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May pending home sales and Market Pulse Survey
With the California housing market continuing its upward trend, pending home sales registered their sixth straight annual gain, with the last four months being in the double-digits, the CALIFORNIA ASSOCIATION OF REALTORS
July sales and price report
LOS ANGELES, CA - August 15, 2011 - (RealEstateRama) -- California home sales fell in July but were up from the previous year, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.
C.A.R. lender satisfaction survey finds short-sale process still broken; lenders make no material improvement
LOS ANGELES, CA - August 5, 2011 - (RealEstateRama) -- More REALTORS® characterized closing short-sale transactions as “difficult” or “extremely difficult” than late last year, indicating that lenders’ and servicers’ short-sale procedures have shown little improvement in the past six months, according to the latest Lender Satisfaction Survey conducted by the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.).
Home, Condo Sales Up in February Over January, Says California Desert Association of REALTORS®
PALM DESERT, CA - May 18, 2011 - (RealEstateRama) -- Sales of Coachella Valley existing homes jumped about 12 percent in February, rebounding from slower sales January, The California Desert Association of REALTORS® 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.
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.
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.
C.A.R. places open letter ad in top California newspapers, calls for short sale reform
LOS ANGELES, CA - March 10, 2011 - (RealEstateRama) -- In an effort to bring attention to the broken and ineffective short sale process and galvanize industry leaders to help resolve the issue, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today has placed an open letter advertisement in California’s seven largest daily newspapers, calling on lenders and industry regulators to streamline and improve the short sale process.
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
SAMCAR Announces “Future of the Housing Market and Real Estate Technology”
San Mateo, CA - February 7, 2011 - (RealEstateRama) -- The state of the local housing market is a highly scrutinized subject matter as the housing market is a barometer of the financial health of San Mateo County. To bring answers, clarity and a bit of a crystal ball to see what is in store for the housing market in 2011, the San Mateo County Association of REALTORS® is hosting California Association of REALTORS® Chief Economist, Leslie Appleton-Young, along with Mike Simonsen, CEO, Altos Research to provide a housing forecast at the “Future of the Housing Market and Real Estate Technology” conference on Thursday, February 17th at the San Mateo Elks Lodge from 9:30 am-4:00 pm
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.
California home sales decline from previous month, year, C.A.R. reports
LOS ANGELES, CA - November 23, 2010 - (RealEstateRama) -- California home sales declined in October, from both the previous month and previous year, according to data from the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.)
C.A.R. reports first-time buyer housing affordability improves slightly in third quarter
LOS ANGELES, CA - November 16, 2010 - (RealEstateRama) -- Housing affordability among first-time home buyers improved slightly in the third quarter of 2010, both on a quarter-to-quarter and year-to-year basis, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today. The percentage of first-time buyers who could afford to purchase an entry-level home in California stood at 66 percent in the third quarter of 2010, according to C.A.R.’s First-time Buyer Housing Affordability Index (FTB-HAI). In the second quarter of 2010, the Index was a revised 65 percent and was 64 percent in the third quarter of 2009
California home sales post second consecutive monthly gain in September; median price down from...
LOS ANGELES, CA - October 21, 2010 - (RealEstateRama) -- California home sales posted their second consecutive monthly gain in September, but were down from the same period a year ago, according to data from the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.)
Downey AOR offers Clarus MarketMetrics® as a member benefit
LOS ANGELES, CA - October 19, 2010 - (RealEstateRama) -- Real Estate Business Services® (REBS®) today announced that the Downey Association of REALTORS® (DAOR) has signed an agreement to provide Clarus MarketMetrics® as a member benefit to its more than 1,900 REALTOR® and Multiple Listing Service (MLS) members. The Downey Association of REALTORS® uses Southern California Multiple Listings Service (SoCalMLS) as its multiple listing provider to provide Clarus MarketMetrics® as a member benefit.
Councilmember Alarcon and the Los Angeles NeighborWorks Center for Foreclosure Solutions
Los Angeles, CA - September 24, 2010 - (RealEstateRama) -- In partnership with Councilmember Richard Alarcon and the Los Angeles NeighborWorks® Center for Foreclosure Solutions (CFS) families who are in mortgage distress and facing foreclosure can get immediate help at the upcoming Help & Hope Fair.