CAR Market Matters

Talking Points … According to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2013 Renter Survey,” renters continue to hold homeownership in high esteem, and it remains a goal for the majority of them. Nearly three-quarters of renters rated homeownership as...

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CAR November Standard Forms Release

C.A.R.'s November 2013 Standard Forms Release will be available the week of November 25. We have 3 new and 23 newly revised standard forms that REALTORS® will be able to access through zipForm®. We will provide a new Seller Multiple Counter Offer (SMCO) for a seller...

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CAR Market Matters

Talking Points … According to the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.), California home sales declined for the third straight month in October, while sales of condominiums and townhomes continued to be strong. Economic uncertainty surrounding last month’s...

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Update on Mortgage Debt Forgiveness

CAR has been working with California Sen. Barbara Boxer to protect distressed homeowners from debt relief income tax associated with a short sale in California.  As part of this effort, Sen. Boxer requested the Internal Revenue Service (IRS) to provide guidance on...

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Warning on RESPA Enforcement Actions

The Consumer Financial Protection Bureau (CFPB) has recently started taking enforcement actions against illegal referral fees in violation of the federal Real Estate Settlement Procedures Act (RESPA). This serves as a good reminder for real estate agents to understand...

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CAR Market Matters

Talking Points … According to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) Traditional Housing Affordability Index (HAI), the percentage of home buyers who could afford to purchase a median-priced, existing single-family home in California dropped to 32 percent...

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Flood Insurance Premium Increase

Effective October 1, 2013, subsidized flood insurance premiums are being phased out for certain properties that have not been elevated, but are located within a Special Flood Hazard Area. Additionally, starting last year, buyers of these properties are no longer being...

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November CAR Standard Forms Release Scheduled

The following forms are scheduled for revision the week of November 25, 2013. zipForm® Plus and zipForm® 6 Professional users will see the new forms automatically.  Below is the list of forms scheduled for revision. Click here to view the Quick Summary of the changes....

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