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CALIFORNIA ASSOCIATION OF REALTORS® applauds Gov. Brown on signing SB 458 into law
LOS ANGELES, CA - July 19, 2011 - (RealEstateRama) -- The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) applauds Gov. Jerry Brown on signing SB 458 (Corbett) into law. SB 458 extends the protections of SB 931 (2010), to ensure that any lender that agrees to a short sale must accept the agreed upon short sale payment as payment in full of the outstanding balance of all loans.
June California home sales, median price post increase, C.A.R. reports
LOS ANGELES, CA - July 15, 2011 - (RealEstateRama) -- California home sales edged up in June, and the median price rose to its highest level since December 2010, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.
Drop in conforming loan limits would raise cost of housing financing, hamper housing recovery
LOS ANGELES, CA - June 24, 2011 - (RealEstateRama) -- More than 30,000 California families will face higher down payments, higher mortgage rates, and stricter loan qualification requirements if conforming loan limits on mortgages backed by the Federal Housing Administration (FHA), Fannie Mae, and Freddie Mac are reduced beginning October 1, 2011, according to analysis by the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.).
May Pending Home Sales Index
LOS ANGELES, CA - June 21, 2011 - (RealEstateRama) -- California pending home sales rose in May, posting the first year-over-year increase in 18 months, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today
May sales and price report
LOS ANGELES, CA - June 16, 2011 - (RealEstateRama) -- A weak economy and tightened financing conditions contributed to a slowdown in California home sales and median price during May, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.
California home sales decline in April; median home price increases
LOS ANGELES, CA - May 16, 2011 - (RealEstateRama) -- California home sales declined in April, while home prices increased, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.
C.A.R. launches 2011 Consumer Ad Campaign
LOS ANGELES, CA - May 3, 2011 - (RealEstateRama) -- The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today launched a brand-new consumer advertising campaign highlighting the value REALTORS® bring to the real estate transaction. Through a bold, new approach and theme -- “California REALTORS®. Champions of Home.” -- the campaign also will raise awareness of the REALTOR® brand and reinforce the professionalism of REALTORS® who belong to C.A.R.
California distressed housing market improves in March; pending sales rise
LOS ANGELES, CA - April 20, 2011 - (RealEstateRama) -- The share of distressed homes sold in March declined from February, but was unchanged from a year ago, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.
Favorable market conditions, economic improvement lead to increased home sales, higher median price
LOS ANGELES, CA - April 14, 2011 - (RealEstateRama) -- Improvement in the overall economy and favorable market conditions led to increases in both the median price and home sales in March, according to data from the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.).
C.A.R., Fannie Mae launch short sale assistance desk
LOS ANGELES, CA - March 31, 2011 - (RealEstateRama) -- The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today announced it has partnered with Fannie Mae on an initiative designed to help REALTORS® quickly resolve issues that may arise after a short sale offer is made on a Fannie Mae-backed loan. The Fannie Mae Short Sale Assistance Desk ("Assistance Desk") provides brokers and agents the ability to significantly shorten the time they have to wait for approval on Fannie Mae short sale transactions and helps real estate professionals with the handling of post-contract issues such as loan servicer responsiveness, the existence of a second lien or issues involving mortgage insurance.
California pending home sales, distressed sales rise in February
LOS ANGELES, CA - March 22, 2011 - (RealEstateRama) -- Pending home sales rose in February, as did the share of distressed properties sold, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.
California home sales decline in February as market adjusts to post-foreclosure freeze environment
LOS ANGELES, CA - March 16, 2011 - (RealEstateRama) -- Following three months of sales gains, California home sales posted a weaker-than-expected performance and declined in February, according to data from the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.).
C.A.R. Short Sale Lender Satisfaction Survey
LOS ANGELES, CA - March 10, 2011 - (RealEstateRama) -- Fewer than three of five short sales close in California, illustrating the complexity and difficulty of navigating lenders’ and servicers’ short sale procedures, according to a Short Sale Lender Satisfaction Survey conducted by the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.). The survey gauges REALTORS®’ experience in working with short sale transactions – transactions in which the lender or lenders agree to accept less than the mortgage amount owed by the current homeowner.
California pending home sales rise in January
LOS ANGELES, CA - February 23, 2011 - (RealEstateRama) -- The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today debuted its Pending Home Sales Index and released key distressed property data
January sales and price report
LOS ANGELES, CA - February 15, 2011 - (RealEstateRama) -- California home sales rose in January, marking three consecutive monthly increases and posting their highest level since May 2010, while the statewide median price declined to its lowest level since June 2009, according to data from the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.). “With lower home prices and rates edging up from their historic lows of late last year, prospective home buyers should consider the opportunities in today’s market,” said C.A.R. President Beth L. Peerce.
C.A.R. responds to White House proposal
LOS ANGELES, CA - February 14, 2011 - (RealEstateRama) -- In response to the White House’s recommendations today to phase out Fannie Mae and Freddie Mac, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said the elimination of government involvement would raise borrowing costs for home buyers and severely restrict a safe and affordable flow of financing, further impeding the still-fragile housing market recovery
Q4 First-time Buyer Housing Affordability
LOS ANGELES, CA - February 10, 2011 - (RealEstateRama) -- First-time buyer housing affordability matched or set new record-high levels in all regions of the state during the fourth quarter of 2010, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today. Led by historic-low interest rates and a slight decline in home prices, housing affordability surpassed or maintained current levels in both quarter-over-quarter and year-over-year comparisons statewide.
C.A.R. reports California home sales rise in December, posting seven-month sales high
LOS ANGELES, CA - January 24, 2011 - (RealEstateRama) -- California home sales rose in December, posting their highest level since May, according to data from the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.). The statewide median price increased from November, but was down from a year ago
C.A.R. reports California home sales rise in November; share of short sales increasing
LOS ANGELES, CA - December 22, 2010 - (RealEstateRama) -- California home sales rose in November, but were down from the previous year, according to data from the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.). The statewide median price declined from both the previous month and previous year
Changes to mortgage interest deduction would hurt economy, prolong housing downturn, C.A.R. says
LOS ANGELES, CA - December 2, 2010 - (RealEstateRama) -- In response to recommendations in the Deficit Reduction Commission report released today, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said it strongly opposes any changes that would modify or reduce the mortgage interest deduction.