The FHFA directed Fannie Mae and Freddie Mac to delay the implementation date of their .05% Adverse Market Refinance Fee from Sept. 1 until Dec. 1, but C.A.R. says the damage has been done. “While delaying the implementation of this fee may be helpful to lenders, it does nothing to mitigate the damage and cost […]
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 […]
C.A.R. recommends that REALTORS® who are independent contractors should wait for the California Employment Development Department (EDD) to launch its new Pandemic Unemployment Assistance (PUA) application before filing for unemployment compensation. However, if you might be eligible for benefits under the regular unemployment compensation system, you should apply now. California Labor Secretary Julie A. Su […]
California REALTORS® are urging the Legislature to act swiftly on SB 50, which would help address the state’s housing shortage and affordability crisis, before Jan. 31 deadline. C.A.R. issued a statement stating that the association stands with Sen. Scott Wiener (D-San Francisco), Sen. Nancy Skinner (D-Berkeley), mayors and other housing advocates “who are united in urging […]
Two events in November will help prepare you for 2020, one hosted by C.A.R. at Victoria Gardens in Rancho Cucamonga on Nov. 13, the other at CVAR in Glendora on Nov. 14, featuring C.A.R. experts with economic and legal updates, along with other industry leaders on planning for success in 2020. Nov. 14 – Real […]
Below are the July statistics for areas serviced by Citrus Valley Association of REALTORS®. Compare this to statewide statistics in the bottom figure. All information is provided to CVAR by the California Association of REALTORS®.
C.A.R. produces snapshots of Existing Home Sales for areas served by members of Citrus Valley Association of REALTORS®.
In a move that could make paperless transactions even more mainstream, residential real estate software firm Lone Wolf announced that it has acquired zipLogix™️, a transaction management platform. ZipLogix, a REALTOR Benefits® Program partner, provides electronic forms and e-signature solutions to the real estate industry. The National Association of REALTORS®’ (NAR) existing agreement with zipLogix to […]
As the DRE weighs in on “Coming Soon” advertising, they implore agents to, “Be Sure to Maintain Fiduciary Responsibility for Your Client or Face Civil and Regulatory Liability.” The Department of Real Estate has included in its 2018 Winter Real Estate Bulletin an article which discusses the risks of “Coming Soon” marketing. It includes a statement of […]
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 […]