Greater buying power and low rates bolster September home sales, C.A.R. reports

Greater buying power and low rates bolster September home sales, C.A.R. reports

– Existing, single-family home sales totaled 404,030 in September on a seasonally adjusted annualized rate, down 0.5 percent from August and up 5.8 percent from September 2018. – September’s statewide median home price was $605,680, down 1.9 percent from August and up 4.7 percent from September 2018. – Year-to-date statewide home sales were down 3.1 […]

New Requirements for Sexual Harrassment Prevention Training

Update: The Sexual Harassment Training Deadline was Postponed Until January 1, 2021 Are you aware of the new laws requiring Sexual Harrassment Prevention Training? Training required for all employees, not just supervisors by the end of 2020. Size of business threshold lowered from 50 to five “employees” Proposed regulations may expand requirement to include independent […]

California housing affordability dips in second quarter 2019, C.A.R. reports

· 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 […]

California home sales retreat in June, but 2019 housing market outlook revised upward, C.A.R. reports

– 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 […]

Message from C.A.R. President Jared Martin

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 […]

California housing affordability climbs in first quarter 2019, C.A.R. reports

California housing affordability climbs in first quarter 2019, C.A.R. reports

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 […]

Message from C.A.R. President, Jared Martin

Message from C.A.R. President, Jared Martin

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.” […]

California home sales, median price moderate in March, C.A.R. reports

– 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, […]

Message from C.A.R. President, Jared Martin

Message from C.A.R. President, Jared Martin

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 […]

California home sales rebound in February; median price dips, C.A.R. reports

Latest housing update from C.A.R. Existing, single-family home sales totaled 399,080 in February on a seasonally adjusted annualized rate, up 11.3 percent from January and down 5.6 percent from February 2018. February’s statewide median home price was $534,140, down 0.6 percent from January and up 2.2 percent from February 2018. Statewide active listings grew at […]