Short sale tax break signed into law
Source: Housingwire Homeowners who had short sales in 2014 can now breathe a giant sigh of relief, as the Mortgage Debt Forgiveness Act was signed into law by President Barack Obama. Under the Mortgage Debt Forgiveness Act, any mortgage forgiveness achieved in a short...
Piggyback Loans Revisited
Source: The New York Times “Piggyback loans” are readily available once again, but not in the form that allowed many borrowers to buy homes with no money down before the housing crash. These mortgages are essentially a two-loan package — one “piggybacks” on the other...
Share with Clients
Market Snapshot: Housing Affordability Challenges for the Younger Generation and First-Time Buyers Housing affordability differs between age groups, as their financial characteristics vary. Potential homebuyers aged 30 and under are the ones who face the biggest...
CAR Market Matters
Talking Points … California’s pending home sales slowed down in November as seasonal factors kicked in and shrinking housing affordability remained an issue, according to the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.). California pending home sales dropped in...
Changes to California Code of Ethics and Arbitration Manual for 2015
The California Code of Ethics and Arbitration Manual, which is incorporated into your Association Bylaws and is therefore binding on you, has been extensively revised for 2015. This notice describes the key changes that have been made to the Manual. New Procedure for...
NAR Weekly Newsletter
Check out the most recent NAR REALTOR Newsletter
One Cool Thing
CAR Market Matters
Talking Points … Slower price gains and the lowest interest rates in nearly two years did little to spur November home sales as low housing affordability and tight supply conditions remained obstacles to entering the market for would-be buyers, according to the...
Monthly Message from CAR President
Dear Heather, This year is ending on a high note with some very good news for the economy, REALTORS®, and California homeowners and home buyers. Late last month, the Federal Housing Finance Agency (FHFA) announced it will keep the 2015 maximum conforming loan limits...
NAR Weekly Newsletter
Click here to view the most recent REALTOR Newsletter from NAR