Nov. 28-Dec. 1 | CVAR Offices Closed for Thanksgiving Holiday
Dec. 5 | Citrus Valley Caravan
Dec. 10 | Social Security Secrets – All Locations
Dec. 4 – You’re Invited!
Sen. Mike Morrell will install the 2020 CVAR Board of Directors at the Installation & Holiday Breakfast.
Ask us about congratulatory ads for the Dec. 4 Installation program: Communications@cvar.net!
Housing Could Buoy Economy
Fannie Mae economists have upgraded the economic outlook for 2020, and a big reason behind that is expected growth in the housing market.
Highland Project to Proceed
The 316-house Mediterra project approved in 2016 by the Highland City Council is showing signs of moving forward, as the planning commission voted last Wednesday to recommend several dozen changes.
LA County Warns of USB Scam
Security experts are issuing a warning to those who use USB chargers at airports, hotels, and other locations to power up electronic devices. You could be putting your personal data at risk. READ MORE
7 Tips: Selling Over Holidays
The holiday season from November through January is often considered the worst time to put a home on the market. But the season does have its advantages: holiday buyers tend to be more serious and competition is less fierce with fewer homes being actively marketed. READ MORE
Rentals Costlier – As more Americans find it harder to afford a home, rental demand is soaring, especially for single-family homes. The supply is shrinking, pushing rent prices higher. (CNBC)
Amazon Effect – One year after Amazon selected Arlington, Va., as the site of its new HQ2, the housing market is experiencing massive inventory shortages, sky-high price spikes and a blistering pace of sales, propelling it to one of the nation’s hottest housing markets. (realtor.com®)
Where’s CVAR’s Facebook Feed?
Last Week for November
Product of the Month
December Product of the Month
In Case You Missed It …
City Wants Shot at Rent-Controlled Homes
The Los Angeles City Council’s housing committee wants the committee or tenants to have the opportunity to buy a rent-controlled building if the owner plans to demolish it. READ MORE
Unconventional Loans on Rise
Unconventional mortgages are on the rise, does that mean we’re headed back to the bad old days that led to the housing meltdown? Probably not, although if there’s a rise in delinquencies, it could signal trouble ahead.
Condos or Cocktails to Replace Sears?
Now that the Sears store at Montclair Place is closing, what will take its place? Councilman Bill Ruh, CVAR’s Director of Government Affairs, cited the North Montclair Specific Plan, which calls for housing, retail and transit. READ MORE