Featured Classes and Events
Oct. 3 | Committees & Cocktails – Free
Oct. 7 | CRMLS Training – Glendora – Free
Oct. 11 | Brian Buffini Success Tour at CVAR!
Oct. 3 – Committees & Cocktails – Free!
4thQ MLS Due Today!
Attack Follows Safety Day
An agent was attacked at an open house for a property in Encino a week ago, less than 2 weeks after CVAR’s REALTOR Safety Day. To see what she did right, and what law enforcement had to say, READ MORE
No Appraisal for Certain Homes
Certain home sales of $400,000 and under will soon not need an appraisal after federal regulators approved a proposal to increase the threshold at which residential home sales require an appraisal. READ MORE
LA Challenges Sidewalk Sleeping
Are you showing a property in a neighborhood inhabited by the homeless and your client wonders, “what is being done?” The city of Los Angeles is joining challenging a ruling that lets homeless residents sleep on sidewalks when there aren’t enough shelters. READ MORE
Using Instagram to Build Community
Ed Stulak claims all his sales in three years have come from Instagram-in large part because he has used it to build his personal brand.“I didn’t do any advertising, I didn’t do any marketing, I spent zero bucks.”
House Rich – Break it down by borrower, and the average homeowner with a mortgage gained $4,900 in home equity in just one year. (CNBC)
Flood Insurance – Set to expire today, the U.S. Senate passed an extension to National Flood Insurance that would keep the program afloat until Nov. 21. The bill is expected to be signed by the president. (REALTOR magazine)
New Construction – Builders say lower mortgage rates are prompting more home buyers to consider new-home construction. Sales of newly built single-family homes surged in August, rising 7.1% to a seasonally adjusted annual rate of 713,000 units, the Commerce Department reported last week. New-home sales have now jumped 18% compared to a year ago. (REALTOR magazine)
Today Is Last Day for Safety Product Discount
October Product of the Month
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….
Fed Cut: Economy Protection
The central bank announced that it would cut its benchmark overnight lending rate a quarter percent to a target range of 1.75% to 2%. The committee again cited “the implications of global developments for the economic outlook as well as muted inflation pressures” as the primary rationale for last week’s cut. READ MORE
When the Flips Are Down…
Fewer homes were flipped by investors in the second quarter compared with the same quarter one year ago as profits grew smaller. “Home flipping keeps getting less and less profitable….” READ MORE