Shield Yourself from Danger on the Job
A recent NATIONAL ASSOCIATION OF REALTORS® survey reveals that almost 40 percent of REALTORS® have experienced a situation that caused them to fear for their personal safety or the safety of their personal information. Five percent said they were victims of an actual...
One Cool Thing
CAR Market Matters
Talking Points Banks are proactively pushing home equity lines of credit (HELOCs) to homeowners whose properties have regained much of the value they lost during the housing crisis. With rates averaging 4 percent to 7.25 percent, home equity borrowing is regaining...
AB 1381 Amended at Last Minute
Late last week C.A.R. successfully pressed amendments to AB 1381 (Weber) only minutes before the bill's scheduled hearing in the Senate. C.A.R. opposed the bill because it contained surprise amendments added during the last allowable day in the Senate, its second...
California Supreme Court to Hear Dual Agency Case
The California Supreme Court heard oral arguments last Wednesday in a case, Horiike v. Coldwell Banker, that is being closely followed by the real estate industry, including C.A.R. “At its core, the Horiike case is an issue of a buyer not reading all of the...
One Cool Thing
CAR Market Matters
Talking Points Distressed sales, which include REO and short sales, accounted for 8.4 percent of total home sales nationally in May 2016, down 2.1 percentage points from May 2015 and down 1 percentage point from April 2016. Within the distressed category, REO sales...
September 2016 zipForm® webinars from C.A.R.
The California Association of REALTORS® offers FREE training online for the software you use every day to close your transactions. Here's what's coming this September: (Please note: If you cannot attend the live webinar, sign up anyway and we'll send you a link to the...
CFBP Expands Foreclosure Protections
Earlier this month, the Consumer Financial Protection Bureau (CFPB) finalized measures that should help struggling borrowers. The new rule, most of which takes effect 12 months from publication (some parts in 18 months), provides certain borrowers with foreclosure...
CAR Market Matters
Talking Points Total mortgage applications, including for refinancings and home purchases, dropped 2.1 percent on a seasonally adjusted basis last week as rates rose slightly, the Mortgage Bankers Association reported this week. Nevertheless, mortgage application...