Legislative Update

AB 1289 (Arambula) and AB 2884 (Irwin), C.A.R.’s sponsored legislation to update the real estate law, are both pending in the Senate. In 2016, C.A.R. successfully sponsored AB 685 (Irwin), which made some necessary technical corrections to the Real Estate Law...

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CAR Market Matters

Talking Points There was a 2.6 percent drop in total mortgage application volume last week, according to the Mortgage Bankers Association's seasonally adjusted report.  Volume was 10.5 percent lower than a year ago. Refinance volume has been falling for the past...

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CAR Monthly President’s Message

Dear REALTOR, Thank you to all of you who attended C.A.R.’s Legislative Day in Sacramento earlier this month. Your attendance made it a great success! An unprecedented 2,500 of you turned out to hear Gov. Jerry Brown address us in the morning. Brown spoke about the...

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CAR Market Matters

Talking Points Mortgage application volume fell 2.7 percent last week, according to the Mortgage Bankers Association's seasonally adjusted report.  Volume was 4.5 percent lower than a year ago. The weakness was most pronounced in applications to refinance a home...

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CA Home Sales Tick Higher in March

California home sales tick higher in March as median price reaches eight-month high Existing, single-family home sales totaled 423,990 in March on a seasonally adjusted annualized rate, up 0.3 percent from February and 1.6 percent from March 2017. March’s statewide...

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CAR Market Matters

Talking Points Total mortgage application volume fell 0.4 percent for the week, according to the Mortgage Bankers Association's seasonally adjusted report. Volume was 6 percent lower than a year ago. Refinancing applications fell 1 percent for the week and were 18...

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