Featured Classes and Events
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Loan Boot Camp Class March 21.
March 20 | CRMLS Training CVAR West
- March 21 | Loan Bootcamp – East
- March 22 | Understanding RPA – East
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March 23 | Financial Plan – West – Free
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March 24 | Mastering Your Brand w/ Social NetworX
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March 27 | Notary Masters
Eclectic Lineup Set for REvive!
In the spotlight at the 5th annual Real Estate REvive Conference & Expo are political analyst Donna Brazile,
Tickets: REvive.
The Flippers Have Returned!
The number of single-family homes and condos flipped in 2016 zoomed to a 10-year high, a new report from ATTOM Data Solutions shows.READ MORE and see a related story in this issue.
Client Tip: Buying a Flip?
So a buyer is looking at a “remodeled” home … was the work permitted? Were damaged materials replaced or just hidden? As more amateur flippers get in the game, it’s more likely there will be violations. So if the plan is to buy a flip, make sure you follow these tips. READ MORE
Win a $250 Gift Card
One lucky REALTOR® will win a $250 Amazon gift card by signing up for the REALTOR® Party Mobile Alerts Program before April 30. To enter this contest, simply text the word REALTORS to 30644 to sign up and get calls for action sent directly to your mobile device! Rules apply.
READ MORE
Virtual Staging – Is It Misleading?
Using pictures of real rooms and changing the design elements or creating virtual renderings for new-construction homes that do not yet exist isn’t a new concept in real estate–and it isn’t without controversy. But the technology and practice has made such significant strides many REALTORS® are using virtual staging services. READ MORE
MLS 2nd Quarter Fee – Statements have been emailed, due by March 31. Click here to pay
FED Raises Interest Rate – Interest rates increase to 1%, based on a strengthening labor market and economic activity.
Tax Deductions – How to write off BBQ’s and pool parties like the top 1%, C.A.R. Webinar March 21.
Equifax, Experian, and TransUnion – Tax lien and civil judgment data are being removed from some consumer credit records.
Millennials and Gen Xers are most likely to house shop online, and buy their home using a real estate agent.
CA Median Home Price – $478,790 for February 2017, up 7.6% from February 2016.
#4 Is Los Angeles-Long Beach-Glendale at 97%
In Case You Missed It …
REvive Host: C.A.R.’s Geoff McIntosh
The host of the 5th annual Real Estate REvive Conference & Expo will be C.A.R. President Geoff McIntosh, who says of the event, “This is an incredible opportunity for California REALTORS® to become more knowledgeable, productive and effective with a minimal investment of time and money.” READ MORE
Dos and Dont’s to Win Listings
READ MORE
Oh No, Not Another Real Estate Scam!
A new real estate scam originates in Florida but has the potential to become national. REALTORS® are threatened with suspension of their license allegedly by a fake REALTOR® group calling itself the “Florida Board of REALTORS®.” According to the real Florida AOR, several members received “Final Notice” letters that included a “Make check payable to” address. There are no reports of a scam affecting REALTORS® in California (so if you haven’t paid CVAR dues yet, the notice is probably real!). If you do receive a suspicious letter, call C.A.R.’s Legal Hotline at (213) 739-8282.Mortgage Rates at 2017 High – 30-year fixed-rate mortgages averaged 4.21% last week, up from the previous week’s 4.10%.
Negative Equity Recedes – Fewer homeowners are underwater, but more than half of those owe at least 20 percent more than their homes are worth, says Zillow’s 2016 4th quarter report.