REALTOR Update
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June 2017 New and Revised Forms Release Info
The Standard Forms Advisory Committee (SFAC) will be releasing four new and fourteen revised forms this week. The new forms are all related to rental properties. Of the fourteen revised forms, eight are listing agreements. The drafts of the New and Revised...
One Cool Thing
CAR Market Matters
Talking Points The 30-year fixed mortgage rate fell for the fourth consecutive week and hit its lowest level in nearly seven months, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS) for the week ending June 8. The 30-year fixed-rate mortgage (FRM)...
HAF Library Available in zipFORM® Plus
Some users may have noticed that the HAF Library was not available last month for a brief time. Thanks to the HAF Committee, the HAF Library once again became available inside zipForm® as a C.A.R. member benefit. In November, 2002, CALIFORNIA REALTORS® unveiled the...
2016 Annual Historical Data Summary
C.A.R.’s Annual Historical Data Summary Report tracks trends in California's housing market from 1968 to present. This report provides historical data of California’s housing market including single-family and condominium home sales, pending home sales, housing...
One Cool Thing
CAR Market Matters
Talking Points Mortgage applications increased 7.1 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending June 2, 2017. This week's results included an adjustment for the...
Homeowners cash in on equity in droves
In the first quarter of 2017, nearly half of refinance borrowers took cash out, up from 44 percent in the fourth quarter of 2016, according to Freddie Mac. This is the highest share since the fourth quarter of 2008, but still below the peak of 89 percent in the third...
A message from C.A.R. President Geoff McIntosh
Fellow REALTOR®, No doubt you’ve heard about Zillow Group’s “Instant Offers” pilot program for home sellers where, with or without an agent, homeowners can entertain instant offers and sell their home quickly. This program – which is essentially a new take on another...