provides homebuyers the opportunity to purchase a home and finance the cost of renovations with a single-close mortgage.