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 classes below). Online Classes April 12 | CRMLS Training – Matrix Searching 101 April […]
Government Affairs
No Foreclosures Until 2022?
(Orange County Register/SCNG) The Consumer Financial Protection Bureau proposed a new rule last Monday requiring mortgage servicers to delay foreclosure proceedings on principal residences until after Dec. 31. The proposed rule would affect all servicing lenders, not just Fannie, Freddie, FHA and VA servicers that fell under the original CARES Act forbearance mandates. The CFPB […]
April 5 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 classes below). Online Classes April 5 | CRMLS: Marketing Solutions April 6 | DST in […]
6 Tips to Reduce Your Taxes
If a taxpayer can manage their Adjusted Gross Income (AGI) in 2021 to stay below $150,000 (or $75,000, if single), the tax savings related to even small reductions in AGI can be incredible. Here are just a few options for reducing AGI: Maximize contributions to a Section 401(k) plan, reducing wage income. Employees can contribute […]
Moratorium Extended to June 30
The Centers for Disease Control (CDC) announced that it is extending its nationwide eviction moratorium through June 30, 2021 (matching the California moratorium, already in place until June 30. See more details in CVAR Connect). The order was put into place Sept. 4, 2020, but has been challenged in court across numerous states and localities in […]
April 1: REALTOR® Role Prop 19
The second part of Proposition 19 kicks in on April 1. That means that millions of older homeowners, people with severe disabilities and victims of wildfires or natural disasters can achieve significant property tax savings when moving to a new home. Many of these Californians may not even realize they are eligible for the benefits […]
Cities Report – March 2021
REGION With the housing crisis worsening, Los Angeles County is considering a move to convert some struggling commercial properties into affordable housing. The board of supervisors voted in late February to explore options for commercial conversions, with an eye on distressed properties, Commercial Observer reported. The motion directed county staff to gather a list of […]
1.3M New Homes by 2029
Southern California leaders voted March 4 to adopt a new housing plan for the 2020s that will triple its future homebuilding goals. The 64-1 vote by the Southern California Association of Governments – made up of elected officials from 191 cities in six counties – requires local cities and counties to draft plans to zone […]
Congress Passes Stimulus Bill
President Biden signed the $1.9 trillion stimulus package passed by Congress last week, which includes $45 billion in rental, utility and mortgage assistance, with billions more for small businesses and live venues. C.A.R. has advocated for many of the provisions that would provide meaningful relief to REALTORS®, including extensions of Pandemic Unemployment Assistance (PUA) benefits […]
Remote Workers’ Trickier Taxes
As employees prepare to file their 2020 taxes, they may find themselves stuck in a battle among states, with billions of dollars at stake. Because a significant number of Americans worked at home during the pandemic, states may make competing claims to their paychecks. The rules are complex and vary across the country. In some states, […]