Featured Classes and Events
Jan. 14 | CRMLS FREE Training – CVAR East
Jan. 16 | zipForm® e-Signature – All Locations
Jan. 17 | Appraisals 101 – All Locations
Jan. 21 | Closed in Observance of Martin Luther King Jr. Day
Jan. 24 | Let’s Talk Feng Shui – All Locations
Jan. 25 | Notary Masters – CVAR HQ
January Product of the Month
Become a Spotlight Office with CVAR Assist!
Broker Lupe Garcia-Rugerio and her team at Coldwell Banker Leaders in West Covina are our first “Spotlight Office” of 2019. They are among CVAR members to take advantage of the CVAR Assist concierge services offered ONLY through Citrus Valley Association of REALTORS®!
To find out more, CLICK HERE
Earthquake Early Warning App
Los Angeles has become the first city in the U.S. to deploy an earthquake early warning app for the public, called ShakeAlertLA. The app will dispatch a warning to smartphones when shaking is expected in Los Angeles County. READ MORE
Go iBuyer Targets Multi-Family Properties
A growing number of companies are rushing to let homeowners offload their homes to investors online for cash. Now Go iBuyer, a new startup, has the goal of purchasing, renovating, and re-selling entire multifamily properties in Los Angeles. READ MORE
Why the Market Tanked in December
When U.S. stocks posted their worst December since the Great Depression, traders put plenty of the blame on actions by the Federal Reserve and computerized trading. But now it seems clear that the market was mostly anticipating what has actually happened in recent days. READ MORE
Is Your Social Media Username a Violation?
“Number1realtor” or “yourCaliforniarealtor” or “jane_chicago_realtor” may sound like unique usernames, but each of these examples violates the NAR trademark usage rules as well as the bylaws of the ion.local/state association. READ MORE
Rates Decline – Average 30-year fixed-rate mortgage hit 4.45% for the week through Jan. 10, 2019, down from 4.51% the previous week. The 15-year FRM averaged 3.89%, down from 3.99% (but up from 3.44% a year ago). The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.83%. (Freddie Mac)
Shutdown Impact – The Federal Emergency Management Agency has reversed course on flood insurance policies for at-risk properties during the ongoing government shutdown and will issue and renew flood insurance policies. (NAR)
Delinquencies Down – Nationally, 4.1% of mortgages were in some stage of delinquency in October 2018, representing a 1 percentage point decline in the overall delinquency rate compared to October 2017, and the lowest for the month of October in at least 18 years. (CoreLogic)
See 3rd Quarter market data at CVAR Market At A Glance,
with the latest information for three counties:
Los Angeles, Riverside, San Bernardino.
In Case You Missed It….
Fed Shutdown a Headache for Lenders, Homebuyers
Since the federal government officially kicked into partial shutdown mode in December, the IRS and other government agencies remain mostly closed. The side effect: delays in financing or refinancing mortgages and other loans. READ MORE
Choosing Mortgage Over Marriage
Millennials name homeownership as their second-highest goal behind retirement—and before marriage and having children–according to Bank of America’s 2018 Homebuyer Insight Report. READ MORE