One Cool Thing
CAR Market Matters
Talking Points Total mortgage application volume decreased 2.9 percent for the week, seasonally adjusted, according to the Mortgage Bankers Association. That marked the sixth straight week of losses. Applications to refinance a home loan fell 5 percent for the week to...
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...
Dynamex Operations West, Inc. v. Superior Court, Charles Lee, et al. Real Parties in Interest
During the last five years, the challenges to the real estate salesperson independent contractor status have increased. In a case unrelated to real estate, the California Supreme Court has issued a landmark ruling changing the common law factors test for...
One Cool Thing
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 past...
CAR Monthly President’s Message
Dear REALTOR, Thank you to all of you who attended C.A.R.’s Legislative Day in Sacramento earlier this month. Your attendance made it a great success! An unprecedented 2,500 of you turned out to hear Gov. Jerry Brown address us in the morning. Brown spoke about the...
One Cool Thing
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 home...
CA Home Sales Tick Higher in March
California home sales tick higher in March as median price reaches eight-month high Existing, single-family home sales totaled 423,990 in March on a seasonally adjusted annualized rate, up 0.3 percent from February and 1.6 percent from March 2017. March’s statewide...