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...

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...

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...