Featured Classes and Events
Oct. 7 | CRMLS Training – Glendora – Free
There’s Still Time to Apply!
If you missed Committees & Cocktails last week, you have until Oct. 25, 2019 to apply for committee membership. Click here for an application.
For a list of committees or to contact committee chairs, click here. Click the video to see highlights from last week’s Committees & Cocktails!
CRMLS Links to MLS in Mexico
CRMLS and Terminus Sistema Global, the leading MLS in Mexico, have signed an agreement to share listing data via reciprocal links inside their MLS systems. This agreement is the first of its kind between CRMLS and an MLS outside of the United States. READ MORE
Sept. 2019 Cities Report
Another downtown Azusa development approved; no more Uber rides to or from Ontario airport; Chino Hills concerned about Pine Avenue/71 Freeway extension; plans for West Covina’s Queen of the Valley expansion approved, and more, from CVAR Government Affairs Director Bill Ruh. READ MORE
Economy, Regardless of Impeachment
Impeachment talk is flying around social media. But as an investor, it’s not what matters right now. The immediate concern for all investors is the declining global economy.
Assessor: Downside of Split Roll
Los Angeles County Assessor Jeffrey Prang sees problems with the split roll property tax increase proposal headed for the 2020 ballot.
Wildfire Bills – Gov. Newsom signed a series of bills aimed at improving California’s wildfire prevention, mitigation and response efforts. (Ca.gov)
Digital Mortgage Reveal – A study shows that algorithmic lending is reducing discrimination by up to 40% compared to face-to-face lending options for Black and Latinx home buyers. (National Bureau of Economic Research)
Fixed Rate Up – The average fixed rate for a 30-year mortgage inched forward last week to 3.65%. Despite the slight uptick, Freddie Mac’s Chief Economist Sam Khater says the nation’s purchasing demand remains strong. (Freddie Mac)
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….
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.”