2014 California Housing Market Update

The California housing market has been underperforming in the first half of 2014.  So, what’s going on?  Is it tight supply or lack of affordable housing?  Get the latest update on the California’s housing market. C.A.R.’s senior economist, Selma Hepp, also shared her insights on demographic and economic changes that may be impacting California’s housing market. C.A.R.’s preliminary results of the 2014 Annual Housing Market Survey were also introduced. Download presentation View video  Read more »

One Cool Thing

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CAR Market Matters

Talking Points … Pending home sales slowed modestly in August but contract signings remain at their second-highest level over the past year, according to the NATIONAL ASSOCIATION OF REALTORS®. All major regions experienced declines except for the West, which rose for the fourth consecutive month. Existing-home sales are expected to be stronger in the second half of the year behind improved inventory conditions, continuously low interest rates and slower price growth. Lawrence Yun, NAR chief economist, forecasts existing-homes sales to be down 3.0 percent this year to 4.94 million, compared... Read more »

Use the Finance Helpline!

Do you have a finance issue that is making your deal go sideways?  Have a limited amount of time to resolve your problem? C.A.R. has the answer for you and to save your transaction… the Finance Helpline.  Connecting you to reliable lenders and servicers, the Finance Helpline provides you with priceless one-on-one assistance for all your financial concerns. From short sales, funding, REOs, deeds-in-lieu, and more, the Finance Helpline is your solution to any transactional finance matter. This invaluable member benefit is easy to use and is free for all C.A.R. members. There are three ways you... Read more »

New 2015 Laws Affecting REALTORS®, Part One

No record retention requirement for text messages and tweets – C.A.R. sponsored legislation Under existing law, a broker must retain for three years copies of all documents executed by him or her or obtained by him or her in connection with any transactions for which a real estate broker license is required. This new law, sponsored by C.A.R., excludes from this record retention requirement electronic messages of an “ephemeral nature” such as text messages, instant messages, and tweets (unless designed to be retained or to create a permanent record). The new law, however, does not clearly... Read more »

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