Featured Classes and Events
Aug. 14 | New Member Orientation – All Locations
Aug. 14 | zipForm® Basic – All Locations
Sept. 13 | REALTOR® Safety – All Locations
REALTOR® Safety Coming Sept. 13:
Earthquakes, Active Shooter, Cybercrime
Do you know what to do in an active shooter situation? Now is the time to sign up for the free REALTOR® safety class at CVAR (live in Glendora; live streaming to East and West locations) on Sept. 13. FBI and law enforcement experts will cover cyber security, earthquake and workplace safety, as well as personal safety when you’re in the field. REGISTER NOW.
August Product of the Month
Zillow Survey: Recession Forecast for 2020
The longest uninterrupted economic expansion in U.S. history will probably end with a recession in 2020, according to a panel of more than 100 experts. READ MORE
Why iBuyer Threat to Agents Is Overblown
NRT CEO Ryan Gorman breaks down why he believes iBuyers aren’t an existential threat to the livelihoods of real estate agents. READ MORE
Cities Report – July 2019
San Gabriel Valley cities are pushing back on an effort to ban the use of natural gas in residential and commercial buildings; the Fosselman family is bringing its ice cream to Glendora, two cities are proposing a bump in sales tax, and much more, in CVAR Government Affairs Director Bill Ruh’s July report. READ MORE
Where Candidates Stand on Housing
The affordable housing crisis is squeezing the middle class and the poor alike. And while the Republican administration has targeted rental-assistance and public housing programs for cuts, Democratic presidential primary candidates are making housing policy a major issue in the 2020 election. READ MORE
Consumer Confidence – Job confidence and favorable mortgage rate expectations lifted the Home Purchase Sentiment Index to a new survey high in July, despite ongoing housing supply and affordability challenges.(Fannie Mae)
Labor Shortages – Labor and subcontractor shortages remained widespread in July and continue to impact the industry in a number of ways, including putting additional pressure on new home prices, according to a survey for the National Assn. of Home Builders/Well Fargo Housing Market Index.
2nd Quarter Data
See 2nd 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….
Areas Most at Risk From Wildfires
Nearly half a million homes in California risk being in the path of wildfires, according to an analysis that combines U.S. Forest Service data with Zillow housing data. The Forest Service risk map depicts the potential for wildfires that would be difficult to contain.
What Fed’s Cut, Jobs Report Mean
Last Wednesday the Federal Reserve cut interest rates and on Friday the Labor Department released the jobs report for July. What does it mean for homebuyers and other consumers?