CVAR Online Classes
July 19 | CRMLS Training – Cloud CMA
July 20 | Disclosures w/ Atty. Ed Estes
July 20-22 | NCREA Commercial Prospecting
July 21 | Tax-Saving Tips for Real Estate
July 22 | Utilizing DST in 1031 Exchange
July 23 | License Renewal, REVEI ($85)
Aug. 5 | Real Estate REvive Virtual Conference – Still Only $19!
News & Featured Articles
2nd Quarter Market Reports Available!
Create an instant report for clients with
the latest information for 3 counties:
Los Angeles – Riverside – San Bernardino
CVAR Snapshot – June 2021
Our exclusive monthly report for CVAR members from C.A.R. Analyst Guillermo Flores says that the market remained strong in June, with sales recording another 28.3 percent increase from last year. We also set a new record high in median price for the fourth consecutive month. There are signs of slowing down, however.
Cities Report – July 2021
Self storage in Azusa; Transit Center completed in Baldwin Park; water treatment facility in Chino; Claremont landscaping; La Verne adopts spending plan; Ontario drone tests; Pomona loses police; Walnut Avenue construction in San Dimas; South El Monte helps stranded circus; Upland adds police, and West Covina plans budget.
Return of Risky Mortgages?
Mortgage payments that grew more expensive over time were one of the main culprits of the housing bust that led to a worldwide, financial disaster in the mid-2000s. And now one of the types of loans that defined that era is staging a comeback. What do you and your clients need to know?
REdfin CEO: Damage of Pocket Listings
In 2019, NAR moved to ban so-called pocket listings, where real estate agents tell only a select group of buyers about a home for sale. Since then, the number of homes sold without being marketed to the public has increased 67%. Redfin CEO Glenn Kelman argues for doing away with the policy. (See related article below)
Latest NAR Legal Battles
A Department of Justice letter offers the first clue that the Clear Cooperation Policy may be part of a ‘broader investigation’ into National Association of REALTORS® rules; NAR and Zillow are attempting to get an antitrust lawsuit filed by REX Real Estate tossed.
Real Estate REvive Conference Aug. 5!
Registration is open now for Real Estate REvive Virtual Conference on Aug. 5, 2021!
Go to realestaterevive.com to sign up – still only $19 for the entire day!
See the impressive lineup of REALTORS®, innovators and leaders, including NAR economic and legal experts, who will keep you informed, inspired and ready to thrive!
See the speaker lineup at realestaterevive.com!
Admission remains $19 for the entire conference — thank our sponsors for helping to keep it that way!
Refi Fee Axed – The Federal Housing Finance Agency (FHFA) announced Friday that it is officially axing Freddie Mac and Fannie Mae’s controversial adverse market refinance fee, effective Aug. 1, 2021. Lenders will no longer be required to pay the Enterprises a 50-basis point fee when they deliver refinanced mortgages. The fee was designed to cover losses projected as a result of the COVID-19 pandemic. (FHFA)
Inland Empire Record – Riverside-San Bernardino is among the nation’s 50 largest markets (tied with Tampa, FL and second behind Austin, TX), saw some of the biggest price gains over last year, rising by 19.6%. Austin’s price growth is up 34.3% year-over-year. Listing price growth in the biggest U.S. metros is moderating more quickly than the national pace, increasing 5.3% year-over-year in June, below the growth levels seen in May (+7.4%) and April (+11.6%). (RE Technology)
REALTOR® Relief – NAR announced the REALTORS® Relief Foundation’s (RRF) 20th Anniversary Campaign, a fundraising effort for the RRF, which helps families affected by natural disasters, providing housing-related financial assistance to victims. For details or to donate to the foundation click here.
Mask Update – The Los Angeles County Department of Public Health for each city and unincorporated area of Los Angeles County have a new mask mandate that went into affect Saturday, July 17. As the number of Covid cases surge in the city, everyone is now required to wear a mask indoors at public spaces, even those who’ve been vaccinated. Click CVAR’s COVID-related news below for more association-related updates. (L.A. County)
CVAR’s COVID-related News: Click Here! COVID-19 news from C.A.R.: Updates from C.A.R. ; and Forms & Showing info.
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REALTORS®: Invest in Your Business!
Housing rights aren’t automatic. Our state and national associations spend a lot of time and money informing legislators about what’s good for homeownership, our industry and ultimately for housing all of our citizens! Don’t overlook your ability to help shape the future of the industry–and the laws that govern it. A $20, $148, or $10,000 level of investment by you will help our REALTOR® Party fight for homeownership! Click Here
In Case You Missed It…
Listing: What Sellers Should Know
Homes are selling fast and for a premium—but that doesn’t mean a seller can jump into the market ill-prepared. Helping your client know what to expect can position them to make the most of this seller’s market.
Housing, Water on Collision Course?
Housing advocates and developers are warily watching California’s intensifying drought and what it may mean for the state. Millions more homes are needed to house residents, yet 85% of California is experiencing extreme drought conditions.