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...
NAR Weekly Newsletter
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One Cool Thing
A Message from CAR President, Ziggy Zicarelli
Dear CAR Member, California has experienced a series of devastating wildfires across the state this summer, and as I write this, there is a fire burning out of control in San Bernardino County. In the wake of disastrous wildfires in 2003, C.A.R. established the C.A.R...
CAR Market Matters
Talking Points Lower interest rates failed to offset strong seasonal price increases, making it harder for Californians to purchase a home in the second quarter of 2016, the CALIFORNIA ASSOCIATION OF REALTORS® reported. The percentage of home buyers who could afford...
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NAR Weekly Newsletter
Check out this week's NAR REALTOR Newsletter
Fireproofing Homes in Fire-Prone Areas
Source: KPCC Radio Six million people live in fire prone areas, and that number is likely to grow as the state’s population increases, according to the research group Climate Central. Additionally, many firefighters and scientists think fires in the West will likely...
CAR Market Matters
Talking Points The score for the Housing Market Index rose this month along with the rankings for the housing market’s single family sales (current and within the next six months). Despite this, the ranking for traffic of prospective buyers decreased again, according...