During the coronavirus crisis, the U.S. economy has experienced a record jump in unemployment, record-low mortgage rates and a whipsawing stock market. All of that leaves the housing market in uncharted waters. “Where is the economy headed? How is the government going to play it? Has unemployment peaked?” asks Michael Franco, head of mortgage firm SitusAMC. […]
Rollback Planned on Environmental Regulations
President Donald Trump announced earlier this month that he is rolling back Nixon-era National Environmental Policy Act regulations for how and when authorities must conduct environmental reviews, making it easier to build highways, pipelines, chemical and solar plants and other projects. The 1970 law changed environmental oversight in the United States by requiring federal agencies […]
July 20 – CVAR Connect
CVAR’s COVID-19 Resources REALTORS®: Updates & Guidelines What’s Happening at CVAR under COVID-19 restrictions Latest COVID-19 Updates from C.A.R. Citrus Valley Association of REALTORS® is conducting all business remotely. Meetings and classes presented by CVAR will be online and free of charge (see available classes below). ____________ July 30: Hostess With the Mostest! _____________ Free Online Classes • July […]
5 Credit Myths Agents Should Explain to 1st-Time Buyers
Before first-time homebuyers pull the trigger on buying a new home, they should understand some common misconceptions in the credit reporting industry as they go through the prequalification and preapproval process. Here’s how agents can dismantle the 5 myths: 1. ‘Closing an old account will help my credit’ This might be one of the most […]
Pandemic Rental Property Scam
With the pandemic pushing the industry toward self-showings, renters and property managers could be at an increased risk of falling prey to online scammers. Tracey Hawkins, a real estate safety expert and founder of Safety and Security Source, is warning managers of a new type of fraud specific to rental properties and self-showings — scammers seeking out properties that are […]
Citrus Valley June Sales Snapshot
The Citrus Valley AOR report for the month of June is provided by C.A.R. researchers. “For the most part, the market improved from the previous month just as our early readings had suggested,” said Research Analyst Guillermo Flores. “Here’s a quote from our 2020 C.A.R. President Jeanne Radsick which pretty much sums it all up”: […]
July 13 – CVAR Connect
CVAR’s COVID-19 Resources REALTORS®: Updates & Guidelines What’s Happening at CVAR under COVID-19 restrictions Citrus Valley Association of REALTORS® is conducting all business remotely. Meetings and classes presented by CVAR will be online and free of charge (see available classes below). IRS: July 15 Deadlines! Latest COVID-19 Updates from C.A.R. ____________ 2-Minute Tip: Showings During COVID _____________ Free Online […]
Blacks, Hispanics Pay More Tax, Get Fewer Loans
Black and Hispanic homeowners pay up to 13% more in property taxes in numerous states, according to a joint study by economists from UC Berkeley and Indiana University—but not in California. Last Thursday, LA County Assessor Jeff Prang, a guest on CVAR’s weekly Happy Hour, explained why. “The constitutional mandate is market value,” said Prang. […]
Phase II: Rancho to Vegas Train
A San Bernardino County transportation agency has entered into an agreement with a private company building a high-speed train from Apple Valley to Las Vegas for a 50-mile spur through the Cajon Pass into Rancho Cucamonga. Calling it phase two of the project, the San Bernardino County Transportation Authority board voted unanimously last Wednesday for […]
IRS Tax Deadline July 15
IRS July 15 Deadline: The deadlines to FILE and PAY 2019 federal income taxes are July 15, 2020, an extended deadline that will not be postponed, the Department of the Treasury and IRS announced July 1. Individual taxpayers unable to meet the July 15 due date can request an automatic extension of time to file […]