July 6 & 8 | NCREA – Commercial CRE Sellers
July 9 | License Renewal – Crash Course for Brokers/Agents ($85)
July 12 | CRMLS Training -Creating CMA in Matrix
July 16 | Shred Day – Document shredding at Glendora & Rancho Cucamonga locations!
Watch the CVAR Probate class replay at CVAR.Live!
Attorney Paul Horn explains how probate works post-pandemic, how to protect your commission and more! Also view at CVAR’s YouTube channel.
News & Featured Articles
DOJ Shocker: No NAR Deal
The U.S. Department of Justice announced that it is pulling out of a proposed settlement with the National Association of REALTORS®, a surprising development that may suggest that federal regulators will take a more aggressive approach to NAR–and the real estate industry as a whole.
CVAR Grand Re-Opening July 12-16!
CVAR is marking the Grand Re-opening of our three offices with a week of specials! The week of July 12-16 we’re offering special gift bags with a purchase (or new member) at all 3 locations, and riders at 10% off for the entire month.
On July 16, CVAR will host Shred Day at the Glendora and Rancho Cucamonga offices (10 a.m.-4 p.m.).
C21, EXIT, K-W In Discrimination Suit
A law firm working with a housing rights advocacy group on Wednesday sued dozens of real estate agents and companies — including high-profile players such as Keller Williams, EXIT Realty and a Century 21 franchise — over claims of discrimination against lower-income tenants.
Blackstone Bets on SFR Rentals
Blackstone Group agreed to buy single-family rental company Home Partners of America for $6 billion, betting the demand for suburban housing will stay hot even as the pandemic eases. Single-family rentals have been a favorite bet over the past year for real estate investors.
Agents’ 5 Most Frequent Flubs
When the opportunity to win new business arises, you want to make the best impression possible. Here are five frequent (and avoidable) flubs agents make when pitching to a prospect. Avoid these mistakes and win that seller’s business!
Real Estate REvive Returns Aug. 5!
Sponsors supporting the Real Estate REvive Virtual Conference on Aug. 5 include:
C& S California Capital, RentSpree, C.A.R., Reverse Mortgage Educators, Change Home Mortgage, Golden1 Home Loans, OnlineEd, realtor.com, RE Technology, the WAV Group, and the NCREA!
See the speaker lineup at realestaterevive.com! Admission remains $19 for the entire conference — thank our sponsors for helping to keep it that way!
1st Quarter 2021 Market Stats!
Create an instant report for clients with
the latest information for 3 counties:
Los Angeles – Riverside – San Bernardino
Average Rates – 30-year fixed-rate mortgages averaged 2.98% as of July 1, with an average 0.6 point, dropping from the previous week’s 3.02% average. Last year at this time, 30-year rates averaged 3.07%. A 15-year fixed averaged 2.26% with an average 0.7 point, down from the previous week’s 2.34%. A year ago at this time, the 15-year FRM averaged 2.56%. (Freddie Mac)
Lumber Drops – Lumber prices are falling quickly, and possibly at the right time for the new-home market. Home builder sentiment sank to its lowest level since August 2020, with builders blaming increasing material supply challenges for their outlook, according to a newly released report from the National Association of Home Builders. (REALTORmag)
Median Climbs – The median price of a single-family home rose again in May, to $818,260, up from the previous record of $813,980 set in April, according to figures released Friday by the state Department of Finance. It’s the 8th time California’s housing market has shattered its own record amid the pandemic. (CA Dept. of Finance)
40-Year Option – Ginnie Mae, the government corporation that attracts global capital into the housing finance system to support homeownership for veterans and homeowners throughout the country, will start offering pools of 40-year mortgages in October. (Ginnie Mae)
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