Households happy with their homes before the pandemic have grappled with the compromises they made during the home shopping process. That has sparked a wave of buyers emerging as stay-at-home restrictions lifted—and many of those households have decided to trade up. Prior to the pandemic, house hunters were focused on amenities such as granite countertops, […]
Industry News
Sept. 14 – 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 at CVAR • Sept. 14 | CRMLS Training – Manage Listings • […]
Eviction Moratorium for Tenants, Landlords
The Trump Administration’s new eviction moratorium, announced Sept. 1, gives the Centers for Disease Control and Prevention (CDC) authority to bar landlords from evicting most tenants for non-payment of rent through Dec. 31. The moratorium coincides with legislation signed Aug. 31 by Gov. Gavin Newsom (see details here). The new rules, which go into effect as […]
Summary of CA Rent Relief Law
The following is a brief summary of the Rent Relief Law signed Aug. 31 by Gov. Gavin Newsom. It coincides with the eviction moratorium announced by President Donald Trump on Sept. 1. California Tenant Relief Act: When a tenant has not paid rent for any period between March 1, 2020, and Jan. 31, 2021, the COVID-19 […]
Building Exceeds Expectations
Housing starts and permits shattered expectations in July, both hitting recent highs for residential construction. According to the U.S. Census Bureau and the Department of Housing and Urban Development, starts spiked 22.6% from the revised June estimate — the largest month-over-month gain since October 2016. That annualized pace is up 23.4% from July 2019, and […]
CVAR Monthly Market Report
C.A.R. Research Analyst Guillermo Flores says that overall, the market in CVAR’s region continued improving from the previous months and the same time last year. “While we expect the selling season to extend past its typical months, the continued shortage of active listings will likely slow market activity in the months ahead, after all you […]
Is Amazon Interested in Zillow?
Zillow is having a good August. After the real estate technology company announced better-than-expected earnings numbers, its stock soared by almost $14 per share. The boost probably made a lot of investors happy, but the collateral impact was that it also pushed Zillow’s market capitalization — or the company’s value — into the neighborhood of […]
What Buyers Want Now
The sudden change in lifestyle during the pandemic has had a major impact on homebuyers’ needs and expectations. Point2, a real estate news and market survey resource, mapped out the current profile of the U.S. buyer and compared housing preferences and priorities of home seekers before and after the pandemic lockdown. Researchers examined five months’ […]
6 Habits to Adopt Now If You Want to Build Wealth
The key to finding opportunity in a time of economic uncertainty is to think long-term, according to Jay and Wendy Papasan, the husband-and-wife founders of Keller Williams’ Papasan Properties. While many across the country struggle with unemployment and significant cuts to income, those who are working and thinking about real estate investment should take a […]
Buyers Waiving Contingencies
The pandemic and high unemployment rate haven’t slowed the housing market. With homebuyers facing heightened competition this summer for a limited number of homes for sale, some have decided to try to gain an edge by waiving contingencies to make their offers more competitive. In June, Redfin reports that nearly 20% of successful offers submitted […]