Featured Classes and Events
- May 1 | CRMLS Training – Free
- May 1-31 | Month of zipForm® Webinars – Free
- May 2-3 | AREAA IE Power Agent Boot Camp
- May 3 | Guide to Residential Disclosures – Atty. Ed Estes
- May 4 | CVAR Caravan/ Matt Ahlmann on Social Media
- May 8 | CRMLS Training – East – Free
- May 10 | New Member Orientation
- May 11 | Importance of a Complete Financial Plan – CVAR West
Brokers: New Zillow Rule
Your 2018 CVAR Candidates
Click Here to see the candidates for the 2018 Citrus Valley Association of REALTORS® Board of Directors.
Analysts are examining who will benefit from the President’s Tax Reform proposal. Treasury Secretary Steven Mnuchin (right) said the plan will eliminate all personal tax deductions other than the mortgage interest deduction and charitable contributions. But N.A.R. worries that increasing the standard deduction will effectively nullify the benefits of the MID for the vast majority of filers. READ MORE
You Can Do This: Social Media Home Tour
Using Facebook Live to present your “open house” online is an effective–and free–way to market a property to people who can’t physically make it to your open house (see video below). But take it from someone who’s been making CVAR videos for your information and viewing pleasure–this is LIVE!–so do some pre-planning of the highlights you want to show, and be aware of what you DON’T want to show on your open house tour (did you notice the neighbor kid climbing over the back fence during your video?)! It’s a great way to introduce yourself, reach more buyers, and have fun!
—Laurie Schenden, CVAR Communications & Marketing Manager
April Cities Report
Read about the latest civic happenings in communities served by Citrus Valley Association of REALTORS® in the monthly report from CVAR Government Affairs Director Bill Ruh. Click HERE
Relay Team CRMLS – To participate in the Relay for Life May 20 at Louie Pompeii Sports Park in Glendora – or donate.
Sales Down – California pending home sales dipped for the third month in a row, but Southern California led in closed escrow sales and had the smallest decrease.
CA Median Home Price – $517,020
Rates Rise – For the first time in five weeks, average mortgage rates edged up:
- 30-year fixed-rate mortgages averaged 4.03 percent, with an average 0.5 point, up from last week’s 3.97 percent average. Last year at this time, 30-year rates averaged 3.66 percent.
- 15-year fixed-rate mortgages averaged 3.27 percent, with an average 0.4 point, up from last week’s 3.23 percent average. A year ago, 15-year rates averaged 2.89 percent.
- 5-year hybrid adjustable-rate mortgages averaged 3.12 percent, with an average 0.4 point, up from last week’s 3.10 percent average. A year ago, 5-year ARMs averaged 2.86 percent.
Source: Freddie Mac
2017 First Quarter Market
In Case You Missed It …
Smartphones and tablets are vulnerable to malware that enables hackers to access your email, online banking information, and apps–whether Android or Apple (despite common misperceptions). How can you tell if your phone or tablet has been infected? USA Today flagged several signs…READ MORE
Why Mortgage Rates Are Dropping
After the Federal Reserve raised its key interest rate about a month ago, mortgage rates were expected to increase as well. Instead, they’ve been dropping.READ MORE
If you’re confused by labels given to the five generations with an active role in the marketplace, this breakdown, courtesy of theCenter for Generational Kinetics, should help:
- Gen Z, iGen, or Centennials: Born 1996 and later
- Millennials or Gen Y: Born 1977 to 1995
- Generation X: Born 1965 to 1976
- Baby Boomers: Born 1946 to 1964
- Traditionalists or Silent Generation: Born 1945 and before
Tips to Draw Buyer Interest
The lack of interest in a property is often the result of a poorly priced home, inadequate marketing or insufficient property information. Fortunately, it’s fairly easy to increase interest, if you follow a few tips recommended by Better Homes & Gardens.
Small Spaces – Builders are banking on a lure of tiny studios among the 20-something crowd.
Sales Up – Existing, single-family home sales totaled 416,580 in March, up 4% from February and 6.9% from March 2016.
March Median – Home prices are up 8 percent from February, up 6.8% from March 2016.