Featured Classes and Events
There are new requirements as of Dec. 6, 2016 regarding seller-excluded listings in CRMLS. Below are two links that will direct you to the clearly outlined requirements and process.
Last–Minute Gifts in CVAR Stores!
New: HOA Grant Program for Your First-Time Buyers
C.A.R.’s Housing Affordability Fund is dedicating $500,000 for its new statewide Homeowners Association Grant Program. This program will provide qualified first-time California home buyers up to six months of Homeowners Association dues, not to exceed $2,500. REALTORS® will need to complete a program application and certification form on behalf of their client, which will be available in zipForm® Plus under the HAF library. HAF must receive all program requirements no later than thirty (30) days after closing escrow.
Moratorium on Holiday Evictions
Fannie Mae will suspend evictions of foreclosed single-family and 2-4 properties from Dec. 19-Jan. 2, 2017. READ MORE.
During this period, legal and administrative proceedings for evictions may continue, but families will be allowed to remain in the home.
Given how low mortgage rates have been for so long, today’s refinancers are highly rate-sensitive; even the slightest move higher in rates keeps more borrowers from being able to benefit from a refinance. Refinance applications are 12 percent lower than the same week one year ago. READ MORE
Housing’s Headwinds Coming in 2017
With rising mortgage rates and shrinking consumer confidence, expect modest gains in existing-home sales in the new year, according to the National Association of REALTORS®’ 2017 housing forecast, released last week. The decline in affordability in many parts of the country is taking a toll on the public’s outlook about their housing market, says Lawrence Yun, NAR’s chief economist.
Pay Dues by Jan. 9 for Chance to Win!
CVAR REALTOR® members can earn a chance to win one of 25 $100 Visa gift cards by paying your dues by Jan. 9, 2017, with a minimum $49 donation to the REALTOR® Action Fund! Only full REALTOR® members are eligible! READ MORE
In Case You Missed It….
Congrats CVAR Board, Award Winners!
CLICK to watch Installation highlights.
READ MORE about the award winners.
Protecting Trade Secrets
Are you giving up your trade secrets without getting much in return? If you’re tired of “brain pickers” and you’re looking for a tactful way to decline while still offering some helpful tips… READ MORE
Conforming Loan Limits
The Federal Housing Finance Agency’s (FHFA) announced that it will increase the 2017 conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac to $424,100 on one-unit properties and a cap of $636,150 in high-cost areas. The previous loan limits were $417,000 and $625,500, respectively. C.A.R. issued a statement that raising the limits will provide stability to the housing market.
Patti Stern, of PJ & Company Staging and Interior Decorating, offers tips on how to create a warm and inviting winter listing. READ MORE