CAR Co-Sponsors Legislation to Increase Housing Supply
California is experiencing a dire housing shortage because it fails to build enough residential units to meet the demand. The state ranks 49th in the number of housing units per resident and in 2018 had a rental vacancy rate of 4.4%. Job growth continued to outpace...
One Cool Thing
A message from C.A.R. President Jeanne Radsick
Dear CAR Member, Happy New Year! A new year, and with it, brings new beginnings and new opportunities. I’m looking forward to meeting the challenges that invariably present themselves as the new year gets underway. Speaking of challenges, last month I told you about...
FHA, Fannie Mae, Freddie Mac Now Back Larger Loans
With the calendar now officially flipped to 2020, Fannie Mae, Freddie Mac, and the Federal Housing Administration are now backing larger mortgages than they were just a few days ago. That’s because the 2020 loan limits for each of those...
Five Questions Agents Legally Cannot Answer
Real estate agents often become the go-to for all the advice their clients need during the house-hunting process. Some become more like therapists than salespeople, with buyers especially, but renters too, needing immense support through the understandably stressful...
#FairHousingMakesUSStronger: Fair Housing Action Plan Announced
JANUARY 9, 2020 REALTOR PARTY NEWS The 2020 NAR Leadership Team with HUD Secretary Ben Carson On January 8th members of NAR’s Leadership Team, met with the U.S. Department of Housing and Urban Development Secretary Ben Carson, HUD’s Assistant...
Mortgage rates start 2020 well below last year’s average
From HousingWire: In the first week of the year, the average U.S. fixed rate for a 30-year mortgage averaged 3.72%. Not only is this percentage below the previous week’s average, but it’s also nearly 80 basis points below the 4.51% of the year-earlier...
CA REALTORS® Urge Legislature to Act Swiftly on SB 50
The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) has issued the following statement on Sen. Scott Wiener’s Senate Bill 50, which would help address the state’s urgent housing shortage and affordability crisis: “The California Association of...
Keeping You Updated on Legislative News
C.A.R. saves your sanity by keeping you updated on legislative news. The Association recently issued the following statement in response to the House passage of H.R. 5377, a bill that temporarily eliminates the cap on state and local tax (SALT) deductions for 2020 and...
Transforming How Members Post on Social Media
Today’s top-performing REALTORS® know most clients come from their sphere but finding valuable clients on social media takes time. To stay consistent and visible, they share hyperlocal news, articles, infographics, and videos that engage their clients while looking...