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Housing Could Buoy the Economy in 2020

November 25, 2019

Fannie Mae economists have upgraded the economic outlook for the coming year, and a big reason behind that is expected growth in the housing market. Housing added to economic growth in the third quarter for the first time in more than a year and a half. That momentum will likely continue in the fourth quarter […]

Filed Under: At A Glance, Government Affairs Tagged With: #CVARataglance, #Cvarmember, #CVARmembers, affordability, consumer spending, cvarconnect, economic outlook, economy, Fannie Mae

What ‘Affordable’ Looks Like

October 14, 2019

Communities often oppose “affordable housing” because they think it’s for the destitute. But these days, middle-income earners usually qualify for “affordable housing.” Affordable housing could be more accurately termed “workforce housing.” One REALTOR® describes a difficult transaction that not only involved an individual buyer, but also the local community, which at first opposed her development […]

Filed Under: At A Glance, Government Affairs, Industry News Tagged With: #affordablehousing, affordability, affordable housing, community objections, cvarconnect, HUD, Inman News, middle-class earner, Nashville, workforce housing

Oregon First State to Ban Single-Family Zoning

August 19, 2019

Oregon has become the first state in the nation to require cities with a population of more than 10,000 to permit duplexes in neighborhoods that were once zoned for single-family zoning—or only one home per lot. Oregon Gov. Kate Brown signed four bills into law earlier this month that set out to address the state’s […]

Filed Under: At A Glance, National News Tagged With: affordability, Oregon, REALTOR®Mag, single family home, single-family residence

Income Needed to Buy a Home

July 8, 2019

In the nation’s priciest areas, you’ll need to be in the top 20% to 30% of household earners to afford a median-priced home, according to a study by Zoocasa, a real estate website. Researchers evaluated how much income households need to qualify for a mortgage on a median-priced home in 35 of the largest cities […]

Filed Under: At A Glance, National News Tagged With: affordability, California markets, household income, income needed, median price, Zoocasa

Feb. 19 – CVAR At A Glance

February 19, 2019

Featured Classes and Events Feb. 19 | Mortgage 101 – CVAR East Feb. 21 | Contract College Session 3 Feb. 22 | Understanding Probate – All Locations Feb. 25 | CRMLS Training – CVAR West Feb. 26 | Project Winning Mindset – CVAR East Feb. 27 | How to Generate Leads – Lunch & Learn […]

Filed Under: At A Glance, CVAR News, Education & Events, Industry News, Membership, Video Tagged With: affordability, Citrus Valley Association of REALTORS®, CoreLogic, CVAR at a Glance, CVAR Connect, cvar.net, cvarconnect.com, housing affordability, Remine, REvive 2019, upstreamRE

CA Housing Affordability Inches Up in 4th Quarter

February 19, 2019

Lower seasonal home prices allowed more Californians to afford a home purchase in the fourth quarter of 2018 compared to the previous quarter, but higher interest rates pushed affordability lower compared to the previous year, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said Feb. 12. Twenty-eight percent of California households could afford to purchase the $564,270 […]

Filed Under: At A Glance, Industry News Tagged With: 4th Quarter, affordability, C.A.R., California counties, condominiums, CVAR, cvarconnect.com, HAI, homebuyer, Housing Affordability Index, townhouse

Who’s Coming/Leaving LA?

November 13, 2018

Photo by Laurie Schenden/CVAR Los Angeles’s prohibitively high housing costs are forcing many residents to flee the city for more affordable urban areas, according to a new report from BuildZoom and the Terner Center for Housing Innovation at UC Berkeley. Numerous studies have concluded that the number of people moving out of the city (and all of […]

Filed Under: At A Glance Tagged With: #CVARataglance, affordability, BuildZoom, Leaving LA, Los Angeles residents, moving in, moving out, UC Berkeley

Affordability at 10-Year Low

October 29, 2018

ATTOM Data Solutions released its Q3 2018 U.S. Home Affordability Report, which shows that the U.S. home prices in the third quarter were at the least affordable level since Q3 2008, a 10-year low. The report calculates an affordability index based on percentage of income needed to buy a median-priced home relative to historic averages, with […]

Filed Under: At A Glance, Government Affairs, Industry News Tagged With: #citrusvalley, affordability, ATTOM Data Solutions, cvarconnect.com

Oct. 29 – CVAR At A Glance

October 29, 2018

Featured Classes and Events Nov.   1 | Citrus Valley Caravan Nov.  1 | CVAR Commercial Forum – Free Nov.  1 | Contract College – Session 7 Nov.  2 | First Time Homebuyer – Lunch & Learn Nov.  5 | CRMLS Training – CVAR HQ Nov.  8 | Annuities, The Must-Knows – CVAR HQ Nov. 15 | Real Estate FORWARD – […]

Filed Under: At A Glance Tagged With: affordability, ATTOM, Bill Ruh, client tip, cvarconnect.com, Estimated tax, home inspection, Prop 5, Tax Tip

CA Market & Troubling ‘B’ Word

August 27, 2018

In the California real estate market the “b” word is on the minds of many: Bubble. With reports of sharp declines in home sales, shrinking inventory and rising home prices, it might be an understatement to call California’s situation a puzzle, and one that may have implications for the entire country. June marked the slowest […]

Filed Under: At A Glance, California News Tagged With: affordability, CoreLogic, economy, high-end construction, Home prices, Home sales, inventory, NAR, recession

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