· Thirty percent of California households could afford to purchase the $608,660 median-priced home in the second quarter of 2019, down from 32 percent in first-quarter 2019 but up from 26 percent a year ago. · A minimum annual income of $122,960 was needed to make monthly payments of $3,070, including principal, interest and taxes […]
– Existing, single-family home sales totaled 389,690 in June on a seasonally adjusted annualized rate, down 4.2 percent from May and down 5.1 percent from June 2018. – June’s statewide median home price was $611,420, virtually unchanged from May and up 1.4 percent from June 2018. – Year-to-date statewide home sales were down 5.9 percent […]
June 14, 2019 The past month has been extremely busy on the legislative front. C.A.R. members responded to several Red Alerts to express their opposition to harmful legislation, including two bills that together would have imposed unacceptable regulations on rental property owners. Thanks to your calls, C.A.R. was able to negotiate amendments on AB 1481and AB […]
LOS ANGELES (May 14) – More Californians could afford to purchase a home in the first quarter of 2019 as lower mortgage interest rates and cooler seasonal home prices combined with higher income levels to improve California housing affordability, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. The percentage of home buyers who could afford […]
Thank you to all of you who attended C.A.R.’s Legislative Day in Sacramento last week. Your attendance made it a great success! Nearly 2,500 of you turned out to hear Gov. Gavin Newsom address us in the morning. Following this year’s theme, “Homeownership Matters,” Newsom spoke about the state’s housing shortage, calling it a “crisis moment.” […]
AGENTS: WE NEED YOUR HELP! If you have any information on homeowners who can’t get insurance or who have recently been dropped, email the details to me at jeanne@jeannedansby.com. The C.A.R. spring meeting is in May in Sacramento and this issue is a CRISIS in our region. We are gathering as much […]
– Existing, single-family home sales totaled 397,210 in March on a seasonally adjusted annualized rate, down 0.2 percent from February and down 6.3 percent from March 2018. – March’s statewide median home price was $565,880, down 5.9 percent from February and up 0.2 percent from March 2018. – The Unsold Inventory Index was 3.6 months in March, […]
Have you sold a property in our service area that was not on the MLS? We still want your data! MLS data is essential to your business, a huge help to our appraisers, and it provides a clearer picture of the overall real estate market in California and the nation. Please be sure to include […]
The Plumas Association of REALTORS is now accepting applications for its yearly Leonard H.S. Franz Scholarships. This year, PAR will award up to $750 each to six graduating high school seniors planning to attend college or vocational school next fall. The scholarships are available to students from Quincy, Chester, Portola, Greenville, Loyalton and Westwood high […]
The year is starting off to be a busy one on the legislative front. C.A.R. recently announced its sponsorship or support of legislation to address California’s housing shortage. Among the measures intended to increase housing construction that C.A.R. is championing are: SB 50 (Sen. Scott Wiener) Housing Development Around Transit: Boosts housing and apartment development in […]