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CAR Market Matters

Talking Points … Mortgage rates hovered at their lowest levels of the year for the third straight week this week, according to a survey published Thursday by Freddie Mac. The average 30-year fixed-rate mortgage stood at 4.1 percent for the week ending Wednesday, according to Freddie’s survey. One of the bigger surprises of 2014 may be that mortgage rates might end the year lower than they began, at around 4.5 percent, even as the Federal Reserve has gradually pared back its purchases of mortgage-backed securities. Mortgage refinancing has largely subsided because even though mortgage rates... Read more »

The Home Buyers of Tomorrow – What Millennials Really Want

Millennials are one of the largest segments of our population, but do you know what they want in a home? They are now into their early 30s and entering their prime wage earning years. How many are renters? How many are homeowners? What do they look for in a home? How do they find an agent? Find out the answers to these questions and more during a free C.A.R. webinar on Thursday, Sept. 25, at 2 p.m. when the results of C.A.R.’s 2014 Millennials Survey are revealed. Register today  Read more »

Top 10 Member Benefits at REALTOR® EXPO 2014

The largest real estate trade show in California is next month at the Anaheim Convention Center. From October 7 – 9, you’ll have the opportunity to attend more than 30 free sessions, participate at numerous paid courses, and interact with 200+ exhibitors. There is something for everyone at One Cool EXPO. Here are the 10 top reasons to attend this year: It’s FREE to REGISTER – Don’t miss three days of excitement where you can LEARN, NETWORK, and PLAY. Networking Kickoff Event – Network with industry professionals and map out the rest of your week at One Cool EXPO. Tuesday, 4 p.m. to... Read more »

CAR Market Matters

Talking Points … Despite ultra-low interest rates, California’s real estate market continued to underperform in July, with pending home sales posting lower for the fourth straight month.  At the same time, equity home sales improved further, as both short sales and REO sales continued to decline, according to the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.). California pending home sales fell in July, with the Pending Home Sales Index (PHSI) dropping 2.3 percent from 107 in June to 104.5 in July, based on signed contracts.  The month-to-month drop was consistent with seasonal trends. ... Read more »

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