In 24 of the 50 largest U.S. metros, buying a starter home now costs less per month than renting a similar-sized unit. As rents continue to hit new highs and mortgage rates remain low, Realtor.com® released the numbers in its Monthly Rental Report for July last week. “Sky-high rents and historically low interest rates have […]
Changing Remote Worker Policies Killing Deals
Would-be homebuyers are dropping out of deals thanks to suddenly changing work-from-home (WFH) policies. Since mid-April as new cases of COVID-19 decline, employers across the country are reconsidering work-from-home policies, and in some cases abruptly reversing plans for permanent remote work or, instead, adopt hybrid work models. “My team has had two [deals fall through] […]
Aug. 30 CVAR Connect
We Care About Your Safety! REALTOR® Safety Day Live Stream Sept. 10 – Sign Up Now! As wildfires rage out of control in California (see update on local fires), we are reminded how real estate professionals can make a difference for communities in times of crisis or disaster. To learn more, join us for the […]
Local Fire Update – As of Sunday
As of Sunday evening, the Chaparral fire was 13% contained, up from 10% Sunday morning, Cal Fire said. The blaze had burned 1,500 acres — up from 1,425 acres Sunday morning. At least one firefighter had what was described as a minor injury. Fire officials have not said how it occurred. Firefighters were battling the flames from […]
RentSpree Integrates With MLSs
Fresh off a successful funding round, rental software startup RentSpree has teamed up with CRMLS and TheMLS, two Southern California-based multiple listing service providers. The full integration went live on Aug. 24 in CRMLS’s Matrix, Paragon, Flexmls, and Rapattoni systems. CVAR members were introduced to RentSpree as a sponsor of Real Estate REvive earlier this […]
Agents Get Asked: Is This Condo Structurally Sound?
Real estate professionals across the country are grappling with concerns about the structural soundness of aging multifamily buildings more than a month after the deadly collapse of a Florida condo building where 98 died. Just last week, it was reported that the 60-story luxury tower in San Francisco, which sank 18 inches and leaned 14 […]
Home Starts Down, Permits Up
U.S. housing starts declined more than expected in July, adding to evidence that supply and labor constraints are holding back home construction while demand has slowed. Residential starts dropped 7% last month to a three-month low 1.53 million annualized rate, according to government data released Wednesday. Building permits, however, climbed 2.6% in July due to […]
Your Vaccination Record: Get It, Prove It, Digitize It
As California sees coronavirus case numbers creep up and the delta variant continue to spread, more businesses and government officials are requiring that residents show proof of vaccination to enter certain spaces. How to prove your COVID-19 vaccination: Here are some options for what you can show to prove you’re vaccinated if someone asks, according […]
Aug. 16 – CVAR Connect
Classes & Events COVID Vaccine Clinic at CVAR This Tuesday! CVAR is hosting a free community COVID vaccine clinic Aug. 17 (2nd shot Sept. 7) at our Glendora location. If you haven’t gotten the COVID-19 vaccine, now is your chance! Click here for more details. Click here for downloadable flyer. __________ Deadline Nears: Weekly Ethics Classes CVAR will hold free […]
Is Your Client Watching You?
Nearly a third of homesellers in a recent survey said they have used hidden cameras during showings. In some cases, it’s to spy on their own agents. While a small number of these sellers said they always leave their cameras on for security reasons, others admitted to using hidden cameras to get a better idea of […]