Featured Classes & Events
Dec. 5 | Citrus Valley Caravan
Dec. 10 | Social Security Secrets – All Locations
Dec. 11 | zipForm® Basic – All Locations – Free
Meet Education & Events Manager Nancy Oakley
… With December Highlights!
Dec. 4 – You’re Invited!
Sen. Mike Morrell will install the 2020 CVAR Board of Directors Dec. 4.
December Product of the Month
News & Featured Articles
Cities Report – Nov. 2019
Sales tax headed for the ballot in Azusa; re-fi lowers Baldwin Park property tax bills; Claremont sales tax bid loses by 122 votes. Fuller board cancels plan for campus relocation to Pomona, Rancho Cucamonga approves annexation plan, and much more from CVAR Government Affairs Director Bill Ruh.
Fannie, Freddie Increase Loan Max
Fannie Mae and Freddie Mac will let mortgage borrowers nationwide take out home loans over $500,000 in 2020. See the loan limits by county.
Boomers Going Big
People in their 60s are bucking the downsizing trend in retirement for all sorts of reasons—from finding a home that better suits them to buying one with room for a live-in parent or visiting family members.
Report Finds Path Toward Affordable LA
Los Angeles’ affordable housing future won’t be found in a skyline crowded with tall towers, but in duplexes, bungalow courts, and accessory dwelling units, according to a new report from the McKinsey Global Institute.
Loan Rule Change – The Consumer Financial Protection Bureau is considering making changes to the Loan Originator Compensation rule, enacted after the financial crisis to keep LOs from steering borrowers into costlier loans. (HousingWire)
Existing Sales – Total October existing-home sales rose 1.9% from September to a seasonally adjusted rate of 5.46M. October 2019 brought 5.46 million in sales, a median sales price of $270,900, and 3.9 months of inventory. (NAR)
Where’s CVAR’s Facebook Feed?
The previous CVAR page is no longer available. To follow CVAR classes & events, industry news and happenings, please Like/Follow “Citrus Valley Realtors.” Click the Facebook image to access the page:
In Case You Missed It…
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.