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Confidence Down? Consumer Searches for These Topics Surge

August 17, 2020

As we reported in CVAR Connect a couple weeks ago, Fannie Mae’s monthly Home Purchase Sentiment Index showed that respondents who thought it was a good time to buy a home decreased from 61% to 53%. Despite that decline in confidence, the pandemic has both increased and altered demand for housing, and it has also […]

Filed Under: CVAR Connect, Pro Tips Tagged With: confidence, cvarconnect, Fannie Mae, First-time buyer, foreclosure, Google Search, migration, Pandemic, refinance

Nov. 12 CVAR At A Glance

November 12, 2019

Featured Classes and Events Nov. 12 | Probate Process From A to Z – Atty. Paul Horn Nov. 12 | CRMLS Training – Free – CVAR East (Rancho Cucamonga) Nov. 13 | New Member Orientation – All locations Nov. 13 | zipForm® Basic – All locations – Free Nov. 14 | Real Estate FORWARD Micro-Conference & […]

Filed Under: At A Glance, Education & Events, Pro Tips, Video Tagged With: #Cvarmember, #REevents, Amazon Alexa, Curbed, First-time buyer, Google Home, Real Estate FORWARD, smarthome device, TransUnion, Zillow

New FHA Loans: Some See Risks, Others Revival

August 26, 2019

The Trump administration is vastly expanding the scope of condominium purchases eligible for lower-down-payment loans. The move, announced Aug. 14 by the Federal Housing Administration, could help revive the entry-level condo market for first-time buyers because FHA-backed loans require only a 3.5% down payment and lower credit score than conventional loans. It also loosens financial-crisis-era […]

Filed Under: At A Glance, Government Affairs Tagged With: Ben Carson, condo loan, condominum, Department of Housing and Urban Development, FHA, First-time buyer, Trump Administration, Wall Street Journal

FHA Promises Condo Flexibility

June 10, 2019

Federal Housing Administration Commissioner Brian Montgomery recently told attendees at the National Association of REALTORS® meetings in Washington D.C. that the agency is working to revise its condominium approval rules and expects a final rule to be announced soon. Montgomery called condos a “mainstay of affordable housing” for seniors and first-time buyers. Among the proposed […]

Filed Under: At A Glance Tagged With: affordable housing, Ben Carson, Brian Montgomery, condo, FHA, First-time buyer, HUD standards, N.A..R., Washington D.C.

Good/Bad News 2019 Inventory

January 22, 2019

It’s a good news/bad news scenario for home buyers next year, according to Realtor.com. The sort-of good news: Inventory is expected to rise nationally, but only by less than 7 percent. And most of the new listings will be high-end houses in expensive housing markets rather than property affordable to first-time buyers. More sort-of good […]

Filed Under: At A Glance, Industry News, National News Tagged With: affordable, Citrus Valley Association of REALTORS®, CVAR, CVAR Connect, cvar.net, cvarconnect.com, First-time buyer, high-end market, housing inventor, Interest rates

Client Tip: 5 Questions a Homebuyer Must Ask

July 9, 2018

Buying a first home is exciting. It’s the American Dream, a societal benchmark of success and stability. However, with such a big decision, it can be easy to get caught up in the hustle, especially in California, where real estate is booming. To keep your clients from making an emotional decision they may regret, have […]

Filed Under: At A Glance, Client Tips, Pro Tips Tagged With: Ask why, buyer questions, client tip, CVAR, CVAR at a Glance, CVAR Connect, cvar.net, cvarconnect.com, First-time buyer, Forbes, home buying

Supply Stuck, Buyers Tripped Up

July 31, 2017

As buyers faced fewer options and record-high real estate prices, low inventory slowed down home sales last month. “Closings were down in most of the country last month because interested buyers are being tripped up by supply that remains stuck at a meager level and price growth that’s straining their budget,” says NAR Chief Economist […]

Filed Under: At A Glance, California News, Government Affairs, Industry News, Pro Tips Tagged With: cvar.net, demand, distressed sales, First-time buyer, Home sales, inventory, record prices

May 15 CVAR At A Glance

May 15, 2017

  Featured Classes and Events May 15 | CRMLS Training – West – Free May 16-17 | Green Home Designation Training – Free! May 18 | Caravan West – Tax-Free Retirement – Free! May 19 | How to Complete HUD Sales Contract – Free! May 19 | Lunch & Learn – Special Loan Programs – […]

Filed Under: At A Glance, California News, CVAR News, Education & Events, Government Affairs, Industry News, Pro Tips Tagged With: #CVARNewswire, cvar.net, Egypt Sherrod, Events, Fannie Mae, First-time buyer, Helpline, HOA assistance, Legislation Day, Market At A Glance, Mothers Day, NAHREP, Ransomware, Sacramento

First-Time Buyers Skipping ‘Starter Homes’

July 25, 2016

The “starter home” trend may be fading in real estate. Prior to the housing bubble, first-time buyers with average incomes would shop for a more affordable, smaller house with the idea of moving on to a larger home in a few years. Today’s first-time buyers want a home that meets their needs now and in […]

Filed Under: At A Glance, CVAR News, Industry News Tagged With: Bank of America survey, BuildZoom, cvar.net, cvarconnect.com, First-time buyer, Realtor Magazine, starter homes

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