CAR Market Snapshot
C.A.R.’s monthly Market Snapshot offers REALTORS® information about the current market and provides consumer-friendly charts and graphs. Market Snapshot is formatted as a PDF, which members can customize with their photo, contact information, and other useful...
Foreclosed Americans Find Way Back to Homeownership
Data is not available, but interviews with lenders, builders, REALTORS®, and consumers suggest that a growing number of Americans are getting back into the housing market, even though they went through a foreclosure, bankruptcy, or short sale in recent years. Read the...
Home Prices Lowest Since 2002
Home prices hit new post-bubble lows in March, according to a report out Tuesday. Average home prices were down 2.6% from 12 months earlier, according to the S&P/Case-Shiller home price index of 20 major markets. Home prices have not been this low since mid-2002....
Speeding Up Short Sales
Beginning June 15, the Federal Housing Finance Agency, which regulates Fannie Mae and Freddie Mac, will require both agencies to give short-sale buyers a final decision within 60 days. Making sense of the story Under this same guideline, Fannie Mae and Freddie Mac...
Code of Ethics and Standards of Practice of the NATIONAL ASSOCIATION OF REALTORS® – Article Nine
Where the word REALTORS® is used in this Code and Preamble, it shall be deemed to include REALTOR-ASSOCIATE®s. While the Code of Ethics establishes obligations that may be higher than those mandated by law, in any instance where the Code of Ethics and the law...
Income to Qualify for Mortgage Well Below U.S. Median
The amount of income needed to qualify for a mortgage is well below the median income in most parts of the U.S., according to NAR data. NAR found that the national median family income was $61,000 in the first quarter. If a buyer wanted to purchase a home at the...
CAR 2012 Consumer Advertising Campaign Now Airing
The CALIFORNIA ASSOCIATION OF REALTORS®’ 2012 consumer advertising campaign, “California REALTORS®. Champions of Home,” may now be seen or heard across California on TV, radio, and online. The campaign continues to raise awareness of the REALTOR® brand and reinforce...
Code of Ethics and Standards of Practice of the NATIONAL ASSOCIATION OF REALTORS® – Article Eight
Where the word REALTORS® is used in this Code and Preamble, it shall be deemed to include REALTOR-ASSOCIATE®s. While the Code of Ethics establishes obligations that may be higher than those mandated by law, in any instance where the Code of Ethics and the law...
CAR Fights Fraud with New Video PSAs
In response to reports of increasing mortgage fraud, C.A.R. has created public service announcements (PSAs) to educate homeowners and warn consumers about the risks of being scammed by third parties, such as those that promise loan modifications for an up-front fee,...
FHA Webinars for REALTORS
FHA, through its National Servicing Center, is looking to close the education and communication gap between FHA servicers and real estate professionals to aid FHA borrowers in the preforeclosure process (otherwise known as the short sale). The webinars are designed...