One Cool Thing

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CAR Market Matters

Talking Points … Lower interest rates and minimal home price gains kept California’s housing affordability in check in the third quarter of 2014 and even helped improve affordability in some high-cost counties in the San Francisco Bay region, according to the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.). The percentage of home buyers who could afford to purchase a median-priced, existing single-family home in California in third-quarter 2014 was unchanged from the 30 percent recorded in the second quarter of 2014 but was down from a revised 32 percent in third-quarter 2013, according to... Read more »

Upcoming Webinar: “2014 Annual Housing Market Survey- An Overview of the California Housing Market”

Date: Thursday, December 4, 2014 Time: 2:00 PM – 3:00 PM PST Register here, space is limited. The Annual Housing Market Survey offers a comprehensive look of the recent developments in the California housing market. In this webinar, C.A.R. Research and Economics department will share with you our latest survey finding including insights on first-time buyers and international buyers, financial aspects of the housing environment, sales trends of the distressed and non-distressed markets, and statistics on other consumer demographics.  Read more »

The Following Member Legal Q&As Are Either New or Revised

Please take time to review the following new or revised Member Legal Q&As.  The C.A.R. Legal Page is one of the most visited pages of the C.A.R. website  and provides valuable legal information for your practice. Fictitious Business Names Q&A (revised October 23, 2014) Defamation: What Not to Say Q&A (revised October 8, 2014) Statute of Limitations: Deadline on Time to Sue Q&A (revised September 26, 2014) Buyer Representation Agreements: Q&A for Consumers Q&A (revised September 2, 2014) Buyer Representation Agreements (C.A.R. Forms BRE, BRNE, BRNN) Q&A (revised... Read more »

CAR Market Matters

Talking Points … Mortgage applications dropped again this week, falling 2.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending October 31, 2014). The Market Composite Index, a measure of mortgage loan application volume, decreased 2.3 percent on a seasonally adjusted basis from one week earlier.  On an unadjusted basis, the Index decreased 3 percent compared with the previous week. The Refinance Index decreased 6 percent from the previous week.  The seasonally adjusted Purchase Index increased... Read more »

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